This common mistake can actually be broken down in to two sections. The first one being an amplification to fear of loss by trading with money you can’t afford to lose. The second being the personal fear of failure and/or the fear of letting someone in your life down. A… read more →
This being too mechanical sounds a little contradictory after reading that you need solid rules to follow like a robot. The fact is that the Market is basically Organic and moves as a result of human action; this adds a very tricky element to trading. You now must allow for… read more →
I can’t help but mention this one, not because it’s an amazing breakthrough in Forex trading but because it has to be up there in the top handful of common mistakes. Human nature provides most people with greed and lack of patience. If you have read my other articles you… read more →
It’s easy to jump in to things and learn as you go, learn from your mistakes, think you know what you are doing long before you actually do, but when it comes to Forex you don’t want to lose your risk capitol during the learning process. Feel free to dive… read more →
In this Article I would like to pick up where I left off regarding discipline. The two go hand in hand because now we are simply talking about the discipline to follow your rules, you know, the rules that make up your trading plan that you spent all that time… read more →
Based on my observations of people on our planet I fully understand why this is a common mistake. A level of discipline is needed in anything you do if you wish to be great at it and not just good at it. It really is what separates the top 5%… read more →
Emotions and trading simply do not go together. If you ever wanted an article in a nutshell, that would be it. For the sake of the why and the how though let’s take a look at where it comes in to play. Confidence will be mentioned again along with several… read more →
Confidence is a part of being good at anything and clearly doesn’t only apply to Forex, but it is another piece of that brain mounted trading machine we have been talking about in these articles. Let’s consider how confidence is built in any other discipline and then we can apply… read more →
