Good Forex Trading

The dream of earning full-time income from forex trading is the desire of every trader, but only a handful of them eventually get to actualize this dream. To be realistic about what it takes to achieve this goal, one has to apply the proper mindset for this to be possible; and this has to do with employing discipline and patience, which are two vital behaviors of every professional trader. Again, when it comes to forex trading, another thing that should be noted is that there are no “perfect” or “Holy-Grail” trading systems, as you may have been made to believe, according to what is written by some forex websites. On this website, an attempt is made through practical experience to convey information about simple and high-probability trading setups. The truth is that there is no guarantee that forex will start fetching you millions of dollars immediately you start trading, since it is not a get-rich-quick money making avenue; therefore, if you are willing to pay the prize of patiently...

Do you aspire to become a successful forex trader? If you do, then there are common mistakes which most traders are prone to committing, that you must try and avoid. In your journey of learning to become a profitable trader, you are bound to make mistakes, but those traders who eventually start reaping rewards in the markets are those who learn from past mistakes and figure out how not to continue making those mistakes in future trades; this article is geared towards discussing these common mistakes made by traders, and suggest ways of avoiding them. At the end of this article, you will be grounded on what these mistakes are, and learn to do what is needed to avoid them in your market analysis and trading. HOLDING MULTIPLE TRADES AND OVER-TRADING This mistake is typical of 100% of beginning traders and 90% of the rest traders. It is therefore little surprise that 90% of forex traders are in the category of losers bearing the fact that they are all prone to making this mistake. It w...

Success in any area of human endeavor will prove to be impossible if the “hard-work” factor is taken out of the equation. Some folks erroneously believe that luck will someday shine on them to achieve their dreams of success in life, without consciously putting in the effort required to actualize their goal, thus they perceive luck as something that occurs by chance. But to the contrary, wise folks on the other hand see luck in a different light, as what takes place when preparation collides with opportunity. The latter school of thought hints us about the lifestyle of the successful ones. Nothing can be farther from the truth than to think that we can become lucky someday and make it big through a mindset of idleness. If you can study the lifestyles of successful people to see what happens behind the scenes, one thing you will realize is that success came by spending donkey hours of hard work and unwavering commitment to following their routines. The behavior of successful people is...