Late To The Party: A Simple Way To Avoid Many Losing Trades
|The market is the device for transferring money from the impatient to patient" - Warren Buffet. We are going to get knee-deep into trading entries. Most traders have a propensity to get into a trade at precisely the wrong time. We will examine the Forex market cycles, and the psychology of entering when most traders think you are crazy... and we will talk about why this works. As it turns out, this is often a very good way of avoiding losing trades. We also dig into Ed Seykota's (from the Market Wizards) views on this -- this may be controversial. During the last section of the webinar, we will take a look at your charts, so bring your questions and will examine the live markets from a naked trading perspective.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.