July 27th, 2009

Create a Stellar Trading Plan in 11 Easy Steps 1 of 12

The single most powerful trading tool on the planet is a trading plan. Now before you roll your eyes and run for the hills, let me clarify. I am not referring to an academic exercise from a book. I’m talking about a simple plan that details who you are, what you are going to do, [...]

July 24th, 2009

Discipline

Discipline is the ability to be patient – to sit on your hands until your system triggers an action point. Sometimes the price won’t reach your anticipated price point. At this time you must have the discipline to believe in your system and not to second-guess it. Discipline is also the ability to pull the [...]

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 [...]

May 15th, 2009

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, [...]

April 20th, 2009

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 [...]

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