The 5 Steps to becoming a trader
This is an article I ran across a little while ago and I would like to post it here for you to read because I found it describe the journey of a trader very accurately. Unfortunately somewhere between this blog and where I found the article I lost the name of the author. I would [...]
October 16th, 2008Things That May Block Your Trading Success
Here are some reasons why traders lose in the currency market: 1.Traders allow their emotions, greed, hope and assumption to take over their trading. This is probably the most difficult thing for a trader to do is to eliminate those things while in the Forex business. 2. Lack of Education. One of the [...]
October 15th, 2008The Death Of A Bad Trade
We have all had bad trades. We are sure that we are not the only traders that have suffered some grief from a trade that went wrong. At least in the beginning of our trading careers before we gained control of our emotions and learn to follow our trading rules. The following is an attempt [...]
October 14th, 2008Check Your Motive For Trading
The following is an article by Norman Hallett of Subconscious Training Corporation, it is about why we are or want to be traders. There are some very thought provoking questions asked. We would suggest that you ask yourself these questions. It should help you with your trading plan and how you approach the market.
Why do [...]
38 steps to becoming a trader
We found this post at Forexfactory.com from a member named Neers. We thought it was kind of fun to see where you are in the trading process. When you read this leave a comment as to where you are a
Enjoy the post!
They are as follows:
1. We accumulate information – buying books, going to seminars and [...]
“Ham and Eggs: A days work for a chicken, a life lost commitment for a pig.”
For the record I love ham and eggs. This is not a plea for pita. I saw this quote and had Awe ha! Moment, I wanted to share.
Let me ask a personal question. How do you trade? Like a pig or like a chicken? A pig trader is one who jumps into the market unaware [...]
What Size Of A Demo Account Should I Practice With?
I was speaking with a good friend the other day; about demo trading versus live trading, and how to make the transition smooth. He mentioned that he had not yet started trading live, and that he had been offered by a broker a free demo account with an initial balance of fifty thousand dollars. He [...]
October 8th, 2008Learning To Trade: Step-By-Step Or Mistake-By-Mistake
I am guessing that we all have clicked and hoped. Then we clicked again and hoped some more. We have entered trades not knowing what we were doing, having no clue, which way the market was going, or even how to determine which way it was headed. These are frustrating times as [...]
October 7th, 2008Control
It is interesting how having control of something increases our confidence. When we feel that we do not have control over the market our confidence is lessened. The big mistake is in trying to feel that we can control the market. The best way to get rid of the market control [...]
October 6th, 2008Cool Trading Tools
IBFX-Trade Analyzer
We came across this very helpful tool. It will only work if you have a live account with Interbankfx. We are not promoting IBFX but if you use this brokerage firm this is a cool tool. Just for your information and enjoyment.
What is IBFX-Trade Analyzer?
Many traders measure their results based solely [...]
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