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 losses in relation [...]
Buy 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 to decide what [...]
Some 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 than making money your [...]
Pace 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 must be a [...]
Inside 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, [...]
THE PIP AUCTION GAME
Here are 4 fail-proof ways to solve the Pip Auction Game problem, and to guarantee that
you’re not going to play it again. You have heard this before, and it’s true, but until
now you still have not lived by this rule. You should never risk more for pips than they
are worth. You should [...]
TEN: Must Have Trading Tools (10 of10)
Click here for Post Nine of ‘What Trading Really Is’ Series
A trader must see the big picture in trading to survive and prosper. If you only look at the
small time frames you are only seeing the foothills of a tall mountain. It is necessary to
look at the larger time frames and trade in [...]
NINE: Balanced Life Trading (9 of 10)
Click here for Post Eight of ‘What Trading Really Is’ Series
Trading is all about making money. If you are doing it for any other reason then you are doomed
for failure. You need to trade from good old mechanical thinking, which is a mark of a good
trader. You get a signal you make a [...]
EIGHT: Trade Less Make More (8 of 10)
Click here for Post Seven of ‘What Trading Really Is’ Series
Everyone needs to find the time of day that is best for them be it emotionally, time restraints,
or alertness (when you are not tired of fatigued). Once you find that magic time for you then
build your trading around your schedule not what works [...]
SEVEN: Call It What It Is (7 of 10)
Click here for Post Six of ‘What Trading Really Is’ Series
If you take trading seriously you will think of trading as a business. Not just a hobby, or a
way to get a quick rush, or a way to escape life’s problems, or a way of spending some of your
extra time. You can think [...]
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