Archive for the money Category
The difference between consistently profitable traders and those who are not is the subject of this post "sometimes the best trade is no trade". Successful traders understand this, it is about being patient and ensuring that the conditions are exactly right for a trade, ie a valid signal to take an entry. Traders who are not so successful feel that they need to be in a trade all the time to be successful and will think that a setup is 'almost right' and therefore happy to jump in early.
B
November 29, 2011
No Comments Full Story
What I mean by this is people who give you a tip to buy or sell something. It may work out (afterall, there's a 50% chance it will go up or down so there's half a chance you may make money) but in the long term you will lose money!
Why do I say this? I say this because as a trader or investor you need to be responsible for your own trading decisions. Should you lose, it's too easy to blame someone else for the loss. Psychologically, you've given yourself a way out and not taken responsibili
October 28, 2011
1 Comment Full Story
To learn more about the DDFX Forex Trading system click here
There was no entry until Thursday. The market had continued to move lower from last week. If I had traded the last signal on Friday the week before, I would have made some serious pips. Anyway, I finally got the long entry and although it did fly for a while, it was only for a while and I had moved my stop to breakeven which is where it settle. That was my only trade for the week and made no pips.. no any losses!
There was a
September 26, 2011
No Comments Full Story
« Older Entries
Newer Entries »
