Quote from oldtime:
that's why I say 90% of what I do is just money mangagement and standard classical trading that you can read about in many books, and 10% requires actually reading the market. It doesn't mean you have to guess right, but it can help.
More importantly is understanding change.
If you were one of those guys who didn't like rap and didn't understand it, you are probably never going to make it in trading.
This is the golden age of forex. I don't know how long it will last, but it sure is good while it is going.
Everyday there is an opportunity. It's like being in America in 1880. And for the most part it is unregulated. Nobody can get nailed for insider trading in forex. Big banks and I mean really big banks, like the Bank of Japan, can just dump trillions of yen on the market at any time without notice. (of course, a trillion yen doesn't amount to much, but you get what I mean.)
And everybody has an opinion on the dollar, because almost every American owns one.
And even presidential candidates are talking gold vs USD. So, if you're looking for something with tremendous retail interest, forex reminds me of how the stock market use to be.
