The Nature of the Trading Business
Consider the following: As a trader you are in a business.
Your strongest opponent has plenty of capital. He follows a
program and he does it without emotion. He is totally aware of
the fact that no one knows where the next tick will fall. Whereas
he usually has good insights regarding the major forces that
drive the market, he does not fool himself into thinking he can
explain the vagrancies of price movement intraday or even from
day to day. He knows that no one truly can.
The successful trader has learned his lessons by actually
trading. This is a business driven by fear, greed, and
selfishness, and very few worthwhile pointers are given out by
the industry, other traders, or the myriad of so-called trading
gurus who plague the pages of trading magazines and pages of
their websites. The most valuable information is closely guarded
and not often put in books or on web pages. Learning about
trading is a 'forever' experience.
As the markets change and as we adjust to them, we learn. The
learning is ongoing. It stops only when you no longer trade.
During the time we trade we can always improve.
Trading is a great business for those who master it, and those
who master it are traders who have mastered themselves.
ABOUT JOE ROSS:
Joe Ross has been trading for more than 47 years, and is a
well known Master Trader. He has survived all the up and downs of
the markets because of his adaptable trading style, using a
low-risk approach that produces consistent profits.
Joe is the creator of the Ross hook, and has set new standards
for low-risk trading with his concept of "The Law of Charts?."
Joe was a private trader for most of his life. In the mid 80's he
shift his focus and decided to share his knowledge. After his
recovery, he founded Trading Educators in 1988 to teach aspiring
traders how to make profits using his trading approach. He has
written 12 major books on trading. All of them have become
classics and have been translated into many different
Joe holds a Bachelor of Science degree in Business
Administration from the University of California at Los Angeles.
He did his Masters work in Computer Sciences at the George
Washington University extension in Norfolk, VA. Joe still tutors,
teaches, writes, and trades regularly. Joe is still an active and
integral part of Trading Educators.
MORE RESOURCES updated Mon. August / 10 / 2020
Day Trading Course or
Day Trading Technique Seminar: Learn Day Trading
Profitable day traders recognize that momentum trading is
among the fastest & most effective ways to harvest BIG
piles of cash in the stock market.The problem is that if
you don't know what stocks to look for and how to approach
them while limiting your risk, you won't even get close to
making some profits.
Forex Made Easy for
Forex made easy is as simple as you would want it to be.
The foreign exchange market is a worldwide market and
according to some estimates is almost as big as thirty
times the turnover of the US Equity markets.
Q1: When you consider that the foreign exchange market has
become the world's largest financial market, with over $1.5
trillion USD traded daily, where does it go from
here?A1:The FX market is unique, in the UK there is no
central exchange, we trade via the inter bank market.
Where is the Market
If you ask me whether the market will have moved up or down
by this time next year, well I may as well flip a coin,
because I don't know. If you ask me whether the market will
have moved up or down by this time next month, well again,
I may as well flip a coin, because I still don't know.
If you want to be a successful trader, you must make sure
you do not deny reality in any phase of your trading. You
cannot deny losses, price direction, mistakes you make,
being undercapitalized, or a whole host of things you would
rather not think about.
Reality of Online Forex
Foreign exchange trading is the trading of currencies. Most
currencies can be traded.
How Do Other Countries
Devalue Their Currencies?
Countries devalue their currencies only when they have no
other way to correct past economic mistakes - whether their
own or mistakes committed by their predecessors. The ills of
a devaluation are still at least equal to its advantages.
The Nature of the
Consider the following: As a trader you are in a business.
Your strongest opponent has plenty of capital.
Why Forex Traders Plan To
Fail Before They Even Place Their First Trade & How You
Can Know It & ...
Have you heard the wise saying that a trader who fails to
plan, plans to fail? I have, and I was once that trader!
However, did you know that even though traders who have
constructed a plan, which incorporates their trading
strategy (their "edge"), they have a plan that is likely to
fail? If we look at all traders who participate in the
market: we have one group that fails to plan and therefore
plans to fail; another group whose plan is failed; and a
third group who properly plans and therefore does not
fail. Is it any wonder that the success rate for forex
traders is so slim? Well it doesn't have to be.
Chinas New Currency
The base unit for the renminbi is the yuan, which is how
the Chinese currency is most commonly referred to. The
official ISO abbreviation for the yuan is CNY, but it is
also commonly abbreviated in the forex industry as RMB.
Forex Scams: How to Spot
Them A Mile Away
In recent years, investors have witnessed increased number
of investment opportunities and offerings. While the
complexity and success of these investment products vary,
technological innovation has made the Forex market one of
the fastest growth areas.
Commodity Trading -
Advantages and Disadvantages
What Is Commodity Trading? Commodity futures markets allow
commercial producers and commercial consumers to offset the
risk of adverse future price movements in the commodities
that they are selling or buying. In order to work a futures
contract must be standardized.
Option Arbitrage in the
What is arbitrage? Arbitrage is the simultaneous buying and
selling of identical financial instruments taking advantage
of price discrepancies between different brokers,
exchanges, clearing firms, etc. and thus locking in a
Sending Signals for
Trading in Forex
Forex signals are sent by a forex firm to their subscribers
in order to buy and sell currencies. These signals are
called entry and exit signals for the forex dealers.
Online Stock Trading:
Freedom of Trade
I remember the first time I started to trade online. It was
just before the tech bubble of the late 1990's and the
internet was still something new for most people.
What is Forex
Forex, or Foreign Exchange, is the simultaneous exchange of
one country's currency for that of another. The way it works
is an investor who wishes to purchase or sell one currency
for another with the hope of making a profit when the value
of the currencies change in favor of the investor.
How To Handle A String Of
Everybody hates to lose and unfortunately no one is blessed
with the ability of foresight, therefore losses are an
unavoidable part of trading. When we enter a trade we will
either be right, or wrong, and even if we broke-even we'd
still be classed as being wrong - as nobody enters into a
trade just to break-even! When unsuccessful traders
encounter a string of losses they begin to engage in
self-destructive patterns that help them escape the pain
they are experiencing.
What I Learnt Losing
£60,000 My First Year as a Full-time
During my first year as a local (independent trader) on the
floor of LIFFE, I bought and sold 8804 FTSE futures
contracts, about 40 contracts per day on average. The
result was a loss of £61,620 or -£267 per trading
Where to Get Forex
For those of you who are interested in forex trading, you
may want to start off by getting some good forex training.
Forex training is a necessity for anyone with this
Business and the
The business world is a complex web of supply and demand.
Money and goods, physical or otherwise, pass through the
global market every single day.
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