Forex Income Engine Success Story: Money Management vs. Trading Discipline

June 29, 2010 - PRLog -- What underdeveloped virtue in a trader spawns failure in forex (foreign currency) trading more than any other single factor?  Ask anyone who's traded this market for any length of time and they will tell you right away that it has something to do with a lack of discipline to pull the trigger or not on a trade based on what the charts and indicators are dictating verses the old task masters of fear and greed.

Yes, the mastery of self required to attain consistent profits -- real, bankable money that you can spend again and again as you draw from a consistent source of funds propagated by a well-oiled forex trading machine, comes less frequently to the dabbler than to the trained market technician.

The serious forex trader not only has the right trading method and system on his side (an essential element of success), but also the druthers to take the trades when the setups present themselves, every time and no sooner (or later), and only according to the overarching dictates of his money management guidelines.

A Tall Order to Fill?

Bill Poulos just re-released his Forex Income Engine trading course to the masses for a limited time.  His claims (that he backs up with a performance guarantee) state that this training not only gives the trader a complete trading method or system, it incorporates an uncanny money-management program.

Can such a program eradicate the lack of trader discipline through the building of confidence nurtured by success via an ever-growing trading account balance?  Ask his students.  Dave Harding of Anchorage, AK tells us, ""Money management and trading discipline were my biggest failures until I came across your easy to digest information. I sincerely appreciate your excellent teaching courses that have enabled me to begin profiting."

Can all traders using the Forex Income Engine Course experience similar success?  That certainly depends on how seriously the trader approaches, learns and applies the methods, but it can't hurt having an edge, and isn't that what serious traders are looking for anyway?

Read more about Dave Harding's success with Bill Poulos' course by visiting http://www.forexincomeenginecourse.com

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Forex Income Engine is designed specifically for day trading, aimed at capturing quick hit moves of 20 pips or more in a matter of minutes. FIE will usually give you several trade setups a day depending on market conditions in any time frame you desire.