Practical Forex Made Easy Tips
Contrary to popular belief, Forex Made Easy is often easy. Before I dive into deconstructing this whole Forex business (and it is a business), I'll share some simple but crucial Forex Made Easy tidbits. I will be going back to this periodically. They're important not just because you are learning to trade in the 4x markets, but because they are good principles to live by.
If you've been around any length of time, you've heard or read how the basketfuls of money we can make from Forex Trading (or FX Trading), so what are the tips and rules and strategies we can incorporate to make money from 4X Trading? Below are the seven Forex Made Easy Tips that the staff and management of Forex Made Easy (me) came up with to help make you money in this crazy but rewarding field of 4X Trading.
Forex Made Easy Tip #1: Don't get greedy.
This is embarrassingly simple. When you're on a sizzling hot winning streak, it's easy to think that you can't lose, but it is the kind of thinking that is very dangerous. Trading is relatively easy, but you can lose your shirt, your pants, and your precious bank account in short order too. Greed can consume you and deplete your trading account faster than you can say "but they didn't teach me that in the Forex Made Easy blog!" Greed can devastate.
Tip #2: Get Educated
You don't have to be a market genius to make money in Forex. The Forex Made Easy blog is here to help you with that. Anyone can learn how to trade and anyone can make money. You don't need to spend long getting educated either, but having experience trading will be invaluable to you. Make sure you have a trading rules and a trading plan.
Tidbit #3: Simple is Good.
This tidbit is the most difficult to overcome because we like tools and programs and systems and indicators and gadgets. Use the KISS method: Keep it Simple Stupid. It still works (not only here but in many areas of life). Keep your "system" simple: use few indicators, and support and resistance. Don't get complicated. Simple trading "systems" are far more robust and full proof than complicated ones. If you aren't able to explain in a few sentences to an onlooker what your indicators are doing for you, then there's too much on your screen.
Tidbit #4: Make Sure You Have Risk and Money Management Rules.
This Forex Made Easy piece of advice is incredibly boring. Success in the FX market is built on risk management and money. Ten percent should be the maximum amount you risk on any one trade. Five percent or less is much better.
Forex Made Easy Tip #5: Discipline- Set the Rules and Stick to THEM
No matter how good of a trader you think you are (and you're probably not all that...sorry), you will pile up losses. Even after you search this Forex Made Easy site for nuggets of insight and wisdom, you will still need disciple. So, let me repeat that, you will have losses; you will lose occasionally. But you need to have discipline to ride out the losses and come back. Know YOUR rules. Stick to them. Keep your emotions in check when trading. Leave nothing up to your emotions. Write your instructions down and follow them. I can't emphasize this point enough, because if you don't follow what you created when there was no pressure at all, then you probably will lose money.
Tidbit #6: Have A Blast.
Trading Forex can be challenging and rewarding. It can also be exciting as you "win" more and more. Don't take your gains OR your losses so seriously. Don't spend your entire day in front of the computer screen. Go outside. Relax. Spend some quality time with your family. Watch a sunrise. Go treat your kids to an amusement park. Go on a second or third or eleven honeymoon with your spouse. The markets will always be there tomorrow.
Forex Made Easy Tip #7: Paper Trade Until You "Make Money"
Practice Practice Practice. I can't say that enough. There are software programs on the market (and some that we will recommend) to help you so that you won't lose money quickly. You can test strategies, theories, and win a million dollars - all with no money changing hands! You need to "paper trade." If you can't make money when there's no real money on the line, what makes you think you can make money when you're risking money?
We at Forex Made Easy believe that anyone can make money trading Forex . Anyone. The effort you need to put in (with the help of this Forex Made Easy blog) will be well rewarded. So don't forget the rule that simplicity rules. Simple, steady, and well executed strategies will make you the a lot of money from Trading 4X . That's the Forex Made Easy way. - 23218
If you've been around any length of time, you've heard or read how the basketfuls of money we can make from Forex Trading (or FX Trading), so what are the tips and rules and strategies we can incorporate to make money from 4X Trading? Below are the seven Forex Made Easy Tips that the staff and management of Forex Made Easy (me) came up with to help make you money in this crazy but rewarding field of 4X Trading.
Forex Made Easy Tip #1: Don't get greedy.
This is embarrassingly simple. When you're on a sizzling hot winning streak, it's easy to think that you can't lose, but it is the kind of thinking that is very dangerous. Trading is relatively easy, but you can lose your shirt, your pants, and your precious bank account in short order too. Greed can consume you and deplete your trading account faster than you can say "but they didn't teach me that in the Forex Made Easy blog!" Greed can devastate.
Tip #2: Get Educated
You don't have to be a market genius to make money in Forex. The Forex Made Easy blog is here to help you with that. Anyone can learn how to trade and anyone can make money. You don't need to spend long getting educated either, but having experience trading will be invaluable to you. Make sure you have a trading rules and a trading plan.
Tidbit #3: Simple is Good.
This tidbit is the most difficult to overcome because we like tools and programs and systems and indicators and gadgets. Use the KISS method: Keep it Simple Stupid. It still works (not only here but in many areas of life). Keep your "system" simple: use few indicators, and support and resistance. Don't get complicated. Simple trading "systems" are far more robust and full proof than complicated ones. If you aren't able to explain in a few sentences to an onlooker what your indicators are doing for you, then there's too much on your screen.
Tidbit #4: Make Sure You Have Risk and Money Management Rules.
This Forex Made Easy piece of advice is incredibly boring. Success in the FX market is built on risk management and money. Ten percent should be the maximum amount you risk on any one trade. Five percent or less is much better.
Forex Made Easy Tip #5: Discipline- Set the Rules and Stick to THEM
No matter how good of a trader you think you are (and you're probably not all that...sorry), you will pile up losses. Even after you search this Forex Made Easy site for nuggets of insight and wisdom, you will still need disciple. So, let me repeat that, you will have losses; you will lose occasionally. But you need to have discipline to ride out the losses and come back. Know YOUR rules. Stick to them. Keep your emotions in check when trading. Leave nothing up to your emotions. Write your instructions down and follow them. I can't emphasize this point enough, because if you don't follow what you created when there was no pressure at all, then you probably will lose money.
Tidbit #6: Have A Blast.
Trading Forex can be challenging and rewarding. It can also be exciting as you "win" more and more. Don't take your gains OR your losses so seriously. Don't spend your entire day in front of the computer screen. Go outside. Relax. Spend some quality time with your family. Watch a sunrise. Go treat your kids to an amusement park. Go on a second or third or eleven honeymoon with your spouse. The markets will always be there tomorrow.
Forex Made Easy Tip #7: Paper Trade Until You "Make Money"
Practice Practice Practice. I can't say that enough. There are software programs on the market (and some that we will recommend) to help you so that you won't lose money quickly. You can test strategies, theories, and win a million dollars - all with no money changing hands! You need to "paper trade." If you can't make money when there's no real money on the line, what makes you think you can make money when you're risking money?
We at Forex Made Easy believe that anyone can make money trading Forex . Anyone. The effort you need to put in (with the help of this Forex Made Easy blog) will be well rewarded. So don't forget the rule that simplicity rules. Simple, steady, and well executed strategies will make you the a lot of money from Trading 4X . That's the Forex Made Easy way. - 23218
About the Author:
Mr. Boldene is a technical writer and has written numerous articles on Forex. Join him at Forex Tips for a few key pointers. Visit also Forex Rumors.

