Saturday morning thoughts 💭

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Rookie traders are traders that lose money and they keep losing money because they never understand the mechanics of trading well. Are you a rookie trader? Are you focusing on the wrong areas of Forex trading have you been caught by these 3 mistakes in Forex trading? These mistakes are (1) over leverage, (2) Greed, and (3) lack of a proper money management system. Let us explore more on these 3 mistakes and how you can avoid them.

Humans are greedy by nature, we want more and we want it instantly. Wouldn’t you be really happy if a large windfall just fell into your lap? I know I would be jumping for joy. In Forex these windfalls or sudden large gains are rare, they do happen once in a while but, mostly these are rare cases.

New traders always seem want to earn huge profits and want it fast! Unfortunately in the process they forget the rules of money management which in turn leads them to failure in their trading. Forex is a business that requires you to follow the rules of money management because these rules will sky rocket your profits! There is no real way to trade unless you trade with money management.

Are you a beginner to forex trading? Do you want to make consistent money from Forex Trading? In order to become a successful forex trader, continuous learning is one of the key factors.

Did you know that 5% of the world’s forex traders have on their hands a secret? It is a secret of how to trade and make profits consistently. This is actually an open secret; in fact this “secret” has been tossed around so often that it is a wonder that not more traders have caught hold of it yet! Would you like to know what this secret is?

The best way to exceed in the two most important areas of the forex market, accuracy and timing, is through financial software forex trading. Many forex traders turn to financial software forex trading for the timing advantages it brings to their campaigns. As the forex market keeps much longer hours than the traditional stock exchange, it requires you to be able to stay on top of it at all hours of the day and night.

Beware as 95% of new traders who enter into the world of forex trading have their accounts wiped out within 6 to 9 months of love trading. Don’t let that happen to you. Here are 3 ways to avoid having your Forex account wiped out.

Many traders after some time find their trading performance lacking. You no longer are able to make consistent profits and you find that almost every trade you do the very best you can accomplish is a break even. You need to supercharge your Forex Treading and here are 5 tips to help you do it.

The forex legacy is a newly launched forex trading system created by Dan Miller. It makes some bold claims – such as it takes traders 17 minutes to be up to speed on his revolutionary techniques. I just had to try it. Here is my take on it.

Trading Price Action has go to be the most overlooked trading method in the forex market. There is a very simple reason I say this. Just look at how many people fail at trading forex.

I don’t like working to tell you the truth. I like playing golf, going sailing and then out to dinner and having a few drinks. I figured out a long time ago, it is much better to work smarter than harder. That is why I started trading the Forex markets ten years ago; it was the easiest way I could find to make me wealthy. I quickly realized how easy it really is, the currencies you trade can only go in two directions, up or down. A blind man throwing darts at a board to select currencies has to be right fifty percent of the time. All you need to do is increase the percentage a blind man has of picking a currency to be rich. I liked those odds the second I saw them.