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 [...]
Read the full article →
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 [...]
Read the full article →