Mentor’s Corner 1:2
Click Here for Part 1 If I may, allow me to verbalize my responses to your questions. 1. Get back to you on this one. 2. I have a tendency to rely upon correlating currencies too much. And, given the current volatility in the markets, correlation is a word that [...]
January 28th, 2009Trade Journal Entry
This week has been a productive trading week. I have been spot on in my trades. I am up in all of my accounts for the week by the follow percentages: (1) 3%, (3) 5%, (1) 13%, (1) 23%. It is Friday morning and I have been at the computer for a little over [...]
January 26th, 2009Mentor’s Corner 1:1
I had a marvelous morning Wednesday morning trading the New York open. Traded both the EUR and EURJPY and profited 200 pips, which took my account up to $7,000 profit since Monday night. Then, I let my emotions get to me, and the nerves set in. I went short of GBP (don’t ask [...]
January 23rd, 2009For Those Who Haven’t Heard
We just thought today that people reading this blog may not know that we offer courses as well. We thought it might be a good idea to throw up a short little blurb about our free course so everyone can be aware of all the resources we offer.
If anyone reading this blog still hasn’t signed [...]
When The Lights Go On
For a couple of years my wife has wanted to learn how to trade. I showed her the platform and how to open demo accounts, and place trades in a demo account. I then suggested that she go to babypips.com and read about the market. I showed her the Launch Pad Trading system and she [...]
January 21st, 2009Volatility And Wider Spreads
In this article you will find an explanation of why we see volatility and wider spreads in the market. Portions of this article were written by Brandon Butler, A trade specialist for Interbankfx. 10/31/2008
The credit and stock markets have been boiling over with activity recently, and especially over the past few days. This volatility is [...]
Small Wins vs. Large Losses
When we first start trading all of us have big dreams of how much money we will be making. We dream of the new life we will be having. All the places we will travel to and the things we will have. What happens to those dreams?
Many of us are so excited to get started [...]
Setting And Accomplishing Realistic Goals
We have all probably heard of the trader who turned $10,000 into over $1,000,000 in one year. Well it has been done but do you really believe you can do it? You’ve also probably seen the ads and websites, which claim big returns with minimal work. Ask yourself, is this the norm or is it [...]
January 15th, 2009The Market Does Not Care If We Win Or Lose (26 of 26)
This entry is part 26 of 26 in the series The Disciplined Forex TraderThe market will move up, down, and sideways. It does not care about any one trader or any one institution. It does not show favoritism in any one direction it just goes up and down just like it should do. It does [...]
January 14th, 2009The Market Thinks All Traders Are The Same (25 of 26)
This entry is part 25 of 26 in the series The Disciplined Forex TraderEach day when we start to trade we have a chance to win or lose. The deterring factor is how we play the game. How we have prepared ourselves physically, mentally, and emotionally. Did we sleep well, did we eat well, and [...]
keep looking »Social Links
