Inside The Traders Mind
Over the next few week we will give you some of our thinking about why we are all different
in our trading success.
We have been asked what kind of results will we get with your trading system, what percentages
of success will I get?
Lets look at two traders. They have the same capital, [...]
THREE: Start Out Small Then Add On (3 of 10)
Click Here for Post Two of ‘What Trading Really Is Series’
One of the biggest mistakes a trader can make is to over trade their account. They can trade
too much of their account or have two much on one trade. The more a trader puts on one trade
the more emotional energy they use. Eventually [...]
ONE: What Trading Really Is (1of 10)
When we trade properly we need to know that we are using the law of probabilities.
When you go to any gambling place you are playing with probabilities. The thing you
already know is that the probabilities are in the favor of the house. If you think
about it they have a license to print money. [...]
Be a Trade Taker Not a Trade Watcher (24 of 26)
This entry is part 24 of 26 in the series The Disciplined Forex TraderTraders can get depressed because they knew the market was going one way or another; however, they failed to enter the market. Usually the response as to why they did not put on a trade is that they were waiting to be [...]
October 1st, 2008Successful Traders Summaries
Here are some thought by some of the best stock traders. Good trading principles apply in all markets.
Also, everyone who is truly interested in Forex should read as widely as possible.
Jesse Livermore: The World’s Greatest Stock Trader by Richard Smitten
1. Don’t lose money
2. Always Establish a Stop
3. Keep Cash in reserve
4. Let the (Successful) [...]
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