Slow and Steady

I have had many traders ask me, either during our training sessions or afterwards, if I have other systems that will get them 50, 100, or even more pips at a time? Let me ask you which you would prefer; chasing the big 100 pip trades or realizing continual 20 pips at a time? Well, anyone who has EVER done one of our training sessions knows my answer - "bird in hand is way better than 2 in a bush," especially when it comes to Forex.

When I first started trading Forex, my mindset was "get as much as you can, as often as you can." That is OBVIOUSLY the newbie's mentality. As you grow and mature in Forex, you will discover that the key to winning this game is not who has more money. The true Forex business owners don't chase after the big numbers at all. As a matter of fact, anyone who suggests that you should is probably not that successful. Forex is too large to try to be the "guru of many pips." My advice is to take some educational courses or training sessions from companies that stress "slow and steady" as their training model.

Over the last few years of trading, I have discovered that it is useless trying to trade every trade as if you were going to get guaranteed 100 or 200 pips. Even if you aren't trying to get 100 pips per trade, continually aiming for certain high numbers of pips isn't always what it is cracked up to be. Think about it; what did it benefit you to trade 100 pips in one day then loss another -100 pips or even loss -200 pips on the very next day! As you can see, making the money is one thing - keeping your money is quite another. The key in Forex has always been the same thing - money management! Do it right, you'll live to trade another day.

Those who we have trained over the years, with proper money management, have learned to turn the 20 or 30 pips per day that we suggest into thousands of dollars - daily. Slow and steady, my friend, remember that! Once you learn how to use your own money management techniques that fit with your trading style, you will become a believer that it was worth it to chase after the little money, slow and steady, than chasing the mega big pips!

Happy trading...

NBCX is now offering FREE eSignals. That's right, we will give you an opportunity to receive veteran trader's FREE eSignals. Visit us at NBCExchange.com for more details.

We want to show you how to get more out of your investments. NBCX is giving away a FREE book to help you learn the Market and how to become more financially independent. For more information or if you would like to join our FREE Learning Center and begin taking classes for FREE, be sure to visit NBCX online TODAY!

As always, happy trading. Mr. Brewer, Founder, NBC Exchange. Providing quality reviews, articles and writings on forex online.