Big Gain, Little Gain = Big Loss, Little Loss Which Is For You?
There are forex traders that make livings by making large gains with large losses. Then there are
traders that make a living with small gains and small losses.
Which ever style a trader uses they must be aware of what they are doing and keep the size of the
wins and the size of the losses in relation [...]
Keep things in perspective (6 of 26)
This entry is part 6 of 26 in the series The Disciplined Forex TraderKeep a trade log or journal of your trades for the day or week. If you know that your biggest winner is 50 pips then do not allow a losing trade to be larger than 50 pips. If you do allow [...]
September 24th, 2008To Hedge Or Not To Hedge
When I first started trading and heard about hedging I thought it was a great idea. Since then it has been a nightmare on a few occasions until I stopped using that trading method. The only way I have been able to trade out of a hedge was when it was small, less than 20 [...]
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