Tips by John Gaines

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Be very careful and wary about infamous "black box" systems in forex trading. These so-called trading signal systems do not often explain exactly how...
Being too bullish about your trading aptitude can be fatal to your long-term success. You can always learn more about trading the markets, even if you...
Many new traders will place very tight orders in order to take very small profits. This is not a sustainable approach because although you may be...
Once you have decided to place a trade, stick to it and let it run its course. This means that if your stop loss is close to being triggered, let it...
Like the trader who tries to take small incremental profits all the time, the trader who places tight stop losses with a retail forex broker is...
Even when you have taken a position in the markets, you should try and think as you would if you hadn't taken one. This level of detachment is...
Don't trade if you are bored, unsure or reacting on a whim. The reason that you are bored in the first place is probably because there is no trade to...
Tags: timing, boredom
Most successful day traders are highly focused on what's happening in the short-term, not what may happen over the next month. If you're trading with...
Demo trading often causes new traders to learn bad habits. These bad habits, which can be very dangerous in the long run, come about because you are...
Tags: systems, demos, money
The most successful traders I know keep their trading simple. They don't analyze all day or research historical trends and track web logs and their...
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