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That's how to succeed!
Very well said, BMD! That's about it, you just about hit it right on the head there.
Do you still train traders? Please provide details of your curriculum. I think MoneyTec won't mind you "advertising" your services here.
For the 3M's of successful trading, Mind comes first. Discipline includes sticking to the plan. Methondology comes second; that's a plan, a method, because you won't plan to fail you just fail to plan! Money Management is last, but important nonetheless, because a conservative method will preserve your capital, but the returns will be low. Risking too much may eventually leave you with nothing left to fight another day.
In short, it is possible to trade profitably, especially in the forex arena where the costs are so low compared with stocks and futures. And the starting capital can be so minimal too.
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Hawkeye
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