Terms of TRADING

[ghaze]

I don't know for sure what the level of education do we need in trading but before we start trading.. first we must fully understand with your heart about the meaning of trading, and then the force of trading will be by your side. Simple terms of TRADING:

T-trend-just follow it!!
R-reward n ratio-good MM
A-attitude - positive 'n flexible-sometime negative also good
D-Defensive equal drawdown-use proper stop loss
I-indicators - Tech. analysis
N-news - fundamental analysis
G-GOD!!GREAT!!i mean praying!!

Hope this help a bit!!

[fxangel]

Originally Posted by ghaze

I don't know for sure what the level of education do we need in trading but before we start trading.. first we must fully understand with your heart about the meaning of trading, and then the force of trading will be by your side. Simple terms of TRADING:

T-trend-just follow it!!
R-reward n ratio-good MM
A-attitude - positive 'n flexible-sometime negative also good
D-Defensive equal drawdown-use proper stop loss
I-indicators - Tech. analysis
N-news - fundamental analysis
G-GOD!!GREAT!!i mean praying!!

Hope this help a bit!!

Hmm.. good abbreviation huh! that's good! i think it summarizes the meaning of forex..

For sure it would help..

Thanks for sharing your views..

[techtrader10]

Originally Posted by ghaze

I don't know for sure what the level of education do we need in trading but before we start trading.. first we must fully understand with your heart about the meaning of trading, and then the force of trading will be by your side. Simple terms of TRADING:

T-trend-just follow it!!
R-reward n ratio-good MM
A-attitude - positive 'n flexible-sometime negative also good
D-Defensive equal drawdown-use proper stop loss
I-indicators - Tech. analysis
N-news - fundamental analysis
G-GOD!!GREAT!!i mean praying!!

Hope this help a bit!!

I whole heartedly agree with everything, especially G. I found that He provides me with the wisdom and the knowledge (through all the people I talk too and work with), to do my trading. I always remember one thing above all, "With God on your side who can stand against you." Thanks for posting those terms they are great to live by.