Written by admin on May 3rd, 2010
Forex Trading – How Anyone Can Trade Forex Like A Pro
Over the last few years, there has been a great deal of interest in Forex trading. However, before anyone can just jump in and start trading, there is quite a bit of education, or learning that must take place if you want to become successful at it. At the very least, a basic understanding of the Forex market will help pave the way for more detailed studies.
Continue Reading...Written by admin on April 5th, 2010
Three Components of a Comprehensive Trading System
One common factor among people who fail in trading is that they lack trade systems. If you don’t have this yet, you may essentially be just floundering around in your chosen investment market. The only way to secure profits and cut losses is to follow a custom blueprint.
Anyone can claim to have guidelines in place. [...]
Written by admin on August 28th, 2009
Dealing With Market Uncertainty
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, [...]
Continue Reading...Written by admin on June 29th, 2009
Education in Forex
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 [...]
Continue Reading...Written by admin on April 15th, 2009
Financial Trading – so many markets, so little time
Would 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 [...]
Written by admin on April 7th, 2009
Transitioning From Part-Time to Full-Time Daytrading: Ensuring Sufficient Income
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 [...]
Written by admin on April 1st, 2009
Using Technical Indicators: Bollinger Bands & MACD
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 [...]
Written by admin on March 24th, 2009
An Unspoken Rational Approach
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 [...]
Written by admin on March 13th, 2009
Why Traders Knowingly Make Bad Decisions
“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...Written by admin on March 10th, 2009
What Are the Differences Between Trading and Gambling?
Many 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 [...]
