Learn to take losses. The most important thing in making money is not letting your losses get out of hand – Marty Schwartz Accepting loss to gain trading consistency is an interesting paradox. Every good trader endures loss. The difference between a successful trader and failure is understanding how to handle loss. Whether we choose … Continue reading Accept Losses and Become a Consistent Trader
Without a trading plan, successful trading is unlikely – you’re effectively driving blind.
The problem is new traders fail to recognise the significance of a trading plan. This may address why many traders find it difficult to accomplish their goals in this business.
From institutional investors hedging portfolio risk to independent retail speculation, the foreign exchange (FX) market caters to a diverse community.
Dependent on financial circumstances, time constraints and trading experience, starting capital varies for retail traders.
Success is no accident. It is hard work, perseverance, learning, studying, sacrifice and most of all, love of what you are doing or learning to do – Pele Trading consistently is tough. It challenges you in ways you’ve not likely been tested before. So, what separates the successful traders from the pack? It boils down … Continue reading Do You REALLY Have What It Takes to Be a Successful Forex Trader?
Do technical trading patterns exist and are they profitable? This is a question often asked by new traders. Depending on who you ask, the response will differ. Some academics and investors believe patterns don’t exist – that price action is entirely random, whereas the majority of technical analysts are adamant chart patterns exist and are … Continue reading A Primer to Understanding Basic Chart Patterns