Bank finance articles and tips

During 1998, 1999, 2000 and 2001 thousands of aggressive, well-funded and mostly young men decided that it would be a wonderful life to sit at home in front of a computer and trade financial markets, making millions of dollars without the grind of a daily job. It is thought that the majority of these traders went completely bankrupt for two reasons; a lack of discipline and a lack of impatience. If you were ask these traders if that was the reason they failed most would say no, their excuse would be that the market turned against them, it was one bad trade or that they were given bad information. However, the truth is that most of these men were greedy, saw a chance to make a lot of money and never took the time to truly learn how to trade and make a living....

We can be sure that most experienced Forex traders remember their very first attempts at trying to beat the game when they crashed their accounts in demo mode while learning all they can about the FX Market. The truth is that when the majority of us trade the market with real money early on we are overcome by our own greed, and the urge to make money fast causes us to forget what we fundamentally learned about. It is true that only about 5% of traders actually manage to control their emotions and make money in the business. The remaining 95% of us tend to make one or more of these seven common mistakes.....