Archive for December, 2009

Forex Mistake #6 – USING ONLY ONE TIMEFRAME FOR TRADE SELECTION

Posted under Forex Tips on Monday, 21 December 2009 by
As you can see, it is my opinion that psychology is vastly more important to lasting trade success than anything else. I really believe that trader psychology is 95% or more of lasting success. Part of what shows this clearly is how traders focus on time. Every trader reading this will already have...
Forex Mistake #6 – USING ONLY ONE TIMEFRAME FOR TRADE SELECTION

Forex Mistake #5 – OVERTRADING

Posted under Forex Tips on Monday, 21 December 2009 by
Overtrading is a symptom of a bigger problem; the one we have already discussed in : GREED, BABY—GREED Overtrading is typically defined as doing a lot of trades, mostly losers very quickly. Sometimes overtrading can be defined as trying to trade too many separate markets. Sometimes it is...
Forex Mistake #5 – OVERTRADING

Forex Mistake #4 – VARYING THE SIZE OF YOUR TRADES

Posted under Forex Tips on Monday, 21 December 2009 by
Most professional athletes can tell you when they are “in the zone”—that special place that only they know about but it leads to maximum performance. Every one of those athletes will tell you that they got that way by strict discipline and practice. One of the things that they practiced...
Forex Mistake #4 – VARYING THE SIZE OF YOUR TRADES