(In order to understand what is margin in Forex trading, you first need to understand how trading leverage works: Understanding Forex Leverage)
So as you know by now, it’s not the maximum leverage, but the actual leverage […]
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.
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 […]
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 […]
Here’s something for you to think about, if you’re serious about attaining financial independence with Forex trading.
Can you answer any of these questions with certainty and clarity?
– Why are you looking to trade for a living?
During World War II, the U.S. Military stationed forces on some islands in the Pacific ocean. They kept military equipment and supplies on these islands, and built makeshift runways for planes to land and take off.
Interestingly, the military personnel found […]
Below you see 6 boxes on the left, and 6 boxes on the right:
The contents of the boxes to the left have something in common.
The contents of the boxes to the right also […]
Sometimes I make a good trading call, and get complimented on my trading “skill”.
It’s flattering of course, but the truth is that it isn’t so much about skill, as it is about experience.
If you get punched in the face every […]
Here’s a myth you see almost everywhere online: Successful trading is simple.
The truth is, it’s not. That’s just a marketing angle.
If trading was simple, anyone can just pick up a book, follow what it says, and become a winning trader.
Throughout our lives, we’re constantly told to be “true to yourself”.
This is the kind of advice everyone likes to hear, because it makes us feel good. No one likes to be told to be less of ourselves.
Unfortunately, this is also […]