What is the 'truth' of trading? Is it the secret of wealth? Could it possibly be that, in the long run, your efforts towards trading are wasted? Is it that you must belong to some underground trading cult to succeed? May it possibly be that to trade well, you must know everything about the fundamentals? Maybe it is discovering that one indicator that will tell you where every turn will occur before it does.

When it comes to trading, one of the most neglected subjects are those dealing with trading psychology. Being aware of all psychological factors that affect every trading decision will put the odds in your favor.

Summary:

1. Fundamentals & Technicals
2. Rumors and News
3. Fear and Intervention
4. Flock Mentality
5. Conclusion

What makes the best traders successful?
Are they "lucky"? Have they discovered some "secret" indicator?
No.
They've learned the truth about trading. Trading success is a simple as 1-2-3.

Summary:

1. Taking responsibility of your capital
2. Cut your losses early and let your Profits Run
3. Discipline

Courage Under Stressful Conditions When the Outcome is Uncertain
All the foreign exchange trading knowledge in the world is not going to help, unless you have the nerve to buy and sell currencies and put your money at risk. As with the lottery “You gotta be in it to win it”. Trust me when I say that the simple task of hitting the buy or sell key is extremely difficult to do when your own real money is put at risk.

In this Forex course we will review some steps you need to take care before you venture into your trading journey. Most traders venture into the Forex market with little or no experience in the Forex market. This results in painful experiences like loosing most of the risk capital, frustration because it seemed so easy to make money, etc.

The challenge of forex trading is greatest when a trader has put on a position and it has moved the other way. The response to adversity is the true test of your grit and intellect. To help in such trying times, this column is dedicated to offering a few strategies for when the losses are piling up. Here are the traditional methods of limiting losses:

Should new Forex traders take Forex trading courses or join a Forex training program? Definitely yes; by now you have probably heard that only 5% of traders achieve consistent profitable results when trading the Forex market. The main reason for this is the lack of education.

Writing a detailed plan to guide you in your trading is easy. Following your well thought out plan is difficult. The first question to ask yourself is why are you trading. If the answer is you want to make a living from trading then you must have a written game plan and stick to it. Trading is too much of an emotional roller coaster ride not to have a pre-conceived strategy for taking positions, setting profits and most importantly setting loss targets, among other things.