Beginner traders commonly ask, “How much money can you make in Forex trading?”
$500 per month? $2,000? $10,000 or more?
Theoretically speaking, the answer is “As much as you can handle”.
Sounds good? Well… not quite.
You see, in practice this question has little […]
Just the other day, I was talking to another trader who uses the MetaTrader 4 platform, and was surprised to learn that he didn’t know about the in-built shortcut keys!
Personally, I like the MT4 trading platform a lot, and use […]
Many Forex traders today are book smart.
They’ve gone through the Babypips course, read all the Market Wizards books, and are intimately familiar with dozens of technical indicators and chart patterns.
They know all about the theory of trading.
And yet… the vast […]
I’ve been looking at trading systems for a long time.
From free forum discussions to $5,000 trading courses, I’ve gone through and tested countless of them.
And although most did not yield positive results, one quickly learns how to identify the quack […]
Since releasing my first book a number of years ago, I’ve said “no” to dozens of promotional opportunities from people selling all kinds of Forex trading products.
As a result, I’ve missed out on literally tens of […]
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 […]
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 […]
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 […]
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 […]