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.
Education is the First Forex Made Easy Secret.
Not being educated in this field is a dangerous and costly. You might as well hand over your money to the clerk in the store. On the other hand, there are many courses available online, so what do you choose? Again, the answer is simple, the course that is free! But but But, say the Forex Made Easy readers. No buts. There are a wealth of courses [pardon the pun]. You just need to search them out. Remember, not being educated could land you broke.
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?
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 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 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. - 23199
Education is the First Forex Made Easy Secret.
Not being educated in this field is a dangerous and costly. You might as well hand over your money to the clerk in the store. On the other hand, there are many courses available online, so what do you choose? Again, the answer is simple, the course that is free! But but But, say the Forex Made Easy readers. No buts. There are a wealth of courses [pardon the pun]. You just need to search them out. Remember, not being educated could land you broke.
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?
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 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 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. - 23199
About the Author:
Mr. Boldene is a Freelance Writer and writes about a variety of subjects. To learn more about the Forex Made Easy way, click on the Forex Made Easy Info Blog button or the Forex Made Easy Intro.
posted by X - Men @ 1:27 AM
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