You may be wondering, `Why would David Jenyns write about the worst Forex trading strategy around?`There are a couple of reasons: First, to warn you about the worst Forex trading strategy, because you really don`t want to end up using this system. Second, because once you know the worst possible Forex trading strategy, the one that is designed to maximize your losses over the long run, then you can reverse it to craft a strategy which does the...more
At some point in the insight trader`s career, he will be faced with a string of losses that will bring his confidence to an all-time low. Every active trader hits this point at least once, and some will visit it several times. This active trader will reveal to you ways to successfully deal with this problem.First, every active trader needs to take a break from trading. A one-week break will allow the insight trader to relax and regroup. It is...more
The best way to maximize your profits is to be prepared to give some back to the Stock Market. When most traders first hear this, they are a little taken back. Why would you give any of your profits back to the Stock market; because you are never going to be able to exit right at the peak of the Stock market trend. But, you can still stay with the trend as it develops, and let your profits run in the Stock market. Then, when the price turns, you can exit.Traditionally, an inexperienced trader will exit a position once they see a little bit of a profit in their trading account. They want to crystallize that profit immediately. People don`t like to lose, and they believe that those profits, made in the Stock Market, are their profits, and once they have them, they don`t want to risk giving them back to the Stock market.Is the Stock market strategy written about in this article doomed to failure, since it breaks one of the cardinal rules of trading; to let your profits run? It is always wise to implement cardinal rules like this, but how do you implement this in the Stock market? Well, after you`ve defined your trading float, set your maximum loss, calculated your stop losses, and...more
The best Stock Market advice you will ever read is to learn from mistakes when someone else has made them. So, this stock market advice list I made a list of some of the most common trading mistakes that are made. Even I`ve made some of these. If you have already made some of the mistakes, you can rest assured that you aren`t alone in making them....more
Once you`ve developed the best trading systems that accurately reflects your goals, and can respond to any market situation with clear actions, you are ready to take the next step in your trading. These are some principals and techniques that I have found to be indispensable in my trading career. Once you`ve begun using them, I`m sure you`ll feel...more
Fable:A business buyer asks a fortuneteller "What it will be like to own a business?" She answers, "The next five years will be hard - very hard." "Okay," he says, I can handle five years, then what?" "You'll get used to it."Though more than two dozen steps must be completed to successfully buy a business, five of the most basic steps are often ignored completely. These buyers often find these steps confusing and unfocused, all five steps show up early in the process and will spell the difference between business-buying success and failure. The five steps are: know your reasons, don't go it alone, begin with criteria, search in the private marketplace, don't be lazy.1. Know your reasonsActually owning a business frequently fills the new business owner with feelings of such uncertainty that the experience becomes unlike anything else the new owner has ever known. Strong positive images are needed to drive the new owner through the initial hard work and feelings of doubt.Both seller and banker for example will want to know about the buyer's motivation and resiliency. Will you the potential buyer give up when you hit a hard spot, or will you plough through? Seller and banker...more
Linear Income Vs Passive Income At a very recent party , during the dinner hours I could meet a very notable industrialist . I am quite younger to him , rather he was quite senior to me - age wise too. Incidentally , he happened to be a professional...more
You probably grew up like I did, with your mother trying to instill in you a sense of propriety and humility. As kids, we are fearless about shouting out our accomplishments and trying to out-do one another. As we get older, though, we pick up on...more
A consumer' credit history is recurrently trailed by credit rating agencies. The data reported by these agencies is mostly provided to them by creditors and includes whole account of the relationship a person has with the lender. Thorough account...more
Mutual funds are considered to be the best option by some investment managers. These funds can be managed by professionals and have the potential to provide the investors with high returns. Mutual fund companies invest an investor's money in various...more
Developing a Profitable Relationship.You finally found that commercial property you want to buy - fantastic! Now what? All you need is the money and where do you get that? A commercial lender, of course. And here's the million dollar question -...more
Every market goes through trading cycles. There is no exception to this. Be it the Stock Market, The Futures or the Forex market. They all go through different phases. Today, I want to point the different phases in the Forex market, identifying which...more