Forex—trade Too Often, Lose Too Often! By Kent Douglas
The thrill and rush of excitement caused by a few successful trades can be
intoxicating and leave you wanting more—a lot more! Still, the heart of any investment strategy centers around putting the odds of success in your favor and overtrading in the market can undermine even the best of strategies. is a very volatile market and most investors would be wise to follow the advice of Jimmy Rogers, a famous and successful trader who is quoted as saying, “One of the best rules that anyone can learn…is to do nothing.”
intoxicating and leave you wanting more—a lot more! Still, the heart of any investment strategy centers around putting the odds of success in your favor and overtrading in the market can undermine even the best of strategies. is a very volatile market and most investors would be wise to follow the advice of Jimmy Rogers, a famous and successful trader who is quoted as saying, “One of the best rules that anyone can learn…is to do nothing.”One of the biggest mistakes that an investor can make is to allow fear or greed to govern the decision-making process. Fear causes investors to close positions too early or to stop opening positions altogether. While fear limits the potential for profit, greed opens up the door to huge and staggering losses. Chasing profits due to fear causes investors to keep a position longer than they should have or to spread themselves too thin. Inevitably, market volatility will swing in the wrong direction and an investor can lose everything! ...(and more ...>>)
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