TRADING: A MIND GAME
TRADING: A MIND GAME Must change my mental attitude first from a normal person to that of a speculator. Almost all traders simply waste all their time trying to learn the easiest part in perfection, like about how to read data and charts, and trying to perfect entry and exit skills, etc. Trading is a mind game and without having a right frame of mind, it is a losing game even before it starts. Training a trader s mind is the first step for any successful trader but almost all new traders neglect that part and that explains why more than 95 of traders are a failure in the long run.
Forex PsYchology: Straight from the heart
Forex PsYchology: Straight from the heart... Straight from the heart Trading is a battle against human survival instinct. It takes a long time to have a person s brain rewire to the point where trying to survive doesn t override what that person does during the middle of it when the heat gets turned up. Everyone loses accounts their first year no matter how well they were consistently doing demo trading because when emotions start happening it literally stops a person from being able to press the button out of pure fear.
Forex Brokers: Forex.com aka gain capital group
Forex Brokers: Forex.com aka gain capital group :... First experience in FX was with them. Absolutely horrid platform. Of dealing desk brokers, hard to get any worse, only ACM lies with them at the bottom of the barrel. Their rollover policies royally suck and they have all the disadvantages of a dealing desk broker with none of the advantages... A novice looking for a broker will look firs for a reliable brokers not testing at least 4-5-6-more brokers.
One trade closed tonight. Another one Euro short just opened
Previous position update... .. .Stops moved trailing by hand : SL to 1.2835 TP - 1.2747 Stop lose hit point in point. That trade closed. ---------------------------------------------- New trade entered here: 11 16 2006 6:18:49 AM Sell EURO USD 1.281 SL to 1.2836 TP - 1.2747 ---------------------------------------------- What i m doing this month as a veritable forex loser trader: The old adage You have to have money to make money is true. Without the necessary starting capital, i used taking too great risk in the past for too little reward.
Learn secrets of the most successful Fibonacci traders
Bank Big Profits When You Arm Yourself With a 5, 000 Year-Old Secret Weapon to Pinpoint Key Market Turning Points With the Skill of a Military Marksman! No, it s not some metaphysical mumbo-jumbo. And it s not some mathematical equation that requires the I.Q. of a rocket scientist, either. It s real. It s easy. And it s possible, whether you re a newbie or a seasoned trader. You may have heard of this ageless formula before, too.
How to Trade with Elliott Waves
What should you know to make Elliott Waves work for you? Robert Prechter from Elliott Wave International suggests the following: The key to Elliott Wave patterns is that the market goes three steps forward for every two steps back. If you do not get scared by the two steps back, and if you are not euphorically confident after the third step forward, you re light years ahead of the pack. Click on this link to learn more about Elliott Waves and see an example of a trade that was made by using this powerful concept.
Fibonacci Numbers and the Golden Ratio - 3 Tips for Greater Trading Profits
By Stephen Todd In this report, we will look at the history and background of Fibonacci numbers and The Golden Ratio. We will then outline three specific money management tips that can help increase your profit potential. Support and resistance levels are an important consideration for most traders to help identify entry and exit points when trading. Fibonacci percentage retracement levels based upon the Fibonacci number sequence and golden ratio are very popular with many traders but what are they exactly?
How to Use Fibonacci Numbers for Huge Trading Profits
Fibonacci numbers have received considerable interest from many traders because of their uncanny accuracy in spotting market turning points in advance. They can be used as a predictive tool and to enhance the analysis of the market, thus helping you to increase profits and decrease risk. Click this link to learn more about Fibonacci numbers and Fibonacci levels and how you too can use them in trading currencies. Stan Technorati tags: forex, forex trading, Fibonacci levels del.icio.us
How to avoid typical pitfalls and start making more money in your forex trading
Fiorenzo Fontana, a trader and analyst at UBS wrote a very interesting article containing a lot of tips on how to avoid typical pitfalls and start making more money in forex trading. All of his tips are very interesting and useful. Some of the less known are as follows: Trade pairs, not currencies Don t place very tight orders Use reasonable stop losses Increase your leverage in line with your experience and success Don t trade during off peak hours The best time to trade is when news is released If you place a trade and it s not working out for you, get out Trade in the direction the price is going Learn the business before you trade - possibly the most important tip!
A no-charge way to find out about overbought and oversold markets
I ve come across a complimentary alerts service for traders wanting to get a heads up on overbought and oversold currency markets, and I wanted to let you know about it right now. Forex Trade Risk Management is based in Washington, Vancouver and every few days they put out these Alerts which give traders a very good idea of how the currency markets are going to behave in the coming days. They use new technology called Sigma Bands, based on the work of J.M.
