Forex Made Easy 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.
Forex Made Easy Secret: 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.
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?
But most Forex Made Easy readers will jump right in and watch their hard earned dollars or euros fly out the window. Sure they had a plan but they didn't follow it. Sure they had goals but they weren't realistic. Sure they had an account but they were undercapitalized. Sure they had a hunch which way the market was going to go, but that's all it was, a hunch.
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.
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.
- You need discipline to trade. Without discipline you will fail. Period.
Trading the Forex Made Easy way can be profitable. It's not just about watching the ticks go up and down. It takes a combination of managing risk, accepting losses, and keeping great discipline in order to succeed. - 23223
Forex Made Easy Secret: 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.
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?
But most Forex Made Easy readers will jump right in and watch their hard earned dollars or euros fly out the window. Sure they had a plan but they didn't follow it. Sure they had goals but they weren't realistic. Sure they had an account but they were undercapitalized. Sure they had a hunch which way the market was going to go, but that's all it was, a hunch.
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.
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.
- You need discipline to trade. Without discipline you will fail. Period.
Trading the Forex Made Easy way can be profitable. It's not just about watching the ticks go up and down. It takes a combination of managing risk, accepting losses, and keeping great discipline in order to succeed. - 23223
About the Author:
Mr. Boldene is a Freelance Writer and writes about many subjects. 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 @ 3:00 AM
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