Been Away for A While

Hello all,

I bet you thought I gave this blog up………..no no no!!!

Our site is undergoing some renovation. We won’t be offering signals anymore, there or on this blog, too many “government complaince issues”.

Any way I found this little report I wanted to post called “The Seven Deadly Sins Of Forex Trading.

#1 Impatience:

Don’t jump the gun wait for a trade to develope. People think you can only have two types of positions, Long  or Short, well there is a third, Flat……not in the market…….and sometimes thats the best position to be in.

 

#2 Lack of a Clear Vision:

Goes right back to “Make a plan the Trade the Plan”

#3 Sleep Deprivation:

Don’t laugh, if you don’t live in Europe, trading the FX market is usually a night job. If you don’t get enough rest while the sun is out, you won’t be able to think clearly when you start trading

#4 Over Trading

Goes Back to Disciple, Patience and executing your plan.

#5 Reliance on Outside Sources

Now this one is tricky because A) you need outside sources to learn from and B) some sources can be really beneficial, you just have to stay away from the Junk

    PS: That what our website will be doing in a week or so, reviewing different types of FX  products, software, charts, trading systems, indicator etc., to help people weed out the crap and concentrate on what has value.

#6 Superficial Research:

Basically being lazy and not doing enough work planning out your trades.

#7 Over Leveraging

This, to me, is the deadliest of them all. Read this article and see how you can make 80% return on your account in one year with NO MARGIN, just trading cash.

 

Good trading to all!!!!!