Category Archives: Forex trading psychology

Psychology of forex trading

You don’t want to hear it, but it’s crucial to your forex trading success…

June 29, 2007 – 8:34 pm

If you’re new here, you may want to subscribe to my RSS feed. Thanks for visiting!If you are not an institutional investor right now, put yourself in the position just for a moment, that it is your JOB and function in life to trade,each and every day except for vacations/holidays…
You sit down at your […]

By Sam Beatson | Also posted in Forex Trading | Comments (0)

Stop Loss Money Management

June 29, 2007 – 9:20 am

Using a stop-loss in forex trading is a money management tool. One of the questions I get most often from members and query makers is where do you set your stop loss?
There’s a plethora of myths, systems, strategies, must-dos, never-do’s etc all over the internet regarding how to manage your money as a forex trader […]

By Sam Beatson | Also posted in Forex Trading | Comments (2)

Forging A Forex Future…

June 21, 2007 – 2:27 pm

Do you have a trading plan?
What is a trading plan?

How can you have a trading plan when you don’t know what’s going to happen?
When do you need a trading plan?
A trading plan is a series of goals or stepping stones which are going to take you towards the fulfillment of your objectives for trading the […]

By Sam Beatson | Also posted in Fundamental analysis, Technical Analysis, Forex Trading | Comments (0)

On doing homework…it pays!

June 19, 2007 – 8:14 am

A absolute core facet to successfully trading the forex market and making a 6-7 figure income is to do your homework.
As Bill Lipschutz says in The New Market Wizards by Jack Schwager, the forex never sleeps and to plug in to the market is really essential.
Doing you homework means that before you even have switched […]

By Sam Beatson | Also posted in Market Analysis, Forex Trading | Comments (3)