March 31st, 2008

An Evening Forex Trade

This video was about a conversation I had with another trader. After talking to him I looked at my charts on the longer time frames and could see that it would be best to wait for better signals before entering a trade. When the whole picture unfolded you can see what happened.

March 28th, 2008

Emotional Balance

Have you ever eaten so much of your favorite food that you were sick?  Have you ever participated in your favorite activity for so long you needed a break?  Have you ever been away from home for so long you couldn’t wait until you could get home?  The point is we all should keep balance [...]

March 27th, 2008

Should I “Buy And Hold” A Trade Or Not

To buy and hold a mutual fund, stocks, or bonds is a common practice. To buy and hold a currency is not as common even though it can be done. When a trader or investor buys and hold, they are usually looking for more than one type of income. Not only the appreciation of the [...]

March 26th, 2008

Timing Is Crucial

We talk a lot about trading in the direction of the trend on the 4-hour chart. That is still one of the key elements of successful trading. It is not only important to follow the trend but you should be aware of a strong trend vs. a weak trend. This can be accomplished in part [...]

March 25th, 2008

Controling Risk

Some people say you should not risk any more than 2 percent of your account on any one trade, while others say between 3-4% is max. One thing is for sure, you should be conservative. We feel you should never risk any more than 5 percent of your account on any one trade. We also [...]

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