Be Lucky In Forex Commodity Trading Online

RSS Feed Homepage

Articles: 1, 2

An Unspoken Rational Approach
2007-10-09 18:05:00
If you put on a trade and your heart starts pounding, you are *not* ready to trade yet...Some people who aren't ready to trade have other problems as well:1. Pulling the trigger to get in2. Staying with one trading strategy long enough to judge it3. Letting good trades go badDay trading psychology plays a role in these issues, and books have been written to help traders deal with these problems, but most of them do not offer a practical solution.In order to be successful at day trading support and resistance, you must have confidence in your trading strategy. Most traders with less than 2 or 3 years of experience, and for those who are just starting to learn day trading...well, they have nothing to be confident about. If your trading strategy isn't making you money consistently, in "real time", you can't have confidence in it. But, how can you tell if your method is any good when you don't yet have the nerve and discipline to trade it?Day trading psychology involves building co...
More About: Article , Rational

Invest Not Gamble
2007-10-09 17:51:00
It is easier said than done. You want to invest your money, not to gamble it away. A lot of people unknowingly has become gamblers instead of investors. The distinction between the two is not what they do, but rather how they do it. How can you differentiate the two? Here are the basic distinction between the two.Gamble rs. I am not referring to individuals who went to the casino and gamble. I was referring to stock gamblers, individuals who blindly throw their money away in investing. They love buying stocks. The ups and downs of the stock price thrills them. Whether they make a profit or loss, they have no idea what causes it.Invest ors. These are not individuals who merely buy stocks. They know what they bought, researched it beforehand and are aware of the risks involved. They may lose money on an investment but they knew why they lose and they learnt from their loss to improve future performance. They do not over diversify and yet they manage to spread their risk apart.So, how do...
More About: Article