From the category archives:

Forex Risk Management

Forex Trading Golden Rules

April 9, 2013

If you cannot deal with losing slumps, you should not be trading. Even Babe Ruth, famed for his incredible baseball batting ability, went through losing slumps. Losing is a natural part any competitive activity, including trading. If a person cannot deal with the financial or psychological consequences of trading slumps, then that person should not [...]

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How to succeed in Forex.

March 13, 2013

From one Forex trader to another, we know that trading can be very exciting and at times very profitable, but in most cases traders lose money. Why? Mark Douglas, author and trading psycho-analyst explains; “Successful trading is 80% psychological and 20% methodological. Perhaps you can relate if you have ever: Exited a trade with a small gain 5 minutes before it [...]

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Forex Lot Management

July 27, 2010

Since 2006 I have spent hundreds of hours speaking to countless Forex traders of varying experience and skill level. And one thing that stands out in those conversations is the lack of understanding and confidence in Forex lot management namely: trading multiple lots. Understandably so, because the Forex market is volatile and rapid changes in [...]

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Forex Risk Management

July 23, 2010

At the very mention of risk or risk management most people simply glaze over. We live in a world full of risk; around every bend is potential disaster. Whether it’s getting on an airplane to go on vacation, downloading an attachment in an email, or touching a public door knob, we are faced with risk that [...]

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