Sophia Todorova is the host of the live trading room for the London session. She has a background in teaching and psychology, and as such relishes the idea of assisting new traders on their journey to Forex trading success. Technical Analysis is her passion. The charts speak, and she listens. . To Trade Live with Sophia Join Winners Edge Trading Premium Services.
The Forex is an ever-expanding phenomenon and each passing day sees a new influx of ‘newbies’, or Forex beginners seeking to realize the Forex dream. Are these enthusiasts doomed to a big disappointment? Is there a way to lower that highly intimidating statistic of a 90% failure rate? I believe there is!
Alas, many find themselves addicted to the excitement of the very act of trading. They reach a point where they become contented with sub-standard results, as they ‘feed’ off the buzz that often results from putting on a trade. Here, the profit and loss statement falls a distant second to the adrenaline rush.
The most critical point of any trader’s career is at the very beginning. It is then that those damaging habits get entrenched. It is also then that many unrealistic expectations get nurtured. Many people get lured into the business by internet or television advertisements that promise instant riches. The irony of the situation is that Forex trading can be easy. That’s right…It can be. With reasonable expectations and a solid forex education, followed by disciplined trading, many a dream would be fulfilled. Trading in this manner means that it may not feel as exciting as it is when trading as the majority does. It involves hard work and determination, as well as a healthy self-confidence.
Have a great weekend everyone. I appreciate your taking the time to read my articles. Safe trading ’till next week! 
You can read my Gbpusd trading plan here: http://www.winnersedgetrading.com/gbpusd-trading-plan/
Other useful blogs:
Forex Crunch: Steps in Making Forex More Mainstream
The GeekKnows- Daily commentary on eurusd
One free trading tool I recommend is Currensee . It can be a useful tool to be able to see how other professional traders are doing.
