Today, we have more powerful computers than ever and the software which has been developed to trade Forex markets, is mind boggling in it's complexity. Many traders are using software in an attempt to make their currency trading strategies more profitable and beat market but they can never succeed and this article looks at why.

First, let's start with a simple Forex trading fact which most people know and it's this:

95% of all Forex traders lost 50 years ago and still lose today and when you think about this fact, it may strike you as odd, with all the advances we have seen in terms – price delivery, better news, computer power and the ability of software to number crunch quickly – these advances have made no difference, to the number of traders who win. If you think about it though, the reason why the number of winning traders has not increased is obvious:

Forex Markets CANNOT be Predicted!

Forex market do NOT move to science and this should be obvious to anyone - because if they could, we would all know the price in advance and there would be no market!

The Forex market is a market of probabilities not certainties and the reason for this again is obvious:

Humans make the price of any currency and their creatures of emotion, not of logic. The “far out investment crowd” believe that markets move to some higher force but they don't and you get a lot of clever nerds, who think because they are clever, they can beat the market with science but prices are unpredictable and they can't.

The fact is if you want to win at Forex trading, you can but you must focus on trading the odds and that means scientific and complex currency trading strategies, simply cannot help you.

Use a Simple System and Trade the Odds

In Forex trading, simple systems work best and always will and the reason for this is – a simple system, will be more robust in the brutal world of FX trading and have fewer elements to break. If you think, the more Forex trading indicators you cram into your trading strategy the better - Your wrong!

If you want to win at currency trading use a robust, simple system and you will do just fine and always keep the next point in mind...

Perfection is NOT Possible but Making Money is!

If you want to be right all the time and feel clever, don't trade FX. If you can accept that perfection is not possible but if you run your profits and cut your losses, you can win. Forex trading is not about beating the market, you can never do that - but you can win and make a lot of money and that's what Forex trading is all about.

Final Words

50 years ago, 95% of FX traders lost money, the same ratio of traders lose today and the same ratio will lose in 50 years time. The fact is Forex trading success is based upon – A simple method which is applied with rigorous discipline. This has always been the case and always will be – so stop trying to be clever and accept the market for what it is and play the odds and win.