Why Should You Become A Trader…
…When “Trading Adds No Value To This World”? I received a question from a reader a few months ago that read something like this: “A friend of mine once told… Read more Why Should You Become A Trader… →
10 Best Trading Psychology Books of All Time
The Best Trading Psychology Books I’ve Ever Read There are thousands of fantastic books out there on trading. They’ll teach you everything you need to know from technical analysis to… Read more 10 Best Trading Psychology Books of All Time →
How To Create Trading Strategies
Trading Strategy Development 101 There exists a multitude of highly effective systematic rules-based trading strategies you can learn out there in the wide seas of the internet which require minimal… Read more How To Create Trading Strategies →
12 Trading Psychology Lessons From “Art of War”
What Is Sun Tzu’s The Art of War? The Art of War is a literary and philosophical classic for good reason. It contains many gems of wisdom for all walks… Read more 12 Trading Psychology Lessons From “Art of War” →
Forex Trading Tip #4: How To Read Trend
How To Read Trend In The Forex Markets There are many ways to make money out of the forex markets, but there are a handful of specific skills you must… Read more Forex Trading Tip #4: How To Read Trend →
Treat Your Trading Like A Business
The True Winner’s Mindset There are many common themes and threads among the world’s most successful traders: The self-discipline and self-awareness to first conquer the markets and themselves, and then… Read more Treat Your Trading Like A Business →
Why Traders Fail: The Pareto Principle
Why Do Traders Really Fail? Depending on your goals and motivations, trading is one of the most incredibly difficult endeavors you will ever undertake. If your goal is to have… Read more Why Traders Fail: The Pareto Principle →
21 Lessons From Jesse Livermore: From Dirt to Riches to Suicide
Who Was Jesse Livermore? Jesse Lauriston Livermore is one of my favorite trader case studies. His biography was loosely fictionalized in the famous 1923 book Reminiscences of a Stock Operator… Read more 21 Lessons From Jesse Livermore: From Dirt to Riches to Suicide →
Forex Trading Tip #3: It’s OK To Do Nothing
It’s OK To Do Nothing! I’ve mentioned many times on this blog how trading is one of the most counter-intuitive professions you will ever undertake. Often times what is right… Read more Forex Trading Tip #3: It’s OK To Do Nothing →
The 3 Best Forex Trading Indicators
What Are The Best Forex Trading Indicators? Every forex trader who depends on technical analysis also depends on technical indicators for their trading process. I have never met a successful… Read more The 3 Best Forex Trading Indicators →
Don’t Trade the News!
Good News: You Can Ignore the News! Many forex traders (and traders in general) want to know how to trade the news. In their quest to master trading the news,… Read more Don’t Trade the News! →
What Is A Good Win Percentage? The Math of Winning
What Should Your Win Rate Be? Most forex traders (and traders in general) think that their win percentage is the most important statistic of their trading. The relieving truth is… Read more What Is A Good Win Percentage? The Math of Winning →
How To Find A Trading Mentor
Find A Mentor – Not Just An Educator Learning is a two-way street. It requires feedback. And as retail traders the only feedback we typically get is from the markets… Read more How To Find A Trading Mentor →
5 Reasons Why You Should Backtest
What Is Backtesting? Backtesting is the most under-utilized secret weapon in trading. It is the process of poring over historical price data and testing your strategy over hundreds or thousands… Read more 5 Reasons Why You Should Backtest →
10 Untold Truths About Trading
1. It’s Not Easy Perhaps the most enlightening realization I’ve had about trading is that it is a journey. Like music, painting, writing, athletics and every other form of human… Read more 10 Untold Truths About Trading →
Forex Trading Tip #2: Turn Off Your P&L!
Turn Off Your Profit & Loss Trading is one of the most psychologically stressful endeavors you can undertake. It is a tumble-dryer of emotional stimulus that can drive you crazy… Read more Forex Trading Tip #2: Turn Off Your P&L! →
Forex Trading Tip #1: Wait For The Close
Impulse Control One of the biggest operational hazards for traders, especially new traders, is impulsive decisions. If you are a human trader and not an algo, which I assume you… Read more Forex Trading Tip #1: Wait For The Close →
The Mystery of Technical Analysis
Introduction Many new traders (and non-traders), and even professional fundamental traders, have the wrong idea of what role technical analysis plays in trading. They believe it is some kind of… Read more The Mystery of Technical Analysis →
The Importance of Consistency
Four Pillars of Trading Once a trader has discovered a profitable approach to trading that suits their personality, their journey does not end there. In fact, that is where the… Read more The Importance of Consistency →
AUD Flash Crash: A Trading Case Study
What Caused the AUD/JPY Flash Crash? AUD flash-crashed against all of its pairs on Thursday morning, January 3rd 2019. AUD/JPY was the major pair that was hit the hardest, reaching… Read more AUD Flash Crash: A Trading Case Study →
The Importance of Discipline
Self-Control & Trading The market is ruthless and unforgiving. It punishes even the best traders for making even the smallest mistakes. The only redeeming aspect of this side to the… Read more The Importance of Discipline →
What Is Trading Edge?
Understanding Edge Every trader has a slightly different interpretation and definition of “edge”. If you asked 1,000 traders what their edge was, they would all have different answers even if… Read more What Is Trading Edge? →