Recent content by forexpreneur

The definition of bravery is to face fear and overcome it. A great trading psychology book I just read and highly recommend ("The Mental Game of Trading" by Jared Tendler") said it succinctly . . . "It's a myth that emotions such as anger, greed, and fear are the problems causing your...

I'm a Buddhist and I couldn't agree with you more. By no means am I a therapist or psychologist, although with the amount of therapy I've been through I should be, LOL, but I have learned that attempting to avoid "pain and suffering" is actually not a healthy thing. The healthy thing is to go...

Everyone loses at times, and even the absolute best have drawdowns. It's not the loss that matters so much, as long as you don't lose too much or too long, it's how well you rebound from losses that defines whether you are an elite trader or not. If a trader treats their trading career the same...

Bail ins are not just in the EU, the law is also set in stone for the United States, Canada, Australia, England (no longer part of the EU but the rules were never changed), etc.

Trust me, there is a reason why shorts exist. When things get too hot, it's time for shorts. This pic should help you to understand . . .

A fairly large portion is man made panic, but it doesn't matter? At the end of the day, the global financial damage will be unfathomable. I'm mostly a technical trader and people say many technical tools are self-fulfilling prophesy, but at the end of the day, does it matter if they work...

The markets have felt a few mosquito bites from a few big mosquitoes and think that the end is near, however there is a swarm of them on the horizon and the worst is yet to come. Tens of millions are now unemployed in the United States (or furloughed, whatever, they are still unemployed) and...

Since Mini Mike has confirmed his plan, I truly hope funds dump the Bloomberg Terminal and cancel any Bloomberg subscription. Frankly, even proposing the idea has made me ban anything from Bloomberg. I refuse to even visit any of the websites or watch the channel.

Ultimately you misunderstand technicals AND trading. Bear with me, because this isn't putting you or anyone down. There is no crystal ball for trading. There is absolutely no "holy grail" that will tell you definitively which direction the market is going to go. Period. Trading is all about...

Texas actually has a study on that and what they found is that yes, a majority still vote Democrat the first year. The second year is less (can't remember the percentage), by the fifth year over 90% vote Republican.

Most sheep just lick their groins or the groins of other sheep. LOL.

Are you trading stocks, forex, forex options or commodities? Stocks and commodities are highly regulated, and it not only depends on Federal law but also what state you live in. I see you say you're from NY, if so NY has some fairly strict laws about stock and commodity trading, so you might...

I assure you, moving averages work INCREDIBLY well for day trading currencies (and other commodities), or even long term trading. I also suggest adding a 200 EMA (I also use a 100 EMA instead of a 100 SMA). The difference is that I don't use any crossovers, I use them as support and resistance...

I have yet to find an Economist (PhD or otherwise) who actually understands the REAL economy of the modern world, modern money, derivatives or Central Banks. They are stuck in their ANCIENT theories of supply & demand, and money being printed ONLY when certain checks and balances are fulfilled...

Herd from a friend that Asians aren't very long at all. Just saying. Good luck Kim.