fxcm-traits-of-successful-traders-guide

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TRAITS OF SUCCESSFUL TRADERS:a four part guideResearch & Analysis: DailyFXIn the fall of 2011, the DailyFX research team and the DailyFX trading instructors closely studiedthe trading trends of FXCM clients, utilizing a full year of trade data from FXCM client accounts.They went through an enormous number of statistics and anonymized trading records in order toanswer one question:What separates successful traders from unsuccessful traders?With this unique resource, they were able to distill some of the “best practices” that profitableFXCM traders follow, such as the time of day they trade, the amount of leverage they use, thecurrency pairs they trade, and more. Those best practices are outlined for you here in this guide.We hope that this series will help you become a profitable trader.-FXCM Inc.
Table of Contents5566889101213Part One: What is the Number One Mistake Forex Traders Make?SummaryIntroductionWhat does the average forex trader do wrong?Cut your losses early, let your profits runHow to Do It: Follow one simple ruleStick to Your Plan: Use stops and limitsDoes this rule really work?Game planResources14141516171920Part Two: When is the Best Time of Day to Trade Forex?SummaryIntroductionDoes the time of day that I trade matter?What about other currency pairs?Game planResources2121222324Part Three: How to Trade the Majors During Active HoursSummaryIntroductionWhat strategy should I use to trade the US daytime?What is a breakout?2
Page 4 and 5: 2425272829How do you trade breakout
Page 6 and 7: TRAITS OF SUCCESSFUL TRADERS: PART
Page 39 and 40: Appendix1.1 - Chart 1.1Chart 1.1 sh
Page 41 and 42: Entry Rule: When the 14-period RSI
Page 43 and 44: 3.6 - Chart 3.7Chart 3.7 shows the

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