Can you get rich trading Forex?I think the better question is: can you become consistently profitable trading Forex? The answer is a resounding, yes! The key is to focus on the process and forget about trying to strike it rich. Focus on the process, stay disciplined, and the profits will follow.Who

It’s the most important to your success as a trader.I’ve found over the years that many people, including Forex traders, lose sight of this very simple fact. The only way you can fail at becoming a successful Forex trader is if you give up.This sounds obvious, but it amazes me how often I see persev

You can’t visit a Forex site these days without seeing an advertisement for some strategy that promises a 98% win rate.Why is that? Is it because a high win rate is needed to become a successful Forex trader?Not even close!They do it because it sells. People love to win, there’s no denying it. If yo

Of course, I’m referring to taking a brief hiatus, not walking away for good.All successful Forex traders know when to walk away and take a break. Those who are truly passionate about trading Forex know how hard it can be sometimes to walk away from the market. Still, it’s necessary in order to beco

There aren’t many guarantees in the Forex market. But one guarantee I can make is that there’s no successful Forex trader who is trading today for money he needs tomorrow.In other words, trading Forex to gain a certain amount of money within a specific time period.I’m not saying that you can’t gener

It’s often the smallest things in life that generate the greatest improvements.The concept of thinking in terms of money risked, as it applies to Forex trading, is no exception. It’s an extremely simple concept that can have a huge impact on your journey to becoming a top Forex trader.I’ve never met

But trying hard is what it takes, right?Not quite.This might apply to other ventures in life, but Forex is the exception. Successful Forex traders know that trying too hard is a sign that something isn’t right.This is different from studying hard. As a new trader to Forex, studying the market is hig

I see a lot of talk on the internet about the need for a trader to develop an edge and define it. And, if I’m honest, most of what I’ve read out there is pretty alarming.It’s little wonder why so many traders struggle to understand what an edge is and how they can develop one of their own.So what ex

Every successful Forex trader I’ve met uses price action in some way, shape or form.This doesn’t mean they’re using price action in the same way I use it, but they are using some form of price action as part of their trading strategy.Whether a trader is using raw price action or simply using it to i

No Forex trader is without losses. But there’s a distinct difference between how the beginning trader loses and how the best Forex traders lose.What’s the difference?Mindset.Most starting out in the Forex market view a loss as a bad thing. It’s a way of signaling that they did something wrong.And do

Before we get too far, I want to clarify how we will define success in this article.Any story about a successful Forex trader must include consistent profits. I think we can all agree that most traders use profits to benchmark the success of another.However, success in any endeavor is about more tha

The Canadian dollar climbed 2.5% last week, as USD/CAD fell to its lowest level since early March.