Secrets of the Forex Made Easy Way
Ninety-five percent of all traders lose money at Forex trading (before applying Forex Made Easy principles). Let that sink in a bit. 95% of traders lose money. So, the questions that is begging to be asked is, how can you become part of the 5% who "win" money?
The First Forex Made Easy Secret is Education.
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?
But most Forex Made Easy readers will plunge right in and watch their hard earned dollars or euros or yen fly out the window. Sure they had a program to follow, but they didn't follow it. Sure they had goals but those goals weren't at all realistic. Sure they had a mini-account but they were clearly underfunded. Sure they had a premonition which way the market was going to go, but that's all it was, a premonition.
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 program is easy and do-able. The hard part for most Forex traders is getting the right psychology. 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. Plan your trade; trade your plan.
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. - 23204
The First Forex Made Easy Secret is Education.
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?
But most Forex Made Easy readers will plunge right in and watch their hard earned dollars or euros or yen fly out the window. Sure they had a program to follow, but they didn't follow it. Sure they had goals but those goals weren't at all realistic. Sure they had a mini-account but they were clearly underfunded. Sure they had a premonition which way the market was going to go, but that's all it was, a premonition.
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 program is easy and do-able. The hard part for most Forex traders is getting the right psychology. 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. Plan your trade; trade your plan.
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. - 23204
About the Author:
Mr. Boldene is a Freelance Writer and writes about many subjects. To view more about Forex, click on the Forex Made Easy Info Blog button or the Forex Made Easy Intro.
posted by X - Men @ 1:28 AM
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