Welcome To Trading Dispatch
Learn how to trade Forex profitably
Understanding Forex Market Sessions
When I started Forex trading, I genuinely thought I had to be trading for 24 hours, 5 days a week, and 240 days in a calendar year! Genuinely! I kid you not. I thought that was the only way you made money in the Forex Market.
Until I learned that it all depended on your strategy and the kind of lifestyle you sought to live.
Risk Of Ruin In Trading
HOW TO LOSE ALL OF YOUR MONEY TRADING FOREX! Traders with some experience may have heard of the term, but I guarantee you that a lot of traders don’t understand it.
That opening line may have scared you, but don’t worry, because the point of this is to learn how to reduce the risk of losing your capital.
How To Let Your Winning Trades Run
Cut your losses short, let your winners run. You know the saying, but do you apply it in your trading? I can tell you now that most people do the exact opposite – They cut their winners short and hope losing trades will magically move in their favour.
When Trading Gets Tough, FOCUS On Your Growth
Trading, and the Forex market especially, can be a very cutthroat industry. Everything is supposed to be summed up by your bottom-line. You either made your bed, or you wet the bed, but I need you to know there is a lot that goes on behind the bottom line.
Monitor Your Thoughts
Did you know that the average human being has 60,000 thoughts a day?
Within the trading industry, our thoughts can predominantly be negative ones that don’t serve us. The things that happen around us are a product of our thoughts.
So imagine having just a tenth of your thoughts about the Forex Markets, and now imagine those thoughts not being positive ones.
How To Look At Missed Trading Opportunities
In the Forex market or when trading any market, there is a general feeling from traders (mostly new swing traders) that they have to be involved in every single opportunity and every trade that comes across their desk! In reality, you probably won’t catch every single move because life happens.