3. Identify your remarkable strengths. 3 of 12
This entry is part 3 of 8 in the series Create Trading PlanAs part of you trading plan you should find out your win-loss ratio. This can be done by using the “Trade Tracker”.
When you purchase launch Pad you will find the “Trade Tracker” as one of the tools. By tracking groups of
say 20 trades [...]
2. Define your ideal trade. 2 of 12
This entry is part 2 of 8 in the series Create Trading PlanNew traders try to learn how to do everything and never become good at anything. You must narrow your trading
focus to grow. Look at your current personal schedule. What time do you have available to trade? Why are you
trading in the first place? [...]
Create a Stellar Trading Plan in 11 Easy Steps 1 of 12
This entry is part 1 of 8 in the series Create Trading PlanThe 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 [...]
Some Things Successful Traders Posses
1. They have a trading method or system
2. They have a set of rules for when to get in and out of the market.
3. They have discipline to follow through with these rules
Trading is about making money, not about being correct in market analysis. If you are trading for
any other reason than making money your [...]
Pace The Race
When each of us starts trading we all want to make our fortune right away. But we soon find out
that there are some things we need to learn and master first. It might be technical analysis,
gaining control of our emotions, or developing discipline.
Trading is a journey. It cannot be a hobby it must be a [...]
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, [...]
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. [...]
Why You May Fail Going From Demo to Real
I read this article and totally agree. I thought it provide some unique insight that would be beneficial. It was written by Trader V I found it on ForexFactory.com. I do not know his real name. The post is in his words.
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I posted this in another thread and many thought it was valuable information and [...]
Does A Trader Need To Learn To Trade?
I was talking to a trader that was following a trading system that only teaches to buy a couple of currencies and hold. When one currency goes up the other is supposed to come down keeping them in correlation. This way you would have a hedge on your trades and you would not lose money [...]
September 4th, 2008You Win Some And You Lose Some
You will win some and you will lose some it’s a fact of life for traders:
There are several things that contribute to you winning more than you lose. The most important would be knowledge of the market and being able to control your emotions. The market goes up and down because of human fear and [...]
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