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The most frustrating part of trading is losing money when you know you didn’t have to. It’s not the normal statistical loss that hurts, it’s the ones you could have totally prevented; entirely your fault. These are the losses that are the result of trading mistakes. You need to learn how to prevent them, because the key to long-term trading success is preserving your risk capital so that you can take advantage of the high-probability trade setups when they arise.
  • Mistake: Thinking too much
One of the most common mistakes I see traders making, is simply thinking too much. People tend to make trading much harder than it is. I get emails nearly every day from traders who clearly are over-thinking the market and making things more complicated than they need to be
  • Solution: Stop thinking so much
Analysis-paralysis is something I discuss in-depth in an article I wrote titled “A Cure for Trader’s Analysis-Paralysis”. Reading that article will give you some good insight into how you can stop thinking so much and start trading instead. Obviously, in the early stages of learning how to trade, you will need to spend more time studying a course and studying the charts, so that you can develop yo
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Miren avatar
Miren 18 Dec.

very good!

AnnaZhurina avatar

Very good !

Annyrio avatar
Annyrio 21 Dec.

very well!

vap61 avatar
vap61 22 Dec.

Работа проделанная автор вызывает уважение, лайк, респект тебе автор!)))

thedoctor avatar
thedoctor 18 Jan.


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Los grandes inversores compran un producto financiero hoy para venderlo años mas tarde. Para los pequeños inversores, las inversiones en Forex a largo plazo no son recomendables, el corto y mediano plazo puede tener mucha mas efectividad. En el Mercado de Divisas existen tendencias multi anuales, pero las oscilaciones menores dentro de una gran tendencia son muy amplias, permitiendo duplicar y triplicar fácilmente el retorno anual de la gran tendencia. Por esto la mayoría de los operadores especulan al corto y mediano plazo. Las tendencias menores que existen dentro de las grandes tendencias, ocurren principalmente por dos razones: 1-El Mercado de Divisas moderno fue concebido por el sistema financiero global como una herramienta para la especulación, para obtener beneficios en el corto y en el mediano plazo, desde varios días hasta varios meses. 2-El mercado Forex presenta 3 sesiones al dia(Asia, Europa y America), con distintos usos horarios, lo que provoca cambios de tendencias más frecuentes que en el resto de mercados bursátiles Una de las primeras decisiones que tiene que tomar cualquier especulador es definir su propio estilo. Existen 4 tipos de estilos: 1-Largo plazo. …
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ijayakumar avatar
ijayakumar 20 Nov.

Could have been better if you structured the article better!

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1-Close stops.2-Enter only at the point of least risk.3-Study what the market pattern is telling you.4-Learn the habits of the traders who know what they are doing.5-Prepare before you sit down to trade.You have to understand that it does not matter what you think the market will do, it will not go anywhere unless there is an imbalance between the buyers and the sellers. One side needs to be winning for the market to trend.The other thing is that you can enter the market at anytime you get a signal that is valid. These signals appear 5 or 10 times a day.Novices never get to learn that the market is easy because they rush in without studying the market flow. Many just listen to brokers and they do not have on line data to see what the market is doing.You have to have the facilities of the professional trader to call yourself one. Most of all you have to act like one.The biggest common fault of losers is that they take a position and will not get out of it when the writing is on the wall that they were wrong. You will always know when you were right and you will always know that if you took a trade and it didn't do what you thought it would you are nowwrong. If it look like it is not…
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SpecialFX avatar
SpecialFX 23 Nov.

Mado, try to include a few images/charts in your future articles, because that way you could have more "quality" points :) Some good advice in this article though, especially the bit about traders not closing their losing positions, that is a big problem inexperienced traders face. Letting losses run and then quickly closing their profitable positions is a recipe for disaster.

doctortyby avatar
doctortyby 25 Nov.

By close stops, what range of pips do you mean?? Over the medium term and long term close stops are different on the spread of the price over the price action chart. Over the short term, intraday trading and scalping, close stops will take you out because of the noise in the markets.

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        There are a lot of things to consider before taking a trade{I}  First and for most is the broad market.  you have to determine where the broader market is at by this i mean due to a lot of correlations in the currency market, you need to be cautious not to become so focused on an individual currency you forget to consider what is occurring in the overall markets. Once you have your overall market forecast, you will the search for investments that will provide the best opportunity to take advantage of your broad market analysis. {II}   Fundamental analysis is also a key indicator in a productive strategy. It is the cornerstone of investing. In fact, some would say that you aren't really
investing if you aren't performing fundamental analysis' Because the
subject is so broad, however, it's tough to know where to start. There
are an endless number of investment strategies that are very different
from each other, yet almost all use the fundamentals{III}. A technician on the other hand will say that fundamentals don't matter, The chart of the currency pair will tell you its time to buy or sell.  The technical analyst will carefully study the charts because he knows that certain…
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NagarajaAdiga avatar

i pity you pete! why does the links in the article lead to learntotrade***.com? you didn't get time to remove the links while copy pasting the article posted in that site?

OneGoodTrade avatar

Nice article. I think NagarajaAdiga is wrong but I like his observation spirit. You used those links to help the readers to go in the details of the matter.

NagarajaAdiga avatar

thanks for updating me your idea. That's really fantastic. keep up the work.

MrSami avatar
MrSami 12 May


Generally speaking, I am agree with you.Especially if one is running a real account, main capital should be large (as you said should be > 25K)

My observation(s) tell me that people come to forex markets for making money in a small time and with minimum effort and minimum capital. Most of them try to do trading as a part time job. (just like all large banks and investment companies - just joking but telling the truth)

These are my opinions... Good luck +22

kkforex avatar
kkforex 23 May

NIce writeup 1+

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Most likely you’ve never heard of three sisters named Susan,
Judit and Sofia Polgar. Next to you, they probably have more to do with your
success as a trader than anyone else. I know that’s a pretty bold statement,
but it’s true none the less. So who are they and how can they have such an
impact on you if you have never heard of them.
When the three sisters were still young, their parents
decided to try an experiment with them. The thesis statement for the research was
simply “Geniuses are made, not born” The girls were educated at home and were
specifically taught to play chess. Each of the three sisters are currently
internationally ranked chess players with several titles for each of them, as
well as Grandmaster status.
As it turns out, science is now proving the Polgar parents
correct. One scientist currently studying how people become experts in their
fields is K. Anders Ericsson. In his research, he has found specific traits in
people that are highly successful in their fields and has been able to lay out
specific guidelines for achieving greatness.
First the research states that three conditions must be met
for someone to be judged an expert, and they are:
The expert consist…
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ikhall avatar
ikhall 2 Dec.

Thanks @hakala, I am looking forward to the articles this month. I saw quite a few good ones last month.

jhfxer avatar
jhfxer 4 Dec.

Nice, well thought out article. Where can I get the ericson articl u talk about? +1

ikhall avatar
ikhall 5 Dec.

jhfxer, I sent the link to you. Thanks for the input, I'll check you articles and comment.

ritesh avatar
ritesh 10 Dec.

Nice article, a must read I'd say. keep more coming +1

skytrader avatar
skytrader 18 Dec.

+1, i did not read thos one before, although it ws your first this month! nice idea... looking forward to your next ones!

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Warning: this article is NOT about trading plans, golden systems, reasonable money management, psychology of trading and most of all quitting.  Only constructive, cold analysis for better understanding of matter. Forex market attracts many young, ambitious minds filled with dreams. They all are lured by illusion of quick gains. They read somewhere that majority of people lose on forex market and they think “Not me, I ‘am not majority, I’ am going to show them!”.  But after couple of months of excitement learning, after testing hundreds of strategies and blowing deposit couple of times the illusion is starting to blur out. They are starting realize that this is not that easy as it was looking at the beginning. Now, how people are achieving proficiency and success in any category of life? They are practicing, practicing, practicing. They make mistakes, learn from them and then practice some more. Ok, but why forex trading is so distinguish from others disciplines? The cost of mistake. The success is useless, because it teaches us nothing. Mistakes in other hand brings us value experience from which we can learn,  that way we can develop our skills and make progress. But different …
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doctortyby avatar
doctortyby 13 Sep.

If you don't make mistakes, Success is just luck, and sooner or later turns against you.
Good Luck, My friend, +1

Iraklitos avatar
Iraklitos 13 Sep.

Good article. The problem in ForEx though is that there is no easy way to measure what is a mistake, so that to learn from it.

Livornese avatar
Livornese 13 Sep.

Some food to the brain! Good points!

amerfx86 avatar
amerfx86 14 Sep.

very good article :-)

Blackberry avatar
Blackberry 15 Sep.

Very nice article :)

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