Lessons
So, there’s been this popular idea floating around among central bankers since the inflation chaos post-COVID: everything’s changed for good. A lot of folks are convinced that we’ll never see zero interest rates or negative rates again, and that the neutral interest rate has gone up. But
Lessons
In Forex trading, many new traders ask questions like, “Why did this currency pair move up?” or “Why did the market react this way?” While understanding the market's mechanics can be helpful, experienced traders often say that asking “why” is not as useful as asking “what” and “how.
Lessons
Most new traders put nearly all their energy into perfecting entry points. In fact, I'd say about 90% of their focus is on just that, which can cause them to miss the bigger picture. Way back in the '90s, Tom Basso and Van Tharp looked into this
Lessons
Step 1: Don't trade like the 90% if you want to make money like the 10%. Truth is that the vast majority of "traders" aren't even traders. They're demo warriors or they got lucky for like 2 weeks. They'll give
Lessons
Which has better odds of making a profit? Risking 1 to make 2 or risking 2 to make 1? 1:2 has 33% odds to win, 2:1 has 77% odds to win. Most people would then say "well the end profit is the same, it evens out"
Lessons
Love the money, not the trade. When you prioritize making money over being "right," everything else starts to fall into place. It shifts your entire focus, driving you to build a system based on numbers and probabilities instead of emotions and opinions. Instead of seeking confirmation or trying
Lessons
Odds are, your win rate will gravitate toward around 50%, no matter what strategy you use, due to the inverse relationship between risk-to-reward (R:R) ratios and win rates. Think of it this way: the R:R ratio determines how much you're willing to risk for a given
Lessons
There are people out there making ten times more money, with half the IQ, simply because they’re too oblivious to doubt themselves. Trading has an uncanny way of shaking down those who sit in the middle ground—people who have just enough knowledge to overthink but not enough to