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 [...]

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 [...]

January 20th, 2009

Small Wins vs. Large Losses

When we first start trading all of us have big dreams of how much money we will be making.  We dream of the new life we will be having.  All the places we will travel to and the things we will have.  What happens to those dreams? Many of us are so excited to get [...]

January 8th, 2009

Confidence & Control (21 of 26)

Knowing you can do it BUILDS CONFIDENCE AND CONTROL. How nice would it to be to turn on your computer in the morning knowing that if you play by the Rules, trade with discipline and stick to your methodology, the probability of a successful day is high.  Knowing that you can grow your account even [...]

December 31st, 2008

Become Good at Losing (16 of 26)

We 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 or none at all.  It means don’t get all emotional about a loss [...]

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