I know how to solve your problem — I know you might be looking for some profound answer on why you're failing, but you're never failing if you don't give up. What most people fail to realize is that time will make you a better trader if you ...

All strategies work

The random distributions are the wins and losses accumulated over time using your system. The variables are the techniques and the indicators used with your trading system. If you know you have a system that gives you a consistent 7 out of 10 wins, ...

The Importance of Mental Analysis

Excellent Point — Mr. Green, you are probably right. Now that I think about it, it probably would be better for someone who is seasoned through experience trading the forex to read Mark Douglas' book after a year or two.

The Importance of Mental Analysis

Fair enough. I'll do my best to explain. When I was a teenager, I used to play rummy a lot with my friends. I use to win on average about 6 out of 10 games. It didn't matter who dealt the cards, I always used the same strategy and I never deviated ...

The Importance of Mental Analysis

No.

The Importance of Mental Analysis

I believe in keeping things simple. When successful traders talk about the psycological aspect of trading, this is what they mean in a nutshell. Create a system that you can be committed to that wins more than loses and that creates more profit than ...

The Importance of Mental Analysis

I agree with you. That's why there is an abundant supply of money for the taking. Thanks for welcoming me to FF.

The Importance of Mental Analysis

I use Fibonacci retracements, Trendlines, the 200 and 34 Ema's, and MACD. I only use two timeframes, the Daily and 4 hour charts. I'll elaborate more on how I use them later, but right now, I'm pressed for time.

The Importance of Mental Analysis

Because I use to use this sight for only for the economic calendar. But since I've finally learned how to trade and the importance of mental analysis, I wanted to share that with novices and anyone else who's struggling.

The Importance of Mental Analysis