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Why trading forex 6 11


There 8767 s another day to trade tomorrow. Trade for the long term don 8767 t trade like there 8767 s not tomorrow.

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So what exactly does a high quality trading plan need to contain? Well it doesn 8767 t need to be super complicated, as stated previously, the MOST important aspect of an effective forex trading plan is that you can somehow force yourself to ACTUALLY USE IT. Tape it up somewhere that you will see it every time you trade, read it every day. I have personally written trading plans in a note book only to never open the note book again. Don 8767 t do this, don 8767 t write it down in a note book, type it up on your computer and print it out if you need to, then place it on your trading desk, hang it on your fridge, whatever it takes so that you READ IT EVERYDAY.

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Thanks Nial for all the refresher lesson you are sending to me from time to time they are an invaluable source of both confidence and learning.

As you progress up the ladder in your understanding, you 8767 d come across to complex forex trading strategies and systems.

If you have a forex trading strategy with clear rules on when to buy and sell, it can be programmed into an expert advisor.

The temptation to trade a lot and make a lot of money 8775 right now 8776 is one biggest killer of forex trading acccounts.

Well, here 8767 the thing: the goal of the FX scalper is to make many trades throughout the trading session and hope that in the end, all those small profits will add up and exceed the trading losses incurred (and take care of spread costs for trading).

Price action trading is simply technical analysis trading using the the action of candlesticks, chart patterns, support and resistance levels to execute orders.

Nial, again your a great forex phycologyst, I love your lessons you have the old me all over these lessons and are greatly helping my trades.


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