Tips by Selwyn Gishen

Define your goals and then choose a style of trading that is compatible with those goals. Be sure your personality is a match for the style of trading...
Choose a broker with whom you feel comfortable but also one who offers a trading platform that is appropriate for your style of trading. It is...
Choose a methodology and then be consistent in its application. Before you enter any market as a trader, you need to have some idea of how you will...
Choose a longer time frame for direction analysis and a shorter time frame to time entry or exit. Many traders get confused because of conflicting...
Calculate your expectancy. Expectancy is the formula you use to determine how reliable your system is. You should go back in time and measure all your...
Focus on your trades and learn to love small losses. Once you have funded your account, the most important thing to remember is that your money is at...
Build positive feedback loops. A positive feedback loop is created as a result of a well-executed trade in accordance with your plan. When you plan a...
Perform weekend analysis. It is always good to prepare in advance. On the weekend, when the markets are closed, study weekly charts to look for...
Keep a printed record. Keeping a printed record is one of the best learning tools a trader can have. Print out a chart and list all the reasons for...
Tags: records