In 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.
In Part 1, I described the first 4 rules that most top traders live by. Part 2 is giving you the next 4 rules that help professional traders maximize their profits.
Many times I feel that there is just way too much buzz around forex trading issues as I am convinced that the more simple you can manage to keep your trades the more profits you will have at the end of the day. The term ‘analysis paralysis’ was invented with a good reason and over-analyzing [...]
These are very troubled times in the global financial markets, but does this mean that it is a bad time to trade the foreign exchange market? These are very troubled times in the global financial markets, but does this mean that it is a bad time to trade the foreign exchange market? About a year [...]
How did you fare in the past year? Was your trading up to the standard that you would wish it to be? Or did your trading leave much to be desired? With Christmas fast approaching and another New Year almost upon us, it hardly seems possible that 2007 is already reaching a close. Around this [...]