Is There Such a Thing as Easy Forex?

DailyForex.com Team

When we all start out trading the FX markets, we believe that it is going to be some kind of easy journey to massive wealth. We might imagine that we are sitting on a beach with their toes in the sand, while clicking a few buttons on a laptop in order to make thousands of dollars. The truth is that Forex doesn't work that way. While it doesn't have to be the most difficult thing on the planet, it certainly seems that way at times. But the truth is that's Forex trading doesn't need to be any more difficult than you choose to make it.

Don't get me wrong, trading Forex always takes work - but many traders tend to over complicate things and therefore make Forex trading much more stressful than is necessary. This is human nature as we have a fear of losing built in. That being said, it's important to know that it is possible to have a somewhat easy Forex trading experience (and I don't necessarily mean by using Easy Forex!).

From experience, about the best way to make Forex trading easy is to simply trade longer time frames. The idea that you can out scalp trading firms like Goldman Sachs, J.P. Morgan, or Deutsche Bank is absolutely ridiculous. If given the chance, you will find that the larger time frames are much less stressful. However, you should be warned that they are not exactly exciting.

When trading a longer timeframe, you have the ability to get up and walk away from the computer. Remember when you had those dreams of financial freedom and wealth? What were you thinking about at that point in time? I am sure that it wasn't sitting at the computer, sweating bullets and hoping that a trade goes in your particular direction. It was about freedom in general. By trading longer time frames, you can place your trade and simply walk away. You might need to check your trades on a daily basis, or for some people on a weekly basis.

One of the best things that I have ever read on the Internet was from a woman who stated "Trade to live, not live to trade". I believe that this is probably the best advice I have ever received, as it really puts things in perspective when it comes to trading any financial market. The idea is to make money, not punish yourself. By trading extreme a short time frames, you run the risk of doing just that - punishing yourself.

Is there any way to have an entirely easy Forex experience? Not really. But what you can do is alleviate a lot of the stress, by simply trying not to over complicate the whole thing. The other thing you can do is to simply focus on your life, not the markets. This is easily accomplished when you trade longer-term charts. By avoiding the high pressure and stress of shorter term trading, you will find that Forex is in fact easier - just not easy.

DailyForex.com Team
The DailyForex.com team is comprised of analysts and researchers from around the world who watch the market throughout the day to provide you with unique perspectives and helpful analysis that can help improve your Forex trading.

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