I’m sure you’ve heard of the saying, “Cut your losses and let your profits run”.
This is probably the most commonly quoted piece of trading advice on the internet.
For years, I tried to abide by it as I struggled – just […]
Imagine, during the FIFA World Cup you approach one of the players and ask:
I see that the World Cup is going on right now… how can I join this competition and win?
This is obviously, a ridiculous question. No sensible member […]
Without leverage, Forex trading would be practically pointless for most retail traders.
But while it’s one of the most important distinguishing characteristics of Forex trading, I find that many traders are still in the dark about how leverage actually works.
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 […]
To be clear, I’m talking about ‘How To’ advice that goes something like:
Even with […]