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 […]
It is commonly said that retail Forex traders are subject to the 90-90-90 rule:
90% of them lose 90% of their money within 90 days.
Although this is a slight exaggeration, the point is nonetheless anchored to the reality that the vast […]
As a beginner trader, one of the first trading systems I tested was based on moving averages, RSI, and Fibonacci levels.
I eventually found the system to be unprofitable (for me, at least), so I moved on and looked for new […]
Shortcuts are great.
They enable us to get the rewards without having to do much work.
I mean, who wants to work for something when we can “cheat” and get it quickly and/or for free?
Shortcuts benefit our lives without requiring us to […]
Imagine you are thrown into a jungle and have to survive for 30 days.
You have a guide book that describes the native plants, telling you which ones are poisonous, and which ones are edible or have medicinal properties.
After a few […]
Trading is a deeply personal activity.
Like painting or singing, it’s not something most people would want to do in public.
Why?
Because these activities are focused on the training process – where mistakes are often made.
As non-professionals, any time we paint, sing, […]
A few weeks ago I was speaking with a new acquaintance who, upon finding out that I’m a Forex trader, started bragging about a friend who turned $20,000 into $2,000,000 by selling the Yen in 2014.
Almost immediately, my bullsh*t meter […]
A complainer is someone well equipped with reasons to justify his inaction to an unsatisfactory situation.
Often, you’ll hear a complainer say: “If only I had X, I’d achieve Y!”
Complainers are unwilling to work on a problem until the stars are […]
I was introduced to Forex trading back in 2005, and it took a LONG time before I truly understood what I was doing.
Many years later, I settled on a trading approach that worked well enough to pay the bills.
That was […]
Most games are played in a controlled environment.
The rules, opportunities and threats are fixed, and known to all players.
In a poker game for example, we know in advance that there are 52 cards in the deck, divided into 4 suits […]