I am leaving for Toronto this afternoon. I probably will rent a car and drive down. I have a very important meeting with a prominent Ontario lawyer at 7:00 AM
I first met him on April 20, 2010 and he is getting a motion ready for a hearing in Ontario Superior court. I do some para legal work on some of my business files.
Now back to Forex and related matters.
The following thanks to Nial Fuller.
good trading as always, – Nial.
A sniper in the military has an edge over his or her enemy; their edge is unwavering patience, mastery of their weapon, and the ability to remain consciously in control of their mind and body for long periods of time in high-stress situations. We can apply these same concepts to Forex trading…
Forex trading is very similar…you need a trading edge (weapon), you have to master this edge, you need to develop and maintain rigid self-discipline and control, and you have to execute your edge flawlessly in the face of constant temptation to over-trade and over-leverage. Now, trading is nowhere near as stressful as war, but it still requires conscious control of mind and body.
Those traders who learn to pick and choose their trades wisely, trading like a Forex “sniper”, are typically the ones who succeed long-term, whereas those traders who act like machine-gun traders by shooting at everything they see (trading too much), tend to run out of ammo (money) very quickly and fail to accomplish their goals in the market. Let’s discuss how you can learn to trade like a sniper instead of shooting at everything (taking every trade) that comes your way…
• Accept that less is more in Forex trading
One of the things that we traders can learn from a sniper in the military is that in certain situations less is indeed more. Forex trading is definitely a “situation” where less is more. However, it is very common for beginning traders to feel that more is better; more Forex indicators, more trades, more analyzing, more money on useless trading robots, etc.
What is the result of such misinformed beliefs? The result is almost always over-trading; indeed, most beginning Forex traders are like machine-gunners; spraying bullets (money) at everything they deem to be a trade and likely causing more damage to their trading accounts than good. The first step that you need to make if you want to trade more like a sniper and less like a machine-gunner, is to truly accept that less is more in Forex trading
TheCyclist posted: Turns out my post wasn't pulled, the entire thread was, sorry fxbook. When I see this kind of behaviour I just see red...what kind of individual uses 3 identities to bump his own thread?
mr margolese is going to work on my trading crew.
may i suggest that you watch your mouth when you speak about him..
in fact, just simply remove your nose from out of his affairs, and quiick.
mr margolese is my friend..
and iit isis reeally none of your busiiness if he usees two hundred aliases, iit is none of your business.
mr bruce is going to sit on my board of directors as a senior officer.
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P.s i do not want a job on the internet so do not email me if you are asking for any thing of that kind no thanks
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HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors.
Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance.
You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.
Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice.
Past performance is not indicative of future results.