The nature of the markets is uncertainty. Human beings do not like uncertainty. In fact we fear it at the very depths of our soul. Much of our society has evolved in an effort to reduce the uncertainty we face in day to day life, through controlling the environment, and implementing a structure of laws, [...]
Finding the best resources in order to learn forex trading is not as simple and straightforward as many of us would think, but it is still possible to get a good education if you know how to filter the information you’re bombarded with every day. Even if the teacher may not be perfect himself (and [...]
Read MoreWould you like to make money from trading but don’t know how to trade?Have you heard of others making a killing on the markets and wished yourself in their position?
Trading covers a multitude of markets. Mention “trading” to a non-trader and they’ll probably think of stock and shares but there are many other markets you [...]
One of the toughest times of my life – that threatened my own psychological wellbeing as well as the potential safety and security of my family – was in early 2004, when I first made the leap from part-time to full-time trading.
I had the required knowledge. I had the required skills. I was a great [...]
A good understanding of the basic tenets of technical analysis can vastly improve one’s trading skills.
When using technical analysis, price is the primary tool. Simply put, “everything is already in the rate.” However, technical analysis involves a bit more than simply staring at price charts hoping to find a “yellow brick road” to a bonanza [...]
If you put on a trade and your heart starts pounding, you are *not* ready to trade yet…Some people who aren’t ready to trade have other problems as well:
1. Pulling the trigger to get in
2. Staying with one trading strategy long enough to judge it
3. Letting good trades go bad
Day trading psychology plays a [...]
“To Err is Human”, but in trading it often happens that traders will knowingly make decisions that create losing trades. Now we’re not talking about losses that come about because of testing out a trading plan or a specific indicator. Nor are we looking at simple errors committed purely by accident. If our goal is [...]
Continue Reading ArticleMany people think that trading is similar to gambling. Is this really the case? For example, let’s take a look at Black Jack. If you start with $10,000 gambling capital, placing bets of $100 per hand and play 100 hands per day, how long will you last?
In the game of Black Jack, with Las Vegas [...]
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