Trading Psychology

How to Earn Money Trading Currencies?

There is a thin line between profiting in the markets and wasting valuable time.Have you noticed that most successful Forex teachers can teach you a great money making method but it doesn’t make you money? They write great psychological articles and go through an ‘In depth’ tutorial with you yet it doesn’t seem to change your account balance. In the end this is what it is all about. You didn’t come to the FX market to just spend your time on a good read. You came to make money!

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Big pip vs. Small pip

The biggest misconception between traders is that; in order to make money in forex one has to make big gains in terms of pips. This is completely untrue. Pocketing small but consistent profits is as safe and rewarding as pocketing big gains that only come once in a while. (more…)