Determining the amount of money you need to start down the path of trading for a living is a complex process and one for which there are no shortcuts. The biggest and most lethal mistake that traders make when they decide to go “full-time” is being undercapitalized. It will be your “patient zero” of mistakes, from which all others will be spawned. It is important to keep in mind that the amount of capital traders have at their disposal will greatly affect their ability to succeed in forex trading. Forex trading is not going to take your $10,...
In 2017 Bitcoin rallied many its cryptocurrency peers into one of the biggest rallies in financial history. At some point, Bitcoin was up over 2,000% on an intra-day base level. Many refer to the cryptocurrency mania as a retail phenomenon as the majority of professional investors shy away from the highly volatile digital asset class. Some well-known titans of industry even went as far as to label it a scam. This has not deterred retail traders from ploughing into cryptocurrencies, chasing huge returns and in many cases not learning from past...
The study of price action has become the mainstay of traders as the internet age has merged trading prices being recorded on charts in real time. Traders love technical analysis because of the argument that all news or fundamental analysis is priced into the chart. Technical trading is like getting into the mind of the market to see what it may likely do next based on historical behavior as opposed to what it should do based on the news alone. The study of price action has become the mainstay of traders as the internet age has merged trading...
Hi everyone, Gordon is the name and travelling the world is the game. My parents loved to travel so I grew up a different locations around the world. I grew up wanting to have a life like theirs. Both loved what they did for a living, had the freedom to work from wherever they wanted and seemed to not have a worry in their life’s. One thing I didn’t know when I was growing up was how much work, dedication and patience they put into their career’s to get to where we were. Now I am 41 years young, travel the world for over two years now and am...
Will today be remembered as the Eve of the US-China trade war of 2018? Tomorrow, Friday 6th 2018 the US is supposed to impose a new set of tariffs on Chinese imports to the US. The 25% tariffs on $50 billion worth of Chinese imports is in response to what the Trump administration has labeled the theft of American intellectual property. $34 billion will be subject to the tariff starting tomorrow with the remaining $16 billion set to take effect on June 15th. China stated that it will response in kind, immediately following the US imposition of...
