Pivot Points in Forex: Mapping Your Time Frame
Raul Lopez wrote a great article on using pivot points in forex trading. Pivot point indicates the sentiment of traders and investors at any given moment and gives a general idea of where the market is heading during the day. It is a level at which the sentiment of traders and investors changes from bull to bear or vice versa. Pivot points are very popular among both individual traders, investors, banks and institutional traders because they are considered to be an important measure of strength and weakness of any market.
Sneak peek trading video on Instant Profits
If you re already happy with your trading results, then - Congratulations! - you don t need to read this posting... This message is ONLY for serious traders, beginners or experienced, that have been looking for a hands-on, step-by-step, A to Z, trading method designed to work in any time frame and any market. If this sounds like you, keep reading to get your paws on a meaty sneak peek of this dynamic video trading course Instant Profits ...
How To Become A Successful Forex Trader
What are the four ingredients in the recipe for forex trading success? Ovidiu Garvasuc explains that in his article The 4 Wheels That Take A Forex Trader To Success. According to Ovidiu, the most important requirements in order to be a succesful forex trader is not the knowledge of complicated technical indicators and proficiency at using them. Much more important are certain character traits, such as: will discipine self-control honesty The most important piece of advice from Ovidiu - don t argue with the market...
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.
Forex PsYchology: Verry common situation for the traders?
Forex PsYchology: Verry common situation for the traders?
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.
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.
An attack to my Forex Loser reputation
Today i m alive.... Ask yourself if the trades you are in, are trades you would enter right now confidently? if answer is no - cut the loss - go out and get real drunk and start fresh. Gotta take your lumps and move on if you dont like your positions. you will feel better once you do and will be able to be objective again. Yesterday, Nov, 7 i did want to close both my positions at a some point but was unable to push the buttons.
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.
