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Showing category "Trading Mental Toughness" (Show all posts)

Profitable Forex Trading - Developing Winning Attributes

Posted by James Woolley on Thursday, August 6, 2009, In : Trading Mental Toughness 
Most people automatically assume that anyone can potentially become a highly profitable forex trader, regardless of their personality or character traits. However that's not necessarily the case because there are definitely certain attributes that will separate the winning forex traders from the losing ones. So what are these attributes? 

Well the first attribute that many successful forex traders possess is dedication. Because of the very fact that it often takes several months or even years ...
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Hit a Home Run With Your Forex Trading Plan

Posted by Casey Stubbs on Sunday, July 5, 2009, In : Trading Mental Toughness 
Hit A Home Run with Your Forex Trading Plan



A home run means creating a forex trading plan that will help you win. If you are serious about your trading and want to earn profits than you must be willing to do what is necessary to get the desired result. The first thing that you must do is create a trading plan. Forex trading is a business and you must treat it as a business. Ask a management professional what is the first thing any good businesses have, a business plan. This step is non negoti...
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Forex Trading Can Be an Expensive Game

Posted by Casey Sheldon on Tuesday, May 5, 2009, In : Trading Mental Toughness 
I read an article recently in which the author called the forex market a game. I thought to myself, How could anyone call the forex market a game? I mean seriously, this is the largest market on earth, worth trillions of dollars. The major governments and banks all over the globe are involved in this market. Yes the forex is a game alright but it is an expensive game in which the lives of millions of people are involved.

Forex trading can be highly addictive and can consume a persons time, ...


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3 Ways to Avoid Forex Scams

Posted by Casey Sheldon on Friday, May 1, 2009, In : Trading Mental Toughness 
 

In today's heavily saturated Internet market there are more sharks and scams than reputable forex companies. Think about how easy it is to start a web site today, It takes $10 and that is all they need to lure some unsuspecting forex trader into making a bad investment. There are three basic things we will discuss in this article that can help you to avoid being a victim of a scammer.

First you should be aware of outrageous false claims that many of the sites today are making. If it sounds...


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Before You Pull the Trigger

Posted by Casey Sheldon on Thursday, February 19, 2009, In : Trading Mental Toughness 
 

Before you click that button to enter a trade, have you made sure that you are not just entering on emotions? When traders are running a business trading stocks, futures, options, or currencies they should know specific information before entering a trade. Trading is a business that an individual must plan and prepare for. Trading is not gambling unless you are just entering blindly without a plan. Every time you enter a trade you should already what your target price is, what the risk le...


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So You Want to Be a Trader? Do you have what it takes?

Posted by Casey Sheldon on Thursday, February 5, 2009, In : Trading Mental Toughness 
 

5 things you must have in order to be a Forex Trader.


  1. You must have a trading plan--The old saying if you don't have a plan then you are planning to fail is true. This is necessary for success in any goal you have in life not just trading. Make the decision today to be successful and make a plan. If you are trading without a plan stop get a plan then continue. You can learn more about trading plans in this article.



    1. Discipline-- Once you have a plan, a successful trader ha...


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