public marks

PUBLIC MARKS from jemycc with tag forex

05 April 2007 06:30

FOREX - Applying Day Trading Discipline To Position Trading

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In a recent article, I explained that I have started to trade Foreign Exchange markets (FOREX) once again, after a sabbatical for a few years. And I also highlighted that it was interesting to see that the forex business has changed very little during those years, despite huge leaps in online trading technology, and so on. Specifically, I referred to the fact that day traders always seemed to me to be far more disciplined in their trading approach than position traders, and that this still seems to be the case. To recap briefly, establishing this discipline is a simple three step process: