Big Gain, Little Gain = Big Loss, Little Loss Which Is For You?
There are forex traders that make livings by making large gains with large losses. Then there are traders that make a living with small gains and small losses. Which ever style a trader uses they must be aware of what they are doing and keep the size of the wins and the size of the [...]
May 22nd, 2009Buy Into Motion = Chasing A Trade
When a trader sees the market take off, then decides to place a trade, just because the market moved a little bit in one direction or another he/she is chasing a trade thus buying into motion. Never buy into motion. The reason is you see the motion, get excited, enter a position, and then try [...]
May 20th, 2009Some Things Successful Traders Posses
1. They have a trading method or system 2. They have a set of rules for when to get in and out of the market. 3. They have discipline to follow through with these rules Trading is about making money, not about being correct in market analysis. If you are trading for any other reason [...]
May 18th, 2009Pace The Race
When each of us starts trading we all want to make our fortune right away. But we soon find out that there are some things we need to learn and master first. It might be technical analysis, gaining control of our emotions, or developing discipline. Trading is a journey. It cannot be a hobby it [...]
May 15th, 2009Inside The Traders Mind
Over the next few week 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? Lets look at two traders. They have the same capital, [...]
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