As with anything in life, we have rules. We stop at red lights. We do not touch the red “live” wire. We never put our hands in boiling water. We do not leave the baby unattended in the bath. Rules are meant for our safety. [...]
Why Traders Fail - Part 3 This lesson looks at the most popular reason why most Traders get wiped out – The Hype Through the years, trading has always been a pipe dream for most who wanted to get filthy rich. With the advancements in [...]
Why Traders Fail - Part 2 This week, we look at a controversial reason why most traders fail – The Attitude It starts right at the start where most newcomers think that the market can be a get-rich-quick plan. This is akin to thinking that [...]
Why Traders Fail - Part 1 The Defensive Trading series will spend the next three chapters looking into some of the common factors why novice traders tend to fail. In this lesson, we look at where the problems all begin ... The Education. Most people [...]
Ten Truths About On-Line Trading Since I started teaching in 2006, I have realised that there are many people out there who have no idea or the wrong idea about on-line trading as a source of income or even as an alternative job. Many who [...]
Also known as the “Pyramid System of Financial Management”. "Never add more risk to higher risk." The first thing you will say when you read that is, “I know that.” But do you really know? So many people I have met know this but still [...]
This week’s lesson comes from my reply to someone who asked me something about the market in a way that most people would ask – as if Traders knew the future … Conrad, where do you see the economy heading? … what do you think [...]
Over the last three weeks, we’ve looked at some of the most effective ways to avoid getting our trades into unnecessary risks including ~ how we position ourselves in the market in Lesson 1, why losses are more important than profits in Lesson 2, when we should [...]