About Writer Stuart McPhee is recognized as a leading trading coach and expert when it comes to developing solid and profitable trading plans.Discover what most traders never realise which leads to their downfall. Learn about the importance of having the right trading mindset, sound money management and a solid method - The 3 Ms! Click Here ==> http://www.trading-plan.comReceive Stuart’s free trading tips by signing up for his ezine at: ==> http://www.trading-plan.com/ezine_registration.html
Why Do Traders Fail? Unfortunately for a lot of people who start trading, the majority of them will find success difficult to achieve. Often quoted figures suggest that around 80% of traders fail in the market and higher figures are used when discussing futures trading. One can only wonder what the 10 – 20 % of people are doing right as opposed to the vast majority who leave the market with less money than what they...... Similar Editorial : How To Fail by Troy Pentico. | Source : Commodity Trader
Why Break The Trading Rules? There are a few trading rules that have stood the test of time and enable traders to trade profitably, yet a lot of people fail to follow them. The rules are no secret to anyone as you will find them in many trading books and other materials. The rules like ‘cut your losses’ and ‘follow the trend’ have worked for hundreds of years yet most people ignore them! Money is something that affects people...... Similar Editorial : Day Trading rules by Stapin Brown. | Source : Timeshare Software
Sometimes, You Need A Break From Trading In his book, ‘Trade Your Way to Financial Freedom’, the renowned American psychologist Dr Van Tharp discusses in several parts how important your psychology or mindset is to your trading success. He graphically depicts the significance of your psychology using a pie chart and explaining that it is the most essential ingredient to trading. To many who have traded for an extended period of time,...... Source : Timeshare Software
How Important Are Your Exits When Trading? One of the things that separates successful traders from the majority of market participants is that they have a detailed plan that guides them when to close trades. For them, this is essential. It is fair to say that when a lot of traders buy shares they have little idea of under what conditions they would consider selling. It would also be fair to say that a fair percentage of market...... Similar Editorial : Top Dollar Exits by . | Source : Timeshare Software
Get Out Of The Trading Comfort Zone Many people who have traded have heard how important your psychology, or mindset is to your trading success. Books have been written, entire seminars presented and numerous tea breaks at traders club meetings across the world are devoted to the subject of the ‘psychology of trading’. Many traders would argue, I included, that your mind is the largest part of your overall trading success. I always...... Similar Editorial : Combat Zone by infoserv. | Source : Timeshare Software
