The secret of success hasn’t something in common with a finding of the best oscillator, the analysis of regress or graphic model. He was successful, because he had ability to define and wait especially profitable possibilities and then to derive the maximum benefit from them. Though the parity of the size of a position 20:1 will be a little too much personally for me, I think that the given principle operates: the success partially is function from definition of the size of the transaction on logic, instead of the psychological reason. It is one of the reasons why trade is so difficult.

It represents an unusual admixture of lines which allows the trader to be reasonable with risk, refusing transactions which don’t move so quickly predictably while at occurrence of good possibility to derive from it the maximum benefit. It is easy to find traders who aren’t inclined to risk and hold the positions within the limits of one or two prizes; also it is easy to find traders who will freely vary in the size of a position, including those times when they are upset by the trade. That meets much less often so it is traders adhering to “golden mean” – capable to accept and limit 90 % of cases which don’t work, and to operate aggressively in those of 10 % of cases when there is a movement which can be used as much as possible.

That is true for the size, will be also true in relation to time. It is possible to learn alot simply having looked how longly the trader held the advantageous transaction against the losing transaction. If the trader quickly leaves transactions which don’t move in a desirable direction, average time of deduction of such transactions should be low enough. On the contrary, for successful transactions, there is nothing unusual to see that 10 % of transactions were kept during the long period of time.

Thus, almost invariably it is advantageous transactions which bring an appreciable share of the general profit. At unlucky traders also it is possible to observe small percent of transactions with the long-term period of deduction – but these are losing transactions. I have somehow asked the trader why it kept one long position during unusually long period of time. He has looked at me a little derisively and has answered, “Because I had the basis for this purpose!” He was ready to sit in very changeable market while it went in his direction and while specified nothing that it has incorrectly defined a bottom. This one transaction has made its monthly profit. Probably, it is fair for much in life.

The same often happens truly concerning success in career and business. Successful people can undertake ten projects within a year, but focus efforts to the only thing from them when it seems promising. The company can let out ten models of any goods and quickly refuse nine others, gaining essential money for that which is accepted by the market. Even successful artists and inventors as researcher Kit Simonton has found out, tend to spend a considerable quantity of creative efforts to different products, receiving the popularity thanking enough small amount of works which will draw attention of people.

For those who want to participate in forex trading should start from learning the basics of this market to make sure you do not experience problems with this industry.

There is another option – you can hire experienced traders to managed your trading account – read more about forex investment here. Also make sure to search for the info in a good forex book.