May 25th, 2009

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 [...]

December 16th, 2008

Keep things in perspective (6 of 26)

Keep 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 a loss to exceed your biggest gain then, effectively, what you have when you [...]

September 24th, 2008

To 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 [...]