Forex Tips

Forex Mistake #7 – FAILING TO DO YOUR HOMEWORK

Posted under Forex Tips on Tuesday, 22 December 2009 by admin
Of all the mistakes that FOREX traders make this one is one of the most common. If you want to lose money quickly—make sure you ignore doing your homework. When I say homework I mean get market knowledge. People often make the mistake of thinking that all they have to do is buy a trading...
Forex Mistake #7 – FAILING TO DO YOUR HOMEWORK

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

Posted under Forex Tips on Monday, 21 December 2009 by admin
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 admin
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