Hello traders! You know it. I know it. It seems as though most people don?t get it.
Which Dirty Shirt Today?
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Which Do You Hate More?
A common phrase in sports that has been attributed to several people is: ?I hate losing more than I love winning.?
It?s Certainly Not MY Fault!
Here is a diary of a failed (hypothetical) trader:
My Favorite Market
This week I?d like to introduce the spot forex market to anyone considering a new or even a first market to trade. I?ll do a basic intro to what the spot market is, and then give a few reasons why I think everyone should trade this terrific market.
Who Likes to Work for Free?
Hello traders! Have you ever had one of those weeks, or months even, where everything seemed to go your way?
Bored and Undisciplined
As most of our instructors will tell you, trading for a living is great, but EXTREMELY boring.
Free Your Mind
Professional traders make a living from trading what the charts tell us to trade ? not our beliefs of economic strength or weakness.
Memories
Let?s talk about some charts, ok?
Relatively Speaking
I was a bit hesitant when considering this week?s article because the topic is very subjective. The difficulty lies in fully explaining the possible interpretations of the following chart, and how what could be a powerful tool for you may be misinterpreted if used improperly.
Are Your Pairs Fighting Each Other?
In your trading plan you have chosen to trade up to two positions at a time. Because you have looked at hundreds if not thousands of different charts over your trading career, some of the often repeated patterns are jumping out at you and you know exactly what you are looking for.
How Are You Getting In?
In my last article, we discussed the tendency of many new traders to ?chase? trades, that is enter well after the optimal entry level. This week I?d like to expand on a slightly different way to enter your trade.
The Holy Grail
This week I?d like to discuss a topic that everyone is aware of, but seemingly many new traders don?t take very seriously. That topic is risk management.