Avoid the hassle, the traffic, and the grind of a routine 8 hour per day job, and instead, work from the comfort of home. That sounds almost irresistible, and explains why forex trading appeals to so many people.

It’s a common scenario: in a job you hate and then you hear of people making a good living. In my case I heard via the internet of trading forex. I was interested and after a little research it seems like a no brainer.

But hold on. Although the online forex traders boast about their triumphs, not many of them can prove that their claims are real.

If you are in this trade, are you aware that 95% of forex traders are losers in the market? If you know that, you could be wondering whether this trading is manageable to you. It can be learnt though.

The people who lose money in this market are those who dont try to understand the tricks of trade. They just get into a gambling mode. For them, choosing the right trade is a matter of luck, and they mostly end up being unlucky.

Forex isn’t “playing”, a word often erroneously used by traders to describe their activities. I’m playing with a hundred grand, they’ll say. Is it any wonder they’re not successful? Their frivolous attitude, the way they approach their trades, is not conducive to success.

Many traders also want to take the easy road to results. They want to rely on their sophisticated software to tell them what to do. Do I buy now, and when should I sell? They let the software find the answers, rather than figuring out the best course of action on their own.

If the software is that terrific, and can really accomplish the miracles these traders expect it to, then why aren’t they making money using it in their trading?