Are You Trading Or Gambling? How to Tell And What to Do
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I just received this question this morning from a client and it seemed worth sharing with you. “I keep hearing trading is just gambling. Any thoughts on that?” And here is my perspective, “If you are placing trades WITHOUT a properly formulated and measured system, you are gambling. Here’s why: gambling by definition means a game of chance. A proper …
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Your 2013 "Last-Minute Trading Readiness Checklist"
Are you ready to go for 2013? Do you have everything in place to make sure that 2013 is a highly-fruitful year? Here’s a quick checklist, just to help you make sure that you’re giving yourself every advantage Your 2013 Last-Minute Trading Readiness Checklist Motivation – to carry you through the year and all its challenges Carrots and sticks to …
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How to Get the Most Out of Your Trading System
There are two primary steps you must take to really get the most out of your trading system. After all, the reason that you entered trading is to make money, so it only makes sense to maximize the effectiveness of your trading system, right? The first thing you must do is to have a clear and written trading system, preferably …
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Great News For Forex Traders Using Ninja Trader And Those That Would Like To
Have you ever been paid to ask a question? Well, my friend Adam Halpern is giving away $100 Gift Certificates to anyone who asks a question about Forex. This needs a little explanation. You probably already know you can now access THE premiere Forex broker, FXCM, through the NinjaTrader platform. But what you may not know, is how this partnership …
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The 3 "C's" To Document Your Trading System
Did you know that regardless of how good the strategy or method you have, there are specific qualities and characteristics of your trading system itself that directly and indirectly affect your mental and emotional state? The manner in which your trading system is put together could be making it difficult for you to trade it well, to stay disciplined and …
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Trading Psychology – Trouble Sticking To Your Trading System?
Having trouble sticking to your system? Is it possible that you are trying to trade without a real system? No, I’m not being sarcastic or funny. So many traders come to me looking for help with their confidence or discipline, just wanting to be able to stick to their system. But what we find rather quickly is that they don’t …
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5 Bad Assumptions Trader Make About Trading Systems
“The problem ain’t what we don’t know. It’s what we think we know that ain’t so.” – Will Rogers, Political Humorist of the early 20th Century There are a number of bad assumptions that are commonly held about trading systems. These create false-confidence that leads many good people to go ahead and trade thinking that they are okay when they …
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Trader Training – Independence Day Is Arriving Soon. Are You?
It’s all about freedom isn’t it? It’s so that money isn’t ruling your life anymore. You trade so that you can have control over your financial resources and no longer be dependent on a J-O-B for your livelihood. So that you can provide for those that you care about. So that you can be generous without guilt or hesitation So …
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Learn To Trade Forex – Can It Really Be Simple And Without All the BS?
At first trading seems extremely simple, and compared to many other occupations, it is. But then you jump in and it doesn’t take long until you realize that it isn’t that simple. In fact most clients that come to me are rather astute individuals, yet they are feeling quite humbled because they’ve not been able to master this seemingly simple …
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