5 Stages of Forex Mastery

There are, generally speaking, 5 distinct stages of progression among Forex traders.

Each stage centers around a certain set of beliefs, and as the trader grows, he sheds them and gains new ones that propel him forward.

Here are the 5 stages, […]

October 21st, 2020|Philosophy|5 Comments

The difference between Risk and Uncertainty

There’s a fundamental misconception in the finance industry that has led many smart people to make some very bad decisions.

In college, finance majors are taught to calculate the risk of a financial asset based on its price variance, which is essentially “how much its […]

October 20th, 2020|Philosophy|6 Comments

Should you be an intuitive trader?

Intuition is a tricky subject, because there’s no way to prove or disprove that it exists.

Consider however, that there’s a strong psychological incentive for human beings to provide an explanation for coincidences: we want to feel in control.

A mother loses her […]

Asking The Right Question

Here’s a question for you:

John has two children. At least one of them is a boy.

What’s the probability that the other child is a girl?

Decide on an answer before moving on.

..

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Ready?

..

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Ok!

Intuitively, most people would guess that there’s a 50% chance […]

Trading Tip: Who’s the patsy?

As a beginner trader, I spent over $20,000 on trading seminars, videos, books and courses. On top of that, I would also spend hours each day scouring though a variety of trading websites and discussion forums.

Despite all this however, I […]