The lack of a proper trading plan which includes precise rules for entering and exiting a trade will most certainly guarantee failure over the long term. Beginners usually suffer from the same common ailments. They abandon trading plans purely on impulse because things are not going exactly as how they had envisioned. Repeatedly they use [...]
What is Metatrader?
May 20, 2013 By 1 Comment
MetaQuotes Software Cooperation developed MetaTrader, a trading API platform which specializes in manufacturing financial markets software. When this was written, the MetaTrader 5 or MT5 was the newest version but MetaTrader 4 or MT4 is used widely still. The MetaTrader package has for brokers, a server backend and for clients, trading terminal. The whole software [...]
Being Comfortable Sitting on the Sidelines
May 19, 2013 By Leave a Comment
i.e. why I haven’t gotten back into the Euro since November. I’ve gotten beat by my emotions before. I had a disciplined trading system and I decided to deviated from the system based on what I was feeling. If I was anxious to trade or if I felt that I had to trade each day, [...]
The Importance of Seminars to Boost your Financial Knowledge
May 19, 2013 By Leave a Comment
In light of the tough economic times, learning how to wisely manage and invest your money has become even more crucial to your financial solvency. Financial seminars promise to provide you with an in-depth look at your investment options so that you can make an informed choice about your finances. Use this article as a [...]
Is This Euro Short a No Brainer?
May 18, 2013 By 3 Comments
After getting in on the wrong side of the trade the other day on the Euro, I decided to get back in today. Monday morning is hit or miss in trading. It’s the first time that the US markets can trade for the week but Sunday night usually has most movements priced in from the [...]
Good News for the Euro?
May 18, 2013 By 3 Comments
The Euro looks like a solid play today. I missed the move overnight though. The news was released today about the German producer price index and it seems to have beat the expectations so the Euro rose slightly during the London trade. There is still concern about this rescue fund package that is in the [...]
