Tuesday, July 19, 2011

The Four Biggest Problems FX Traders Face and the Four Integrated Solutions to Conquer Them

The Four Biggest Problems:

1. Risk and Money Management in the Daily Random Noise and Chop of FX
2. Inconsistent Results... 30 pip profit today, wiped out by 40 pip losses the next two
3. Defining High-Probability Entries
4. Frustration and emotional reactions that snowball into poor decisions, spiraling losses, and missed opportunities
 
The Four Integrated Solutions:
 
1. Campaign Trend & Swing Position Trading in Higher Timeframes
2. Clearly defined risk and money management with simple, written rules
3. Clearly defined entry setups with simple, written rules
4. Powerful Mental State Management through acquisition of “mathematical expectations” that create a Probability-Based Mind-Set




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