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- RussellBrown replied Jan 12, 2017
Be patient! Warren Buffett said "The Stock Market is designed to transfer money from the Active to the Patient.”
- RussellBrown replied Jan 12, 2017
There are no guarantees in trading, no absolutes. All traders make mistakes, great traders, however, limit the damage. But money will come when you are doing the right thing.
- RussellBrown replied Jan 12, 2017
Trading for me is knowing and having a solid exit strategy before opening a trade.
- RussellBrown replied Jan 11, 2017
The ability to change one’s mind is probably a key characteristic of successful traders. Dogmatic and rigid personalities rarely succeed in markets.
- RussellBrown replied Jan 11, 2017
Don't take a large risk because the market is not merciful. Taking large risks means that you are going to lose your money quickly.
- RussellBrown replied Jan 10, 2017
Losing traders spend a great deal of time forecasting where the market will be tomorrow. Winning traders spend most of their time thinking about how traders will react to what the market is doing now, and they plan their strategy accordingly.
- RussellBrown replied Jan 10, 2017
Don’t forget your discipline: Learning the basics is easy. Most traders fail due to a lack of discipline, not a lack of knowledge.
- RussellBrown replied Jan 10, 2017
Don’t hate losing: Expect to win and lose with great regularity. Expect the losing to teach you more about winning, than the winning itself.
- RussellBrown replied Jan 6, 2017
Regarding learning from your mistakes, the best thing to do is to learn from the other guy’s mistakes. Don't be the victim, be the victor.
- RussellBrown replied Jan 6, 2017
The Forex Market is designed to transfer money from the Active to the Patient. Be patient, don't fight the market.
- RussellBrown replied Jan 5, 2017
Here's a lil something to motivate you. “The loss of the money didn’t bother me. Whenever I have lost money in the stock market I have always considered that I have learned something; that if I have lost money I have gained experience, so that the ...
- RussellBrown replied Jan 5, 2017
The mere fact of the referendum has already affected the economy; the pound is at its lowest valuation in seven years. From my viewpoint, neither side is defending the European Union as a meaningful or admirable institution.
- RussellBrown replied Jan 5, 2017
I think that it all depends on your own trading decisions to trade or not trade with a stop loss. But there are quite some benefits when you trade with it. For me, it is to prevent a HUGE loss from an unexpected news event or market conditions.
- RussellBrown replied Dec 30, 2016
The markets will often go through a long period of confused price action, which does not lend to good trading opportunities. If you do not have the ability to recognize and admit to the reality that the conditions for trading are undesirable, you ...
- RussellBrown replied Dec 30, 2016
A great tip we should always remember is what Warren Buffett said which is 'Look at market fluctuations as your friend rather than your enemy; profit from folly rather than participate in it".
- RussellBrown replied Dec 30, 2016
I do use Fibonacci as a primary trading technique, I have found that it greatly improves my odds of generating a winning trade.
- RussellBrown replied Dec 28, 2016
The profitability can depend on broker's technical conditions.