Forex Made Easy Secrets
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?
Education is the First Forex Made Easy Secret.
Not being educated in this field can be costly and dangerous. Hand over your money to a clerk in the store, it would be no different. Conversely, there are many online programs and courses available, but which do you choose? Again, the answer is easy, too easy: the course that's free! But but but... No buts. There are plenty of courses available, you just need to search for them. Remember, not being educated could land you big time broke. Another statistic. Part of the 95%.
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?
That's usually not what happens. Most Forex Made Easy people will dive right in and watch their stacks of dollars or euros or yen fly the coup. Of course they had a program to follow, but they didn't follow it. Of course they had goals but those goals weren't at all realistic. Of course they had a mini-account, but they were highly underfunded. Of course they had a premonition which way the market was going to go, but that's all it was, a hunch, a good feeling.
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:
- You will win; you will lose. Everybody does, even the best of the best.
- You need discipline to trade. Without discipline you will fail. Period.
Trading the Forex Made Easy way can be extremely profitable. It takes a combination of keeping great discipline, managing risk, and accepting losses to be successful. - 23221
Education is the First Forex Made Easy Secret.
Not being educated in this field can be costly and dangerous. Hand over your money to a clerk in the store, it would be no different. Conversely, there are many online programs and courses available, but which do you choose? Again, the answer is easy, too easy: the course that's free! But but but... No buts. There are plenty of courses available, you just need to search for them. Remember, not being educated could land you big time broke. Another statistic. Part of the 95%.
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?
That's usually not what happens. Most Forex Made Easy people will dive right in and watch their stacks of dollars or euros or yen fly the coup. Of course they had a program to follow, but they didn't follow it. Of course they had goals but those goals weren't at all realistic. Of course they had a mini-account, but they were highly underfunded. Of course they had a premonition which way the market was going to go, but that's all it was, a hunch, a good feeling.
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:
- You will win; you will lose. Everybody does, even the best of the best.
- You need discipline to trade. Without discipline you will fail. Period.
Trading the Forex Made Easy way can be extremely profitable. It takes a combination of keeping great discipline, managing risk, and accepting losses to be successful. - 23221
About the Author:
Mr. Boldene is a Freelance Technical Writer and writes about many 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 @ 1:59 AM
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