RISK MANAGEMENT - forex trading books 2013

RISK MANAGEMENT ~ forex trading books 2013

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EVERY BROKE TRADER DOES IT THE SAME WAY - forex trading basics book

EVERY BROKE TRADER DOES IT THE SAME WAY ~ forex trading basics book

Every trader who ever goes broke does it the same way.

I have heard it said that Traders go broke because they are under capitalized, that isnt true. If You can lose $100.00, you can lose $1,000,000.00. The problem is the same in both traders, the refusal to let go of losses. The difference between the pro and the amateur isnt necessarily his/her trading ability. Trading is easy!

The difference is in how he/she takes a loss. A disciplined pro will say, " I will stop the bleeding here if I am wrong." The amateur says, " I am right and eventually the market will come back in my favor." If You are thinking that, You have lost Your advantage.

While a pro will let 10 profitable trade kill 1 loss, an amateur will let one loss eat the profits of ten profitable trades. Both traders had the same number of trades but one will end the month in profit and the other will end the month in stress and pain.
Cutting a loss quickly soon ends your attachment to that trade and allows You to pursue a more profitable trade set-up. Part of the reason it is so hard to cut a trade is because You waited forever for that trade set-up and now You not only have to admit that You did not have the advantage that You thought that You did, but now You have to start the process all over again and with a loss.

DONT MARRY ANY POSITION; THE MARKET CAN CHANGE IN AN INSTANT!!!!!!!!
IT IS ESSENTIAL THAT YOU HAVE AN EXIT STRATEGY (ONE THAT WILL CAUSE YOU THE LEAST AMOUNT OF PAIN)IF THINGS DONT GO AS YOU PLAN!

ANY TRADE CAN TURN INTO A LOSS!

If You play this game long enough, You will eventually meet with disappointment. It happens, cut and move on. The market will give You another chance to make profit.

Never allow yourself to become wounded beyond repair in the market, either financially or emotionally. Cutting a loss means that You love Yourself enough to save yourself.

If You are going to win at this game, You have to have the capital to play and cutting trades that have lost the edge is one way to thrive here.

Gotta learn to save yourself! If You are getting stopped out frequently, You have gotta to rethink your strategy because something is wrong.

Free Your mind to find good trade set-ups by cutting trades that are not working in your favor. Holding on to diseased trades only punishes You and eventually it can break You

The biggest discipline that a great trader learns is how to cut a loss

YOU CAN DO THIS (^_^)

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THE TWO JOBS OF EVERY TRADER - forex trading books uk

THE TWO JOBS OF EVERY TRADER ~ forex trading books uk

Traders obtain all kinds of knowledge, build successful traders vocabularies and spend a fortune on classes, webinars, robots and other complicated systems trying to learn to be successful in the market. The problem with most traders is that THEY COMPLICATE TRADING, heck You dont have to do many things in forex to be successful, but there are two jobs that every traders must master in order to be a true success in forex.

Job #1

PRESERVE WEALTH

Job #2

BUILD WEALTH

Number 1 is much much much more important than number 2 because You can not build on wealth unless You first preserve what You have got. I believe that not preserving the wealth that they already have is the number 1 mistakes traders make.

Preserving wealth and building wealth, doing these two things consistently will bring You more success than doing many complicated things. The traders who are successful are successful more because they are disciplined than they are smart. After some education most of us know the same things; so why is it that a few people are successful here and most are ever grasping at success, but never fully tasting it. It is because while we all have the knowledge, only a few will practice it consistently. I am not successful because I know more than You, I am successful because I am willing to do what most traders fail at. I first preserve wealth by cutting bad trades quickly; secondly I build wealth jumping back in when I see an opportunity and letting the really sweet fat trades run and run and run. As a trader, You will have more chances to enter bad trades than You will good trade, so make the good ones really count.

Successful traders can pass along ideas for forex mastery and success, but no one can really tell You the best way to trade because there are many ways to be successful in forex, but once You have honed in on a good system, trade it consistently and You will come out ahead. No matter which system or time frame You choose to trade remember Your two jobs everyday............

PRESERVE WEALTH!!!!

BUILD WEALTH!!!!

YOU CAN DO THIS (^_^)!

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DANCING WITH THE MARKET - forex trading bangla book

DANCING WITH THE MARKET ~ forex trading bangla book

Dancing with the market can often be a frustrating experience because it is constantly attempting to trip You up on the dance floor.

To make Your dance experience a little more pleasant, You must develop the discipline of a Master Trader.

You must be willing to severe trades that are working against You.

You must be willing to wait for proper trade set-ups.

You must continue to educate yourself.

The market is fickle and temperamental, some might even call it bipolar. Sometimes it is up, sometimes it is down. As a trader You must tread lightly and follow the varies moods of the market until You can see an advantage.

As a trader You only have two jobs when You engage the market in dance.

#1 Keep from being tricked........

#2 Try to put a little money in your pocket...............


That is it!!!!!!! It is as simple as that (^_^)

YOU CAN DO THIS (^_^)

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