Quotes of the Day

It is imperative that foreign exchange traders pay close attention to interest rate differentials on all trades initiated, especially those that will likely remain as open positions for more than a day. [2009] - James Chen

The customer is always right. Customers are incredibly selfish. They want the very most for the very least. To please the demanding customer of today and tomorrow, you must develop the habit of continually improving what you sell, the habit of moving quickly on opportunities or problems and of doing things quickly to satisfy your customers, and the habit of flexibility. [2004] - Brian Tracy

The single most important skill for success is the ability to sell. Every other skill can be hired away from someone else. Selling is the only field in our society where you can start with little skill or training, come from any background, and be making a great living in a matter of three to twelve months. [2004] - Brian Tracy

Internal retracements are less than 100% and are primarily used to identify the price target to complete a correction. The ratios used for internal retracements are .382, .50, .618, and .786. Most corrections in every actively traded market and time frame end at or very near one of the four key retracements. [2009] - Robert C. Miner

Once the reasons you got into a trade have changed, you should get out of the trade. An example would be when you buy because the market is near a trendline and you think it will continue to trend. If it breaks the line, you were wrong, so don’t hesitate to get out. [2003] - Marcel Link