Five: If You Can Picture It You Can Create It (5 of 10)
Click here for Post four of ‘What Trading Really Is’ Series
By seeing a trade develop you can see in your mind a win or a loss. Self-destructive behavior
can be seen in the markets. When the price is moving in front of you, you start to anticipate
what the market will do.
When traders enter [...]
Four: Think Of Trading As Points And Percentages (4 of 10)
Click Here for Post Three of ‘What Trading Really Is Series’
We talked about the amount of risk a trader has in the market now it is time to talk about how
you feel about money. If you have a big attachment to money then it will cause a big emotional
strain when you lose some [...]
THREE: Start Out Small Then Add On (3 of 10)
Click Here for Post Two of ‘What Trading Really Is Series’
One of the biggest mistakes a trader can make is to over trade their account. They can trade
too much of their account or have two much on one trade. The more a trader puts on one trade
the more emotional energy they use. Eventually [...]
TWO: A Trading Plan, Having and Using (2 of 10)
Click Here for Post One of ‘What Trading Really Is Series’
Normal 0 Trading any of the financial markets is a one on one activity. If someone is going to do it
for you it is you. You will need to follow a trading plan and guess who, is going to [...]
ONE: What Trading Really Is (1of 10)
When we trade properly we need to know that we are using the law of probabilities.
When you go to any gambling place you are playing with probabilities. The thing you
already know is that the probabilities are in the favor of the house. If you think
about it they have a license to print money. [...]
When should I trade?
First, the day is split into several sessions. The sessions are most often measure
according to EST (GMT-5) or GMT. If you’re on the west coast of America, then you’re
dealing with PST (GMT-8).
Below are the FOREX sessions.
Session EST GMT PST
Open Tokyo 7PM 0:00 4PM Asian Session
Tokyo Close 4AM 9:00 [...]
Proper Self Evaluation
A trader can talk about what it takes to become a good trader but that is not enough.
A trader has to be able to give himself or herself a good assessment of what he is
doing right and wrong. A trader not only needs to know how to trade his system he
needs to [...]
Failure To Cut Losses Or Take Profits
When a trader can’t pull the trigger to get into or out of a trade it is because
they don’t fully understand what it take to be a successful trader. A trader is
gong to lose but he needs to win more than he loses and have the wins larger then
the losses. The object is to have [...]
Answer To Trader Question #9
Question:
Using Jump Start about how much time would I have to dedicate on a daily basis to achieve 25 to 30 pips per day (and thus make my daily goal of $100 to $150 per day).
Answer:
This depends on how the market is moving and how many currency pairs you are watching. If you are only [...]
Answer To A Traders Question # 8
Question:
What is the learning curve for your strategy? From learning, to practicing, to live trading?
Answer:
When you decide to trade for a living the learning never stops. For each level of our system the learning curve is different for every one. For Jump Start you should only need a few days to a couple of weeks [...]
Social Links
