27th February 2008
Many times new forex traders who have done well in a demo account open up a live account and things start to fall apart. Having real money on the line is very different emotionally than trading pretend money.
When losing in a live account, every pip c...
31st January 2008
It happens almost every time the market reacts to a scheduled news release. New traders get caught off guard as they are unaware of what is coming. Since I work with new traders as an instructor of the FX Power Courses offered by FXCM, I always get emai...
24th January 2008
I have seen many new a href="http://www.fxcm.com">forex traders who while looking for at least 20 pips a day, end up losing big in an effort to reach this plateau. The problem is that the market environment changes to the point where there are many days w...
18th January 2008
While we recommend traders always use a protective stop when in a trade, identifying that stop level can be a daunting task for new traders.
One thing we do not recommend is using a fixed amount to risk on each of your trades. An example would be risk...
