Search Result (4 Snaps)

Is It Possible to Become Overconfident? | PL: 258  Category: Training | Comments (0) 2010-01-23 17:13:56 Is It Possible to Become Overconfident? Over confidence can be damaging to the trader as much as lack of confidence in executing trades. Any emotional extreme is an unwelcome quality in a winner’s mindset. After making a great winning streak there is a tendency for many traders to become complacement, cocky and careless. When a trading system is working well there can be a natural human inclination towards the feeling of infallibility. The trader can be impaired and start trading on gut feeling. This is not a good sign of trading...   Tags: FX training, Live trading rooms, Coaching   Member: Shane Fry | 31 Snaps

Global Market Trader - European FX Live Trading Session - 11 January 2010 | PL: 431  Category: Training | Comments (0) 2010-01-12 15:14:05 European FX Live trading session 11 Jan. 2010 This video has been brought to you by YouTube   Tags: FX Training, mentoring, signal service, coaching   Member: Shane Fry | 31 Snaps

Developing a Trade Style - Part 2 | PL: 87  Category: Training | Comments (0) 2008-09-16 18:35:41 Natural size Developing a Trade Style - Part 2 Ok, well we defined that there are dozens of styles, now let’s talk about indicators and timeframes. On the subject of timeframes, there are 2 schools of thought; one says that multiple timeframes are mandatory, that to have a trade plan that doesn’t include larger timeframes for overall trend would kill your account. Then there is the other school, all you need is one timeframe, use that get what you can get between the resistance and support. I believe in both, with a caveat,...   Tags: Forex Training, Trade Style, FX lessons, FX training   Member: Andy Stapleton | 10 Snaps

Trend Trading, can you build a system? | PL: 93  Category: Training | Comments (0) 2008-08-28 03:43:47 Natural size Trend Trading, can you build a system? All right, we have gone thru several things, last thing is looking at trends, we all know “the Trend is your friend” this is true. So the qestion is, where does a trend form, where does it start and when should you look to enter? that will depend on your risk, all I can say is pick 3 timeframes, So lets take Day, 4hr and 1hr timeframes, what we are looking for is when all three line up and run, we will trade that direction. each time the 1hr retraces we wait till the other 2 line back up and...   Tags: Forex Training, FX Training, Trend Trading, Forex Trend   Member: Andy Stapleton | 10 Snaps