August 29th, 2008

Personality And Trading Style

Much of a trader’s success has to do with his personality matching up with the trading style he chose.  No matter what the approach is you must plan your trades and trade your plans.  If not, your strategy is no better than random, and that is hardly a stable platform for long-term success. If a [...]

August 28th, 2008

O.P.L.P. Approach To Trading

Here are a couple of ideas of how to shorten the learning curve in foreign currency trading. OBSERVE the good trading habits of others.  You can get this information from some of     the following areas 1. Personal observation 2. Seminars / webinars 3. Books / magazines 4. Reconstruct trades you hear about and see [...]

August 25th, 2008

False Sense Of Security May Cost You

A trader can be in a trade that goes down but is only a little against him.  He has his stop on at a comfortable level but he knows the trade is wrong but stays in because the stop has not been hit.  Since he has not been stopped out he holds on thinking it [...]

August 22nd, 2008

How Much Of My Account Should I Risk?

When a trader first starts to trade there are many things to learn like: 1.    How to use the platform 2.    Which trading style I should use 3.    Which indicators should I use 4.    What time frames best meet my life schedule 5.    How much money should I trade with 6.    How much should I [...]

August 21st, 2008

How The Currency Market Stacks Up

I was reading an article in e-FOREX magazine.  It was talking about a survey that was taken that highlights the activity of the foreign currency market.  It said “Did you know that the market in daily Foreign Exchange volume is bigger than those of OTC Interest Rates, Us Treasuries, Us Equities and Europe, Middle East [...]

keep looking »