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…
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…
The Trend is Your Friend
The Trend is Your Friend, Until it Bends Trends appear on all time frames. The Trend Is Your Friend, Until it Bends…. what does this mean? Trends appear on monthly, weekly, and daily charts for long-term trading. They appear on H4 charts all the way down to H1 charts for day trading and on 30 min charts down to 1 – 5 minute charts for scalping. One of the greatest financial benefits of learning how to trade currencies is learning the skill of spotting a trend that can last several hours for scalping, several days for day trading, and several months,…