I have talked before about the need for a trader to be realistic and not take forex trading like a game.Take it from me, if I had saved some of the money I have lost trading, I could have bought a few shoes. Now for those who think that this will end as soon as you have been trading for sometime, then think again.

I do not know of any business on this earth where everything is just fantastic, everyday ,every time, any how . Even Donald Trump was bankrupt and he owned buildings I might never be allowed to go into.

One of the things that how to start winning again was the need to set realistic forex goals. I do not mean do not go for the million. Everyone has their goals and mine is definitely different from yours. So set your own !

We talked about what would happen to any forex trader who does not set realistic forex goals. Lets try to be positive here for a moment and see what we can do to try have realistic goals.

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Yesterday we discussed a little about the positive odds in forex trading. Let’s try and compare that to casino gambling. In a casino there is only one game where history has proven that the player can beat the casino, and that game is blackjack. Using a technique of counting cards, the payout rate goes from anywhere from a .97:1 ratioto a 1.05:1, depending of course on how much is wagered and how many highcards are left in the deck compared to low cards. Read the rest of this entry

I believe that the foreign exchange markets, on average, give more to the investor than is put into it each and every year. This is not only due toinflation, but also due to the influence that institutions and governments use to keep the markets in economically safe levels. For example if I had bought the eurodollar when it was at about 1 euro to 1 USD I would have increased my earnings by 50% without ever having made another trade. Add levearage to that and you can see there are some people who made a killing . Read the rest of this entry