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Learn to Trade Keeping it simple

The main cause of failure for any trader is taking a simple process and by sheer force of will power making it complicated. Trading is a VERY simple business. The path to success is to STOP trying to rule base your trading on singular components.

Example: When looking at PAT charts a high volume flag means nothing. A wide bar means nothing. A historic Belief level means nothing, and so the INDIVIDUAL list goes on. What DOES mean something is to keep your analysis WIDE, that is take a global view, then play a “What if” game. Take all the components you can and then make a decision with a 51% edge.
NEVER tell yourself that this WILL go up or down. Telling yourself this will cause commitment to ONE side. It will build a BELIEF in you that your belief WILL work out, it will build a belief that YOU are right!
Yes you need rules, but rules that set you free, not rules to constrain your trading and place you into a 100% fixed rule based system which is destined to fail.
The video below looks at how simple trading, should be, is and can be when your are using PAT correctly.

Demo Forex Trading

Written by Administrator
Tuesday, 11 March 2008 20:46
You can open a demo account for free with most Forex brokers. This account has the full capabilities of a "real" account. Why is it free? It’s because the broker wants you to learn the ins and outs of their trading platform, and have a good time trading without risk, so you’ll fall in love with them and deposit real money. The demo account allows you to learn about the Forex markets and test your trading skills with ZERO risk. YOU SHOULD DEMO TRADE FOR AT LEAST 2 MONTHS BEFORE YOU EVEN THINK ABOUT PUTTING REAL MONEY ON THE LINE. I REPEAT - YOU SHOULD DEMO TRADE FOR AT LEAST 2 MONTHS BEFORE YOU EVEN THINK ABOUT PUTTING REAL MONEY ON THE LINE. "Don't Lose Your Money" Declaration Place your hand on your heart and say... "I will demo trade for at least 2 months before I trade with real money." Now touch your head with your index finger and say... "I am a smart and patient Forex trader!"
Last Updated ( Tuesday, 11 March 2008 20:54 )