Why Forex Trading Is The Best Business In The World
As far as I know, trading Forex as a business is the best way to make a living.
Why?
Because it’s much more than just a way to make money (for clarity, check out my About page).
You see, […]
The Asch Experiment: Trader Conformity
In the early 1950s, psychologist Soloman Asch carried out an experiment that would later go on to become a classic study of human behavior.
Imagine you are 1 of 6 people sitting in a classroom, in preparation for an observation test.
An […]
Complainers vs Achievers
A complainer is someone well equipped with reasons to justify his inaction to an unsatisfactory situation.
Often, you’ll hear a complainer say: “If only I had X, I’d achieve Y!”
Complainers are unwilling to work on a problem until the stars are […]
Explained: Why You Don’t Need A Large Trading Account To Trade Longer Time Frames
A common misconception about trading on the longer term is that it can only work with a large trading account.
The thought-process goes as such:
When trading on a larger timeframe, one needs a larger stop loss allowance.
With a larger stop loss […]
Your Job Isn’t Supposed To Make You Happy
Whenever I spend more than 2 weeks in a country, I make it a point to befriend the locals and assimilate as much as possible into the culture.
I do this not just because I find people to be mostly good […]
The 2 War Generals
Allow me to share a short story…
Two Chinese War Generals are preparing their armies for an impending battle. It is the 14th century.
General Ma spends his time training his soldiers to use various weapons – swords, spears, bows and arrows. […]
“I’ve Lost My Job And Need To Make Money. What Do I Do?”
I’ve been writing about Forex trading for the past 9 years, and I truly enjoy the responses I get from the people who’ve read, applied and benefited from the material I put out.
However, every now and then I’d get a […]
FX Concepts Winds Down
FX Concepts LLC was once the world’s largest Forex hedge fund that at its peak managed more than 14 billion in assets.
As of September 26, that number has declined to $661 million.
Founded in 1981, FX Concepts has suffered significant losses […]
How A Logical Argument Can Improve Your Trading
Most trading methods can be categorized into 3 groups:
- Trading price action
- Trading technical indicators
- Trading fundamentals
These are by far the most popular, and they operate on logic-based principles.
But what does it mean to be logical anyway?
What ‘Logical’ Means
To begin, […]
The Only 2 Ways Retail Traders Can Succeed
As far as I know, there are only 2 ways of trading that produce positive results in the long run for retail traders.
Method #1: Short Term Price Action
This is a reactionary approach to trading.
Allow me to explain.