Are there any differences between a trader and a gambler? I’m sure that many people will say no. Let’s look up the two words in the dictionary: A trading – to engage in buying or selling for profit gambling – the act of playing for stakes in the hope of winning At first sight, it… Read More »
For those of you who don’t know, a zero-sum game is defined as a situation in which one person’s gain is equivalent to another person’s loss. Just to give you an example, if trader A wins $5k on a long Eur/Usd position, the zero-sum theory holds that the money came from one or several traders… Read More »
Jesse Livermore is known as one of the greatest traders who ever lived. During his lifetime he was a legend of Wall Street. In the 1920s, when the traffic lights were hand-operated by policemen on boxes, he would never stop for a red light. The moment they saw his car, the lights were green. (source:… Read More »
It’s been well-known for years that around 90-95% of those who start trading will fail to achieve any meaningful trading success. And I’m not talking here about people who paid $99 for the latest forex robot that promises to turn an $1k account into $20k in one year. Or about people who paid thousands for… Read More »
Why do I Run this Site? The first answer that comes to mind if I’m asked this question is because I love trading; reading, writing, watching movies and talking about it. Actually, it’s not often that I get a chance to talk about trading because most people I deal with in real life don’t know… Read More »
These are the great choices of trading movies that I enjoy the most and every trader and investor needs to watch. I’ve watched each and every one at least 5 times 1. Wall Street 2. Wall Street: Money Never Sleeps 3. The Wolf of Wall Street 4. Boiler Room 5. Trading Places 6. Rogue Trader… Read More »
Want more great choices of the best trading books of all time? Want to be a better trader? Pick on these list of trading books and improve your trading performance. These are the remaining ten of the trading books: 11. Trade Like A Stock Market Wizard 12. Diary of a Professional Commodity Trader 13. How… Read More »
For those who love to read and looking for best trading books look no further! I created a list of great choices of trading books. Here are the first ten best trading books of all time, in no particular order: 1. Reminiscences of a Stock Operator 2. How to Trade in Stocks 3. Market Wizards… Read More »