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 […]
Trading is a deeply personal activity.
Like painting or singing, it’s not something most people would want to do in public.
Why?
Because these activities are focused on the training process – where mistakes are often made.
As non-professionals, any time we paint, sing, […]
If I had to use a metaphor, I’d say that trading is a lot like predicting the actions of shoppers in a mall.
At the individual level, I can’t accurately predict if a particular shopper is going into walk into Levi’s […]
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, […]
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 […]
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.