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Old 04-07-2005, 10:59   #93
skseows
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Re: The learning cycle for a newbie trader

To all the traders of the world,

Why do most traders and investors in the FX and
futures markets fail?

As the saying goes, everyone gets what they deserve.
Many trade out of boredom, excitement and ego. They
get emotional and eventually, they lose money and
then, the cycle continues. I have also gone thru ups
and downs throughout my 20 years of trading the FX and
futures market. Today, I am confident because I have
developed a trading strategy that fits my personality
and risk profile to achieve realistic tangible goals
per trade, per month, per year. Thats why I call my
system a Steady Income Producer and I will wait
patiently and position myself with the most
advantageous opportunities to achieve the "ambush
edge" and hence greatly enhancing the odds of winning.

The trading system is based on evaluating the most
optimum risk-reward trading ideas analysed with
fundamental and technical analysis combined into one.
Other ingredients include:
1. patience, patience and more patience
2. realistic targets and profitability for each trade,
each week, each month
3. knowing when to be in a market and when to stay out

4. market reaction to positive/negative economic news
and the signals that follow
5. trade to win consistently and not trade for
fun/boredom/gamble



Thank you,
Sk.

Last edited by Soul-Trader2004 : 04-07-2005 at 11:16.
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