December 3rd, 2009

A Traders Focus

Have you stopped lately and thought back as to why you are trading. Or do you need
to stop and figure out why you want to get into trading in the first place? Is it
to build capital or is it to trade full time to replace your income, or for some extra
income? WHY [...]

November 17th, 2009

Answer To A Question # 17

Question:
Your site looks great and seems very informative. I was wondering what the difference is between
the Jump Start and Launch pad system that costs money? I’m sure there is value in spending the
money on the system, I am just looking for some more details. Also, can you map out an average
day for [...]

April 1st, 2009

Currency Trading Insurance

Here are some examples of Currency Trading Insurances:
1. Use a stop Loss
2. Only trading a small set % or your account 1%, 2%, 3%, 5% on any one trade
3. Only trading a total amount of your account at any one time. 5%, 10% … your choice
4. Keeping the Margin level % above 1000%
    (you chose the level of [...]

March 31st, 2009

Answer To A Traders Question #7

Question:
 How much starting capital do I need to trade with (can I start with a small amount and work my way up)?
Answer:
There are several schools of thought on this.  Some say you have to have at least $10,000 to start and it would be better if you have over $25,000.  You should trade with a [...]

March 6th, 2009

Market Structure

Click Here for Previous Post …
This article is a continuation from a previous post from Darkstar at Forex Factory
Market Structure:
Now that we have established why the market exists, let’s take a look at how the transactions are facilitated:
The top tier of the Forex market is transacted on what is collectively known as [...]

January 12th, 2009

Be a Trading Machine (23 of 26)

This entry is part 23 of 26 in the series The Disciplined Forex TraderIf you have ever been around or seen manufacturing you know that the machines do the same thing all day long over and over again.  Each machine is good at what it does and if you ask a filling machine to put [...]

January 6th, 2009

The Money Pile (19 of 26)

This entry is part 19 of 26 in the series The Disciplined Forex TraderMake a little bit everyday.  Make a pile of money.  Don’t and make a money pit.
When you can do this illustration in a demo account then start trading live.
Lets take a $1000 account for example:
Make $5 a day for 250 days a [...]

December 31st, 2008

Become Good at Losing (16 of 26)

This entry is part 16 of 26 in the series The Disciplined Forex TraderWe get a lot of questions and comments about what this means.  You should know by now that you will lose sometimes when trading.  That does not mean you will lose all of your account unless you use poor money management techniques [...]

December 30th, 2008

Speculators Always Lose (15 of 26)

This entry is part 15 of 26 in the series The Disciplined Forex TraderI have never met a successful speculator. It is impossible to speculate and consistently have large wins. Don’t be a speculator. Be a trader.
Trading in the direction of the trend on a 1 hr or 4 hr chart is always a good [...]

December 29th, 2008

Don’t Worry About the News (14 of 26)

This entry is part 14 of 26 in the series The Disciplined Forex TraderDon’t worry about the news by the time you read it, it is history. Early in my trading career I was told to not listen to and TV or radio financial news.  Stop reading Magazines, and newspapers about the financial markets.  [...]

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