Forex Made Easy: Top Secrets
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?
Forex Made Easy Secret: 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%.
Experience is the Second Forex Made Easy Secret.
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 very large factor in Forex. People want to earn a lot of money in a short period of time. It just doesn't happen that way.
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. - 23222
Forex Made Easy Secret: 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%.
Experience is the Second Forex Made Easy Secret.
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 very large factor in Forex. People want to earn a lot of money in a short period of time. It just doesn't happen that way.
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. - 23222
About the Author:
Mr. Boldene is a Freelance Technical Writer and writes about a variety of subjects. To learn 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 @ 9:04 AM
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