A very often asked question is whether any method of trading can be programmed and if so, is this a better way of trading, since a computer has no emotions? Humans have the problem of bad habits that often destroy their trading potential; computers on the other hand can repeat an instruction over and over again, perfectly! What do you think?

Read the interesting article we posted by Vincenzo Desroches of ForexCharts.Com and post your comments.

What we know is that 2009 was a year of extreme turbulence. Fortunes were lost. But fortunes were also made. Long term investors were handed their heads on a plate. Those with enough reserves as a cushion were able to take advantage of panic selling. Always the best time to buy. Like a crocodile waiting to pick off the panicked wildebeest as it it tries to cross the river during its annual migration across the Serengeti Plains, astute traders sat on the sidelines and waited until the panic had begun in earnest. Doom sayers were talking about the worst downturn since the Great Depression.

 Trading in the forex market sounds exciting. It is. It is also a risky business, if the risk is not managed. Luckily for traders, the risk in trading the forex markets can be managed quite efficiently due to the vast liquidity in the major currencies. However, today, given the high levels of technology and the ease in which it is possible to open a trading account, a new trader can easily fall prey to his or her own enthusiasm to get started in trading due in part to the strong lure of the forex brokers who offer cheap access and a promise of easy success.

First of all the reality is that not everyone who takes up trading will become a star. That is true in golf or snow skiing or any other sport too. It is also true that while one can learn to trade by following the rules that may lead to success, bad habits die hard. Changing one's existing mindset to that of a mindset required to be a successful trader requires more than a paradigm shift. It requires a complete reorientation of one's habits. Habit formation is the process of making a response automatic or instinctive. There is a difference between reacting and responding.

What is the opposite of Fear? The conventional wisdom on Wall Street and in trading circles says that the opposite of fear is greed. These are supposed to be the two dynamics of trading. The markets, say the pundits, is an oscillation between fear on the one hand and greed on the other.

First a big thank you for my valuable induction into the world of forex. I have been making profitable trades for more than 2 weeks now and am confident of ongoing success. This is in no small part due to the education you have provided.

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 "Selwyn,

Many traders have good methodologies for determining an appropriate time to take a trade. Their system actually signals when to get into or out of the trade. Then, they second guess the system and don't do it. This is a lack of commitment. And it stems from a lack of confidence.

Commitment means going for it, even if there is a chance of losing money.

Do you remember the story of the Chicken and the Pig.