10 Things I Have Learned Trading FOREX Comments

Here are some comments on my post, 10 Things I Have Learned Trading FOREX.  I'm posting them on the front page because the comment system is so dysfunctional right now due to the neverending attempt by spammers to dilute its usefulness.

1. Your last comment is absolutely right. The markets, whatever you are
   involved in, and Forex is no exception, are moving on basic emotion
   i.e. fear and greed. A demo account is useful only for the mechanics of
   a particular brokers systems. There is no substitute for having your
   money in the market and then dealing with your emotions.  (Posted by
   traderjoe)
2. I have been stopped-out on two occasions by my broker on "one-minute
   dips," when the 15 minute chart was totally in my favor. As a result, I
   got much looser with my stop-loss placement. Tight stops = an automatic
   grabbing of your money by the brokerage firm, and they have the
   technology to pull off that stunt. Best counter strategy is to baby sit
   - actually monitor for direction for a while after taking a position.
   Have to do this with loose stop-loss levels as compensation for putting
   more money at risk. (Posted by Rob)
3. Excellent points! (Posted by Rocko)
4. I cannot begin to express how helpful your blog have been to my
   still-novice trading this last year. This insightful entry is no
   exception. I believe I speak for most when I say we appreciate the
   honesty, selfless sharing of information, and your contagious diligence
   (how many hours exactly do you sleep man?!). Keep it up. We're counting
   on it. (Posted by Fx Trader)

Thanks for all your comments.

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