Discipline - Majority of traders are not disciplined in their approach, else they would not be failing. These failed traders simply hate to hear the word Discipline!
Discipline...
Forex is Psychology, Money Management and Technique
Money management technique is twice as important as Forex trading techniques. If you rush to earn a lot of money in a short period of time, you will take larger...
Got Your Trading Style Figured Out
Everyone has a different style of trading, one that makes him comfortable. But once you pick your spot in an educated way, do something about it.
Many times the...
Maintain Your Mindset
If a trader has a positive attitude, it allows him to believe that by focusing on the process – the results will take care of themselves. This involves an element...
Mental Fitness for Traders
In your head, you beat yourself up a little because you know that when you started your “live” trading, you made an agreement with yourself to take the first 10...
The 7 Deadly Sins of Forex
George Soros is another great example of legend distorting fact. His role in Black Wednesday (September 16, 1992) is well publicized. Soros’ Quantum Fund sold short...
The Easy Way to Cut Losses
It is unlikely that your losses are attributable to a large number of small losses, far more likely that they came from a few large losing trades, i.e. trades that...
The Market as Mass Mind
When analyzing any aspect of market behavior or when puzzling as to why the market did not move as we expected, it behooves us to keep this very simple fact in...
The Secret To Emotion Forex Trading
In trading, you can’t control what the market will do. No matter how much you want the market to go in a certain direction, there is nothing you can do to make...
The Woodchuck and The Possum
There is a fundamental characteristic of unsuccessful forex traders: they trade forex because it’s exciting, cool, or for its sex appeal.
The mystery behind the...
Timely Advice From a Pro Trader
As a trader, can you admit that your trading system is just experiencing a drawdown period? Everyone, including myself, has had their trading entry system generate...
Trading In Mind
Trading is a game of probabilities. Imagine we're flipping a coin. Heads I win one dollar - tails you win one dollar. Simple.
Heads and tails will each come up...
Your Personality & Successful Trading
Trading looks deceptively simple, yet few succeed. If you read interviews with the great traders, you will perhaps be quite surprised to learn that very few are...
Risk Analysis Techniques For Traders
Many of the ideas covered in this book are already in practice by professional money managers. However, the ideas that are widespread among professional money managers...
5 Most Dangerous Problems In Forex Trading
Sitting and trading all day long, or trying to take every trade that comes along is also an almost guaranteed way to failure.
I have not met many traders who...