One Key to Success-Planning
“Plan your work and work your plan.” I remember seeing this phrase and remembering how vital it is, especially in the forex market. It can be tempting to jump out of your game plan once in a while. If you get in a habit of trading by the cuff you will most likely lose ground [...]
January 30th, 2008Don’t Jump In All At Once
When you trade with a plan, it will be easier for you to reach some realistic goals. When you start to trade you need to focus on becoming a consistent trader and learn some good trading rules. Don’t try to make money. Learn to make pips and the money will come. Think about it-when you [...]
January 29th, 2008Don’t Become an Expert on 1 Currency Pair, Become an Expert on Indicators
Currency trading can become an addiction. We feel like we need to be in a trade all the time. So we start putting on trades with weak signals, then we have losses, lose our confidence, and become afraid to enter the market. Then we wonder why we cannot trade. Just trade with a plan, a [...]
January 28th, 2008How Long Do I Stay in a Trade?
There are two things we all must learn. How long to stay in a trade when it is going against us and how long to stay in a trade when it is going in our favor. We need a system and a set of rules that guide us on the beginning stop loss so it [...]
January 25th, 2008Developing a Sense For The Forex Market
When you trade you need the odds in your favor, just like the casinos have the odds in their favor. They know that for every dollar that comes in the door they will keep a percentage of it. It does not have to be much but over time it does add up. Just look at [...]
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