Below are the 2 most recent journal entries recorded in abigailtibbitts' InsaneJournal:

Sunday, November 27th, 2011
4:44 pm	How You Can Be a Successful Forex Trader Foreign exchange or currency trading is offsetting one nation's currency against another's. The fundamental elements in Forex trading are capital, method, management of your capital and discipline. It will take all of those elements to become a consistent and successful trader. To obtain control over these four elements is going to require practice, practice and much more practice. Technical Analysis All traders must have sufficient capital to outlive. Enough money will allow a trader to hone his skills and also to play the game long enough being successful. The amount of money determines the number of lots or chunks of currency that may be traded in a single time. A standard lot is $100,000 US, which requires a margin of $800-$1600. The bulk of a trader's time, initially, should be put into developing a successful approach to trading. You will find countless methods and schools of thought regarding how to best trade Forex. The trader needs to decide, before he risks any money, what's the method to be traded. Is the approach to be oscillator trading with stochastics, relative strength index or MACD. Is the approach to be trend following using simple or exponential moving averages or channel trading or utilizing a simple trend line. Fibonacci retracement or extensions, and Andrews pitchfork's will also be methods employed by many professional traders. Choose your method you know works, and then stick with it. Create change it, just execute it. You can't become a successful trader without correct money management. Regardless of what other traders let you know, always, always use an end loss order. An end loss order is important for that trader's psychological peace of mind. The stop-loss is to be put into may well place, behind a prior swing high or swing low. This order is intended to cut participants loss to a small loss and also to prevent catastrophe. In an odd way, executing your method precisely is also a money management tool because by executing your method without hesitation will allow the smallest stop-loss order. Forex Trading Millions of dollars won't cause you to an effective trader in case your technique is flawed. Having the most practical way on the planet is not sufficient if you don't exercise proper management of your capital. Beginning with sufficient capital, an excellent method and precise money-management aren't enough, if you don't have the discipline and attitude to calmly trade correctly. To place it all together requires one thing and something thing only: practice. At the start it is recommended that you utilize a demo account and never actual money to practice. The demo account gets the trader confident with the procedure. Nothing can prepare the trader for actual real-time, money at risk trading. It takes many people months, some will take years, and some won't ever get it. Keep practicing should you really want to succeed at Forex currency trading. (Comment on this)
4:43 pm	How You Can Become a Successful Forex Trader Foreign currency or currency trading is offsetting one nation's currency against another's. The basic elements in Forex trading are capital, method, money management and discipline. It will take all four of those elements to become a consistent and successful trader. To obtain treatments for these four elements will require practice, practice and more practice. Foreign Exchange All traders must have sufficient capital to outlive. Enough money will allow a trader to hone his skills and to take part in the game long enough being successful. The amount of money determines the number of lots or chunks of currency that may be traded in a single time. A standard lot is $100,000 US, which requires a margin of $800-$1600. The majority of a trader's time, initially, should be put in developing a successful method of trading. You will find countless methods and schools of thought on how to best trade Forex. The trader must decide, before he risks any money, what's the method to be traded. Is the method to be oscillator trading with stochastics, relative strength index or MACD. Is the method to be trend following using simple or exponential moving averages or channel trading or using a simple trend line. Fibonacci retracement or extensions, and Andrews pitchfork's are also methods employed by many professional traders. Choose your method you know works, and then stick with it. Create change it, just execute it. You cannot be a successful trader without proper management of your capital. It doesn't matter what other traders tell you, always, always use an end loss order. A stop loss order is essential for that trader's psychological reassurance. The stop loss is to be placed in a logical place, behind a previous swing high or swing low. This order is supposed to cut the traders loss to some small loss and to prevent catastrophe. Within an odd way, executing your method precisely also is a money management tool because by executing your method without hesitation allows the smallest stop loss order. fx Huge amount of money won't cause you to an effective trader in case your method is flawed. Having the best method on the planet isn't sufficient if you do not exercise proper management of your capital. Starting with sufficient capital, an excellent method and precise money-management are not enough, if you don't possess the discipline and attitude to calmly trade correctly. To put it all together requires one thing and something thing only: practice. At the start our recommendation is that you utilize a demo account and never actual money to practice. The demo account gets the trader comfortable with the process. Nothing can prepare the trader for actual real-time, money in danger trading. It takes many people months, many will take years, plus some won't ever get it. Keep practicing should you really want to succeed at Forex currency trading. (Comment on this)