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 […]
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 […]
Recently, I received an email from a relatively new retail Forex trader. It went:
“Chris, I can’t get my trading to work… can you help me? I’ve read many books and paid through the nose for a few seminars. Also I’ve […]
Recently, a new trader asked me: “What’s the biggest mistake amateur traders make?”
I paused and thought for a moment.
While amateur traders often make mistakes, I’ve never had to consider what the BIGGEST mistake was.
“Is it poor money management?” he continued.
I […]
Naturally, people come into the markets to win trades and make money.
But one of the biggest ironies of trading is that those who focus on winning, don’t.
At least not for long.
Why? Let’s take a look…
The answer […]
When I was in elementary school, I was amazed at how mum could type on the computer without looking down at her fingers.
Her eyes would be glued to the computer screen as her hands glided effortlessly across the keyboard. Within […]
Larry learns about a new trading system from a popular Forex trading website.
The website says, “When you see signals A and B, buy. When you see signals C and D, sell.”
Excited, Larry opens up his charts and scans through the […]
The days of company-provided financial security are long gone.
Unemployment rates are through the roof, employment benefits are being cut back, and pensions are getting scrapped.
Heck, these days most people would be lucky to have a mid-level executive job.
If you really […]
In this age of free and easy information, there is far more bullsh*t than useful advice.
After all, it takes much less effort to make things up, than to uncover information that is truly helpful.
Take vaccine science for example. It took […]
It’s not an exaggeration to say that we live in a society fixated on external achievements. Almost every aspect of our lives is measured against the observable results of others.
In high school, we envy the top performing student and wished […]