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- 2007
Forex Trading Course
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We have summarized the comments of 4 traders about being a more disciplined trader. A day traders comments: He is a consistent trader his accuracy was good but would have a blow up one day a month and lose a lot of what he had made...
One of the basic skills a trader needs to possess or develop is the power of observation. They need to become students of observation. This skill of observing things does not just apply when you are trading and looking at charts it will carry over in to the rest of your life...
Where and how will you find your next trade? Through sitting in front of the computer for hours? Via: an alerts system? At the time news comes out? The point is you need a plan for how you will find enough trades to keep you interested and make money...
Dodging Bullets 4-4 (excerpts in this series were taken from the book “The 4-Hour Work Week” By Timothy Ferris) “Uncovering Fear Disguised as Optimism” “There’s no difference between a pessimist who says, ‘Oh, it’s hopeless, so don’t bother doing anything,’ and an optimist who says, ‘Don’t bother...
Dodging Bullets 3-4 (excerpts in this series were taken from the book “The 4-Hour Work Week” By Timothy Ferris) “Conquering Fear=Defining Fear” In the last post 2-4 “The Power of Pessimism” I talked about facing your fears by using a plan of attack and addressing what those fears are that are ke...
Dodging Bullets 2-4 (excerpts in this series were taken from the book “The 4-Hour Work Week” By Timothy Ferris) “The Power Of Pessimism: Defining the Nightmare” “To do or not to do? To try or not to try? Most people will vote no, whether they consider themselves brave or not. Uncertai...
Dodging Bullets 1-4 (excerpts in this series were taken from the book “The 4-Hour Work Week” By Timothy Ferris) “Many a false step was made by standing still. — FORTUNE COOKIE” Do not let fear keep you from moving forward. Being stuck on the go square or any square for that matter. 9 times ...
Finding Confidence in the Stop Loss Principle I spoke with one of our coaching students today. He has been through the product courses (Launch Pad and Nth Degree) a total of three times each...
The One Thing Every Trader Should Have In Their Trading Back on January 17th, 2008, we posted a blog about the 6 things to leave out of the market. They are: Emotion: Wanting the market to go a certain way...
To Trade Disciplined That Is The Only Question Personally,I think discipline is the first thing we should learn before doing anything,not just forex.But it is very hard to get discipline for yourself. If we are not disciplined in our daily living and as a human being...
1. Vision of why you are trading and where you want to go. Identify the strategies and tactics you will use. A trading plan is a tool not just an exercise 2. Select the time you will trade, the time frames you will trade on (long or short term trading). Then pick out a set up for the idea...
Building and executing your trading action plan can take weeks or months...
With your strategy in place, you can set time lines to hit those milestones on your way toward your target. Track actual results against your plan so you can adjust your strategy as you go and measure your success.
Look at the trade tracker, see where you were at on the first 20 trades (win-loss ration), then see how you have improved over the next few groupings of 20 trades. Identify what your strengths were when you started and see what they are now. Are your strengths still the same or have they c...
This entry is part 8 of 8 in the series Create Trading PlanThe time for action is now! Create a trading calendar, including milestones, so you can take action and track your progress. Stick to your plan. Whatever it is that you have pledged to do, get it done...
