• Get Immediate Access to an Exclusive FREE Forex Trading Strategy

    With this simple strategy you’ll learn how to make $25-$300 Per Day!

    Nothing to BUY, just FREE Pip-Getting Forex Trading Advice.

    Enter your information at the right for instant access to Jump Start today.
  • "Great strategy!! With Jump Start I learned the basics of forex trading I knew nothing about forex trading before 2 weeks and with this strategy im getting more than 30 pips a day. Excellent work guys i’m a fan!!!!!"
    --Jay
  •  
    Your Name*
    First & Last Name
    E-Mail Address*
    Choose Username*
    Choose Password*
    Must be 4 or more characters
    Confirm Password*
    Enter password again
     
     
    Note: We respect your privacy and your email address will not be shared or sold.


O.P.L.P. Approach To Trading

Written by forex | one
Topics: Inside The Trader's Mind, Planning A Trading Career, The Disciplined Forex Trader, Trading Strategies

Here are a couple of ideas of how to shorten the learning curve in foreign currency trading.
OBSERVE the good trading habits of others.  You can get this information from some of     the following areas

1. Personal observation
2. Seminars / webinars
3. Books / magazines
4. Reconstruct trades you hear about and see what the market was saying when the
trade was opened.

PRACTICE What you have learned from your observations

1. Simulated trading
2. Demo trading
3. Visualization trading
4. Live trading

LEARN figure out what you learned from you observations and practicing.  Internalize the things you like and have worked for you.

PROTECT YOUR SELF at all times

1. By placing stops on all trades
2. By using good money management practices
3. Continuing to study
4. Getting control of emotions and greed.
5. Trusting your indicators
6.  By following a trading plan.

O= Observe
P= Practice
L= Learn
P= Protect yourself

August 28th, 2008
Tagged With , , , ,

Comments

One Response to “O.P.L.P. Approach To Trading”

  1. vince on January 26th, 2009 10:55 pm

    i like oplp thats good stuff

Leave a Reply