George Hutton offers the following royalty-free article for you to publish online or in print. Feel free to use this article in your newsletter, website, ezine, blog, or forum. ----------- PUBLICATION GUIDELINES - You have permission to publish this article for free providing the "About the Author" box is included in its entirety. - Do not post/reprint this article in any site or publication that contains hate, violence, porn, warez, or supports illegal activity. - Do not use this article in violation of the US CAN-SPAM Act. If sent by email, this article must be delivered to opt-in subscribers only. - If you publish this article in a format that supports linking, please ensure that all URLs and email addresses are active links. - Please send a copy of the publication, or an email indicating the URL to [email protected] - Article Marketer (www.ArticleMarketer.com) has distributed this article on behalf of the author. Article Marketer does not own this article, please respect the author's copyright and publication guidelines. If you do not agree to these terms, please do not use this article. ----------- Article Title: Two Powerful Rules To Easily Achieve Consistent Forex Profits Author: George Hutton Category: Currency Trading, Investing, Wealth Building Word Count: 525 Keywords: mini forex, forex signal trading, learn forex trading, forex mini, managed forex, George Hutton Author's Email Address: [email protected] Article Source: http://www.articlemarketer.com ------------------ ARTICLE START ------------------
The Forex markets are without a doubt, the easiest, most lucrative, and quickest way around today to build enormous wealth that will last you a lifetime. And when you discover how easy it is to consistently make profits in the Forex market, you'll be asking yourself what took you so long to uncover this virtual avalanche of wealth. DISCLAIMER: The Forex market is extremely dangerous, and you could easily lose everything, (and I mean everything) if you aren't careful. Despite the gargantuan capabilities for the Forex market to consistently deliver gigantic sums of money, it's far from automatic. You actually have to make some tough decisions, and stick by them. Which is likely the biggest cause for failure in currency markets. Due to the two most troublesome emotions known to man, greed and fear, many have lost everything, and quickly. It goes like this. Somebody buys a product, or signs up at a brokerage. After watching the charts, or the numbers fluctuate, his greed causes him to imagine trading at exactly the right points, getting in and out perfectly, every time. But then when he actually commits some real money, the greed mysteriously evaporates and is replaced by mortal fear. If the price goes down, he is afraid to get out for fear of the market suddenly shooting up. If the prices go up, he stays in too long, for fear of missing out on even more money. It only takes a few trades before these two emotions transform into a horrible anxiety regarding the markets. Soon he loses everything, and if anybody asks him how he did, in order to protect his ego, he mumbles one of the most propagated myths of Forex: "Oh, Forex? Everybody knows that's a scam!" Sorry buddy, I hate to break it to you, but it's not a scam, you just jumped in without knowing what you were doing, and let your primal emotions lead you to ruin. There is a better way. It does require mastering your emotions. If you can imagine trading like Mr. Spock from Star Trek (either one if you've seen the recent movie) then you are halfway there. The key is to set a solid, unbreakable rule of when you will get out if a trade goes south on you. Personally, I stick with five percent. Some others go even tighter, at three, or even two percent. Once you are down that much, get, no matter what. On the other side is protecting your profits. Decide BEFORE you enter into a trade when you will get out, regardless. Again, I shoot for twenty five percent. Other traders I know shoot for higher, some fifty or even a hundred percent. The trick is to get out at your predetermined points regardless of any gut "feeling" you may have. When you obey these solid rules, you can make one profitable trade out of four and still make money. Of course, you'll need to deal with your ego. Telling your friends you're only batting .250 instead of .500 or higher doesn't feel too great. But when you are in it for the money, and only the money, it's hard not so succeed when you have solid rules. Taking the first step is sometimes the hardest for some. Because you can imagine what it will be like when you become successful, you can take advantage of this opportunity. You'll find out just how easy that is when you visit http://www.georgehutton.net/forex ------------------ ARTICLE END ------------------ [Non-text portions of this message have been removed]
