PipStop

FXstreet's Tony Juste has a Word of the Day that he sends out daily. Playing off that, and since I come across so many websites on a regular basis, I thought I'd create a Forex Site of the Week. Daily would be pushing it.

Of course for now, it'll be heavily weighted towards the Forex market.

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Trading Site of the Week: www.tradingsuccess.com
This is a blog run by Ray Barros, who focuses on applying structure for trading success. A great resource and storytelling from a trader who has ridden the roller coaster of success and failure. 

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Ray shares the following YouTube link on his Jan. 23 post, which I have embedded below. Watch it and feel its impact.

It's depressing, but it's reality for many, many who are looking to get into trading. One thing is, if this has happened to you, you probably have a hard time admitting reality.

I personally have suffered losses, but not like this. So the question is, what will he do ensure this doesn't happen again? Recognizing errors is one thing. It's a completely different thing to put a course of action to change the way he thinks and the way he does things.

This is a refreshing and sobering trader admission.