Secrets of the Forex Made Easy Way
If you've been following Forex at all over the last few years, you've probably heard the statistic that 95% of all traders lose money at this profession (before applying Forex Made Easy principles). Let's think about that for a sec. 95% of all traders lose their money. So, how can you become part of the five percent who actually "win" in this profession? Simple, education and experience.
The First Forex Made Easy Secret is Education.
Ignorance about the hobby/profession can be costly and dangerous (in any field actually). Hand over your hard-earned money to a clerk in the local 7/11, it would be no different. But, there are many online programs and courses available, so which should you choose? Again, the answer is easy, too easy in fact: the course that's free! And everyone likes free. But but but... No buts. There are hundreds of courses available for free, you just need to search for them. Remember, not being educated could land you broke and frustrated. Part of the 95% losers. Another statistic.
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 win some; you lose some. Everyone does, even those who've been at this for decades.
- 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. - 23208
The First Forex Made Easy Secret is Education.
Ignorance about the hobby/profession can be costly and dangerous (in any field actually). Hand over your hard-earned money to a clerk in the local 7/11, it would be no different. But, there are many online programs and courses available, so which should you choose? Again, the answer is easy, too easy in fact: the course that's free! And everyone likes free. But but but... No buts. There are hundreds of courses available for free, you just need to search for them. Remember, not being educated could land you broke and frustrated. Part of the 95% losers. Another statistic.
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 win some; you lose some. Everyone does, even those who've been at this for decades.
- 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. - 23208
About the Author:
Mr. Boldene is a Freelance Writer and writes about many topics. To learn more about Forex, click on the Forex Made Easy Info Blog button or the Forex Made Easy Intro.
posted by X - Men @ 4:20 AM
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