http://www.forexstrategysecrets.com Fri, 09 Jan 2009 20:26:13 +0000 http://backend.userland.com/rss092 en We hear all the time that a trade should be scaled out of by one half when you reach a profit target then set your stop loss to break even on the remaining portion of the trade and let it run to see if it will make more money.  By ... http://www.forexstrategysecrets.com/blog/know-when-to-hold-em-know-when-to-fold-em-22-of-26.htm Knowing you can do it BUILDS CONFIDENCE AND CONTROL. How nice would it to be to turn on your computer in the morning knowing that if you play by the Rules, trade with discipline and stick to your methodology, the probability of a successful day is high.  Knowing that you can grow ... http://www.forexstrategysecrets.com/blog/confidence-and-control-21-of-26.htm Make a little bit everyday.  Make a pile of money.  Don’t and make a money pit. When you can do this illustration in a demo account then start trading live. Lets take a $1000 account for example: Make $5 a day for 250 days a year = $1250      .005% per day Make $10 ... http://www.forexstrategysecrets.com/blog/the-money-pile-19-of-26.htm You can determine that you will get out of a trade before a news announcement or you will not carry a trade over a weekend.  These are good ideas if you are in a trade that is going against the trend.  Many times the market will move because of news, ... http://www.forexstrategysecrets.com/blog/use-time-to-monitor-the-loss-of-a-trade-17-of-26-and-a-new-years-deal.htm Its the start of a new year, the beginning of new possiblities and resolutions. We wanted to be one of the first to say 'Welcome to the New Year!' and we wanted to do it with a bang! Below is a coupon code to buy Launch Pad at 50% off!!! ... http://www.forexstrategysecrets.com/blog/amazing-coupon-code-to-bring-in-the-new-year.htm We get a lot of questions and comments about what this means.  You should know by now that you will lose sometimes when trading.  That does not mean you will lose all of your account unless you use poor money management techniques or none at all.  It means don’t get ... http://www.forexstrategysecrets.com/blog/become-good-at-losing.htm I have never met a successful speculator. It is impossible to speculate and consistently have large wins. Don’t be a speculator. Be a trader. Trading in the direction of the trend on a 1 hr or 4 hr chart is always a good way to trade.  Use good money management techniques ... http://www.forexstrategysecrets.com/blog/speculators-always-lose-15-of-26.htm Don’t worry about the news by the time you read it, it is history. Early in my trading career I was told to not listen to and TV or radio financial news.  Stop reading Magazines, and newspapers about the financial markets.  Learn to trade with what the market is give.  Trade ... http://www.forexstrategysecrets.com/blog/don%e2%80%99t-worry-about-the-news-14-of-26.htm If you think about it if you are praying for a trade to go one way there are others praying for it to go the other way. So the divine intervention you are seeking never seems to materialize.  If you are using the praying method of trading you are not ... http://www.forexstrategysecrets.com/blog/don%e2%80%99t-turn-your-trades-into-religious-trades-13-of-26.htm The first loss is usually the smallest and least painful. When you know that the trade is no good it is best to get out ASAP, do not hesitate or delay or try to think It through just close the trade.  It has been said that it is never a loser ... http://www.forexstrategysecrets.com/blog/the-first-loss-12-of-26.htm