How To Solve The Market Puzzle
Below you see 6 boxes on the left, and 6 boxes on the right:
The contents of the boxes to the left have something in common.
The contents of the boxes to the right also […]
Trader Mindsets The Market Loves To Punish
I’ve come to find that whenever I start thinking in certain patterns, my trading performance plummets.
This has been such a regular occurrence that I have an acronym for it: DIED.
It stands for Desperate, Impatient, Egocentric, Daring.
The Desperate Mindset
When I’m desperate, […]
Trading Complexity
Here’s a myth you see almost everywhere online: Successful trading is simple.
The truth is, it’s not. That’s just a marketing angle.
If trading was simple, anyone can just pick up a book, follow what it says, and become a winning trader.
But […]
Get Over Yourself
Throughout our lives, we’re constantly told to be “true to yourself”.
This is the kind of advice everyone likes to hear, because it makes us feel good. No one likes to be told to be less of ourselves.
Unfortunately, this is also […]
What’s the best indicator of a reversal?
I often receive questions along these lines:
“What’s the best way to predict a price reversal?”
“What’s the best combination of indicators?”
“What’s the best trade entry/exit signal?”
Almost everyone who comes into trading asks such questions at one time or another.
The blunt answer […]
What Experienced Traders Know (Part 3)
(This is Part 3 of a post series. Read Part 1 here)
Many people begin Forex trading with the hope of making enough money to quit their day jobs. Understandably then, their focus in trading is centered around making as […]
What Experienced Traders Know (Part 2)
(This is Part 2 of a post series. Read Part 1 here)
So… how else do experienced traders think differently?
Let’s take a look.
#2 Experienced Traders Don’t Trade For Income
Many people get into Forex trading for some extra […]
What Experienced Traders Know (Part 1)
With so much trading information freely available online, why are the majority of retail traders still losers?
How is it that everyone has access to the same information, yet only a small fraction of the trading population are profitable?
The short answer […]
The Reality Of Intraday Trading
Intraday trading (also called day trading) refers to the opening and closing of trades within the same day. It’s a blanket term that encompasses all trading styles that meet this criteria.
So it doesn’t matter what type of trader you are: […]
Forex Traders: Are You A Learner Or Knower?
In the world of retail trading there are two types of traders.
The first are those who focus on what they can learn.
Every time they face an obstacle, they think:
- “What is this encounter trying to teach me?”
- “What am I […]