I would stress this one: When the ship starts to sink, don't pray - jump! I end up trying to get my money back when I'm losing, and I lose even more. Instead, in these cases, I should close the program and forget about trading for some time. I keep ...

Time Tested Classic Trading Rules for the Modern Trader to Live By, by Linda Raschke

My biggest mistake is thinking that demo and live trading behave the same way. I was so successful when I was trading for the first time with a demo account, and then I switched to the live thing - it was such a dissapointment for me. So my advice ...

Post your mistake here - warn others

I prefer day trading: it seems a bit easier, less risky, and a bit more predictable.

What timeframe do you use for trading?

I stumbled upon an article stating the same idea, and it surprised me. I thought stoploss is quite a usual, so to say normal tool that is a "must" for successful trading. Then, I realized it's not a hundred percent truth... Weird, but it makes some ...

Real Fx traders do not use stoploss

One of my favorites is "Day Trading the Currency Market" by Kathy Lien which is quite well packed in terms of the balance between theory and practice. As for fundamental analysis, I would recommend "Trading Currency Cross Rates" by Gary ...

what is the best forex book?

I would certainly add "emotions" to your list. It's a bit about greed, but I mean it in a broader sense. Trading is too psychological not to depend on emotions and feelings. Then, I'm sure that being too conservative is another problem. Like, ...

reasons why traders lose

I spend half an hour a day if I do large time frames and a bit longer if I want to try shorter time frames.

How often do u trade?