If you want to learn currency trading basics then, this is the essential one, you need to enjoy currency trading success. If you don't have this key element in your trading plan, you will never become a successful currency trader. Lets take a look at this point in more detail.

I have taught over 4,000 traders and when I ask the question below I can tell, if I am talking to a successful trader or not – so here is the question:

What is your trading edge ( clearly Defined) which you know will lead you to currency trading success?

Now most traders think they have an edge but it's not and the wrong answers are listed below first and then we will look at the right answers.

Wrong Answers Are:

• I have bought a Forex robot and the vendor tells me, I can achieve success with no effort

• I am going to scalp and day trade and make small regular profits

• I have bought a scientific method which predicts the future as markets move to science

• I will trade breaking news stories and that's a great way to make money

• I am clever so that means I can use my intelligence to win

• I work hard and hard work, guarantees success

• I have a complicated trading system and complicated systems, work better than simple ones

Most of the above are myths put about by vendors online, trying to sell currency trading strategies and systems and the only reason there selling them is because they can't make money trading!

So what is the right answer? Well there are many right answers, as there many different currency trading systems which can make money but a trading edge will normally consist of the following:

Sample Right Answers Are:

• I have a simple trading system which trades the odds

• I have a trading system which doesn't predict but trades the reality of price change

• I have total confidence in my system and can follow it with discipline, through periods of draw down

• I See Forex trading as simple, I respect the market and have a humble attitude

A currency “trading edge” such as the above, means the trader doesn't think he can beat the market and he respects it and realizes only he can be wrong and the market price is always right. He knows there is no perfect system and that he will have to take losses but because he has confidence in the system he can follow it with discipline and patience, cut his losses and run his profits for an overall gain on his account. He is keeping Forex trading simple and knows effort and intelligence count for nothing, only trading profits do and to achieve them a simple robust system is better than a complex one which will have too many elements to break..

So What's Your Trading Edge?

If you don't know, continue your currency education until you do but if you had a similar profile to our sample successful trader, congratulations! The road to currency success is open to you and a great second income, in the world's most exciting and lucrative investment – global currency trading for profit.