One of the reasons that we see such a high failure rate in forex trading is because so many traders try so hard to beat the market, when all they really need to do to be successful is to beat the other traders.

It is a fact that less than 10% of traders can be consistently successful, and over 90% of traders will fail. This is because these traders have not taken the time or investment to thoroughly educate themselves, and since knowledge is power in this industry those who are uninformed may also be broke.

When you stop trying to beat the market and instead just focus on being a better trader than 1 out of 10 other traders, you will see a marked shift in your thinking and in your trading. Instead of racking your brain going over very complicated market analysis methods, all you will need to do is go against the crowd and look for the trading signals that most other uninformed traders miss.

Remember that the 90% of traders who lose end up giving their money over to the 10% of traders who win. Successful traders do what unsuccessful traders don't do, which means logical market analysis and only entering the market when you see a clear confirmation of trading signals. This also means you only ever trade when you have both a stop loss order and a profit limit order.