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Tuesday, March 10, 2009

What's your Trading edge (defined)

Now before you answer this question let me tell you what a trading edge is NOT:

- You have a day trading or forex scalping system

- You think you can predict forex prices

- You think forex moves to a scientific formula

- You have a simulated track record from a vendor you have bought

- You like to buy low and sell high

- You think you can trade expert opinion and news

- You think you are clever

- You think you have a complicated system that can beat the market

Most forex traders think the above will give them a trading edge - but believe any of the above and the market will take all your money and do it quickly.

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