The Daily Trading Coach – 101 Lessons for Becoming Your Own Trading Psychologist

My reading book for this coming week – The Daily Trading Coach Preview of the book: Every trader is an entrepreneur. And just as a new business must capitalize upon the strengths of its founders, a career in the markets crucially hinges upon the assets—personal and monetary—of the trader. As an active trader and a … Read more The Daily Trading Coach – 101 Lessons for Becoming Your Own Trading Psychologist

Automated trading vs manual trading in Forex market

Talking about automated trading and manual trading which type of trading is best and why? Below are my opinions. It actually depends on whether you are news traders or technical traders. I personally do not trade on news or reading fundamental news. My trading style is 100% technical and based on 100% mechanical system. For … Read more Automated trading vs manual trading in Forex market

I’m sure I’m a Realist Forex Trader – The Dreamers vs The Realists

It is often said that 95% of people who trade the foreign exchange markets lose money, while only 5% of people actually make money. To begin with, this means that those 5% are making an awful lot of money, because for every loser, there is always a winner. This is the very nature of the … Read more I’m sure I’m a Realist Forex Trader – The Dreamers vs The Realists

How Do I Read My Expert Advisors (EA) Strategy Tester Report

For me, I will only look at 4 important parameters: 1. Mismatched Charts Errors must be zero (0) 2. The Modelling quality must be 90% These show that there are relatively no chart errors during the testing of the EA. 3. Total net profit – Am I satisfy with the net profits? 4. Maximal drawdown … Read more How Do I Read My Expert Advisors (EA) Strategy Tester Report

5 Characteristics of a Good Forex Trader and 5 Characteristics of a Novice Forex Trader

Good Trader A strong innate drive to improve and develop trading skills on an on going basis. An understanding that even with a brilliant trading system the trades require discipline, focus, and monitoring. The outcome is to trade the system correctly and not focus on how much money is being made or lost. Having a … Read more 5 Characteristics of a Good Forex Trader and 5 Characteristics of a Novice Forex Trader