Part Time Currency Trader

Sunday, August 31, 2008

As I've written before it is quite easy to become a currency trader. The harder part is being a currency trader that doesn't lose money. You see, according to the scuttlebutt on the forums, about 90% of new traders end up losing their money to the market.Are you thinking about trying your hand?I'm not here to talk you out of it. I myself am a part time currency trader. By day I work at my

Forex Reflections

Sunday, February 17, 2008

Saturday is a good time to reflect on Forex activities.What did the markets do? What did I do? How much cooperation was there between these actions as measured by achievement of my goals?As time passes, and I actively trade, I'm starting to notice trends. The entry points that cause me the most stress, that I end up regretting or being put in a position where I'm forced to make decisions, are

A Winning Forex Trading Philosophy

Thursday, January 10, 2008

I'm starting to believe that being successful trading Forex has more to do with your philosophy than anything else.You cannot trade based on how much money you want to make. You cannot trade based on how much money you need to make. This means that you can't push money into the market, desperately searching for opportunity, risking a large portion of your net asset value in the process.You must