April 2nd, 2009

Pulling The Trigger To Exit A Trade

We have all had trades where we did everything right, we entered based on good signals, our stops were placed, we new how we were going to exit the trade at a profit, the trade started out positive then turned and headed against us.  In order to follow our trading rules we watch the trade [...]

November 20th, 2008

Knowing When To Stop Trading

If you talk to enough traders you will find that most traders can make money in the currency market.  The big issue is that most traders cannot keep what they make.  We might think it would be easy to hang onto the money because we made the money while trading but as we all know [...]

November 14th, 2008

Part 2 of 2

This is the second part of a great article we introduced yesterday about your emotions and the psychology of trading. Sometimes not trading is the best trade of all. Read on. The GotForex Weekly Newsletter by Rob Booker Are you currently experiencing unusually large gains? Here are some thoughts. There is nothing quite like the [...]

November 12th, 2008

Part 1 of 2

This is a great article about your emotions and the psychology of trading. Sometimes not trading is the best trade of all. Read on. The GotForex Weekly Newsletter by Rob Booker Trading currency is risky. You can sustain the total loss of your trading capital. In the midst of one of the most volatile periods [...]

August 6th, 2008

Not Using A Stop Loss Mind Set

When a trader sets a stop loss they have pre determined how much they are willing to loose on a trade. They are exercising good money management. Hopefully looking at this one trade as one of many and only part of their trading system. When a trader does not set a stop loss, the way [...]