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 […]
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, […]
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 […]
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 […]
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 […]
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 […]
(In order to understand what is margin in Forex trading, you first need to understand how trading leverage works: Understanding Forex Leverage)
So as you know by now, it’s not the maximum leverage, but the actual leverage […]