Time to Build Your Storm Shelter

On a recent post tilted “Perfect Storm” I wrote of the impending economic storm that is beginning to form in the American economy. In fact, this storm is brewing in most industrialized nations (thank you Margaret – if anyone still thinks all Americans are rich just look at last years hurricane disaster in New Orleans!). The largest generation is getting older and the working population is getting...

Forex Discipline

When it comes down to it, all successful traders have learned to mastery one important skill … discipline! As I progress as a trader, whether it is on my home court (the forex market) or on a road trip (trading options), discipline has been the skill that has made me more profits and lack of it has been the major contributor of all of my losses!Living in the western portion of the United States requires...

Forex Money Management

This may be my quick version of forex money management, but there is nothing more important. As I have been told over and over again, any one can get into a currency trade, but those who are profitable forex traders know when to exit a trade.This is for profits as well as loses!I find that the best forex trades I put on are those trades where my emotions are not a factor in the currency trade to begin...

FEAR and FOCUS

Is fear preventing your from achieving forex success? By now I know everyone has heard of the acronym for F.E.A.R. (False Evidence Appearing Real). Sometimes to get over the hump and put fear in our rear view mirror only requires an attitude check! Adjusting our attitude can build our confidence and basically get our heads out of the way and journey on to forex success!Author’s Mark Victor Hansen...