Sit Around and Get Paid For It?
Getting paid to wait is a wonderful thing. When a person can control the urge to place a trade the possibilities of making a larger number of pips is greatly increased. Patience is important not only in waiting for the right trades, but also in staying with trades that are working. I hear traders say, [...]
January 29th, 2008Don’t Become an Expert on 1 Currency Pair, Become an Expert on Indicators
Currency trading can become an addiction. We feel like we need to be in a trade all the time. So we start putting on trades with weak signals, then we have losses, lose our confidence, and become afraid to enter the market. Then we wonder why we cannot trade. Just trade with a plan, a [...]
January 2nd, 2008If A Sell Signal Fails, It Becomes a Buy Signal
Likewise, If a Buy Signal Fails, it becomes a Sell Signal. A signal that says get out of the market is a potential signal to enter the market going in the other direction. To do this you need to be able to read entry and exit signals as well as know when it is the [...]
December 27th, 2007Don’t Try to Guess the Market, Use Indicators
I have seen many people make a lot of money when the market is trending. Then, when the market is consolidating or doing a retracement, they give it all back. You need to find some indicators that tell you when to get in to a trade and when to get out. Once you have some [...]
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