It is meaningless to talk about trading profits without also mentioning the drawdown incurred along the way.
A 20% annual return might seem admirable on the surface, but experienced traders know there’s a big difference between achieving it with a 30% […]
As a frequent traveler, I typically don’t stay more than 2 weeks in each city I visit.
The good thing about this is that I’d get to see new and interesting sights all the time.
The bad thing though, is that I […]
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 […]