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Showing posts from May, 2015

Trade Strategies of the Pros

The most important decision in taking a trade is knowing whether you should buy or short the market. If you take a trade in the wrong direction, nothing else matters. So how do you determine the trend of the market? With the  " Trade Strategies of the Pros "  and you You'll learn:     * How to determine the trend with confidence          (no more having the market turn against you          right after you take your trade).     * How to know if the market is going to reverse          its trend, or simply make a brief retrace          and then continue in the direction of the trend.     * How the pros run stops (learn how to avoid getting          your stops run, and even follow the pros in          their stop running if you want to).     * How to determine professional smart money volume          from amateur volume (and yes you can use          volume in your Forex trading!).     * How to time your entries for optimal profits and          to a

What's more important: Trading Method or Trading Psychology?

Ancient argument: What's determines success in trading: A successful methodology  Psychology and discipline?  Answer: BOTH! But this is not a "chicken or egg" dilemma. Clearly in this case method comes before mind. I don't care how much self-discipline you have. If you don't have a viable trading methodology, then you will lose money. So method is more important. Well, maybe "more important" isn't the right phrase to use. But it definitely comes first. The reason I say it may not be more important is because there are many valid trading methodologies available. Yet ironically, traders keep jumping from one method to another ... one indicator after another  one book after another  one mentor after another  one seminar after another  This is the infamous "search for the Holy Grail." Sorry ... doesn't exist. Like most things in life, people keep looking for the answer outside of themselves, w