The interesting thing about trading is that you are constantly rediscovering "stuff". There are certain breakthrough moments that I had 3 years ago that I am still in the process of explaining. This happens when you change your perspective (i.e. ...

The Moment Of Victory

I believe this statement is just about how you should view the market on a day in day out basis. In essence, you are only as good as your last trade. Stay humble and focused. I beat myself on bad trades and good trades. A bad trade will involve some ...

The Moment Of Victory

Without fundamentals, the price action on your chart would look like a horizontal line going across your screen.

An Edge In The Markets

I totally agree......I wish I could give it away right now....but I can't .

An Edge In The Markets

I agree to some extent.......but the only thing a consistently profitable trader is addicted to is making money in my opinion. However, a weak minded person will definitely go off the deep end trying to trade any market. It is not for the faint of ...

An Edge In The Markets

As a child I was passionate about sports....and I played constantly. When I became older.....I became passionate about mathematics.....so I pursued and obtained an Engineering degree. Just because you have passion for something and are dedicated to ...

An Edge In The Markets

I will have to respectfully disagree with you on this one. Gamblers and traders are two different species. I will never, ever consider myself a gambler. However, if a person has never seen a FX chart in his life and wakes up one day and decides to ...

An Edge In The Markets

It is true that reciting a bunch of psycho-babble all day will not help you trade any better. You have to actually study price action intensely until you are blue in the face. It is VERY HARD WORK......all of the psycho-babble is simply a subset of ...

An Edge In The Markets

Ooops....I meant to say the following in my post: "By belief is that if you do not have the correct "mindset" and intestinal fortitude at the beginning, you will not be able to endure the months and sometimes years of unprofitability before you ...

An Edge In The Markets

By belief is that if you do not have the correct "mindset" and intestinal fortitude at the beginning, you will not be able to endure the months and sometimes years of unprofitability before you finally find a consistently profitable trading system.

An Edge In The Markets

There is a right way to trade and a wrong way to trade. Once a trader figures out the right way to trade......I feel they will have an "edge".

An Edge In The Markets

Wow....very intelligent post!!! Very good explanation!!

An Edge In The Markets

The point I am trying to drive home is that there are certain times during the week where either the bulls are dominant or the bears are dominant. Over the years I have learned to wait patiently for those opportunities. When I first started trading ...

An Edge In The Markets

My "edge" is that I freakish amount of patience. Ever notice those traders on financial TV shows that talk real fast as if to make you think they have the thinking capacity of a computer? They would fit the psychological profile that FX market ...

An Edge In The Markets

I agree that an edge is highly important.....but for a lot of traders; it takes years to find what your edge is. 99% of most people will never find their edge unless they have the proper mental focus, and money management. Now once you find your ...

Why isn't trading as easy as this?

I suppose if you trade the lower timeframes you can scalp all day and mimic the sensation of a fast moving market...more power to those who do that...I trade the higher timeframes myself. You have to be nimble and self assured to trade the lower ...

Why isn't trading as easy as this?

Hmmmm....if prices moved this quickly. It would probably be a lot easier to trade. It tends to wear on you mentally and physically when you watch your position go against you for 10 straight hours. The mindspeak gets very, very loud causing you to ...

Why isn't trading as easy as this?

Poker can in no way be compared to FX trading otherwise you would never see these 21 year old youngsters routinely clean the clocks of these so called pro players. There is no way a person trading FX for 2 years can dominate a FX trader who has been ...

Forex vs Poker

The biggest difference is that a poker player at a final table can take enormous risks because he knows that he has a minimum guaranteed amount of cash winnings. A FX trader has no such guarantee of cash winnings. If a FX trader makes a stupid ...

Forex vs Poker

Trading for a living is not for the faint of heart. Nothing in this society prepares you for a career in trading. Our educational system is nothing more than a training ground for future workers. Trading for a living is completely opposite of taking ...

I don't want to get rich