Can you trade for a living and become a currency trader from home? The answer is yes anyone can, as forex trading is a specifically learned skill – but you must be aware of the pitfalls and unique challenges it presents…

Let me give you a rather inspiring story, to get you in the mood to trade for a living.

It’s a famous experiment and it was conducted by trading legend Richard Dennis.

He always believed that traders were made, not born and with the right education and mindset, anyone had the potential to make money. He decided to prove the point.

He gathered a group of people together, who only had one thing in common – they had never traded before. In the group there was an actor, a security guard and a female auditor, so a diverse group and he set about teaching them to trade.

They had 14 days training, were given live accounts and went on to make $100 million in 4 years – Dennis had achieved what he set out to prove.

This throws up the question – if anyone can learn and succeed, why do 95% of traders lose their money?

The answer is trading is NOT Just about learning a method, it’s about executing it with discipline.

Most traders have no idea of the reality of forex trading and the pressure it puts on you mentally.

You need to stay cool, calm and disciplined while your emotions are screaming at you to do the opposite. You have to stay on course, when the market is doing this to you: