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In this interview the importance of a trading plan is discussed.Tom: 'Well when many traders and get into trading they concentrate on the strategy how they're going to decide when they're going to buy and sell, what kind of profit they are going to make and they focus on that. The higher percentages we know from the statistics don't make it in the trading business and you feel that's because of their lack of a plan. So explain what you go through when you get someone on the right track.Stuart: 'Yes absolutely I think you've hit the nail on the head there. I think people are attracted to trading clearly for the money and how much money they can make. Therefore they focus on the first decision they make in the whole trading process and that is when to enter a trade. That is the first thing we need to do and therefore they focus on that. And I think they ignore other things at their peril.Clearly a complete trading plan is three things and there is nothing new here. There are the three 'm's': the mindset, the money management and the method. So many people focus on the method and they really do ignore the money management or the mindset or the psychology. I think a lot of people...more
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Now that Africa is becoming one of the world's best business venue,competition might get tougher. All types of businesses will need amore intense and effective business modeling to keep up with theheat of the battle. Doing business in Sub-Saharan Africa will becomeharder to bear because of the rise of more foreign investments.Business in Africa...more
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The Truth about Abs is a program written by Mike Geary, who is an individual nutritionist and trainer. It is an eBook coming into being in 2004, which represents an efficient way to lose weight and to gain six sexy abs. Instead of...more
Understanding the world of search engine optimisation, or SEO, can be hard if you are new to the field. However, Katie Gatto, writing for SEO Chat, has a number of strategies which can help to increase web rankings and avoid the...more
There are a number of different penny stocks advice programs available today which each promise to deliver profitable stock picks right to you so that you don't have to know or do anything beyond enacting the recommended trades. This is...more
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When we talk on forex knight rider there is always a corresponding forex trading strategies which became the key to successful forex trading or what we call online currency trading. Eventually this specific knowledge on forex trading...more