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Forex Mistake # 10 – TRADING FOREX WITHOUT A STOP-LOSS ORDER

Posted under Forex Tips on Tuesday, 22 December 2009 by admin
Please keep note of this mistake as this is the essential mistake trader usually made. Why do you think they are called stop-loss orders? Because that is the point you want to stop losing. There is no way to adequately communicate how important it is to pre-select, in advance, exactly where...
Forex Mistake # 10 – TRADING FOREX WITHOUT A STOP-LOSS ORDER

Forex Mistake #9 – NOT KEEPING RECORDS OF YOUR TRADING

Posted under Forex Tips on Tuesday, 22 December 2009 by admin
hen I teach my Psychology of Trading class every quarter it still amazes me how many of my attendees cannot provide me written documentation of their trading results. That’s like running a business everyday with only one piece of information; your checking account balance. Suppose you told me...
Forex Mistake #9 – NOT KEEPING RECORDS OF YOUR TRADING

Forex Mistake #8 – TRADING THE NEWS

Posted under Forex Tips on Tuesday, 22 December 2009 by admin
Traders who have made a lot of money and kept it will be the first to encourage you to not make this mistake; starting on your first trading day. Trading the news is one of the quickest ways to the poorhouse. There are no professional traders working in any trading arena that will make trades when...
Forex Mistake #8 – TRADING THE NEWS