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 →
This part of your trading machine must not be ignored, keeping these risk/reward scales balanced could actually make or break your career as a Forex Trader. Once again I am fully aware that I am not writing down some innovative thoughts here, but just like the rest of my “Common… read more →
To continue my series of “common mistake” articles I want to address this very important one. I know I say that about all of them and that’s because they all are. When it comes to trading it is like a machine with many moving parts. This Trading Machine running in… read more →
Almost everyone will have to go through this “need” to trade. The trick is to get through it quickly with awareness that you are doing it. It’s certainly not a bad thing to overtrade when you are using a demo account and still learning/creating your trading plan, but once you… read more →
I was reminded recently of a common mistake and felt that it warranted a write down. It’s funny how no matter how many times people are warned of something to avoid, they still go ahead and do it anyway. It is possible that certain things are only learned the hard… read more →
