I hope you’ve read my post from yesterday and already downloaded a complimentary copy of Norman Hallett’s new book.
Norman is widely regarded as the man to go to when it comes to Trading Discipline and his new book, “Taming Risk” is a must have item for any trader… Especially as it’s complimentary (for today at [...]
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Whenever someone asks me what’s the most important thing in Forex trading my answer is always risk management. Unless you know how to manage and reduce your risk, you will never be a long term profitable trader. Most traders lose money due to bad risk management habits. You have to know exactly how much you can [...] If you’ve had a chance to read about the new NFA regulations concerning Forex trading through US based brokers, then you know that traders have a serious adapting process to go through. It’s basically a FIFO rule where the first trade you make in a given pair has to be closed before any other trade [...] As you may or may not be aware the NFA has issued new trading regulations for the Forex market which began taking place on August 3rd. This basically prohibit OCO trades (one cancels the other). This means that if you have 2 or more positions open on the same currency pair that you have to [...] |
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