The fear of losing capital is one of the primary 4 trading fears that hinder the progress of new traders! When a student asked recently us how to deal with it, this is what we said: 1. How much capital are you trading in terms of your weekly income? You don’t have to say numbers
Avoid This When Backtesting in Forex
One of the many challenges of moving away from mechanical strategies into a more advanced/discretionary approach is adopting a false sense of confidence in your strategies based on flawed back-testing procedures. It’s very easy to say “I would have taken that”… But, really? Would you have really taken it? Over-confidence and naivety can
The Truth About Risk
Every time a reward is available, it will be accompanied with a corresponding risk. The reward of eating breakfast in the morning is accompanied by the risk of getting out of bed and tripping over your shoes on the way to the fridge. Unless you’re prepared to take that risk, you cannot reasonably expect the
Confluence Stacking
Platinum Level Trade Analysis on NZDJPY from last nights session. Let’s talk about the pro’s, con’s, who traded it, who missed it… and the reasons why… Many people think day trading is simply applying the swing trading strategies to the lower time frames. That assumption couldn’t be further from the truth. Here’s the confluence we
Working At Infinite Prosperity
Our Admin Manager, Robyn, recently made a day-in-the-life style video blog about what it’s like working at Infinite Prosperity. Check it out!