Emotions in Forex Trading

By Ahmad Hassam

One of the overlooked yet the most crucial element of successful trading are maintaining a healthy psychological outlook while trading. At the end of the day, currency traders who are unable to cope with the stress of the forex market fluctuations and unpredictable nature will not withstand the test of time. No matter how skilled you may be as a trader at the scientific elements of trading, you need to be emotionally strong.

Good traders need to be emotionally detached in making trading decisions. Your trading decisions must be independent of fear and greed. One of the attributes of good traders is that they accept losing. They make decisions based on an intellectual level. Traders who get emotionally involved in trading make substantial errors. After a few losing trades, they try to whimsically change their strategies or after a few winning trades become carefree.

Good traders are emotionally balanced in their approach. In the midst of a losing streak, they try to take a break. They dont allow fear or greed to dominate their strategy. You cannot win every trade. Even very successful traders go through stretches of losing trades but they are emotionally strong enough to cope with it. You must be psychologically strong enough to cope with losses.

If you are going through a bad stretch, it may be time you think of taking a break. Take a few days off from watching the markets and trading to clear your mind. Continuation to trade relentlessly during tough market conditions can breed greater losses and ruin your psychological confidence.

Make no mistake about it, no matter how much you study, practice and trade; there will be stretches of losing trades. You cannot always win. The key is to make losing trades small enough in order to live to trade another day. By using good money management rules, you can overcome a lot of bad luck in your trading. Never ever put more than 2% of your equity at risk in a single trade.

In order to master trading, you need to control your emotions. Many new methods have been introduced to traders but the one constant is the human emotional behavior. After all, markets are just the reflection of these emotions.

People afraid of losing their money start to sell in a panic. Fear of losing money makes the market prices to head lower. Greedy people buy trying to catch a free ride. Fear of losing a good opportunity makes the market prices to go up.

You need to learn technical analysis as a forex trader to help capture profits from a movement in the price. You should understand how price action takes place by developing a trading system that is ruled based. Your trading method should not depend on emotions to make decisions.

The best method to overcome emotions in trading is to depend on a forex trading system that is mechanical in nature. There are clear cut rules for entering and exiting a position. Use those rules consistently. There maybe a few losses but with a good forex trading system, you can be sure the number of winner will be greater. - 23200

About the Author:

Mr. Ahmad Hassam is a Harvard University Graduate. He is interested in day trading and swing trading stocks and currencies. Learn Forex Nitty Gritty. Discover A Revolutionary New Forex Robot. Develop your own Forex Trading System.

Is Forex Megadroid Worth The Money?

By Jay Vixon

Theres a trading robot that gets released every month so if youre looking for one, you wouldnt have any problem finding one. But the catch is that these trading robots usually operate very similarly so if you are looking for one that is one of a kind, thats when youll encounter a problem. Of all the many trading robots released, Forex Megadroid is the newest of the batch having been released just last March 31, 2009.

What really is Forex Megadroid and what sets it apart from the hundreds of trading robots out there?

One distinction that it has from the others is that it operates by gathering information on the present foreign exchange market conditions so that it can make it can change its trading patterns based on what its assessments. This all results to coming up with trading picks that are more reliable and accurate than those of the others.

What the old trading robots did was to simply analyze past foreign exchange market information and then trade according to its assessment. Since it isnt aimed at the present conditions, these old trading robots have a considerable margin of error when it comes to its picks.

The brains behind Forex Megadroid are John Grace and Albert Pierre, experts in forex trading with over 30 years of experience under their belt.

Forex Megadroid is the only trading robot that uses RCTPA (Reverse Correlated Time and Price Analysis) technology. Because of this, it is noted to be more accurate than the other trading robots in the market and boasts of 95% accuracy.

But dont be fooled with all the advanced technology, Forex Megadroid has a user friendly interface so it is easy to operate. It is a plug and play software and users only have to follow the step by step instructions to get the program functioning right away.

To top it all up, Forex Megadroid offers a virtual money account for all of its users who wish to test the program but not want to risk losing money. The virtual cash amounts up to $100 so that users can really see if the software does live up to its promises.

Finally, it only costs $97 and if you are dissatisfied with the program, you can have a full refund within the first 60 days. - 23200

About the Author:

Wait. Before you buy forex megadroid checkout my in depth forex megadroid review this minute!

Buying Foreclosed Real Estate

By Doc Schmyz

We have all heard the old saying that "one man's trash is another man's treasure." Now while foreclosure is considered a tragedy it can also be a blessing for the real estate investor. Residential real estate is also expensive. Prices vary from one place to another. This is a major reason somemany take a look or start investing with foreclosure real estate.

Foreclosed homes can be great for those who simply cannot afford a new house. In most cases these houses are sold for a fraction of their real price when sold in the real estate market. Other people can also take advantage of these houses to be able to make their own investments since they are sold by mortgage lenders at a low price.

Unfortunately most repossessed houses are those which require a lot of repairs. Previous homeowners do hot have the means to maintain the house or just didn't take care of them. Some of these houses have also been abandoned by their previous homeowners and mortgage lenders have no choice but to get rid of them immediately.

Do your homework

Before you buy a repossessed home you need to make sure that you're going to get a good deal. You may have to do a little bit of research first to be able to see how much you will have to spend in buying and repairing the property.

If you are short on cash, you can get a loan. ( in some cases you can get an assumable loan) Talk first to loan officer or mortgage broker to see if you are qualified. If you are qualified gather the information you need.

You will be able to find a list of foreclosure homes on the internet. The list will also be published in local newspapers. You can also find information for auctions online. After you have gathered enough information visit the houses to stake out possible properties that you can buy.

Review your budget. What are you willing to pay for the foreclosed house along with the repairs? If you're planning to "flip" or sell the house,ask your agent to get you comps for the "after repair value". If you're planning to rent it, calculate the monthly rate and compare it to prices in the local paper for the same type of property.

Once all the research and calculations have been done place a good bid on the property. After you have purchased the house have it inspected and appraised. Then look for a title company to research the history of the house. When you're satisfied with your repossessed house you can now start the repairs or live in it. - 23200

About the Author:

Doc Schmyz has done real estate deals all over the US. He built a free website shares Real estate investing information for all over the US. Find Real estate investing information by state

FAPTurbo, a System That Lives up to Its Reputation

By Alex Miller

How many times have you heard that it was possible for you to set up a software program when your computer and basically have the print money for you. Although many of us are skeptical whenever we hear things like this, there are some possibilities as far as the Forex market is concerned. Some of these automated systems are actually quite good, provided you use the right ones.

There are literally dozens of these programs that are available on the Internet and that many of them are not worth their weight at all and are better left alone. There is one, however, that truly stands out as different from among the rest and this is FAP Turbo. Not only did it pass our own independent testing but there were a number of other reasons why we trust this program so highly.

Whenever doing our independent testing of these automated Forex programs, there are several different criteria that we always make sure that they achieve. Testing these programs is something that I truly enjoy, especially in the case of any program that is automated and produces results. Not all of them are going to produce results to the good but in the case of FAP Turbo, all of that was positive. That is the reason why a rank so highly on our independent testing website.

The first thing that we typically look at is the website and sales letter for the program itself. The FAP Turbo website makes a number of different claims that we found very interesting. At the very core of these claims, however, was one that stated that all you needed to do was to set the program up on your computer one time and start it running. From that point forward, it will be able to make you money on autopilot.

The testimonials are also something that is interesting to look at on many of these webpages. All of the testimonials on the FAP Turbo webpage were positive, something that we were expecting. Some of the people, however, that left testimonials were raw beginners that were using FAP Turbo to make money.

As they say, however, the proof is in the pudding and we were very interested in finding out what it was that this program was able to do. In our own independent testing and in the testing of a number of other individuals that we follow on the Internet, the results were consistently good. As a matter of fact, we could not find one review that was negative from somebody that tested this program on a Forex platform.

We also look at a number of different locations to see what the actual users are saying about our products. In the case of this product, the reviews were rather positive and many of these individuals were saying that it was able to make them money consistently. The best part about it is that they did not have a vested interest in the company so you can truly trust what they had to say. We would not necessarily suggest that you totally turn all of your money over to FAP Turbo, but we would suggest that you have it as a tool. - 23200

About the Author:

For comprehensive FAP Turbo Review, visit our website today

Why The Foreign Exchange Market Is Different From The Stock Market Article

By Todd Schuyler

What is the main difference between the Foreign Exchange Market and the Stock Market? Find out here on my Forex trading software review blog post.

Trading that takes place between two counties with different currencies is the basis for the fx market and the background of the trading in this market. The forex market was established in the early 1970's. The forex market is one that is not based on any one business or investing in any one business, but the trading and selling of currencies.

The difference between the stock market and the forex market is the vast trading that occurs on the forex market. There is millions and millions that are traded daily on the forex market, almost two trillion dollars is traded daily. The amount is much higher than the money traded on the daily stock market of any country. The forex market is one that involves governments, banks, financial institutions and those similar types of institutions from other countries.

What is traded, bought and sold on the forex market is something that can easily be liquidated, meaning it can be turned back to cash fast, or often times it is actually going to be cash. From one currency to another, the availability of cash in the forex market is something that can happen fast for any investor from any of the countries trading currencies.

The difference between the stock market and the forex market is that the forex market is global, worldwide. The stock market is something that takes place only within a country. The stock market is based on businesses and products that are within a country, and the forex market takes that a step further to include any country.

The stock market has set business hours. Generally, this is going to follow the business day, and will be closed on banking holidays and weekends. The forex market is one that is open generally twenty four hours a day because the vast number of countries that are involved in forex trading, buying and selling are located in so many different times zones.

The stock market in any country is going to be based on only that countries currency, say for example the Japanese yen, and the Japanese stock market, or the United States stock market and the dollar. However, in the forex market, you are involved with many types of countries, and many currencies. You will find references to a variety of currencies, and this is a big difference between the stock market and the forex market. - 23200

About the Author:

The Forex Review Guy is the designer of Forex Trading Software He recommends Forex Grid Bot. This program is helping people who NEVER had experience trading, or dont know anything about Forex, earnmoney everyday!