I just wanted to let people know that I have not forgotten about you and this website. I have temporary stopped blogging in order to have more time to finish the order flow mastery course. I actually have hundred of blog post drafts waiting to be put into concrete posts and posted here in this …
Here is an expanded version to my previous post European Debt Crisis Synopsis European Debt Crisis – Expanded Version The global economy experienced a boom during the years of 2005-2007. Many countries around the world experienced this boom. Even countries in Europe to an extent. An economic boom can produce temporary surging revenue for the …
A big question many people both in and outside the world of trading and financial markets love to ask and wonder about are whether traders and successful speculators add value to the world. The people in the news media can claim that speculators do not add any value and are evil and corrupt people out to screw …
There are some people who claim that forex futures contracts are “better” than trading the spot forex market. Let me break down these arguments. They claim that futures contracts are traded on a centralized exchange vs spot forex which is not on a centralized exchange. Then they talk about how with forex different brokers can …
The billionaire hedge fund manager, Paul Tudor Jones, gives a speech to ninth graders about failures and talks about examples from his own life. Failure was a key element is his life’s journey. He went from getting fired at one of his jobs to becoming a highly successful trader! Read the speech to find out …
Despite everyone’s best efforts at formulating a great trading system, following it and controlling your emotions, the inevitable losing period can come. It is important to know the various strategies you can use to help handle the losing period. It is also helpful to know the variables you can tweak to determine which style suits …
Wall Street Journal has an article out called: Model-Driven Strategies Burn Currency Traders The article goes to explain how some of these quantitative models are failing traders and their hedge funds in these market conditions. One model driven hedge fund lost 4% in October. Another model fund was down 6% for the year. Yet another …
A lot of your trading system and position sizing will depend on what your win rate is and what your reward to risk ratio is. Pretty simple statistics eh? Steve Cohen, the billionaire hedge fund manager uses simple statistics as well. In the CNBC article: How SAC Capital Works Now, Cohen says: The article then …
Someone asked me a question and wanted to know how I define the terms order flow, liquidity, and inefficiency. Order Flow I define order flow as being transaction flow. You want orders to be entered and executed. This can come in the form of a market order hitting standing limit orders. Or it can come …
As I look back at my journey to become a trader It eventually occurred to me that a good portion of it was about being prepared to make the necessary sacrifices. The most successful traders have sacrificed a lot of time in their early years so that they can have more money than their neighbors …