Successful Forex Trading
There are a couple of things any trader needs to know before moving into the currency markets. Successful forex trading will require a student mentality and the discipline to follow a system. In this article, I highlight some of the features necessary to become and remain successful in the forex markets.Trouble in the Markets? Inflation, I Think Not!
So much for a quiet market heading into the employment number. The PIGS (Portugal, Italy, Greece, Spain) across the pond are creating quite a stir today with further debt problems surfacing. In the last week or two I wrote another post about how I thought that the PIGS would be the catalyst for a drop in 2010.How to Find a Beginning of Trend?
Each investor’s dream is to buy cheap, sell expensive. We don’t say that is easy to buy the shares at the bottom and sell them at the top.
Have you ever watched an elite athlete play their game and thought about how they are a model for traders and trading psychology? Fluid motions, always seeming to be at the right spot at the right time, rarely flustered or visibly upset, and more often than not, making winning plays. How do they develop these skills and can traders use this information?Castles Made of Sand
There are two good lessons for traders in the simple song lyric “castles made of sand, fall in the sea, eventually.” First, just as you should not trade based on a faulty idea, you should not use sand as a building material. Second, you need a solid trading plan as your foundation – without it, you’ll slip into the sea, where 90% of traders reside. Let’s look a bit more at both ideas.