succesful trader

http://www.freewebs.com/reynan/

AmbushForex / SnipingForex was created by traders for traders in order to provide free profitable signals. Our aim is to make everyone who knows this website become a succesful trader and share free educational materials to those who wish to know our simple yet profitable strategy. Our primary emphasis are to learn the Basics of Trading : Money Management, Discipline, and Patience. Using a great trading strategy without it is useless. That is why it is considered that 95% of traders fail since only 5% can keep it.
Money Management : Forex trading is not a quick-rich business, if ever odds goes your way make sure you only loss 1-2% of your account balance. We strongly recommend that for account with a balance of $10k and below use only Mini-account ($1.00 - $2.00/ Pip) and for $20K up may use Standard Account ($5.00/ Pip or higher).
Money management is a critical point that shows difference between winners and losers. It was proved that if 100 traders start trading using a system with 60% winning odds, only 5 traders will be in profit at the end of the year. In spite of the 60% winning odds 95% of traders will lose because of their poor money management. It is the most significant part of any trading system. Most of traders don't understand how important it is. It's important to understand the concept of money management and understand the difference between it and trading decisions. It represents the amount of money you are going to put on one trade and the risk your going to accept for this trade.
Discipline: Means keeping your strategy's rules and mechanics. Don't be affected by emotion. Patience: Develop a patience to wait whatever is stated in the strategy or signal or never trade at all.