Learn What The Market Wants

by | Feb 8, 2008 | Trading Strategies

I have talked to many people that made a lot of money in a market that was channeling, or range bound. As soon as the market broke out of the range and started to trend they lost most of the money they had just made and did not know what had happened to their ability...

Play By The Rules

by | Feb 6, 2008 | The Disciplined Forex Trader

The best way to trade is by a set of rules. When the rules say to get in or out of the market, do it. Sure, you may have a few small losses, but when you get in and follow the signals by adding on at the proper times, then you will multiply your profits and have some...

Three Things That Give You An Edge

by | Feb 5, 2008 | Money Management

You need three things in your trading system to have the edge you are looking for: 1. Signals that give you distinct alerts for entry and exit points. 2. The ability to determine the direction of the trend, so you know which way to trade. 3. A system which allows you...

Follow Your Trading Plan

by | Feb 4, 2008 | The Disciplined Forex Trader

Follow your plan. Once you have set your stops and take profit targets, trust your plan and leave them intact. If you don't, you'll never truly know if the plan you are using is indeed profitable or not. Learn to trade by some rules and over come your greed, fear,...