Category: General

The Golden Rule of Risk Management

Posted on by The INO.com Team

Today's Guest Blogger is frequent TV contributor, Bob Iaccino from TraderOutlook.com. Iaccino will try to take a stab at teaching us about the importance of risk management in the Forex markets.You can also see Bob's recently released video series, charting his trading methods and successes. Make sure you comment below with any questions you have for Bob.

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Position traders are suffering a little bit, both short and long term in the Forex market right now. Even scalpers are feeling the sort of chop they haven’t felt recently because of the lack of “trend/congestion, trend/congestion” that has been the consistent general nature of the Forex markets. When the economy is in a particular phase such as recession, growth, or even depression, we’ll see the Forex markets trending. However, the direction of the trend doesn’t ultimately matter. They’ll trend for a period of time, and then they’ll pause and move sideways.

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The IRREFUTABLE LAWS of the MARKET

Posted on by The INO.com Team

SIX STEPS that every trader needs to know to succeed in the markets.

Step 1: A move begins with the sponsors (smart traders) who have insider knowledge as it relates to a particular stock or market. This information will move a market up or down depending on the insiders' information. These buyers are smart, very smart, and recognize trading/investment opportunities very early in the markup cycle.

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An objective method of trading in any market and any time frame

Posted on by The INO.com Team

Today I'd like to welcome Lawrence Korbus, Chief Forex Educator and Professional Trader at Tsunami-Trade.com to the Trader's Blog! Today Lawrence teaches us a little about how he enters trades and analyzes the markets. Please enjoy the article below, comment to Lawrence with your thoughts and insights, and check out Tsunami-Trade.com to see what he does!

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I was sitting as an invited “expert trader” on a panel with 4 other traders at the 2009 Las Vegas TradersExpo last week.  They called the standing room only panel discussion: “Successful Strategies for Profiting from Forex Trading.”

They asked the question of all of us, “How do you make money trading the Forex markets?”  The panelists said some things about using their decades of experience to get a “feel for the market”, and then they each in turn cited several different methodologies such as trading breakouts, and using proprietary sentiment and Elliott Wave analysis to come up with “an area to trade”.  They were not more specific than that on how they entered trades.  Although they all differed in how they entered trades, what I found most interesting that they all had one thing in common.  They all said that they would scale out of the trade as the trade hopefully went in their direction.
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Be Honest With Your Answers To These Two Questions...

Posted on by The INO.com Team

Today's Guest blogger is Norman Hallett from The Disciplined Trader, and today he's challenged us to answer two very tough questions that ALL traders should sit down and think about. They have to do with our mental approach and Norman's one of the best at helping traders.

These are the first two questions of a 10 question quiz.  If you want to see where you stand as a disciplined trader (or lack of it!) then take the whole 10-question quiz. It won't take much time and it's free. He's looking forward to your answers and comments!

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The following 2 questions will conjure up different visions for each person. The idea is to relate to certain trading experiences and what actually happened in such situations-not what sounds like the best answer. Moreover, if a described situation has not yet been experienced, try to make an honest appraisal of how you would act. Again, not what sounds correct but how you think you would actually correct. Remember, being a successful trader requires continuous and almost brutal self-appraisal.

There are no “perfectly disciplined” traders.  But there are many traders who come close.  This quiz is meant to help you assess where you are in your quest to be The Disciplined Trader and help you to identify areas that you may want to improve upon… because the way to maximize your potential as a trader is BE The Disciplined Trader, and adhere to your tested trading plan without hesitation.

The following are the first 2 questions (and answers).

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