http://www.learntotradethemarket.com/forex-articles/truths-about-trading Learn to Trade Forex with Price Action Forex Trading Strategies Fri, 03 Feb 2012 12:55:06 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://www.learntotradethemarket.com/forex-articles/truths-about-trading/comment-page-1#comment-1999 Ron Tue, 02 Jun 2009 15:51:54 +0000 http://122.252.12.92/~learntot/new2/?p=130#comment-1999 I like the idea of a simple approach. For example, when trading shares I find a trend line very useful albeit a basic tool. That is, when the Price Action is remaining on the trend line or above it then its still going up (the reverse is equally true if it is going down, the price action remains below the line). If it falls below most times its time to close the trade (The rule being to close the trade once the price action closes below the trend line on long trades). Also, I agree that military personnel make excellent traders, two spring to mind. They do so because they live and breathe discipline. I have been flirting with trading for years now and have learned lots of important information, but it is finally sinking in: without patience and discipline, you are simply wasting your time or you enjoy pouring money down the drain. Add this important element to a simple but effective system and I am sure you will be on your way to success. I like the idea of a simple approach. For example, when trading shares I find a trend line very useful albeit a basic tool. That is, when the Price Action is remaining on the trend line or above it then its still going up (the reverse is equally true if it is going down, the price action remains below the line). If it falls below most times its time to close the trade (The rule being to close the trade once the price action closes below the trend line on long trades).
Also, I agree that military personnel make excellent traders, two spring to mind. They do so because they live and breathe discipline. I have been flirting with trading for years now and have learned lots of important information, but it is finally sinking in: without patience and discipline, you are simply wasting your time or you enjoy pouring money down the drain. Add this important element to a simple but effective system and I am sure you will be on your way to success.

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