It is a statistical fact that 90% of traders fail, and many very quickly give up.

Why? When I first started to trade forex I went through a phase of losing trades I treated it as a temporary setback and as an expense to my forex business venture, most importantly I went back to the drawing board. I analysed the reasons of my failure and I sought the guidance of Top Traders, Mentors and Coaches to put me back on the path of success and profitability.

In my opinion the high rate of failure for a new trader can be related to the seven major obstacles that a trader faces, which are summarised as follows -

  • Poor Skills
  • Lack of adequate capital
  • Setting unrealistic targets and goals
  • Lack of Patience
  • Lack of discipline
  • High risk aversion.
  • Over trading.

If we look at the list, it becomes apparent that the failure is as a result of trading without having in place a proper Trading System and a Trading Plan. One that includes mind training, quality Forex education and strategies and sound money management rules.

So what are the Characteristics of a Successful Trader.

All we have to do is to re-frame the liabilities listed above:

  • Adequate trading knowledge and understanding. You should seek services of good quality mentors and a trading coach.
  • Adequate capitalisation – Don’t be fooled that you can earn thousands every week from a starting capital of $500
  • Realistic Goals – don’t expect 100% profit each month, it simply is not possible.
  • Have patience – don’t trade if you don’t have to. You should wait for a set-up according to your trading plan and system.
  • Have Discipline to follow your rules
  • Understanding and Managing Risk
  • Most new traders are too eager to enter trades in fear of missing a big move,
  • And lastly the most important is having a Trading System and a Trading Plan. Virtually 90% of Traders that I have coached have never had one!

If you look at the advice from the world’s most successful people or traders today, you will notice that they follow the guidelines as identified above.

Our live training is different because our Currency Coaches train you in a trading room environment in the live market. How many ‘experts’ are willing to coach you in real time, pip by pip? Not many.

Our structured training course is very clear to understand and outlines the five most easy to spot trading patterns, whilst teaching you how to trade successfully. We guide you throughout the entire course including trading during the London and New York trading sessions. This is the kind of discipline that we believe is paramount for new traders.

Put simply, we set three trading objectives:

  1. Capital Preservation. Control the risk so the trader lives on to trade again and again and again.
  2. Capital Acquisition. Start with a plan in mind; a ‘Minimum Acceptable Performance’ for each of your trades. Even just 10 pips. In volatile markets such as Forex, substantial losses may occur when trades are placed recklessly. We recommend conservative trades whilst waiting patiently for setups that may yield 20-30 (or more) pips, so your chances of achieving your goals are realistic and trades ‘Successfully Achieve their Mission’.
  3. Capital Appreciation. If you’ve been smart enough to lock-in your intended profits (as we recommend and demonstrate), you may then let your profits run on. Once 10 pips are protected by moving your stop-loss to true break even, you effectively have a free open trade with potential to secure increased profits as the market forces play out.

Learn how to trade FOREX live by trading alongside a Professional FX Trader!
Is it critical that you know how to read charts, how to calculate pivot points or exponential moving averages, resistance and support levels? The Buy & Sell signal software does this work for you instantly in real-time.

Our live training is different because our Currency Coaches train you in a trading room environment in the live market. How many ‘experts’ are willing to coach you in real time, pip by pip? Not many.

Investing in FOREX can be quite risky. However, Forex-Living will prove to you that FOREX can be a successful business activity if you so desire. When you treat it like a business, on which your livelihood depends, then you will build and grow your business over whatever period of time your business plan provides for. Like any business activity, you first need to plan and then execute that plan. We teach these business skills and methods and how to apply them to your trading activities, no matter what level you are at.

We’ll trade the opening of the New York session together. The Trading room will open early and will be broadcast to other traders around the world so that we can review the currency grids and economic calendar together before things really heat up.

In our trader coaching programme we teach you how to trade successfully on your own, so that you can trade at any time of the day or night. Of course, results are not guaranteed and individual experiences may vary but we are always available to guide and support you.