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Published 12/09/2008 - 8:28 a.m. EST

I'm sure there are times when all of us look at a chart during a trade and think, 'I really need to lock in that profit before the market turns'. But what happens if this decision goes against your system that you have worked so hard to establish over hours and possibly even years of paper and real trading? I'm not going to lie, I struggle with this myself more often then I would like.

Published 12/09/2008 - 8:25 a.m. EST

Everyone has had a day where they were following their well planned system, and then they walked away from the computer only to find a horrible loss waiting to greet them when they get home.

 
Published 12/09/2008 - 8:24 a.m. EST

Trading the foreign currency markets takes a fair amount of time no matter what system you use. When I first started trading, I found that I wanted to create a system using Metatrader that will trade itself while I was either in the classroom or on the golf course.

Published 12/09/2008 - 8:22 a.m. EST

There are times when you start rubbing your hands together and stare at the computer screen with a sinister look. If I had a handlebar mustache I would be twirling it at the corners.

 
Published 12/09/2008 - 8:20 a.m. EST

Getting started in forex will, put plain and simply, make your head spin. There is alot of garbage out there, and even more dead ends than there are culdesacs in suburbs. I won't begin to tell you which broker to choose because that is another post for another time.

Published 06/06/2008 - 5:05 a.m. EST
Whenever we consider the benefits of trader tax status, the one item that tops the list is the ability to elect a special accounting method known as mark-to-market,...
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Published 09/26/2007 - 8:13 a.m. EST
Learn to be disciplined when trading, but take action when appropriate. If a trade that you have placed is clearly going against you, uncross your fingers, and...
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Published 11/08/2007 - 3:06 a.m. EST
Do your best to remember how alert and aware you were when you first placed your first trades. A common mistake is for traders to become complacent and to let their...
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Published 12/09/2008 - 8:28 a.m. EST
I'm sure there are times when all of us look at a chart during a trade and think, 'I really need to lock in that profit before the market turns'. But what happens...
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Published 12/20/2007 - 5:13 p.m. EST
A simple, straightforward guide to the fundamentals of technical analysisFor active traders and investors who don't understand the complicated art of technical...
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Published 12/24/2007 - 12:49 p.m. EST
If past history was all there was to the game, the richest people would be librarians. In the business world, the rearview mirror is always clearer than the windshield. 
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