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 a unique… Read More »
There are a lot of “experts” out there who will purport to know the reasons for every 20pip move in a currency pair or stock index. I just want you to think about it for a minute. You will see how impossible it would be for the analyst, strategist or whoever writes these pieces to… Read More »
Someone sent me an email asking for my opinion on Andrew Mitchem. This person wanted to buy his forex course but was of two minds about it – on one hand, with it being priced at $2,500 he thought that it must be valuable, on the other hand, he wasn’t quite ready to part with… Read More »
Last week’s unexpected move by the SNB is still the main discussion topic in forex traders’ circles, so my article today will also relate to it, albeit from a different perspective. If you will, it’s a continuation of my previous article. One of the main attractions, at least as far as I’m concerned, of the… Read More »
I’ve seen the claim in the title in my Twitter feed and there’s also a Business Insider article about it. Not only that, but when we supposedly last had six consecutive positive years (1898-1903) what followed was an 18% correction in 1904. This would be a strong point in a bear-case scenario. If it was… Read More »
Despite evidence last week from Swiss National Bank member Danthine saying the EUR/CHF floor at 1.20 will be maintained, the Swiss National Bank (SNB) released a market-wide cataclysm by abolishing the minimum exchange rate and EUR/CHF floor. Today’s shocking announcement of Swiss National to discontinue its minimum exchange rate of 1.20 Swiss francs to the… Read More »
Breaking the Losing Streak – This is the elephant in the trading room. It is rarely mentioned, almost everyone thinks or hopes it won’t happen to them, but all traders will have to face it at some point. Even high winning rate systems (70% win rate) will hit ten (or more) consecutive losses sooner or… Read More »
This post was triggered by the following ZuluTrade ad that I saw recently: ZuluTrade ad I felt instantly that something is wrong with it, but couldn’t articulate it for a while . After doing a little bit of research on Zulu – I only knew that they were some big/the biggest platform for signal providers… Read More »
Rev Trader Pro – Generally speaking, I’m very skeptical of anyone selling Expert Advisors (EAs), for two reasons: 1. from the buyer point of view, believing that you can get your own ATM for the price of an iPhone or less shows lack of understanding of how the world really works. 2. from the seller… Read More »