Many investors believe that the markets are a dangerous and scary place… A dark jungle, filled with risks and dangers around every corner… They can point to experiences where they invested and lost a LOT more money than they ever thought was possible when they initially entered the position…
I ran across this YouTube video from an old news series on “being a commodities trader”…. What a lot of fun to see the open outcry pits in action and to see how they portray the “crazy gamblers” they interviewed. How things have changed… From a dirty, smelly, loud analog human interactive experience, we now…
As I work with traders at every stage of their development over the years, a clear pattern began to emerge… There are 6 basic stages a trader passes though as they go from total beginner to market master… See if you can recognize the stages you have experienced in your path to this point, and…
The Forex market was the darling of the scammy marketers for a while after it went mainstream… I think this brought a lot of wanna-be’s to the market with the false belief that this was a no-work pathway to instant riches… There is of course the opportunity to generate unlimited wealth as a Forex trader,…
While the 3D Apex Trading Methodology® works equally well in all asset classes, the Foreign Exchange, F/X or Forex market is what we suggest that people start with… It is a 24 hour market, so a trader who is learning can come home after a 9-5 job and trade in the evenings… It has the…
The S&P 500 index proxy (SPY) continues to trade without sponsorship and the odds are about 55/45 at this time. There is a slight bias towards a bullish breakout, but nothing that would attract us to this market. We were expecting to be able to take short exposure this week, but our indicators never lined…
Joy Global (NYSE:JOY) has now twice come down near to our green zones and failed to trigger an entry. The last failure puts us into a lower odds scenario, and for this reason we have canceled JOY as a valid trading opportunity for the time being.
The markets are random… Trading is a socially acceptable form of gambling… You can’t time the markets… Three of the most destructive false beliefs that many have about the world’s financial markets. I am going to DESTROY THEM ALL in this article!
Let me ask you a question… How many times have you made a plan… Built a clear pathway to a desired outcome… And… Kept to that plan?
The Vanguard Total Bond Market ETF (NYSE:BND) is an instrument we used as a proxy for the Federal Reserve a few weeks back. We forecast that prices would move up, indicating that the sentiment from the trading community was that the Fed would either stand pat or lower rates. This highlights an usual correlation between…
