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.
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 PsYchology: Verry common situation for the traders?
Forex PsYchology: Verry common situation for the traders?
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 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.
10 November. No currencies traded today
I m feeling a bit confused today. From my previous experience - I have not to trade this day. Very confusing situation for me when I m not able to get in a trade. Wanna enter GBP short but no confidence... Look at Aug, 08, 2006, never know who what where it goes! The point here is: no more trades this week! Updated totals for November: As showed on An attack to my Forex Loser reputation 5 GBP USD trade Closed 57 62 pips profit for the first one decade.
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.
Day Trading Systems Why You Are Guaranteed To Lose
Day trading systems are popular and you see lots of track records of huge profits the problem is none of them have a real track record - there all simulated in hindsight and NEVER traded for real. The reason for this is day trading is based on logic that simply doesn t work. The problem with day trading is the reliability of the data. The time span is simply to short and to think that you can predict what millions of traders will do in a few hours or a day is ridiculous.
Forex Trading: The Right Way to Use Technical Indicators
Being one of the Power Course instructors allows me to see the charts that new traders use for their trading decisions as they will send them to us for our opinions. I must say that many of them are so cluttered with indicators, lines and how knows what else that I have a hard time seeing the currency pair or time frame of the chart. I cannot even see the current price of the market on some of them.
Forex Trading Systems - Want to win 90 of the time?
Online, you ll often read about Forex trading advertisements that boast of more than 90 winning trades. Sounds great doesn t it? Would you pay 100 for a trading system that may win 90 out of every 100 trades? If you answered Yes, you re in trouble! Unfortunately, the truth is that a high winning percentage has little to do with being a profitable trader. In reality, it s easy to have 90 of winning trades and still lose money.
