“A greedy person and a pauper are practically one and the same.“ The Swiss proverb above couldn’t be more true for us traders. As you may know, many forex traders (and their accounts) have suffered because of greed. In fact, this is how the saying “Bulls and bears make money; hogs get slaughtered” came about. […]
3 Reasons Why There’s No Holy Grail in Forex Trading
Anyone who has spent considerable time trading forex will tell you that there’s no “holy grail,” or one indicator, method, strategy, or system that would yield you forex trading profits 100% of the time. In fact, consistently profitable traders will more likely tell you that losing is as much part of trading as winning. But […]
2 Mistakes Forex Trading Newbies Usually Make
Starting out in the forex market is definitely an exciting experience but you must be very careful not to make these dangerous mistakes that most beginners make. 1. Undercapitalization Insufficient initial capital is the first mistake by beginners, and it usually ends up killing them. I’ve seen traders, including myself, blow their whole trading account […]
8 Reminders When Making Post-Vacation Forex Trading Goals
The end of vacation season is around the corner and you know what that means – another fresh start at making (and keeping) profits! Whether you’re just starting with forex trading this month or making new goals for the rest of the year, here are a couple of points you need to remember: For the […]
5 Habits That Help Forex Trading Newbies
Let’s take a look at some pretty easy (but necessary) trading habits that have helped many traders but might have missed your resolutions radar. Hopefully, you will give these a better chance (if you haven’t already) over the next few weeks and someday you’ll look back and be thankful that you did! 1. Using stop […]