When you started in the Forex world, you may ask yourself, is Forex easy for you to make a good return? At first, you may see that it is difficult to achieve continuous profits in this business, and you may see that forex is very stressful and difficult work, and this is a normal feeling for a beginner or even an experienced person.
Anyone can feel frustrated when he fails in something, but the truth is that any business that depends on your mind, needs patience and perseverance, and there are many common mistakes that traders make to feel that Forex is a difficult business, and we will talk in detail about these things to make Forex easy for you.
Is forex easy? Quick Tips to Make Forex Easier
1 – Is forex easy to learn for beginners?
Imagine with me if you can not drive and I asked you if driving is a difficult or easy thing, You’ll tell me, of course, it’s very difficult, but those who drive, they will find that it is very easy and will be surprised by your words!
Forex is the same thing because you have never traded before and did not stick to a strategy on the demo account for at least 3 months, and you will find trading Forex easy if you do that and will find it is difficult because you lose without using basic tools in the analysis and Risk management, and these mistakes that most of us make at the beginning (so they are natural mistakes)
How to make profits
This question needs months to answer because profit will come after learning and understanding the nature of the market well and you will realize that with time. It is not good to worry about profit at the beginning of your journey in Forex. The level you are in now is the learning level and understanding of the nature of the market. When you achieve this, you will realize how to make profits and you will find the answer is forex easy or not.
Study well
A good study of the types of analysis, for example, Smart money concept (SMC) and fundamental analysis requires at least a month To 3 months of continuous learning, That’s how you will see that making forex easy is achievable, and There are many analysis methods that may give you an answer to how to enter a trade and help you know the market trend and what will happen in the market.
Choosing the analysis method is very important to make trading forex easy for you, as it is one of the basics that you will build in order to learn Forex. You must choose the analysis method carefully and not be distracted by the different analysis methods available on the Internet. If you want my advice, one of the most famous and effective types of analysis is SMC.
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This method helps you understand the nature of the market, starting from market structure, supply and demand, and even liquidity, and how the market maker manipulates liquidity to make traders lose, by understanding these factors will make Trading forex easy and profitable over time.
Apply what you have learned and apply your strategy on the platform on a demo account, this requires you at least 3 months because the practice is completely different from the theoretical learning, That’s how you’ll find that making forex easy can become a reality.
Practice will help you get used to the market and how prices move, and your eyes will get used to these movements. Most importantly, your psychology will get used to the nature of the market in terms of loss and profit, because certainly if there is a profit in Forex, then there is also a loss, and in the event of a loss, the trader may react to it negatively or positively.
In order to pass this Level and make forex easy to trade, we do not want that to happen to you in the real account, but you must go through these levels on a demo account until you get used to these feelings.
Write down your mistakes and Remedy them every day, in order to make forex easy requires patience, perseverance, and a passion for learning, I think that this period that we talked about in learning is nothing compared to the reality of life that we live., if we assume that you will learn for a year and then you will become an analyst who can make money alone, that’s will be amazing, right? In fact, it is not difficult to reach this level, and if this is your goal, then you are definitely on the right path in Forex.
2 – Common mistakes
common mistakes
There are many mistakes that most traders fall into and that will completely change your vision of forex, in this case, you will not see forex easy at all, and you should know them To avoid falling into these mistakes on your trading journey, but be sure that there are many mistakes that the trader makes and your knowledge of them does not indicate that you will avoid them 100%, but you will be aware if you fall into such The problem and you will get out of it as soon as possible
Lack of a Trading Plan
One of the common mistakes that may hinder you in Forex is the lack of your trading plan. It is possible that after two weeks of testing the trading strategy and getting good results in testing it, you may become completely confident in the strategy and rush into trading on the real account without giving yourself the chance to understand it well before taking this step, at this point, You may think that forex easy is achievable at first.
Continuous good results in a trading strategy are great, but if you do not find any mistakes in this strategy, then you must have overlooked something because it is impossible for there to be a strategy that wins all trades and has no mistakes.
Emotional Trading
One of the biggest mistakes you may encounter in Forex is to completely ignore trading with reason and logic and use your intuition and feelings in making decisions. This feeling may control you for several reasons, including losing many trades in a short time or even winning many trades in a short time. Profits and losses affect us as human beings, of course.
If emotions control you during your trading, you will ignore your trading plan and will also ignore risk management. This feeling destroys its owner, especially in a large field such as Forex, that’s why you must Trade using your trading strategy and Stick to risk management, That’s how you will see that making Forex easy is achievable.
3 – Make it stupidly simple
This is one of the most important and biggest mistakes that the trader makes and he does not see Forex easy and simple but he complicates things for himself, so he loses constantly, this does not deny that Forex needs time to learn.
Because it is simply if the human mind preserves and assimilates the information from the first time I would tell you to start forex from your first day, but this is impossible. Most traders are constantly losing hope that they will get (Forex Secret), but there is no such thing as Forex Secret, and no one can provide it to you. the secret is the result of experience and information that you get and these things cannot be offered to anyone because they are engraved in the mind.
1 – Tools and indicators
Tools and indicators
Can making forex easy be achieved by using a lot of indicators? Among the things that make a trader see forex as a very difficult and complex thing is that whenever he sees a new indicator or tool, he learns it and adds it to his analysis, hoping that he wants to reach the full strategy that never loses. The fact is that 99% of the strategies in the market are successful and achieve profits, but the problem is The trader himself, not the strategy, if the trader understands the nature of the market, he will stick to the strategy, and if there is any defect in the strategy, he can easily modify it.
2 – Analyzes and opinions
In the beginning, your confidence in your analysis may not be sufficient, Therefore, some people turn to Forex sites or social media to obtain analyses and Signals to enter the trade,
I do not say that this is wrong, but what is the guarantee that the person you follow is a person with experience and success in forex trading? Know more about that person first and understand his analysis and signals, and take a look at his Account history. Are most of his trades profitable or not, and the best solution is that you do not rely on anyone’s analysis, and you analyze your trades by yourself and get confirmation from the analysis of others and it is preferable to follow one or two people at most to Do not get distracted by analyzes
3 – Pairs
There are many currency pairs & Brokers in the forex market, so if you want to master a strategy then work on it on one or at most 3 pairs because a large number of pairs will make you distracted and you will not understand the algorithm of the pair’s movement, so if you understand it well you will make profits continuously and this is the goal of learning, so keep understanding one pair, then you may add one more pair.
That’s how you will see that making forex easy is achievable, and if you want to increase your trades add 3 pairs and this step is for experts after you open your trade on the platform it is strongly recommended that you close the chart to not modify the trade like moving the Stop loss or Take profit, in order not to be distracted by the price or thinking of what will happen next will the trade lose or win, the best thing is to close the platform completely and return to it again after a time you have previously set an hour or two, for example.
4 – Strategy
Commitment to Strategy
Like pairs and trades, it is better to choose one strategy only to work on it and master it completely, then after you apply what you have learned in this case you may add some things to the strategy, you can do that over time and it is possible to learn a new strategy to double the rate of your entry into the market.
Top traders
Do you think top traders are complicating matters on themselves? do they see forex easy or Hard Market? Of course, they see that it is easy and they can achieve profits very easily because they have practiced this business carefully and spent their time and money to reach this level of experience and profits that they are now, but the most important question
If they were able to achieve all this success, what would stop you?
A question that you should carefully consider, are you missing anything to learn how to make profits? All you need is a computer or phone to open the platform and an internet connection only, and with time you will build the mind of a professional trader with years of experience and remember this well while you are on your way to success.
Conclusion
The concept of the word difficult is that you have not practiced this thing before or you made a mistake while you practicing it that’s why you found it difficult, but continuing to try will erase this thinking because Forex is managing your Risk, controlling feelings, and managing your strategy, That’s how you will see that making forex easy is achievable, so all these things if you do not master it, you will find forex very difficult And making a profit in this market will be impossible for you, but with continuity and learning, you will find Forex easy, but it requires a little knowledge and experience.
