Recent content by DMayzler

There is a great article in psychology today, titled 'MIND TRAPS: The fatal mistake of hanging on too long' if you google that you will get the article. It looks into loss aversion really but the central elements of the article can apply so accurately to the trading mindset needed to let go of...

That's an awesome quote and so very true . There is so much in trading that is 'personal' and by that I mean, there is as much about 'us' that effects the way we trade as anything else. Our own personal traits define the style we chose, the risk we are prepared to take and the time we are...

Thanks for that little nugget, i'll check him out. Out of interest, what would you recommend as the best indicators to use along side price action?

That is actually a really good way of putting it. If you have no conviction to your strategy, then your research and analysis has essentially been for nothing. if you stick by it and record all your results and assess over time, only then can you make truly educated adjustments to your system...

Start small, and with low leverage. There are some brokers out there that have a minimum deposit and leverage as low as 1:50 Not sure if you can get these perks with brokers using MT4 but certainly with some web brokers like MahiFX you can get this.

try the school of pipsology (googleit) for lots of educational info, a good place to start and its free.