Meta Trader 4 Platform Quiz
Do you know what these terms mean?
Waiting for Update
Trade Context is Busy
Bid – Ask
MT4 charts are bid charts
Margin
Waiting for Update
“Waiting for Update” is a common message with a new account or when switching between a mini
and a standard accounts. There is an easy solution. Go to the Market Watch window, left click
and hold down the [...]
Is It The Market OR Are You The Problem?
Do you find yourself hesitating to pull the trigger on trades, and when you look back you say,
I could have made a lot of pips on that one if I had only.
Do you still leave trades on hoping they will come back. You know the “blowout trades”
that take all of the money you just made, [...]
How To Handle A Whip Saw Market
There is no system that can prevent the market from whipsawing. There will be times when you
will have a loss. By learning how to manage trades to minimize your losses your account can grow.
This is the way we like to take the higher probability trades. When we get a signal on
the 15 min or 30 [...]
How To Become A Smart Loser 3 of 7
If you have learned a good trading system and know the mechanics of entering and exiting trades and you
can make money on a demo account, this does not meant you have the temperament to trade successfully.
Most people can learn the mechanics of trading and talk the talk but they cannot walk the walk because
they do [...]
A Hole New World; Moving From Demo To Live Trading 2 of 7
Trading is not a natural endeavor for us. We have no basic skills or understanding of how it works when
we first start out. We have to learn from scratch. Everyone has to start somewhere. Some new traders
have the all or nothing attitude with little or no training and soon lose some of their trades. Once [...]
The Power of Observation
One of the basic skills a trader needs to possess or develop is the power of observation.
They need to become students of observation. This skill of observing things does not
just apply when you are trading and looking at charts it will carry over in to the rest
of your life.
You might say I [...]
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 [...]
Mentor’s Corner 1:2
Click Here for Part 1 If I may, allow me to verbalize my responses to your questions. 1. Get back to you on this one. 2. I have a tendency to rely upon correlating currencies too much. And, given the current volatility in the markets, correlation is a word that [...]
January 26th, 2009Mentor’s Corner 1:1
I had a marvelous morning Wednesday morning trading the New York open. Traded both the EUR and EURJPY and profited 200 pips, which took my account up to $7,000 profit since Monday night. Then, I let my emotions get to me, and the nerves set in. I went short of GBP (don’t ask [...]
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