Stella's Place was a home furnishings store which had been in business for three years and she was just now getting to the point where she felt she could look forward to success. Her budget had been excruciatingly tight, but she had more and more inquiries from people from different parts of the state. She wanted to find a better way to market to people rather than constantly communicating with individual customers and trying to find them...more
Have you ever wondered why some traders put in 80 hour weeks? I know many people who do this - and have made millions as traders by doing so. These hugely smart people with years of experience spend nearly all their waking hours looking at the market.But trading isn't really all that hard and it doesn't have to take watching the markets 24/7. You spot an opportunity, make a trading plan for the opportunity, make the trade, and wait....more
If you're just getting started in the currency markets, you should make sure that you know the basics of Forex trading before you consider risking your hard earned money. Otherwise, you can be sure that you will blow out your account very, very quickly. Many of the so called Forex "Gurus" out there will cover one or two off these basics adequately, but you need to have all three in place to truly be prepared for the challenges of trading Forex for a profit.The basics of Forex trading I'm talking about are Method, Mindset and Money Management. These 3 Ms form the foundation of every successful trading operation, ignore one or more and you are guaranteed to lose money. The first of these, your Method, covers how you analyze the market, make your trading decisions, and manage your trades. The second of these, your Mindset, has to do with whether you are disciplined and consistent in your trading, and if you are in control of your trading or if it is control of you. Finally, your Money Management strategy is a crucial and often overlooked component of successful trading. Without the proper money management strategy, you are always at risk of blowing out your account, and you...more
If you're just getting started in Forex, learning all the skills of technical analysis and trading tactics can be daunting. Prices seem like they go up and down for absolutely no good reason, and when you look for the answers it seems like everyone has a different opinion about how to trade Forex profitably. So instead of trying to reinvent...more
As a veteran of the Forex markets, I'm often asked how to learn Forex trading successfully. Is it a matter of reading the right trading books? Learning from more experienced mentors or coaches? Buying the best trading system available out there? As much as all these things have their place, the most effective way that you can master Forex...more
Is Forex trading profitable? We're constantly being bombarded by advertising messages claiming that the Forex is a perpetual bull market, with huge profits to be had for anyone who opens up a trading account. If you've traded Forex before though, you'll know that it's much harder to make money than you have been led to believe. The truth is, more people tend to lose money trading Forex than those who actually make a profit from it.Why is it so hard to make a profit when trading Forex? It's a combination of a lot of things really, from lack of market experience and knowledge to poor emotional control and discipline, but the most critical factor of all is that the whole system is actually set up to place you at a disadvantage. Due to the spread that every Forex broker charges, every trade you make is automatically more likely to make a loss than a profit. In other words, without a good trading strategy and execution, you'll suffer from a negative edge when trading Forex.So Why Is Forex Trading Profitable For Some Traders, But Not Others?So why is Forex trading profitable for a select group of traders? The reason why Forex trading is profitable for some...more
For starters, if you remember, TaylorMade's marketing campaign for the original Burner irons made it abundantly clear that they didn't engineer the set as a whole, they paid attention to the needs of each individual iron. They maintained...more
In order to remain profitable trader in the currency market, there are specified habits that you constantly have to conform to. A lot of traders fail not because they are not knowledgeable enough concerning the workings of the fx market, but...more
It is possible to begin your penny stock trading adventure with a relatively small initial investment and this is something that makes it a very tempting prospect for some people . It can be very tempting to try and make a lot of money in too short a...more
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The healing and health benefits of green tea are oft written about. The ancient cultures of the Far East, notably the cultures of China and Japan, have natural remedies not just for specific ailments but for general well being too. The rising...more
I have heard this particular expression used often and in a variety of e-mini trading situations and thought it might be useful to clarify exactly what e-mini traders are referring to when they described a dead cat bounce. Since this term is...more