September 9th, 2008

Does A Trader Need To Learn To Trade?

I was talking to a trader that was following a trading system that only teaches to buy a couple of currencies and hold. When one currency goes up the other is supposed to come down keeping them in correlation. This way you would have a hedge on your trades and you would not lose money [...]

September 5th, 2008

Another Way To Stay In Control

I once heard a trader say that after he made some money in his account he would take out the original investment.  Then he was only playing with money he didn’t originally have making the losses not hurt as much.  It became easier to make money because he had taken the pressure off himself. By [...]

September 3rd, 2008

When You Should Go Back To Demo Trading

I just read an interesting article about when to stop trading live and go back to demo trading. Go to demo when you have lost 9% of your account.  Trade on the demo account one week for every 2% of your account that you lost.  We all know that it is better to have some [...]

September 2nd, 2008

Traders Don’t Change Because… Traders Can Change If…

I came across a couple of quotes I want to share with you: “Wall Street never changes, the pockets change, the suckers change, the stocks change, but Wall Street never changes, because human nature never changes” Jesse Livermore “In order to make a success, the trader must act in a way to overcome the weak [...]

September 1st, 2008

The Top News Announcements You Should Be Aware Of

At the time of these announcements there is a high probability that the market will make a significant move.  We do not trade the news, but we do trade after the news has been announced and when an entry signal appears. Consumer Price Index for the USA USA Non-Farm Payrolls USA New Home sales USA [...]

« go back — keep looking »