subject: Forex Made Easy - 95% Of Traders Lose - How To Join The Elite Minority Who Make Huge Gains! [print this page] This article is all about Forex made easy, if you get the right education and avoid the common mistakes which cause the majority of traders to lose you can make huge gains. In this article we will show you how learn quickly and get on the road to triple digit gains and a great income in just 30 minutes a day...
Forex made easy doesn't mean you don't have to do any work you do, but for the effort you put in the rewards are enormous. Forex trading is all about getting the right education and a disciplined mindset but first let's look at some common mistakes made by the losing majority.
Using Cheap Software
Forget the marketing copy which promises of an income for life for life,for a hundred dollars or so and no effort, these systems don't work and that's why they cost so little.
Trying to top and bottom pick and predict lows and highs
For some reason, traders think there is some hidden order to market movement and prices can be predicted but they can't. If you try and predict, your trades will be as accurate as your horoscope.
Day trading and scalping the market
Most new traders day trade or scalp and try and catch small profits however the problem is all volatility in daily time frames is random and that means losses guaranteed. This method of trading is a lot of effort, for no reward.
Over Leverage
Kills more accounts than any other single reason. You can get leverage of 500:1 with most brokers and traders use it and lose. For a newbie trader, 10:1 is enough leverage and you will make a lot of money on this leverage with the right trading system.
Lack of Discipline
Most traders let their emotions dictate their trading and when they lose, they run thier losses and this leads to a wipe out. If you want to win, you need to keep your emotions out of your trading.
How to Win after Avoiding Common Errors
You only need a simple system to win and the reason you don't need to get too complicated is because simple systems, are more robust than complex ones with fewer elements to break. The system should also be focused on longer term trends and should trade the reality of price change rather than based on prediction.
In terms of learning a system, anyone can learn a simple one but to make it profitable you need to get a disciplined mindset. The real key to winning is keeping your emotions out of your trading and keeping losses small. If you do this, you will get big trends you can run to cover them and make you big long term gains.
So Forex make easy is a reality, you can easily learn a simple system and in terms of getting the right mindset that's a choice any trader can make if they want too.
by: K Price
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