As adults, we spend most of our lives exchanging time and effort for money.
Whether it’s through Forex trading or an office job, the goal of most of our daily activities is essentially to have more income.
But does having more money […]
To be clear, I’m talking about ‘How To’ advice that goes something like:
Even with […]
It is commonly said that retail Forex traders are subject to the 90-90-90 rule:
90% of them lose 90% of their money within 90 days.
Although this is a slight exaggeration, the point is nonetheless anchored to the reality that the vast […]
As a beginner trader, one of the first trading systems I tested was based on moving averages, RSI, and Fibonacci levels.
I eventually found the system to be unprofitable (for me, at least), so I moved on and looked for new […]
Shortcuts are great.
They enable us to get the rewards without having to do much work.
I mean, who wants to work for something when we can “cheat” and get it quickly and/or for free?
Shortcuts benefit our lives without requiring us to […]
Trading is a lot like life.
It’s about making decisions in the face of an uncertain future, with few rules and where you’re in full control of your actions.
Just like life, trading is what you make of it.
It can be spontaneous […]
A few years ago I was browsing the various news sites, and caught wind of the military escalation in Ukraine.
Reportedly, about 1,000 Russian troops have now crossed the Ukrainian border.
Unsurprisingly, a number of news reporters jumped on this story and […]
Last week I met with a good friend Mike, for lunch.
He’s one of the best intraday traders I know, who decided to stop short-term trading because it was taking too much of a toll on his physical and emotional health.
In […]
Among the traders that I’ve communicated with over the years, the ones that struggle the most tend to be intermediate-level traders.
You see, although they are well-acquainted with the trading basics, their account typically hovers between a small loss and break […]
Trading is so lucrative precisely because most people lose money at it.
After all, the more money the losers lose, the more money the winners make.
But hang on… why do the losing traders lose so much in the first place?
Think about […]