Trading Forex For A Living: Harsh Truths (part 2)
This post is the second of a 2-part series. You can read the first part here.
Now here’s the next harsh truth about trading for a living:
Trading Forex For A Living – Harsh Truth #3
The […]
Trading Forex For A Living: Harsh Truths (part 1)
Among the retail traders I’ve spoken to over the years, more than half say that trading Forex for a living is their eventual goal.
This isn’t surprising, given that traders can make money anywhere in the world with an internet connection.
I […]
Trading Risk: Understanding What Didn’t Happen
Do you have a healthy diet and exercise regularly?
Do you use a non-recognizable, 13-character unique password for each of your online accounts?
Do you floss every time you brush your teeth? And do you put on a seat belt every time […]
How Committed Are You To Your Trading Success?
Another year has passed, it seems, all too fast.
It was 12 months ago that I wrote a short post about the challenges of learning to trade and how easy it is to give up along the […]
How To Get Good At Retail Forex Trading
Bruce Lee once said,
I do not fear the man who has practiced 10,000 kicks. I fear the man who has practiced one kick, 10,000 times.”
To get good at trading, all you need is one method.
You don’t pick an indicator for […]
There’s A Market Crisis – How Do I Make Money From It?
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 […]
The Difference Between Trading And Gambling
How do you know if you’re trading or gambling?
To find out the answer, ask yourself a simple question:
How soon do you judge the results of your trading?
If you judge your performance after anything less than a year, you’re […]
Surprise: I Don’t Know Everything About Trading
On March 14 2014, tensions between the U.S. and Russia escalated when a referendum was announced to be held in Crimea that weekend, on Sunday March 16.
By all estimations, the Crimean people were expected to vote […]
Keep Showing Up
In the only sport that has both men and women competing with each other, Julie Krone is the most successful woman jockey in American horse racing history.
I don’t know much about the horse racing, but after reading a few articles […]
The Most Valuable Skill In Trading
In most iterated competitive systems, leverage and efficiency tend to go up over time.
The result is a growing disparity between winners and losers, where the winners get allocated increasing amounts of resources to keep growing at the expense of the […]