26th January 2008
Forex traders often suffer from losses. If you’ve been live trading or even demo trading, you’ll more often than not find yourself losing more than 50% of the time. But losing half the time in itself is not necessarily a bad thing. The problem is that...
25th January 2008
Forex trading is a risky activity, and many traders are often misled into making the same trading mistakes over and over again. In this short article, I’ll share with you 2 of the biggest mistakes that traders often make.
Mistake #1: Using Too Many ...
25th January 2008
There are not many people in the World that actually make money in Forex trading. However among these profitable traders, there are a variety of different trading methodologies that they use. It is thus important for a new trader to first choose the type ...
25th January 2008
Profitable Forex trading is not easy. In this article, I will share with you 2 more tips that have helped change my mindset about trading for the better.
Tip #1: Don’t Try To Pick Tops And Bottoms
Never try to predict market tops and bottoms. Ther...
25th January 2008
With only 5% of all traders being profitable, it goes to say that becoming a good trader is no easy task. Throughout my trading career, I’ve learned many valuable lessons that have helped me tremendously in the way I think and trade. In this short artic...
25th January 2008
I heard this saying a few years ago: “If you have to ask you shouldn’t be trading”
And I thought to myself, wow, that’s such a simple, yet powerful statement!
Think about it. If you had a reliable, trading system that consistently got you trad...
25th January 2008
Every successful Forex trader follows a trading system that fits his or her unique personality. Some use a long-term approach, some use a mechanical approach and some even use an intuitive approach. I’ve also known scalpers, arbitragers and momentum tra...
25th January 2008
All good traders understand that every trading decision and action made, is his own responsibility. You’ll never meet a successful trader who blames someone or something else for the consequences of his trading results.
You see, it’s only when you ...
24th January 2008
When many people think about a trade log, they often think along the lines of keeping a diary… you write down your trade details in pen (or pencil) and paper, right? While this may be one way of keeping a trade log, it’s actually not the best one.
...
24th January 2008
Many traders know it’s a good idea to keep a trading log… but what exactly does a trader keep in his log?
While different people keep records of different details, here are 4 important points that you absolutely must include in your own log…
...
24th January 2008
Many losing traders will refuse to admit this, but I often notice that they follow an almost self-destructive pattern of behaviour… And this behaviour usually begins the moment a trade turns sour…
Particularly for day traders, hourly market price f...
24th January 2008
The one important thing you’ll need to think about (as a trader) is WHY you’re trading. It’s a simple enough question, isn’t it? But unfortunately, many traders don’t understand themselves well enough to give an honest answer. Allow me to share ...
24th January 2008
Many new traders are attracted to the Forex market because it provides unlimited profit potential… a good trader can make anywhere from a few thousand dollars to a tens of thousands of dollars of profits in a single day. Unfortunately because of this wa...
24th January 2008
One big mistake many inexperienced traders make is placing too much money on one single trade. In this short article, I’m going to discuss why this is a potentially hazardous problem.
Other than the obvious fact that you’ll stand to lose a lot of m...
24th January 2008
Before you can trade profitably, you’ll first need to have a reliable trading plan. Almost everyone knows that. After all, your job as a trader is to follow your trading plan, isn’t it?
While this may be a shamefully obvious fact, you’d be surpri...
