Category Archives: Forex & Trading

This Guy Is Possibly the World’s Best Trader….

Ed seyoka

“Mr. Seykota himself has put together a money management track record with returns of roughly +60% net of fees over the three-decade span of his trading career…”-Futures Magazine Ed Seykota, first featured in the book Market Wizards has one of the best records of all time for any trader. Ed Seykota’s record is as good […]

Why You Lose So Much Money Trading

Why You Lose So Much Money Trading

“The key to long-term survival and prosperity has a lot to do with the money management techniques incorporated into the technical system.” -Ed Seykota The above image shows the destruction of capital, not only for a losing streak, but also for a string of 10 trades with a 50% win rate; alternating between wins and […]

How to Read Candlestick Charts

candlestick cheat sheet

A candlestick is a type of chart used in trading as a visual representation of past and current price action in specified timeframes. Depending on the timeframe of the chart each candlestick consists of each minute, day, week, or month trading range represented in a single candle. A candlestick consists of the ‘body’ with an […]

Understanding the Trading Psychology of Support and Resistance

support and resistance

In studying a chart for any liquid instrument, traders will observe that prices usually move in a series of peaks and valleys. The direction of these peaks and valleys provide us with a lot of valuable information about price action and direction. They also help us in determining the direction of a trend and levels […]

Phishing scams in Google Ads led searchers to fake crypto wallets

googles new logo

A new article on Search Engine Land reports that those who were duped lost over half a million dollars by cryptocurrency scammers. Those who are new to cryptocurrency may not totally understand how every aspect of virtual currency works. Many will go to Google and other search engines to search for things like “What is cryptocurrency?” “How […]

A Short Interview With Jimmy Balodimas ( Hedge Fund Market wizards) By Jack D Schwager

hedge fun market wizards

How much did they start you out with? I don’t remember the exact amount, but I remember that I made $350,000 in my first year, $800,000 in my second, over $1 million in my third, and I never looked back. Do you ever use fundamentals? No, never. There was a three-year period when I had […]