Search results

I think this is a great post, and it addresses, in a roundabout way, a problem that MANY traders have had: overtrading. The way I look at it, psychologically, is that overtrading is caused by a subtle change in thinking where we shift from the correct mindset (what the market is DOING) and...

IvoryOctopus: The answer is very simple--get a "paper account" (these are readily available with forex) and simply do your best at trading, and see how you do (although keep in mind that some can apparently win at paper trading but can't, for emotional reasons, with real money). In the final...

I don't think I have EVER read anything in a book or seen anything in a video that was of ANY HELP AT ALL in making money trading (yet I still have a hard time resisting having a look at a book or video). As a matter of fact, if I were going to advise someone just starting in trading I would...

1) If you have to ask, then no, you absolutely positively can't do it. 2) Having a mindset to win "x amount" every day is practically an impossible psychological burden. A better goal to start: Try to WIN every day (but really trade--don't just stop after one small lucky win. 3) You can't...

I wouldn't use the word "aggressive." IMO the ideal trader demeanor is that of a predator. Predators are actually very careful--even shy. If things aren't just right they back away and wait for another opportunity. But when they spot GENUINE WEAKNESS...when they KNOW they're about to have a...