Forex Made Easy: Top Secrets
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.
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%.
Forex Made Easy Secret: Experience.
The next best teacher is experience. When your money is on the line, you need to have experience making the trades, clicking the buttons, watching your money rise and fall with each tick. The only way you can do this is through experience (actually making the trades). Seems 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.
Having said all that, learning a profitable trading program is do-able and easy. The difficult part for most traders is getting the right psychology, wrapping their heads around a few basic concepts. Here are some facts that you must accept:
- You will win; you will lose. Everybody does, even the best of the best.
- Without a disciplined plan, you will fail. Period.
You can profit well from Trading the Forex Made Easy way. It takes a combination of managing risk, accepting losses, and keeping great discipline in order to succeed. - 23212
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%.
Forex Made Easy Secret: Experience.
The next best teacher is experience. When your money is on the line, you need to have experience making the trades, clicking the buttons, watching your money rise and fall with each tick. The only way you can do this is through experience (actually making the trades). Seems 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.
Having said all that, learning a profitable trading program is do-able and easy. The difficult part for most traders is getting the right psychology, wrapping their heads around a few basic concepts. Here are some facts that you must accept:
- You will win; you will lose. Everybody does, even the best of the best.
- Without a disciplined plan, you will fail. Period.
You can profit well from Trading the Forex Made Easy way. It takes a combination of managing risk, accepting losses, and keeping great discipline in order to succeed. - 23212
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 @ 1:59 AM
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