I have always wanting to find out what does it take to trade profitably. After all these years of reading, trading, investing, learning and what not, I have crystallized my experience and knowledge about trading profitably. There are many school of thoughts when it comes to this and also a lot of empty promises. I have captured [...]
Members of the public are being invited to attend a preview of a training course to trade in foreign currency, commodities, futures and other financial products.
They are told that they can learn trading techniques from professionals and will be able to earn a regular income from this trading activity. The presenters usually make exaggerated claims about the effectiveness [...]
Thanks to CMC Markets who organised the Masterclass with Chris Lori. I have heard of Chris Lori in the past and my impression was that he is a respectable forex trader and an ex-Olympian. When CMC Markets sent out the invitation to his talk, I signed up right away.
The ballroom was big and I think [...]
Trend Following Mentor reveals the Hard Truths about Trading – Interview with Andrew Abraham of Abraham Investment Management
Andrew Abraham released his book, The Trend Following Bible, at the end of 2012 and he sent me a copy for review. You can read the book summary here. I set up the interview with him in Jan 13 where he talked about several aspects of the trend following technique. He currently trades for himself and his [...]
It has been one year since the Secrets of Singapore Trading Gurus book was launched. Thank you for those who have bought the book. The old link that hosted the videos is no longer valid as moolah.asia has closed down. I have ported the videos to BFP. Now, everyone can access the recorded videos of [...]
In the trading arena, it is inevitable that traders across the globe will commit mistakes that will result in small or massive trading losses with regard to their trading capital. This is especially applicable to beginner traders who possess little or minimal real life trading experiences in the areas of asset classes such as currencies [...]
Lex I: Corpus omne perseverare in statu suo quiescendi vel movendi uniformiter in directum, nisi quatenus a viribus impressis cogitur statum illum mutare.
Law I: Every body persists in its state of being at rest or of moving uniformly straight forward, except insofar as it is compelled to change its state by force impressed. ~ Sir [...]
Other than the direction, I used to think that short selling is the same on the long side.
I found that is not true and here is why
When you short, you can lose more than your capital
Imagine you short a stock at $50 and it goes to $0. Your gain is $50 or 100% gain. This [...]