Tag: range

The winning trader may be the disciplined trader.Discipline means controlling impulses and controlling emotions.As many new traders can let you know, however, maintaining discipline is frequently easier in theory.Just because the the greater part of market participants are driven by fear and greed, many new traders find it hard to avoid succumbing to self-doubt and panic.We are trend followers and our "edge" to profiting in the markets is named trend timing...

Reducing risk to your cash and protecting your trading capital must come prior to making profit the currency markets; it should always be placed first in your thoughts when trading.You need to learn and be more comfortable with this being your first priority when trading.I understand that sounds just a little strange, but it's 100% true and an essential mindset to find yourself in.In the end, you can't play the overall game unless you have the dollars...