First off, I want to make clear that this is not my information. I am posting it here as it is by far some of the best words of wisdom I have ever read in my years of trading forex. Thanks to Acumen for putting together his thoughts from years of trading.

The attached pdf should be treated like gold.

Also saw a reference there to Paul Rotter - the worlds most successful scalper.....interesting one of his comments:

'Q: why don't you have any problems with closing out the position and even taking the opposite direction? shouldn't a trader stick to his opinion?
A: no, definitely not. an analyst or some kind of guru has to stick to it, but as a trader you should have no opinion. the more opinion you have, the harder gets it to get out of a losing position.'


The original topic is posted on Forex Factory:
http://www.forexfactory.com/showthread.php?t=178922

it was created in Jul 09 using Acro 6, i just re-did it in Acro 9, let me know if it works. Also try and save it to your hdd and open from there.

Thanks for putting that document together..very informative.

I still can't read it. My adobe must be broken.

Nice, thanks... <img src='' alt=''/>