Trading Tips No 1: Learn How to Trade The Moment of Truth

So you have learned how to trade the markets by mastering a few trading tools like Moving Averages, Channels, Stochastics, MACD, or RSI - that is a great accomplishment achieved by only a few. However, having the tools and rules to trade markets successfully, year in and year out, is only half of the challenge. The other half is far more daunting and achieved by even fewer investors - I am talking about good old-fashioned discipline. That is, discipline to follow your indicators and rules without fail - every trade entry and every trade exit. This is why it is critical that you learn how to trade. This is the 'moment of truth' in the life of every trader or investor.

Here is a test. Are you able to consistently pull the trigger on your sell signal when all the 'experts' are screaming, 'buy'? Do you ever give your stop loss a little more room because you can't stand to lose, not even one trade, only to have the market gap open the next day against you? Are you always available during the trading day to follow your trades? Do you let your emotions cloud your thinking and cause you to violate your own trading rules in the 'heat of battle'? If you answered yes to any or all of these questions, you are absolutely normal and that's the reason why it's so difficult to trade successfully even with a good methodology. If you fail to learn how to trade , you are your own worst enemy, when it comes to disciplined trading or investing.

Is there a remedy for this problem? Yes! The solution, when you are learning how to trade , is to find a good mechanical trading system that provides superior returns consistently over time and a broker to trade it, verbatim, on your behalf. You will have instantly solved the discipline problem and dramatically increase your potential for success.

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If you would like to learn how to trade and
you have a computer and a burning desire to seize
success, then you have what it takes to personally
unearth Bill's Astonishing, step by step trading secrets
?BUT ONLY FOR A LIMITED TIME.

http://www.instantprofitstoday.org
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In The News:


Ruble Rises Against Currency Basket After Central Bank Steps In
Bloomberg - 8 hours ago
Total currency trading volumes reached a record $8.5 billion yesterday, compared with daily trading of about $3 billion to $4 billion, said Denis Uvchukhov, ...
Russian assets tumble amid worries about ruble MarketWatch
Russian Stocks, Bonds Tumble as Central Bank Props Up Ruble Bloomberg
Georgia Sold 13% of its Reserves in August to Prop Up Currency Bloomberg
Bloombergall 23 news articles

KBS

Gov't to Ease Foreign Currency Trading Rules
KBS, South Korea - 8 hours ago
Most forms of personal foreign currency trading under ten-thousand dollars will be permitted starting next year. The Ministry of Strategy and Finance said ...

Citizen

Dollar slips from highs as yen gets stronger
International Herald Tribune, France - 4 hours ago
"Market players are cautious about unrest in global financial markets, which is strengthening sentiment for the dollar," said Kim Sung Soon, a currency ...
Land Of The Rising Yen Forbes
Yen Rises Against Euro, Dollar on Deepening Recession Concerns Bloomberg
Euro Heads for Weekly Drop as Slowdown Spreads Across Europe Bloomberg
Bloomberg - Bloombergall 386 news articles

National Business Review

NZ dollar takes a bath in choppiest trading in years
New Zealand Herald, New Zealand - 1 hour ago
"It's pretty much consistent with what we're seeing across the rest of the forex market," said Royal Bank of Canada currency strategist Sue Trinh. ...
Yen Rises on Speculation Stock Declines to Crimp Carry Trades Bloomberg
NZ dollar hits 12-month lows on risk, bonds firm Forbes
FOREX-Yen jumps as investors dump carry trades, flee risk Hemscott
FXstreet.com The Foreign Exchange Market - Currency Newsall 126 news articles

Sebi Mulls FII Role In Currency Futures
TopNews, India - Sep 3, 2008
The regulatory body is examining the various currency contracts such as rupee-euro and rupee-yen. The present rules in India allow currency trading in ...
'Foreign investors will soon start trading in currency futures' India PRwire (press release)
SC notice to Sebi over Saurashtra exchange plea Daily News & Analysis
all 5 news articles

StarPhoenix

Canadian Dollar Weakens Before Report as US Currency Rises
Bloomberg - 21 hours ago
``Today it's just the normal back-and-forth trading before tomorrow's very important data and after the central bank indicated it will not raise rates,'' ...
Canada Morning: C$ Up As USD Suffers From Poor Aug Job Data FXstreet.com The Foreign Exchange Market
Longest losing streak in a year sends loonie to US93 cents Financial Post
Canada Morning: C$ Little Changed, Cedes Earlier Gains FXstreet.com The Foreign Exchange Market
FXstreet.com The Foreign Exchange Market - Bloombergall 126 news articles

How to profit from the falling pound
Reuters UK, UK - 9 hours ago
FX trading allows investors to ‘short the market' and speculate that a currency will continue to fall versus another currency and therefore gain returns ...

Oil Falls to Five-Month Low
Wall Street Journal - 1 hour ago
Oil often moves in opposition to the dollar as investors use commodities priced in dollars as a hedge against the US currency. The euro recently traded at ...
OIL FUTURES: Crude Pares Losses On Weak Dollar, Demand Fears Weigh CattleNetwork.com
all 12 news articles

Wall Street Journal Blogs

Currency Trading’s Growing Asian Hub
Wall Street Journal Blogs, NY - Aug 28, 2008
A decade ago, some government officials in Southeast Asia lambasted currency traders, blaming them for driving down the value of many Asian currencies. ...

European Trading Glum Amid Drop In Commodities
Forbes, NY - 5 hours ago
In the currency markets, the dollar gained strength against most of its rivals, following the decisions of both the European Central Bank and the Bank of ...
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