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Trading for a Living - Cliff Notes
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Miembro desde Sep 02, 2009  3 mensajes tullid Sep 03 2009 at 01:02
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:


Miembro desde Aug 01, 2009  941 mensajes Elkart (Elkart) Sep 03 2009 at 05:02
That pdf is so old my reader won't open it...

Chang beer is evil.

Miembro desde Sep 02, 2009  3 mensajes tullid Sep 03 2009 at 13:34
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.


Miembro desde Jul 31, 2009  37 mensajes pavelr Sep 03 2009 at 15:17
the previous version worked fine for me...


Miembro desde Aug 06, 2009  397 mensajes bizWiz Sep 03 2009 at 20:22
Thanks for putting that document together..very informative.

Sleep is for the weak.

Miembro desde Sep 08, 2009  1 mensajes djc0 Sep 08 2009 at 14:21


Miembro desde Aug 01, 2009  941 mensajes Elkart (Elkart) Sep 08 2009 at 22:38
I still can't read it. My adobe must be broken.

Chang beer is evil.

Miembro desde Sep 16, 2009  10 mensajes Shankar Narayanan GR (musshan) Sep 16 2009 at 10:16
It was very useful thanks a lot.


Miembro desde Sep 18, 2009  2 mensajes Nazrul Hisyam (molahduitfx) Sep 21 2009 at 14:13
Nice, thanks... <img src='' alt='cool'/>


Miembro desde Aug 20, 2009  2 mensajes Intu (KJKraus) Sep 27 2009 at 22:56
Great post. Thank you.

Manage and Limit your Risk.
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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.