For those of you who are wondering if forex is easy, it's hard to answer that question. For instance if you went by the statistics, then no, forex trading is definitely not easy. How hard is it? 95% of people that trade forex, lose money. But if you looked at all the expert advisors and magical indicators that are being sold on the market you'd think it was simple. After all, how could anybody lose money if all the gadgets do all the work for you?
The problem that most failing traders have is that they think that trading forex could only be easy if someone else or something else is making the trading decisions for them. Of course it would be real easy if you didn't have to use your brain. All you had to do was sit there, not paying attention to the market and wait for the special indicator to give the “long" or “short" signal. I'm betting you're beginning to understand the whole 95% failure ratio.
Of course, people want the easy way out. Who wants to actually take the time out to learn something? After all wouldn't it have been easier just getting somebody else to do your homework for you in school, but what would that have accomplished. If people took the time to really understand the forex market, we wouldn't have 3/4 of all the supposedly innovative trading software that we have today.
Forex trading is easy as long as you are prepared to stop doing what the other 95% are doing. Start right now! Pull up a chart and wipe away all the indicators that are on your chart and just sit there and watch the market move. All you need is right in front of you.
Jim Buhs has been a successful forex trader after learning how to trade price action. Once he understood that all he needed to trade forex was on a plain chart with no indicators, his profits soared.
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