Archive for the ‘day-trading’ Category
Forex Scalping Systems – if You Want to Lose Your Money They Will Wipe Out Your Account Quickly
More novice traders are attracted to day trading than any other time span and most start with a forex scalping system, bought from a vendor and then they lose. You can’t win with forex scalping for the following reason….
If you want to win at forex trading, you need to get the odds on your side and this means isolating areas of support and resistance to key off and you can do this in long time frames but not within a day – it’s a fact all daily volatility is random, so you cant trade the odds and that means you cant win.
If you think about it its pretty obvious daily volatility is random.
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Are Your Images of Your Trading Day Motivating or Frustrating?
The images of today’s society are thrown at us to encourage us to want bigger and better, more, and faster. We are literally bombarded with high priced images and images that draw on our human desire to succeed in our lives. Status symbols are all over the place and often we know from the beginning which ones will excite us. Whether we want large yachts, expensive cars, million dollar homes, or a life of financial freedom, we all want something and we focus on the images that spark desire in our lives.
The day trading lifestyle often conjures up images of successful people playing hard with their expensive toys. Day trading attracts the people who want some of the biggest and Read the rest of this entry »
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