July 17th, 2008

Inside The Trader’s Mind

Over the next couple of weeks we will give you some of our thinking about why we are all different in our trading success.
We have been asked what kind of results will we get with your trading system, what percentages of success will I get?
Let’s look at two traders.  They have the same capital, [...]

July 16th, 2008

Prepare For Success

While on vacation over the 4th of July 2008 we visited Mt. Rushmore, South Dakota in the black hills. You know the place with the sculptures of the presidents of the USA. As we learned about what it took to make this monument I was amazed. It took years of work for many men.
[...]

July 15th, 2008

A Change Is As Good As A Rest

I have had a few days away from trading. The time has been spent with family and just traveling around the country. We are in Wisconsin right now actually and I thought I would check some email and glance at the charts for a little bit. I had a trade on and was taken out [...]

July 14th, 2008

The Easy Way To Monitor A Trade

When a trader makes a trade he should always monitor the trade no matter how long he is going to keep the trade on.   To monitor a trade easily it is best done on time frames higher than those in which he normally trades.  A trader can see a trade more clearly when [...]

July 11th, 2008

Time Conversions

We get asked all the time about converting times, trading times, and market hours.
Here are two sites to help with GMT conversions and FX market hours:
www.timeanddate.com (see the ‘World Clock’ function)
www.forexmarkethours.com
Hope you enjoy and find a use for these two sites.
Jed

July 3rd, 2008

The Excitement of a Flat Market

We have heard many complaints from traders about the market being flat, the market is dead etc. Is that the real problem or is it that traders do not know what to look for when the market is going sideways?
For new traders it is soon learned that sideways markets are great set ups for [...]

July 2nd, 2008

Is It Okay To Take A Day Off From Trading?

Here are a few reasons when it is unwise to trade With Real Money
1. When the market is moving sideways and there is no real movement of any importance.
2. When you are ill.
3. When you are tired
4. When you are emotionally distracted with [...]

July 1st, 2008

The Smart Way to Lose a Forex Trade

We have seen over the years traders will trade without a stop loss for fear of a small loss.  When the market turns against them they let it run in the wrong direction rather than getting into the trade and trade with the move.  Their total focus is set on wishing the market would turn [...]

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