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 […]
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 […]
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 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 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 […]
Most trading methods can be categorized into 3 groups:
These are by far the most popular, and they operate on logic-based principles.
But what does it mean to be logical anyway?
To begin, […]
As far as I know, there are only 2 ways of trading that produce positive results in the long run for retail traders.
This is a reactionary approach to trading.
Allow me to explain.
I was introduced to Forex trading back in 2005, and it took a LONG time before I truly understood what I was doing.
Many years later, I settled on a trading approach that worked well enough to pay the bills.
That was […]
Everyone wants to learn a method. Everyone wants to learn a system.
“Just tell me what to do – step 1, step 2, step 3.”
If you want to lose weight for example, you can follow a series of weight loss diets:
Twenty years ago, the ability to make a living without being employed at a job, was a privilege.
These days however, with companies outsourcing and automating labor, this has now increasingly become a necessity.
Nevertheless, the joy of escaping employment lingers long […]