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 […]
In the past 8 years, I’ve used a variety of different trading systems… often at the same time.
Why? Because situations are changing all the time… and if my trading doesn’t adapt accordingly, I’ll get left behind.
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 […]
George Soros is one of the richest traders in the world… which is why many years ago, I tried to read his book The Alchemy of Finance.
I said I tried because as a young trader I could barely understand it. […]
In trading, as in life, the keys to success are rarely obvious.
But pay close attention and sooner or later you’ll notice patterns that over time, start to make sense.
Now I won’t pretend to have all the answers, but after almost […]
Everybody wants to win.
Nobody goes fishing, not wanting to catch a fish.
Nobody takes a test looking to fail.
The desire to win has become such a big part of our lives that not a day goes by without us thinking about […]
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 […]
Imagine you are part of a group of 100 participants playing a game for a cash prize.
The aim of the game is to guess a number between 0 and 100, and the winner is the one who picks the number […]
Many Forex traders today are book smart.
They’ve gone through the Babypips course, read all the Market Wizards books, and are intimately familiar with dozens of technical indicators and chart patterns.
They know all about the theory of trading.
And yet… the vast […]