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Ed Seykota is one of the best traders of our time, if not the best. Although he doesn’t trade currencies or use price action per se, the lessons we can learn from him are just as valuable. I find this to be true of all successful traders. The market doesn’t make the trader. After all, […]Continue Reading
Developing costly habits as a Forex trader is all too easy. There is no boss to tell you what to do and when to do it, and you can risk as much or as little as you like. While these types of freedoms are what attract many people to trading, they can also create habits […]Continue Reading
Trading can be stressful, not to mention frustrating, when just starting out. Any business where you’re directly risking hard-earned money is bound to give you some anxiety, or potentially a lot of anxiety in some cases. But it doesn’t have to be that way. Apart from the financial risks, trading is stressful because there are […]Continue Reading
Why do so few succeed at Forex trading? The answer to this question is incredibly subjective. Some will say it’s because the market is rigged for us to fail, or that retail traders don’t have sufficient resources to compete. There may be some truth to those, particularly the first. It’s no secret that the odds […]Continue Reading
If I didn’t know any better, I would think Forex traders hate money. Well, at least 95% of them. The way they overtrade on the lower time frames and make emotional decisions is perplexing. And let’s not forget the blown account or three in the first year of business. But I’m not judging. I was once […]Continue Reading