Secrets of the Forex Made Easy Way
You've probably heard the statistic that 95% of all traders lose money at Forex (before applying Forex Made Easy principles). Let's think about that for a bit. 95% of traders lose money. So, the question we have to ask is, how can you become part of the five percent who actually "win" in this game?
The First Forex Made Easy Secret is Education.
Not being educated in this field is a dangerous and costly. You might as well hand over your money to the clerk in the store. On the other hand, there are many courses available online, so what do you choose? Again, the answer is simple, the course that is free! But but But, say the Forex Made Easy readers. No buts. There are a wealth of courses [pardon the pun]. You just need to search them out. Remember, not being educated could land you broke.
The Second Forex Made Easy Secret is Experience.
Another great teacher is experience. What an understatement. When your precious money is on the line, you need to have real-world experience making the trades, clicking the correct buttons in a high pressure situation, watching your money sink and soarl with each passing tick. The only way you can do this is through daily experience (actually doing the trades - and even losing occasionally). It does seem obvious, doesn't it?
But most Forex Made Easy readers will jump right in and watch their hard earned dollars or euros fly out the window. Sure they had a plan but they didn't follow it. Sure they had goals but they weren't realistic. Sure they had an account but they were undercapitalized. Sure they had a hunch which way the market was going to go, but that's all it was, a hunch.
Greed is a large factor in the Forex market (and other markets in general). People want to make a boatload of money quickly. It just doesn't happen that way. Very few things in life do.
Learning a profitable trading method is easy and very do-able. The hard part for most Forex Made Easy traders is getting the right mindset. Here are some facts that you must accept:
- Sometimes you win; sometimes you lose; you lose some. Everyone does, even those who've been at this for years.
- You need discipline to trade. Without discipline you will fail. Period.
Trading the Forex Made Easy way can be profitable. It's not just about watching the ticks go up and down. It takes a combination of managing risk, accepting losses, and keeping great discipline in order to succeed. - 23210
The First Forex Made Easy Secret is Education.
Not being educated in this field is a dangerous and costly. You might as well hand over your money to the clerk in the store. On the other hand, there are many courses available online, so what do you choose? Again, the answer is simple, the course that is free! But but But, say the Forex Made Easy readers. No buts. There are a wealth of courses [pardon the pun]. You just need to search them out. Remember, not being educated could land you broke.
The Second Forex Made Easy Secret is Experience.
Another great teacher is experience. What an understatement. When your precious money is on the line, you need to have real-world experience making the trades, clicking the correct buttons in a high pressure situation, watching your money sink and soarl with each passing tick. The only way you can do this is through daily experience (actually doing the trades - and even losing occasionally). It does seem obvious, doesn't it?
But most Forex Made Easy readers will jump right in and watch their hard earned dollars or euros fly out the window. Sure they had a plan but they didn't follow it. Sure they had goals but they weren't realistic. Sure they had an account but they were undercapitalized. Sure they had a hunch which way the market was going to go, but that's all it was, a hunch.
Greed is a large factor in the Forex market (and other markets in general). People want to make a boatload of money quickly. It just doesn't happen that way. Very few things in life do.
Learning a profitable trading method is easy and very do-able. The hard part for most Forex Made Easy traders is getting the right mindset. Here are some facts that you must accept:
- Sometimes you win; sometimes you lose; you lose some. Everyone does, even those who've been at this for years.
- You need discipline to trade. Without discipline you will fail. Period.
Trading the Forex Made Easy way can be profitable. It's not just about watching the ticks go up and down. It takes a combination of managing risk, accepting losses, and keeping great discipline in order to succeed. - 23210
About the Author:
Chan is a Technical Writer and writes about a variety of topics. To view more about the Forex Made Easy way, select the Forex Made Easy Info Blog button or the Forex Made Easy Intro.
posted by X - Men @ 2:58 AM
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