Overcoming Greed

No, I'm not here to tell you that I've overcome greed.However, I can tell you how damaging it is to let greed get involved in your decision making process. Generally, it works like this:You see a pair moving in a direction, let's say up, and you want aboard before the big move.You grab a piece of this pair right then, so you won't be left behind.You look at your charts and see that you've bought

Timing Market Entry

I've noticed that the Forex markets move both fast and slow.If you are busy sinking money into some carry positions, the market might suddenly decide to go sideways, or perhaps down, for the next week. So, you go underwater and don't get to lighten your load on subsequent upswings.However, if you are light in the market, a piece of news will drop and leave your jaw on the floor as you miss out

Forex Day Trading System : importance of correct forex charts

Forex Day Trading System : importance of correct forex charts to follow tradeI have observed that most of the traders and newbies generally tend to focus on the book to learn trading stratgies or systems and not focus on rest of the essentials. What they don't realize is that it doesn't matter if you have wheat in the house and not the utensils to cook it.Same goes with forex trading. Along with

Forex Day Trading System - USD booms

Forex Day Trading System - USD booms!!Anyone who is watching the currency trading charts must have realized that the USD is bullish the big time..And its bullish across the board with EUR, GBP, CHF, AUD, NZD everyone stumbling against Greenback retaliation..Except JPY!! Yes, Yen is giving bigtime pounding to the $$..Thats because the JPY is too much driven by the fundamentals..Thats the primary