Weekly Thoughts of a Trading Maverick – July 20, 2013

Mindset matters a lot. Yes, when one is agitated and angry, she/he may stay out of trading. It’s best to trade when the mind is fresh or the mood is better.

We make profits from big and small risks. Small risk brings small profits and small losses. Big risk brings big profits and big losses. – July 16

Whether you believe in robot or not, what matters is the trading idea that can guarantee that you last long indefinitely in your career. – July 17

Go live after you’ve been surviving on demo for at least, 4 months. But take care to stick to your rules and trades exactly as you traded while on demo. – July 18

We’d end up doing what fits us as traders; even if someone has given us an idea to work with. – July 19

I’m clearly concerned about the enigmatic nature of binary trading. Since I was introduced into the wonderful world of Forex trading, brokers and vendors have been bombarding me with the notions on the possibility of trading binary options. I’m now confused: are binary options better than Forex trading? What are the similarities and differences between Forex trading and Binary options? What are the pitfalls? Is it advisable to try it out? – July 20

Ground-breaking lessons from expert traders: http://www.harriman-house.com/experttraders

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