Category Archives: Uncategorized

You Call Yourself A Professional Trader ?

You know you’re a lyin’ lowlife, motherfuckin’ gamblin’ degenerate prick? You know that’s what you are? – Nicky Santoro in Casino (1995) Trading seems to me to be the only career where anyone can claim to be a professional without being challenged. Just think for a second. It’s actually against the law in most countries… Read More »

ForexLive Just Started Selling Trading Courses

Yeah, I just found out after watching some 30 minutes of an hour or so long *free* webinar called  ‘See the market through the eyes of a successful trader‘. I guess what attracted my attention was, beside the catchy title, the fact that they went out of their way to accommodate people on various timezones… Read More »

Thinking of Adding a Forum

Three of the most commented articles on this site are related to what I consider to be scams or scams in the making : the EA Rev Trader Pro and FxKeys website here and here. There is some valuable information in those comments that I missed in my research before writing the articles. This shows… Read More »

Meaningless Trading Phrases People Use To Sound Professional

Here are four phrases that don’t mean anything but will make you sound like a real professional to the uninitiated: 1. ‘So anything is indeed possible’ used for example in an article/talk about future scenarios for a currency pair, stock index etc. Well of course it is, you don’t need any analysis to realize that.… Read More »

What’s the Reason Behind This Price Movement ?

I’ve made the case before that trying to provide reasons for why a financial instrument (currency pairs, indices etc) moved the way it did in a short period of time is impossible. It could be argued that in certain cases, at best, it’s an educated guess. But most of the time it’s just an exercise… Read More »

A Look at Facebook’s Valuation

This week marks the six year anniversary of the bull market in US stocks and six months since Facebook passed $200 Billion in market capitalization. While the Nasdaq has increased in value a little bit over three times during these six years, Facebook capitalization has gone up some twenty times over the same time period.… Read More »

Six Years of Bull Market for US Stocks

This past Friday marked the six year anniversary of the bottom in US stock market as represented by the popular S&P500 and DJIA indexes. It is surprising when we realize how far they’ve come since Friday March 6th 2009. That day, which just like yesterday, was a jobs report day (NFP), saw a low of… Read More »

Timothy Sykes Exposed

Even if, like me, you’re not into penny stocks, chances are that you’ve heard of Timothy Sykes. He’s the guy who, while in college, turned $12k into more than $1million trading penny stocks during the dot-com bubble in `99-2000. He then tried to run a short biased hedge-fund, didn’t quite make it and since 2007… Read More »

Cutting Through the Bull – Forex Price Action

I’ve never held the guys selling Forex price action courses in high regard for one basic reason: not one of them can show that what they teach and charge for is profitable. As far as I’m concerned, in trading money talks and bullshit walks. You can have the best designed website and hundreds or thousands… Read More »

Get Funded – A Pitch of the Trading Dreams Factory

Arguably, the whole trading educational services industry is a big dream factory. That’s because in 99% of the cases you have self professed trading ‘professionals‘  without any proof of them ever having traded successfully (or even traded at all) purporting to teach others how to do this for a living. I believe this is an… Read More »