Daily Archives: May 26, 2010
The Most Common Trading Error
The most common trading error is not using a trading plan.
Before even starting trading, a trading plan should be developed. The trading plan should definitely include information about when to buy and sell a stock. Especially the selling is important. This is the point where most traders fail. By not determining a selling point before starting to trade.
A trading plan can be quite plain or it can be very complex. This is something that every trader has to determine for himself, if he wants it plain and simple or complex. Mostly a plain and simple trading plan will do. … Read more at Forex Trading System Central
Knowing When to Close Your Forex Position
Investing in Forex can be a bit of a minefield, particularly for the novice trader or investor. There is so much conflicting advice out there about what to trade, when to trade, how long you should hold your position, which technical signals you should look for on the charts, which news items are likely to affect currencies, etc, etc. It can all be quite mind-boggling if you are new to the whole thing.
It can also be pretty scary too. Dipping your toe into the water for the first time when making your first forex trade can be an exhilarating, … Read more at Forex Trading System Central
