Monday, August 17th, 2009
by Ahmad Hassam
You should give utmost importance to proper money management in your trading as a currency trader. Many learn a few forex trading strategies and jump into live trading. Most traders dont give much time to money management. When they lose a good portion of their equity, they realize the importance of money management. You dont need to do this.
The most important thing for you as a trader is to develop trading discipline. Discipline is the ability to plan your work and work your plan. Give your trade the time to develop without hastily taking yourself out of the trade because you are uncomfortable with the risk. Read more... (569 words, estimated 2:17 mins reading time)
Tags: Business, business;finance, commodities, Currency Trading, day trading, Finance, futures, investing, investment, options, real estate, stock market, swing trading, trading
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Sunday, August 16th, 2009
by Ahmad Hassam
Develop trading discipline in yourself if you want to become a successful trader in the long run. In a trading session, lets you come to a point in your market analysis when you have no confidence on the accurate direction of the market forecast. Always remember, a lost opportunity is better than lost capital. Choose not to trade.
Wait for the market conditions to become clearer. Increase the probability of success by trading when the trade setups are strong. This is far more important in forex trading than in stock trading. The forex markets move a lot. Read more... (641 words, estimated 2:34 mins reading time)
Tags: 4, 401k, A, b, Business, d, day trading, e, Ecommerce, education, futures, h, hedge funds, internet;business, investing, m, making money, n, o, options, p, pension funds, r, s, swing trading, t, trading, u, w, wealth
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