April 6th, 2009

Pulling The Trigger To Enter A Trade

A trader may have a problem pulling the trigger to enter a trade for several reasons.  One they are not confident enough with their analysis.  Two they have not done enough demo trading to see the results of a trade.  This is part of the over 100 trades that need to be done in order [...]

March 16th, 2009

Chasing Trades or Timing Your Entries

We have discussed that trading in the direction of the trend will give you the best trades and chances for success.  Even if you know which way the trend is going you should not just jump into a trade.  The market will not go in one direction forever it will make some corrections or retracements [...]

December 2nd, 2008

8 of 10: “A Go-for-Broke” Attitude

Awareness # 7- “A Go-for-Broke” Attitude Demo trading can be fun and we believe it definitely has its place when you are learning to trade the Forex markets. It’s also appropriate when practicing your entry and exit signals. BUT trading forex in a demo account is NOT a video game where the entire purpose is [...]

November 21st, 2008

Trade Journal Entry 11-21-08

This week has been a productive trading week.  I have been spot on in my trades.  I am up in all of my accounts for the week by the follow percentages:    (1) 3%, (3) 5%, (1) 13%, (1) 23%. It is Friday morning and I have been at the computer for a little over 30 [...]

August 7th, 2008

Reasons To Enter And Reasons To Exit Trades

We all have reason why we enter and exit trades.  But what if the market has changed and the reasons are no longer valid as to why we entered a trade.  The best line of thinking we have found is: once the reasons have changed as to why you got into a trade it is [...]