Category Archives: Forex & Trading

Principles to Succeed in Trading and in Life

successful trader

These are the Principles to Succeed in Trading and in Life “The funny thing is that the principles you have been teaching me for trading success have also been helping me in other areas of my life. I think much more clearly about many parts of my life now. My journal has expanded into a […]

Top Ten Mark Minervini Trading Quotes

Mark Minervini is a legendary stock trader featured in Jack Schwager’s book “Stock Market Wizards: Interviews with America’s Top Stock Traders“. In the book Schwager wrote: “Minervini’s performance has been nothing short of astounding. Most traders and money managers would be delighted to have Minervini’s worst year–a 128% gain–as their best.” Starting with only a […]

Why Compound Interest is the Eighth Wonder of the World

Compound interest is the eighth wonder of the world. He who understands it earns it, he who doesn’t, pays it.” -Unknown Why is compound interest considered the eighth wonder of the world? Here are three shocking examples of the exponential growth of compounding. If you start with capital and grow it an additional 1% everyday […]

Sturgeon’s Law: Why 90% of Traders Lose Money

Sturgeon’s law states “Ninety percent of everything is crap.” The saying came from the science fiction writer Theodore Sturgeon. Sturgeon came to the conclusion that even though science fiction was criticized at the time (1951) for its low quality it was true for all fields. The majority of work in all professions were also low […]

Most Profitable Chart Patterns

profitable chart patterns

According to Thomas Bulkowski, the best performing and also most likely to be profitable chart patterns are: bullish flags that are high and tight that breakout to the upside and complex head and shoulders top chart patterns with breakouts to the downside. His picks are based on his exhaustive research and backtesting price action on […]

10 Jesse Livermore Price Action Trading Quotes

Golden Quotes by Legendary Trader Jesse Livermore

Jesse Livermore was an early innovator in the trading world as one of the first traders to create a trading plan and a system. He basically invented price action trading and trend following in the early 20th century. He had higher highs and lower lows than most people can even imagine, he both became wealthy […]