A Forex Trading System and Its Components
Wed, Feb 1, 2012Nowadays, the market is full of forex trading systems. However, there are very few of these that really has all the necessary components to ensure profitability in the long run.
Measuring the Flexibility of a Forex Trading Strategy
Thu, Jan 12, 2012It has key importance to have a forex trading strategy that stays flexible at all times. The need to be flexible and adapt to changing market circumstances is a vital part of trading. This ability plays a key role in staying in this business. Furthermore, it is a rule of thumb that if somebody manages to [...]
Measuring the Performance of a Forex Trading Strategy
Wed, Dec 7, 2011Measuring the performance of a forex trading strategy is very important for various reasons. It is vital to stay true to the chosen forex strategy or forex system until it is proven that it does not work. Additionally, it is only advised to make change when it is necessary despite the fact that strategies and [...]
Major Psychological Pitfalls in Forex Trading (Part 3)
Thu, Dec 1, 2011In the first 2 parts we enlisted the 4 biggest pitfalls in trading and connected these to the basic human drivers. In this final part, we focus on how to overcome these pitfalls. The Solution As you can see greed and fear hand in hand moves the financial markets on the short run, because the [...]
Major Psychological Pitfalls in Forex Trading (Part 2)
Tue, Nov 29, 2011In Part 1, we have discussed the basic human drivers and concluded that these are the primary source of the psychological pitfalls in forex trading. Here in Part 2 we continue the listing of pitfalls and show how these relate to the basic human drivers.