The Four Deadly Enemies Of Successful Forex Trading
How many times have you looked at past trades and thought to yourself: “Gosh, how could I have been so stupid?” I know I have… even though it pains me to admit it. Looking back, I can see that many mistakes I’ve made have been because I couldn’t control my emotions. I learned this lesson the hard way… as I know so many other traders have. The trader’s four deadly enemies are: Ignorance, Greed, Fear, and Hope. The Four Riders Of The Trading Apocalypse Let’s start with Greed, not because it’s one of the seven deadly sins, but because it’s…
Money Management Truth
Money Management Truth This article was written by Nial Fuller of Market Geeks to expose some truths and some myths surrounding the topic of managing your trading capital. Most information out there on money management is completely useless and will not work well in professional trading. “What most traders are taught about money management is usually ‘lies’ invented by the industry to help you lose your money “slower” so that brokers can make more commission / spreads from you. If you’re using the 2% money management rule, this article may put that theory into question, which is the point… to…
What Kind of Forex Trader Are You?
What Kind of Forex Trader Are You? To be a successful forex trader, the most important thing to know about yourself as a trader, more important than any trading system or indicator you can use…. is what kind of trader are you? What type of personality do you have, what is your best trading style? As an experienced forex trader, I can take almost any forex trading system, no matter how crappy, and make it successful for me, because I know my personal trading style and can apply it to any trading system. So it’s more important for you to…