I'll get right to it...this post from Bill Poulos from Profits Run is excellent! We've all been in this situation, where we look for a great methodology for our trading style, look at published winning percentages, and then cry when it completely blows up your account...yes we've ALL been there! In Bill's new article he helps you figure out the solutions. Bill's expertise really comes through in this article and he's just released his “Risk Eraser” technique video so check it out today!
While doing research on the current state of the Forex trading landscape, I discovered something surprising.
Losing Forex traders appear to be enamored with 'winning percentages' when selecting a forex trading method.
The irony in that statement should be obvious -- if the 'winning percentage' of the forex method is so important, how can these traders still be net losers?
Because, I believe, winning percentage is the wrong concept to focus on. In fact, I find winning forex traders look for methods that have winning percentages closer to 50-60%. And, they also have one more 'secret' that losing traders DON'T have.
Continue reading "Why losing traders look for methods that win 80% or more of the time"
Today's post is from an old friend, frequent blogger (see previous posts), and trading expert Bill Poulos from Profits Run. With Bill focusing a ton of his time on Forex, and with the Forex market getting so much attention, I wanted to ask Bill to come and give us some of his latest insights into what he's found. The article below is a great one, and if you have time I'd highly recommend checking out his new "Risk Eraser" technique video!
You've likely heard the term Forex lately -- it continues to be the hottest trading trend today. That's a trend I believe will continue but today, I wanted to take a few moments to point out why as well as how you can best take advantage of trading foreign currencies without being taken advantage of.
Just a couple of years ago, the foreign exchange markets were dominated by the big brokers and major banks around the world. Today, the 'little guys' have gotten in on the action -- and the growth in currency trading has increased from $1.9 trillion to nearly $3 trillion in that short space of time (that's the average daily turnover in the markets - a 50% growth in turnover).
But why should you trade Forex?
Continue reading "Why Trading Forex Now Beats The Stock Market"