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Discover Your Forex Trading Niche

Discover Your Forex Trading Niche

Someone once said “It’s not whether you can be a good trader, it’s whether you can find the trading that’s good for you”
Give a bunch of traders a proven successful system, you can bet that not everyone will make money from it. We know the system is not wrong. So what is it [...]

Forex Loser’s Checklist, Do You Qualify? Part 2

Read Part 1 of this Post Here.
Switch Trading Systems
Are you continuously looking for some new systems? Are you visiting forums to look if there is new indicator or setup that can improve your trading. Let me tell you a secret, a lot of system out there are profitable only if traders start to follow their [...]

Forex Loser’s Checklist, Do You Qualify?

Forex Loser’s Checklist, Do You Qualify?

No one likes to think of themselves as a loser.  However admitting the reality can be a hard pill to swallow.  I came up with this checklist to help you identify your true self. See if you qualify.

Account Wipe-outs
Keeping Poor Trading Records
Urge to Trade
Switch Trading Systems
Buy new softwares /EAs
Double Up Losing Trades
Reverse and Trade in [...]

Stop Letting A Winner Turn Into a Loser

Stop Letting A Winner Turn Into a Loser

We all have had trades which started off profitable only  to end up in loss. This not only hurts financially but also emotionally.  In this article we will explore the psychology behind it and how to overcome it.
We all know that fear and greed is what drives most of the new trader’s decisions. Though [...]

3% Risk Rule – Who Cares?

3% Risk Rule – Who Cares?

This is the Part 3 of Money Management article. If you haven’t read the first part then you can read it here “Money Management : A new Approach”
Ask yourself these questions: Are you trading Forex to make a living? Or Are you hoping to trade Forex Full Time? Or Do you  want to learn how [...]

Do You Have A Trader’s Mindset?

This is the Part 3 of Money Management article. If you haven’t read the first part then you can read it here “Money Management : A new Approach”
As a trader I need to keep in mind that even the most successful system will have series of losses. This is called Drawdown and it is part [...]