Why Forecasts Are Pointless In Trading And Investing Let’s start by defining what a forecast is: an estimate of a future event, specific in time and numerical value. A few examples include: EUR/USD will fall below parity by September 2015; Oil will reach $80 by year-end; Gold will be under $1000 by November 2015. These… Read More »
Pitfalls in Measuring Risks When Trading the Markets I think it’s safe to say that more money has been lost through the wrong measurement of risk – which gives one a false sense of security – than by failure to measure risk at all. To provide an analogy, it would be safer to drive a… Read More »
Trading Educators And The Live Trade Setup Gimmick I commented recently on a website on a subject that’s dear to me: how can one differentiate between the impostors and those who are the real deal in the trading education sector. While in theory Rayner’s premise – ask for at least a year’s worth of documented… Read More »
Do You Know Who Your Forex Trading Teacher Is? I was on YouTube watching some trading videos when I stumbled upon Astro FX channel. So here are these two guys (Shaun Powell and Aman Natt), in their early twenties, dressed up to the nines, very expensive looking watches, driving luxury autos with personalized number plates… Read More »
Exential Group – Managed Forex Accounts Scam Update 03/01/2017 The perpetrator behind this Ponzi scheme, an individual called Sydney Lemos, has been arrested. Update 24/10/2016 I was informed that a class action lawsuit against Exential is being prepared by the Giambrone law firm. All people interested should visit this page. Update 25/07/2016 More than a… Read More »
The original author of this article is unknown. I’ve first seen it posted many years ago on a forum I think, and I saved it because it made a lot of sense. As I read it again today, I still think it carries a lot of wisdom, and that’s why I want to share it.… Read More »
The Logic Behind Trading Decisions: I’ve written before on this site that I think it’s crucial every trader should develop a trading strategy that fits who he or she is. Please note that I chose to use the word ‘develop’ instead of, let’s say, ‘find’. That’s because, as far as I know, and I’ve researched… Read More »
Here are four Meaningless Trading 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… Read More »
I’ve made the case before that trying to provide reason behind this price movement 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… Read More »