A military sniper’s edge is not only crucial, it’s also extremely extensive! Determining distance, selecting camouflage, preparing a suitable location, making sure that the rifle is well-sighted, having the correct mindset and showing patience are just some of the components that help form a sniper’s edge in the field. Without it, there could potentially be … Continue reading What snipers can teach you about trading
Updated June 2020 The world’s most heavily traded currencies are the US dollar (USD), euro (EUR), Japanese yen (JPY), British pound (GBP), Australian dollar (AUD), Canadian dollar (CAD) and the Swiss franc (CHF)[1]. These are major currencies. The Forex market, however, trades in pairs – two currencies. Among other currency pairs, EUR/USD, GBP/USD and AUD/USD … Continue reading Major Currency Pairs: An Introduction
The word ‘Independent’, or ‘financially independent’, is KEY here my fellow traders! Like most folks, the thought of low-paying government pensions, working in your seventies and, just, well, working in general, usually brings a sour taste to one’s mouth. A lot of people are often left thinking that there must be more to life than … Continue reading Why becoming an independent Forex Trader is appealing
Updated May 2020 Regardless of how long you’ve traded a demo account, pulling the trigger in a live trading setting brings with it strong, raw, uninhibited emotion. Traders, particularly newer traders, enter live trading high on excitement. Emotional trading, however, often breeds mistakes – errors that may not only wipe out your account, but can … Continue reading Taking Your First Live Forex Trade: The Emotional Challenge
‘Three great forces rule the world: stupidity, fear and greed’ – Albert Einstein. Greed and fear, two opposing emotional conditions, are principal drivers that have a profound impact on our lives. And unless you’re a robot coated in human skin, dealing with greed and fear is inevitable in trading. Greed and fear: a brief history … Continue reading An Introduction to Greed and Fear in the Financial Markets
