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 […]
Victor Niederhoffer was a wildly successful hedge fund manager who was invited to partner up with George Soros in 1982.
Later, he decided to stop working with George Soros because he wanted to move on and do his own thing.
Soros was […]
In the early 1950s, psychologist Soloman Asch carried out an experiment that would later go on to become a classic study of human behavior.
Imagine you are 1 of 6 people sitting in a classroom, in preparation for an observation test.
An […]
Allow me to share a short story…
Two Chinese War Generals are preparing their armies for an impending battle. It is the 14th century.
General Ma spends his time training his soldiers to use various weapons – swords, spears, bows and arrows. […]
Most trading methods can be categorized into 3 groups:
These are by far the most popular, and they operate on logic-based principles.
But what does it mean to be logical anyway?
To begin, […]
As far as I know, there are only 2 ways of trading that produce positive results in the long run for retail traders.
This is a reactionary approach to trading.
Allow me to explain.
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 […]
Everyone wants to learn a method. Everyone wants to learn a system.
“Just tell me what to do – step 1, step 2, step 3.”
If you want to lose weight for example, you can follow a series of weight loss diets:
As toddlers, we grew up wanting to be policemen, artists, teachers and nurses. This was all based on what we wanted to do with our lives. There were no restrictions, as no one imposed their thoughts and beliefs on us.
But […]
The two most common and significant trading mistakes are:
Put together, these over-trading tendencies account for the majority of losses among retail traders.
So why do so many people fall into this trap?
The not-so-obvious answer lies […]