The first and perhaps most important “secret” is to realize that your methodology or approach (no matter how good) is only part of being a highly successful trader. This applies to any trading style including, day trading, swing trading or…
Read moreCould it be possible that you are staring right into the most spectacular financial opportunity of the century? Operation: Iraqi Freedom will undoubtedly be a war marked in history for loss and tragedy, American victory, and the rise of a…
Read moreQ1: When you consider that the foreign exchange market has become the world’s largest financial market, with over $1.5 trillion USD traded daily, where does it go from here? A1:The FX market is unique, in the UK there is no…
Read more“Is it important to be creative in your trading?” I’m not sure I can describe it in terms of importance. The creative process is somewhat of a mystery, even to scientists who study it. There are a few common characteristics…
Read moreMost new traders tend to focus just about all their time and energy on finding nearly perfect “setups”, but trade setups, even very good ones, are *not* the key to successful trading. It’s the *way* you trade your setups that…
Read moreOne way to acquire discipline in trading… “Hey Joe! When you were teaching us at our Forex office in Florida, you stressed discipline. Our head trader stresses discipline. What I want to know is if discipline can be acquired or…
Read moreFOREX is the abbreviation for the Foreign Exchange market. FOREX is basically an international exchange market where currencies from all over the world are bought and sold for profit. The market today began in the 1970’s. FOREX is a very…
Read moreThe following are some of the most common types of foreign currency hedging vehicles used in today’s markets as a foreign currency hedge. While retail forex traders typically use foreign currency options as a hedging vehicle. Banks and commercials are…
Read more“FX” is an abbreviation of “forex” or “foreign exchange.” Foreign exchange is the largest and most liquid market in the world trading approximately $2 trillion every day (that’s over 30 times the daily volume of NASDAQ and NYSE combined). The…
Read moreForeign exchange market, or better known as FOREX, is the world’s largest and most prolific financial exchange market originated on 1973. Bearing the status of largest and most prolific currency exchange market, FOREX is the center stage where a vast…
Read moreThere are some common mistakes I’ve seen traders make in the area of money management. First, let’s understand what money management is all about. Money management overlaps with risk, trade, business, and personal management, yet it has many aspects that…
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