Category Archives: Trading

Trading as a War Zone

You know how some propagandists (from the passive, buy the index camp) like to portray active trading or investing as a war zone. There you are with your laptop or four screen PC  pitted against the brightest PhDs and quants that the money of  hedgefunds and banks can hire. It’s like a caveman with a… Read More »

How Much Money Do You Need To Start Forex Trading ?

This is the kind of question that gets asked a lot by beginners. After they become a little bit more familiar with forex trading, they’ll start asking ‘how much money do you need to trade for a living ?’. Well, that’s a subject for another article. If you look at brokers’ offers, you’ll notice that… Read More »

Eight Rules of a Serious Trader

Many people mistakenly think that the behavior of markets is truly predictable. They open up the trading platform, draw a few lines, add some indicators, perhaps also pay attention to news and announcements, and expect the market to duly submit to their price targets. Well, of course, if they last long enough, they’ll come to… Read More »

Six Trading Questions Answered

Here’s another batch of Q&A I hope you’ll find useful: 1. What’s the difference between a discretionary trader (as I consider myself) and a pure trend follower ? Simply put, and as the name implies, as a discretionary trader I’m not rigidly following the rules of a trading model which can either be built from… Read More »

The Meaning of Being Right or Wrong in Trading

“It’s not whether you’re right or wrong that’s important, but how much money you make when you’re right and how much you lose when you’re wrong.” – George Soros   When did you turn from a loser to a winner? When I was able to separate my ego needs from making money. When I was… Read More »

Three Trading Questions Answered

This is an email I received yesterday. I thought it might be helpful to others too if I made an article out of the answers. Question 1: How do we actually determine if it will be trending or just whipsaw? Let me start by saying that there’s no way to know for sure at any… Read More »

Weekend Forex Gaps – Summer 2015 Edition

After another weekend episode of what seems to be the never ending Grexit saga, the markets have opened with big gaps. Actually, from a trader’s point of view, it’s less important why it happened. What matters is that as long as positions are left open during the weekend, the trader has surrendered control. He is… Read More »

Debunking the Myths of Technical Analysis 1 – Fibonacci

Since I’ve started this site, I’ve received many emails from beginning traders asking what are the best places on the internet to  learn about forex trading. So far, I’ve been directing them to the school over at Babypips, but this will change in the near future as I’m preparing an ‘Education’ section on JLTrader. Looking… Read More »