Most new traders are attracted to the markets because they believe that it is an easy way to make fast money for very little effort. It’s the “Show me the Money” mentality. The marketing in this industry focuses almost exclusively on instant financial success so I don’t blame people for …
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Impulsive trading is gambling in another form and it is one of the biggest downfalls for both novice and experienced traders. A trader hits a winning streak on a few trades and feels indestructible. Trade sizes are increased and previous rules for risk management go out the window. Many times the …
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In Star Trek Enterprise (Next Generations) Lieutenant Commander DATA was an artificial intelligence, unable to feel emotion and capable of computing complex mathematical equations in milliseconds. DATA got the Ship Enterprise out of some sticky situations over the years. So would Data have been the “ The Perfect Forex EA”? EA’s …
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Forex trading and Poker have many similarities, the art of risk and money management being one. A terminology used in poker when a player pushes all his chips over the line, putting everything at risk on one hand is called “ALL IN”. If the player had their full capital on the …
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In forex trading, as far as predicting price goes, nothing is a certainty and anyone claiming otherwise has never traded the markets or is selling a pot of gold at the end of a rainbow. Predicting price direction is based on probabilities. Either the price has a higher probability of …
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In Greek Mythology Icarus is the son of the master craftsman Daedalus. Icarus and his father attempt to escape from Crete by means of wings that his father constructed from feathers and wax. Icarus’ father warns him first of complacency and then of Hubris (extreme pride, over confidence…being out of touch …
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A traditional monkey trap is made by hollowing out a large fleshy fruit, leaving an opening at the top that is just large enough for the monkey to get its open paw through and putting a favoured monkey food inside. The unsuspecting monkey smells the food inside the fruit and …
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