July 31st, 2009

3. Identify your remarkable strengths. 3 of 12

This entry is part 3 of 8 in the series Create Trading PlanAs part of you trading plan you should find out your win-loss ratio.  This can be done by using the “Trade Tracker”.
When you purchase launch Pad you will find the “Trade Tracker” as one of the tools.  By tracking groups of
say 20 trades [...]

July 29th, 2009

2. Define your ideal trade. 2 of 12

This entry is part 2 of 8 in the series Create Trading PlanNew traders try to learn how to do everything and never become good at anything.  You must narrow your trading
focus to grow.  Look at your current personal schedule.  What time do you have available to trade?  Why are you
trading in the first place?  [...]

July 27th, 2009

Create a Stellar Trading Plan in 11 Easy Steps 1 of 12

This entry is part 1 of 8 in the series Create Trading PlanThe single most powerful trading tool on the planet is a trading plan. Now before you roll your eyes and run for
the hills, let me clarify. I am not referring to an academic exercise from a book.
I’m talking about a simple plan that [...]

July 24th, 2009

Discipline

Discipline is the ability to be patient – to sit on your hands until your system triggers an action point.
Sometimes the price won’t reach your anticipated price point. At this time you must have the discipline to
believe in your system and not to second-guess it. Discipline is also the ability to pull the [...]

July 22nd, 2009

Objectivity

Objectivity or "emotional detachment" also depends on the reliability of your system or methodology. If you have a
system that provides entry and exit levels that you know have a high reliability factor, then you don’t need to
become emotional or allow yourself to be influenced by the opinion of others and outside sources who [...]

July 20th, 2009

Realistic Expectations

We have all heard of the get rich quick advertisements or the stories about people that made millions in a short
period of time trading the foreign currency market.  Taking this information seriously will cause you heart burn
when it does not happen to you. 
Everyone has to learn how to trade and it does not happen overnight.  [...]

July 17th, 2009

Patience

Once you know what to expect from your system, you must have the patience to wait for the price to reach the
levels that your system indicates for either the point of entry or exit. While you are waiting for the indicators
to give you the entry sign you can look at other currencies and [...]

July 15th, 2009

MT4 Trading Platform Quick Tips #1

This entry is part 1 of 15 in the series Meta Trader 4 TipsThis is a tip on the trading platform that shows how to get a full screen view of the charts then go back to a view with the Market Watch, Navigator, and Terminal on the view.  You can also just add one [...]

July 13th, 2009

MT4 Trading Platform Quick Tips #2

This entry is part 2 of 15 in the series Meta Trader 4 TipsThis is a fun feature if you would like to have some HOTKEYS to do things faster.
Go to the Navigator Box, right click, from the drop down menu, select “set hotkeys”

July 10th, 2009

MT4 Trading Platform Quick Tips #3

This entry is part 3 of 15 in the series Meta Trader 4 TipsIf you need more space on your trading platform and still need to monitor your trades you can use the following tool.
A double click with the left mouse button on the “Terminal” window title bar will minimize it to the bar of [...]

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