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Psychological

Getting Started In Forex Trading

Sunday, August 16th, 2009

Many try to trade Forex, but only a few succeed. Here are some pointers to get you started. Most Forex traders trade from home with their own equipment and their own software. If you have a substantial amount of capital at risk, you will want the best tools available. You can start part-time, while maintaining [...]

The Power of Internal Dialogue

Friday, November 30th, 2007

 by Robin Dayne Trading Dilemma: “Bad internal dialogue and questions can disempower a trader” When a trader is having a bad trading day all to often their internal dialogue, questions and language are also bad. This leads to trading with uncertainty, insecurity, fear, unhappiness, and other disempowering emotions. Also the result can be a continued [...]

Trading for a Living-Part 2

Thursday, November 29th, 2007

By Geoff Turnbull In part 1 of this article I started to look at the financial implications of giving up the day job to instead start trading full time for a living. There are more than just monetary considerations as we will see later, but for now, there are some more costs to ponder. More [...]

Taking Profits – A Logical Way

Tuesday, November 27th, 2007

by Neal Hughes – FibMaster So much time is spent on entering a trade. Today I want to focus on some exit strategies. This is not a full Fibonacci course, so if you don’t understand the basics I suggest that you visit my website for help with those aspects. Human nature makes trading very challenging. [...]

Trading for a Living – Part 1

Tuesday, November 27th, 2007

There can’t be many traders who haven’t at least considered the idea of telling the boss what they think of him, throwing it all in and going off to trade the stock market for a living. It’s a big risk financially, and that uncertainty is what stops most from jumping ship. Is it really possible [...]

Essential Elements of a Successful Trader

Tuesday, November 27th, 2007

Courage Under Stressful Conditions When the Outcome is Uncertain All the foreign exchange trading knowledge in the world is not going to help, unless you have the nerve to buy and sell currencies and put your money at risk. As with the lottery “You gotta be in it to win it”. Trust me when I [...]

5 Questions You Need To Have Answered Before You Back-Test Your Forex System

Tuesday, November 27th, 2007

by Ryan Sheehy As 90-95% of new forex traders lose money within the first 3-6 months this article helps to guide new forex traders by asking 5 questions that the forex trader needs to know prior to back-testing their forex system. Let us jump right in… 1. What data type are you using (or going [...]

Trading Dilemma: “Creating and Sticking to your Fundamental Trading Rules”

Sunday, November 18th, 2007

by Robin Dayne  When traders go off, and into an emotionally bad trading pattern, most likely they are breaking their trading rules. They become stubborn instead of keeping focused. Traders break their rules when their focus changes and emotions take over. They forget why they’re trading. Re-focusing on why you trade can create enough leverage [...]