One of the great battles fought every day on the trading battlefield. It is of the stale versus the electrifying trading information. In one of my earliest books I read (Trading & Exchanges: Market Microstructure for Practitioners) which helped form the foundation for my trading philosophy, it includes a few key pages on stale …
Trading is the pursuit of truth. Which also means it is a meritocracy. Star traders tend to get rewarded and rise to the top. It usually (But not always) happens that way. Which brings me to some news that happened over the past few months. If you are not familiar, George Soros, one of the …
Some people do call me crazy – but when they see some of the ideas and strategies I have, and truly understand them and what they can do for them, then they usually change their tune. I admit that I have a unique way of explaining the trading journey and what it takes for trading success …
Once upon a time, about 100 years ago, there was a fire that demolished a factory, taking with it years of progress and records. The owner displayed immense calm in the face of this setback using the words: “It’s all right. We’ve just got rid of a lot of rubbish.” “There is great value in …
An economics textbook. A college course on economics, etc. If you really desire to be a trader, do you need any of them? Nah. You don’t. There are some people that believe they are going to get into trading by studying intensely an economic textbook. Or by taking a college class, etc. It’s certainly a …
Why should you trade Forex to begin with? Whether you are just starting to trade the currency market, or adding it to an existing strategy and portfolio here are the reasons to do so: Trading 24 Hours A Day: This is a popular marketing point often touted to promote forex trading – the fact …
Could it be possible that you are just three feet, three inches away from trading gold? Read on to find out… In trading, when you are going through the rigors of the process, there are typically many moments of enlightenment and revelations, these “aha” moments along the way. These tend to challenge previously held beliefs …
It’s in my hands. The weekly Barron’s newspaper. And what is the front page story? Out of all the potential macro opportunities and imbalances in the world they could possibly spotlight, they chose the AUD and commodities. Let’s take out some snippets and analyze them: “Right now, the Australian dollar is signaling that the …
One of the great joys in life is to see your progression and evolution. To see the accomplishments, revelations and epiphanies along the way. People who have children can tell you of the joy they take in seeing their children grow up. Similarly, there is joy in your trading and investing evolution. To see yourself …
As the years go by, I learn more and more what is highly relevant and powerful information, and what is irrelevant, low value, delusional, and potential dangerous information. All of life is a series of information, your interpretation of that information, and what you do with it. If you happen to interpret irrelevant information, or …