What’s the market? Markets (also known as exchanges) are essentially dedicated venues where people buy and sell assets. While each exchange may have its own rules, the fundamental principles are the same. In the example above, a person can place … Read More
How do people make money in markets? That depends on many factors, such as your strengths, age, and, of course, personal wealth. What follows is a very simplistic approach to describing different strategies, intended to present the principles behind them … Read More
Reading the previous post about the five fundamentals of every profitable trading system, you may think that once you figure those out, you’ll become a profitable trader. The reality, however, is that finding your edge to plan the trade and … Read More
What’s the path of newbie trader? A great analogy is the Chinese bamboo tree, which takes years to start growing and show a sprout—then, within weeks, it can grow as tall as a 7-floor building. This principle applies to your … Read More
Olympic champions usually have three coaches throughout their careers. The last coach typically takes a semi-pro athlete and fine-tunes them; this coach is often a former Olympic athlete. The second coach teaches everything in detail about the game or activity … Read More