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Currency-trading-tips---get-a-winning-mindset-the-key-to-your-success By kelly price If you want a trading tip understand this one - a forex trading method is important for forex trading success but it won't make you any money, if you can't apply it correctly. Having the right attitude and the discipline to follow your plan is just as important as method and that's what we are going to explore in this trading tip.
First things first:
If you thing a guru or mentor will make you money by following them - your mistaken. The only person who can give you success is you and this is where most traders go off track - they get the wrong Forex education and fall victim to their emotions so, make sure you don't.
Forex Education
There is a lot of rubbish written online about what it takes to be successful and it's normally perpetrated by vendors who tell you they have secrets or automatic ways to make you rich - don't fall for the hype. To get the proper forex education, base your forex trading strategy on a simple forex trading system you build, understand and have confidence in.
Confidence is vital to success, because from confidence comes discipline and if you don't have the discipline to follow your method you don't have one!
Discipline is vital because you need it to follow your forex trading system through periods of losses to overall forex trading success without throwing in the towel.
This is not the only hurdle you face when trading when it comes to discipline:
You need to be able to stand aside from the majority and accept that at most times they will disagree with you. You will have lots of news stories and people telling you that you're wrong - but you need to stay on track.
Also when following a big profit (and this one is hard) you have to resist the temptation
Euro and yen move in opposite directions versus USD
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<a href="http://www.examiner.com/international-trade-in-national/euro-and-yen-move-opposite-directions-versus-usd" style="font-size:1.2em">Euro and yen move in opposite directions versus USD</a>
<br> <span style="color:#888888;">Examiner.com</span> - <span style="white-space:nowrap">3 hours ago </span>
<div style="width:80%;">The euro and yen are moving in opposite directions based on market news with the USD in the middle of the battle field. The euro moved slightly lower in midday trading to 1.2728 while the yen ...</div>
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WORLD FOREX: Euro Hits 3-Week High Vs Dollar On Strong Shares
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<a href="http://online.wsj.com/article/BT-CO-20100906-700538.html" style="font-size:1.2em">WORLD FOREX: Euro Hits 3-Week High Vs Dollar On Strong Shares</a>
<br> <span style="color:#888888;">Wall Street Journal</span> - <span style="white-space:nowrap">7 hours ago </span>
<div style="width:80%;">By Andrew Monahan Of DOW JONES NEWSWIRES TOKYO (Dow Jones)--The euro rose to near a three-week high against the dollar in Asia Monday as strong regional share markets prompted short-term players ...</div>
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Euro Extends Loss Vs Swiss Franc, Hits Fresh All-Time Low
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<a href="http://online.wsj.com/article/BT-CO-20100907-711511.html" style="font-size:1.2em">Euro Extends Loss Vs Swiss Franc, Hits Fresh All-Time Low</a>
<br> <span style="color:#888888;">Wall Street Journal</span> - <span style="white-space:nowrap">8 hours ago </span>
<div style="width:80%;">By Karen Johnson OF DOW JONES NEWSWIRES TORONTO (Dow Jones)--The euro extended its losses to hit a series of all-time lows against the Swiss franc Tuesday as investors fret about euro-zone debt ...</div>
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Crude Oil Falls Most in a Week as Euro Tumbles Against Dollar
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<a href="http://www.sfgate.com/cgi-bin/article.cgi?f=/g/a/2010/09/06/bloomberg1376-L8DP4O1A1I4H01-0DG65SBNF8K984AB39I003EIOJ.DTL" style="font-size:1.2em">Crude Oil Falls Most in a Week as Euro Tumbles Against Dollar</a>
<br> <span style="color:#888888;">San Francisco Chronicle</span> - <span style="white-space:nowrap">10 hours ago </span>
<div style="width:80%;">Sept. 7 (Bloomberg) -- Crude oil fell the most in a week as the euro tumbled against the dollar, curbing the appeal of commodities as an alternative investment to the US currency. Oil dropped as ...</div>
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TheFXSpot: EZ Peripheral Woes Reemerge; Euro Slips,Stocks Off
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<a href="http://imarketnews.com/node/18848" style="font-size:1.2em">TheFXSpot: EZ Peripheral Woes Reemerge; Euro Slips,Stocks Off</a>
<br> <span style="color:#888888;">IMarketnews.com</span> - <span style="white-space:nowrap">13 hours ago </span>
<div style="width:80%;">By Vicki Schmelzer NEW YORK, Sept 7 (MNI) - Renewed concerns about the eurozone peripherals, coupled with spread widening in Irish and Italian bonds to new wides versus bunds, took a toll on the ...</div>
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Swiss Franc and Yen continue surge
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<a href="http://www.h-l.co.uk/news/feature-articles/swiss-franc-and-yen-continue-surge" style="font-size:1.2em">Swiss Franc and Yen continue surge</a>
<br> <span style="color:#888888;">Hargreaves Lansdown</span> - <span style="white-space:nowrap">13 hours ago </span>
<div style="width:80%;">Whilst global stock markets faltered throughout August (the Dow Jones itself fell by 5.8%), the Swiss Franc and Japanese Yen have soared against the Pound, Euro and the US Dollar. With concerns ...</div>
<a href="http://www.forexhound.com/article/Technicals/Daily_Reports/Market_News_by_ForexMetal/235308">Market News by Forex-Metal</a> - <span style="color:#888888">Forex Hound</span><br>
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Euro extends gains
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<a href="http://business.iafrica.com/articles/661708.html" style="font-size:1.2em">Euro extends gains</a>
<br> <span style="color:#888888;">iAfrica.com</span> - <span style="white-space:nowrap">17 hours ago </span>
<div style="width:80%;">European stock markets extended a rally Monday and the dollar edged higher, but with Wall Street closed for the Labor Day public holiday gains were limited in sluggish trading. "It's been a very ...</div>
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Euro May Rise to 1-Month High Versus Dollar: Technical Analysis
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<a href="http://www.businessweek.com/news/2010-09-06/euro-may-rise-to-1-month-high-versus-dollar-technical-analysis.html" style="font-size:1.2em">Euro May Rise to 1-Month High Versus Dollar: Technical Analysis</a>
<br> <span style="color:#888888;">BusinessWeek</span> - <span style="white-space:nowrap">Sep 6, 2010 </span>
<div style="width:80%;">By Ron Harui Sept. 7 (Bloomberg) -- The euro may rise to a one-month high against the dollar after climbing above major resistance levels at $1.2839 and $1.2873, according to Pak Lai Ng, a ...</div>
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ETF Play of the Day: Short Euro, Long Dollar
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<a href="http://www.thestreet.com/p/rmoney/etf/10853155.html?cm_ven=GOOGLEFI" style="font-size:1.2em">ETF Play of the Day: Short Euro, Long Dollar</a>
<br> <span style="color:#888888;">TheStreet.com</span> - <span style="white-space:nowrap">Sep 6, 2010 </span>
<div style="width:80%;">By Carolyn Dion With The Wall Street Journal calling into question recent stress tests on European banks, expect to see continued pressure on the euro today as US investors focus on this ...</div>
<a href="http://www.istockanalyst.com/mobile/viewarticle.aspx?articleid=4472896">EUR/USD Reaches 1.2900 Following Better Than Expected Non-Farm Payrolls Results</a> - <span style="color:#888888">istockAnalyst.com</span><br>
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FOREX-Euro plunges on renewed bank and economic concerns
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<a href="http://www.reuters.com/article/idUSN0722817020100907" style="font-size:1.2em">FOREX-Euro plunges on renewed bank and economic concerns</a>
<br> <span style="color:#888888;">Reuters</span> - <span style="white-space:nowrap">Sep 6, 2010 </span>
<div style="width:80%;">NEW YORK, Sept 7 (Reuters) - The euro slid broadly on Tuesday and the yen hit a 15-year high as renewed fears about the health of the European banking sector sparked risk aversion. A Wall Street ...</div>
<a href="http://www.businessweek.com/news/2010-09-07/euro-falls-on-bank-concern-german-factory-orders-aussie-drops.html">Euro Falls on Bank Concern, German Factory Orders; Aussie Drops</a> - <span style="color:#888888">BusinessWeek</span><br>
<a href="http://online.wsj.com/article/BT-CO-20100907-710346.html">CORRECT: WORLD FOREX: Dollar Falls To Yen, Gains on Euro</a> - <span style="color:#888888">Wall Street Journal</span><br>
<a href="http://www.sfgate.com/cgi-bin/article.cgi?f=/g/a/2010/09/07/bloomberg1376-L8CL700D9L3501-6KVQQ3SG024485CG330VD79U4D.DTL" style="color:#009900">San Francisco Chronicle</a>
- <a href="http://www.indiainfoline.com/Markets/News/Euro-falls-amid-renewed-debt-cum-financial-worries/4925321863" style="color:#009900">India Infoline.com</a>
- <a href="http://www.ibtimes.com/articles/60184/20100907/euro-falls-on-renewed-bank-and-economic-concerns.htm" style="color:#009900">International Business Times</a>
</div>
to bank it early on open equity pullbacks. This is incredibly hard, as you see open equity sewing against you by sometimes thousands of dollars a day and you have to hold on for the bigger prize.
It's a fact that anyone can learn to trade forex and everything about trading can be learned. The other statistic you are probably aware of already is only 5% make money 95% burn it and lose.
The difference between being a winner and loser is in most cases down to the mindset and the discipline of the trader.
Mindset is crucial to success and you need to make sure you accept responsibility for your actions, learn the right forex education and then have the confidence and discipline to execute your plan - sounds easy? Its not easy and with the rewards on offer you wouldn't expect it to be - but if you understand this trading tip, you will understand what needs to be done and that the right mindset ( which you can achieve) is the key to long term trading success. Article Source: http://www.upublish.info About the Author: kelly price NEW! FREE MINDSET FOR FOREX SUCCESS PDF AND MOREFor free 2 x trading Pdf's, with 50 of essential info and more on Forex Mindset For Success visit our website at: http://www.learncurrencytradingonline.com Ready to copy Article in either text or html format:
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Forex: USD/CAD rises to 1.0480
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<a href="http://community.nasdaq.com/news/2010-09/forex-usdcad-rises-to-10480.aspx?storyid=35489" style="font-size:1.2em">Forex: USD/CAD rises to 1.0480</a>
<br> <span style="color:#888888;">NASDAQ</span> - <span style="white-space:nowrap">3 hours ago </span>
<div style="width:80%;">FXstreet.com (Córdoba) - The Canadian Dollar is falling sharply against Greenback on Tuesday and currently trades at the lowest levels since last Friday. USD/CAD holds near daily highs that lie at ...</div>
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Forex: USD/CAD rises to 1.0480rises
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<a href="http://www.fxstreet.com/news/forex-news/article.aspx?storyid=d6e82b30-0bb6-4103-b1e2-95bf8428ce47" style="font-size:1.2em">Forex: USD/CAD rises to 1.0480rises</a>
<br> <span style="color:#888888;">FXstreet.com The Forex Market</span> - <span style="white-space:nowrap">3 hours ago </span>
<div style="width:80%;">FXstreet.com (Córdoba) ? The Canadian Dollar is falling sharply against Greenback on Tuesday and currently trades at the lowest levels since last Friday. USD/CAD holds near daily highs that lie at ...</div>
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| EXCHANGE RATE
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<a href="http://www.dailynews.lk/2010/09/07/ExchangeRate.asp" style="font-size:1.2em">| EXCHANGE RATE</a>
<br> <span style="color:#888888;">Ceylon Daily News</span> - <span style="white-space:nowrap">Sep 6, 2010 </span>
<div style="width:80%;">Exchange Rates on 06.09.2010 (1) The average rates of the following currencies quoted by commercial banks in Colombo for Telegraphic Transfers (TT) at 9.30 am are as follows: Currency Buying Rate ...</div>
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Canadian Dollar Declines Against Most Majors
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<a href="http://www.rttnews.com/Content/CanadianNews.aspx?Node=B1&Id=1411136" style="font-size:1.2em">Canadian Dollar Declines Against Most Majors</a>
<br> <span style="color:#888888;">RTT News</span> - <span style="white-space:nowrap">Sep 6, 2010 </span>
<div style="width:80%;">(RTTNews) - The Canadian dollar traded lower against most major opponents during early New York morning deals on Tuesday. Against the US dollar, the loonie edged down in European and early New ...</div>
<a href="http://www.sfgate.com/cgi-bin/article.cgi?f=/g/a/2010/09/07/bloomberg1376-L8DNFG1A1I4H01-1HKT7B01S7HGNTAPLMD9ROOAMV.DTL">Canadian Dollar Falls Most in 2 Weeks as Stocks, Crude Oil Drop</a> - <span style="color:#888888">San Francisco Chronicle</span><br>
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Canadian Dollar (CAD) Technical Major Currencies (2010-09-07)
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<a href="http://www.ibtimes.com/articles/60040/20100907/canadian-dollar-cad-technical-major-currencies-2010-09-07.htm" style="font-size:1.2em">Canadian Dollar (CAD) Technical Major Currencies (2010-09-07)</a>
<br> <span style="color:#888888;">International Business Times</span> - <span style="white-space:nowrap">Sep 6, 2010 </span>
<div style="width:80%;">The pair found support at 76.4% Fibonacci around 1.0345 rebounding to the upside due to support from the bullish trend appearing through momentum indicators; therefore, we expect the pair to ...</div>
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Forex - Canadian Dollar Looks to BoC Rate Decision for Next Moves
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<a href="http://www.forextv.com/forex-news-story/forex-canadian-dollar-looks-to-boc-rate-decision-for-next-moves" style="font-size:1.2em">Forex - Canadian Dollar Looks to BoC Rate Decision for Next Moves</a>
<br> <span style="color:#888888;">ForexTV.com</span> - <span style="white-space:nowrap">Sep 3, 2010 </span>
<div style="width:80%;">RISK DISCLAIMER: By using this web site you agree to its terms and conditions. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of ...</div>
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Canadian Dollar Looks to BoC Rate Decision for Next Moves
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<a href="http://www.dailyfx.com/forex/fundamental/forecast/weekly/cad/2010/09/03/TOF_903_cad.html" style="font-size:1.2em">Canadian Dollar Looks to BoC Rate Decision for Next Moves</a>
<br> <span style="color:#888888;">Daily FX</span> - <span style="white-space:nowrap">Sep 3, 2010 </span>
<div style="width:80%;">The Canadian dollar pushed higher against its US namesake last week, rising some 1.10 percent. Following a disappointing economic activity report for the second quarter, the USDCAD finds support ...</div>
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Forex: Dollar still under pressure against commodity currencies
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<a href="http://www.fxstreet.com/news/forex-news/article.aspx?StoryId=b5591558-af3e-4081-909d-e51147530009" style="font-size:1.2em">Forex: Dollar still under pressure against commodity currencies</a>
<br> <span style="color:#888888;">FXstreet.com The Forex Market</span> - <span style="white-space:nowrap">Sep 3, 2010 </span>
<div style="width:80%;">FXstreet.com (Córdoba) ? Greenback is falling sharply on Friday against currencies tied to commodities weakened by risk aversion. AUD and NZD are approaching to daily highs together with main US ...</div>
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Forex: USD/CAD holds near 2-week lows
<div style="padding:0px; margin-bottom:1.5em;">
<a href="http://www.fxstreet.com/news/forex-news/article.aspx?storyid=8cefaae1-d09f-47c0-bcdb-10ba5ac45fde" style="font-size:1.2em">Forex: USD/CAD holds near 2-week lows</a>
<br> <span style="color:#888888;">FXstreet.com The Forex Market</span> - <span style="white-space:nowrap">Sep 3, 2010 </span>
<div style="width:80%;">FXstreet.com (Córdoba) ? The Canadian Dollar is posting important gains against Greenback and is holding close to daily highs. USD/CAD plummeted after the US jobs report to 1.0398, the lowest ...</div>
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Saskatchewan Roughriders Centennial Canadian Dollar Coin Launched
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<a href="http://www.coinnews.net/2010/09/03/saskatchewan-roughriders-centennial-canadian-dollar-coin-launched/" style="font-size:1.2em">Saskatchewan Roughriders Centennial Canadian Dollar Coin Launched</a>
<br> <span style="color:#888888;">CoinNews.net</span> - <span style="white-space:nowrap">Sep 3, 2010 </span>
<div style="width:80%;">by Royal Canadian Mint on September 3, 2010 Rider pride was in full swing as the Royal Canadian Mint launched a new commemorative one-dollar circulation coin honouring the Saskatchewan Roughriders ...</div>
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the international exchange market, the market for conversion exchange operations of specified amounts of one country’s currency into the ...
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