I think this really depends on what time frame you trade in. I am a longer term trend follower and leaving positions open overnight, even for weeks is a normal thing. By definition, trend following shouldn't use limits. My rules are very specific in ...

How do you handle overnights? OCO? Stops?

In Van Tharps's book "Trade Your Way to Financial Freedom", he includes a chapter that discusses many of the naturally wired psychological biases we as humans possess. It is important to know what these biases are because they are what steers us to ...

What moves the markets?

redart; I'd have to disagree with your statement that trailing stops rob you of your profits. Although i admit that they give your trade less breathing room, i think it is more important to view them as a means to preserving your capital. And ...

Trailing Stops ??

I am presently on a demo with GFT. I think i will be switching over to them from FXCM. The main thing i like about GFT is that they have a very extensive charting sotware that comes included when you open an account. You don't have to go out and pay ...

Brokerage debate

Hi ustrader Rob does his chart analysis at different times. He sends his students a schedule every week and alternates times. Sometimes he will go over the charts as early as 0700 EST, sometimes 1000EST. He also does some in the evening, around ...

forex mentoring programs

Just to add to my previous post. Rob's program emphasizes that trading is more a mental process than anything else. No plan will work without good self-discipline and emotional control, which is exactly what i've been struggling with!!

forex mentoring programs

I've been trading for about 6 months now with not so much success. I've blown half my account! I've been doing my homework, all kinds of reading and research but it's so much information that it's been difficult to put it all together into a solid ...

forex mentoring programs