Money Management, Part 1
Money management overlaps with risk, trade, business, and personal management, yet it has many aspects that make it unique, distinctly different from all of the other areas of management. In this chapter we want to examine some areas of money management that seem to involve mental quirks leading to costly mistakes…
Adaptation to the Realities of the MarketMany times in the past I’ve written about the need to adapt, the need to be able to change your behavior relative to the market because the markets are ever changing. I’ve stated that mechanical systems may be workable, but for only a short time relative to the life of markets. You must learn to trade what you see and to understand what you see on a chart.
The Nature of the Trading BusinessConsider the following: As a trader you are in a business. Your strongest opponent has plenty of capital. He follows a program and he does it without emotion…
DisgruntledYou are in a bad trade and you’ve missed out on a great trade. You become disgruntled. You think to yourself that your trading plan must not be so great. You think there must be a better methodology that you should use that will prevent this from happening. You think to yourself, “Yes! That’s it, I’ll change the way I do things.” So you create a new rule or modify an old one so that such a rule would have let you capture the trade you missed and avoid the one you took. Have you been making this mistake?
Money Management, Part 2There is a huge difference between being risk averse and fearing losses. You must hate to lose. In fact, you can program your brain to find ways to not lose. But not losing is a logical thought-out process, rather than an emotion-based reaction…
The Secret of Reduced Margin SpreadsOne of the best kept secrets in trading is that of reduced margin spreads. You cannot name a trading method that provides more safety or a greater return on margin than does a reduced margin spread, while also being one of the least time- consuming ways to trade….
Forex TradingFOREX Trading / Currency Trading: Foreign exchange market, or better known as FOREX, is the world’s largest and most prolific financial exchange market originated on 1973. Bearing the status of largest and most prolific…
The Seven Most Traded Currencies in FOREX.Currencies are always traded in pairs in the FOREX. The pairs have a unique notation that expresses what currencies are being traded. The symbol for a currency pair will always be in the form ABC/DEF.
The Margin Advantages of Trading FOREX.There is one aspect that is considered as one of the best advantages of FOREX Trading. This is related to the amount of money you need to place on a trade and it is known as “Margin”.
Advantages of Trading FOREX Over Stocks and CommoditiesThere are many advantages for you when trading FOREX over other instruments as Stocks and Commodities. First of all you don’t need a Diploma or Certification, you don’t pay fees to a broker and you can do it from your own computer. These are just examples of the great advantages you will get trading FOREX.
What are Your Options Regarding Forex Options Brokers?Forex option brokers can generally be divided into two separate categories: forex brokers who offer online forex option trading platforms and forex brokers who only broker forex option trading via telephone trades placed through a dealing/brokerage desk. A few forex option brokers offer both online forex option trading as well a dealing/brokerage desk for investors who prefer to place orders through a live forex option broker.
Forex Market Overview“FX” is an abbreviation of “forex” or “foreign exchange.” Foreign exchange is the largest and most liquid market in the world trading approximately $2 trillion every day (that’s over 30 times the daily volume of NASDAQ and NYSE combined).

