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Gareth.Samuel
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Introduce Yourself Here - Don't Be Shy!!
Gareth.Samuel replied to trading4life's topic in Beginners Forum
I have been trading for 2 years now and am just getting to the point that I am comfortable with my system and my state of mind. I trade exclusively FX through spreadbetting. -
I have been spreadbetting for over 2 years and for me it works. I use one of the larger brokers and only trade FX where the spreads can be as tight as 1pip. I agree that when you look at anything exotic the spreads can be crazy so it all depends on what you want to trade
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Psychological Self Help for the Budget-Challenged Trader
Gareth.Samuel replied to Ingot54's topic in Trading Psychology
For me I was only able to start to overcome this by creating a very mechanical system which left no margin for interpretation. Where I still come unstuck sometimes is pulling out too early as I "feel" the Market is going to move against. In the beginning I used to check my trades very often but I found that this worked against me so now I place my trade and forget about it until my next window ( I trade 4hourlies). I think that as with anything you need to be able to repeat the same actions many times before you become comfortable allowing things to play out by themselves and that the whole Market isn't going to turn against you.