The basic information gleaned from a chart w/ no indicators is so undervalued by people today because they just don’t know better.
Forex Trading Psychology
What Traders Need to Know about Forex Spreads & Dealers
A dealer is different than a broker, though there are broker/dealers. A dealer is who makes a market, which is to say they are responsible for maintaining the bid offer clients trade on, and to take the other side of the clients trade.
Your Trading Plan!
Before you can begin to trade in a demo or live account it is important that you spell out your trading plan. Please don’t start with bad habits and try to “wing it” – you will only frustrate yourself and eventually blow out your account.
Realistic Expectations & Trading other People’s Money
Buying and selling a market on the expectation of a higher rate of return than is currently available to you should be seen as the tip of a very large iceberg. To be able to produce consistent results with your trading plan will take consistent effort on your part.
Trade Your Plan not Your Belief System
It’s very important to recognize that we all have a belief system already in place, and it can be at odds with what is happening in the rest of the world, and therefore what’s happening in the markets. We are all individuals and that is a great thing.
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Psychology 2





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