Trading Coaching - Can You Do It Yourself?

By John Peters

If you are trading, chances are you would like to improve your performance. When traders think about how to improve their trading results, many turn to books, education and even starting a trading journal.

The idea of books is to improving their knowledge and learn from more successful traders. The trading journal should allow you to record and later analyse your trades, allowing you to spot areas for improvement. This could be called self coaching. But does it work? In this article we will explain why it is difficult to make self coaching work and why you should consider enlisting the help of a trading coach.

To improve your performance, obviously you must do something differently. If you read books or analyse your trades you may even find areas that you think you must improve. The problem is, that finding what you need to improve is not that difficult. Even starting the change is not that difficult. The difficult part is sustaining the change.

A change is easy to start but hard to continue. The brain is 'wired' to work in a certain way and to work in a different way will feel uncomfortable and strange. It is easy to slip back into the same habits and ways of thinking. It is very difficult to do this on your own. This is where a trading coach can help, by monitoring your trading habits and keeping you on the right track.

What does any coach do? They identify what you need to work on, teach you, support, encourage and motivate you. This is something that also may be possible to do in the short term yourself, but the effort fades quickly. A trading coach can offer objective advice, and keep you going when you have self doubt. A trading coach will tell you things you don't know, analyse your strengths and weaknesses and work with you to develop a trading plan. - 23212

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How To Succeed In Forex Trading

By Bart Icles

The forex market is drawing people in like bees to honey. It is, by far, said to be the busiest and, at the same time, the largest financial market in the world. Trading in it also presents vast potentials for profits that is why it really is an ideal venue to really put some time and effort into.


Because of its nature, it is of no surprise that a lot of people write about forex trading strategies that they think work. To be able to really become successful in trading in the forex market, the first thing that you should do is to get a clear grasp of what you are getting yourself into. Venturing into forex trading without the proper guidance, although it has a lot of profit potentials, would cause more negative effects since you could lose money, that is, more than you can afford to lose.


To be able to get the proper guidance in forex trading, you should resort to forex trading courses or tutorials that would really be able to hone your trading skills and inculcate in you the values that you would be needing to become a good forex trader. A lot of different entities offer them and, of course, you need to be wary about where you will be getting your forex education, otherwise, instead of gaining valuable knowledge, you would end up empty-handed and, at the same time, wasting your time and resources going for something that would not really do you any good. So, to make sure that you will be able to get good quality forex education, make sure that you do your research. The good thing is that there are tons of free online resources wherein you can get really valuable information and tips on how to go about your forex trading activities.


The most essential thing when you are already doing forex trading would be developing your own forex trading strategy. The forex trading strategy that you will be developing will be your trusty weapon in combating all the obstacles that the forex market may present you with. There is no set standards for what would work and what would not work in terms of developing a forex trading strategy. More often than not, what would work for a trader might not work for another trader. This is because not all traders are equal, most especially in terms of resources.


The key to developing a great forex trading strategy is a combination of a great forex education, resources, discipline, and sheer guts and cunning. Forex trading would work like a charm if you have one. - 23212

About the Author:

Forex investment starts with a desire to learn and a drive to become a great trader. Learning forex trading software takes dedication and a good teacher. But once you learn how to trade and do so successfully your life will change and you have options and financial resources you never had before.

Forex Trading Explained In An Easy To Understand Manner

By Tom K Kearns

Forex trading is becoming increasingly popular. Chances are you have heard of it but do not understand what it is or how it works. Or perhaps you have considered trying you r hand at Forex trading but have been a bit hesitant. It is a good idea to have a basic understanding of the principles behind Forex trading before getting involved in investing this way.

This method of investing can be compared to the practice of trading baseball cards. Many of us may have done this as a child and in fact there are certainly many adults that still trade baseball cards. The chances of being successful with baseball card trading are greater than the chances of success with Forex trading.

Forex trading follows this same principle. Forex trading stands for foreign currency exchange. The way this works is just like the baseball card trading. You want to trade one currency and hold onto it till the value of this currency has increased over the value of the currency you traded with.

While exchanging currencies may sound rather risky, Forex trading can actually be rather safe. You can also trade Forex 24 hours a day during any business day.

This method of trading can be very exciting and does not depend on the strength of the economy of the country you are residing in. However you should keep in mind that you should never overextend yourself beyond what you can comfortably afford.

Of course in order to get fully involved you will need to understand the basic principles behind Forex trading. The basic principle is that you want to purchase foreign countries' currency using the currency of another country and when the currency you have purchased increases in value in comparison to the currency you bought it with you will make money.

This example may be a little simplified but it helps explain the basic principles behind Forex trading. The example however is realistic. It is not unheard of to gain a 20% profit on Forex trading. In comparison to other investment this is a rather high profit ratio, particularly considering the minimum amount of risk involved.

While this is just an example it is a reasonable comparison. It is not uncommon to increase your value by 10%. Just like in a poker game it is important to know when to play and when to fold. Of course this has greatly simplified the process but it provides some basic understanding to the principles of Forex trading. Naturally once you have tasted a little success you will want to trade some more but never allow yourself to get greedy. - 23212

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4X Pip Snager Review - Is Forex Pip Snager a Scam?

By William Barnes

The Forex currency trading system called 4X Pip Snager contains 2 separate systems - the swing trading and intraday system. They are both manual trading methods that have proven to get results fast for beginners and experienced traders alike. The guide will teach you how to open trading positions manually and set the appropriate take profit and stop loss goals using a set of mechanical and effective indicators and rules.

What is the Forex 4x Pip Snager Intraday System All About? This is one of the 2 main systems inside the package, and mainly works by finding price trend swings on a short time scale chart such as the 5 minute chart. I find this method to be quite interesting and effective with a favorable risk reward ratio.

The take profit levels are usually set at 50 to 100 pips, with stop losses set at about half of the take profit levels. Even though this is a short term trading strategy, its long term results have been pretty consistent and profitable, making winning trades in more than 85% of the time.

How Does the Forex 4 Pip Snager Scalping System Work? The other system is based on the strategies of scalping, and you can see it being demonstrated live on the main website. The mechanical analysis steps allow traders to find profitable trade signals and then to exit the trade with a profit or to cut losses. It works on an even shorter time frame, the 1 minute chart, and makes an average of 20 - 30 pips.

Are the 4X Pip Snager Manual Systems Right For You? If you need a manual trading system that makes consistent pips every month, this is definitely a Forex system that you will want to find out more about. - 23212

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