ForexSpirit

Over the weekend I decided it was time I got back to catching up the small stack of trading books I have sitting on the shelf. Unsure as to which one to read first I picked out two and read the first 30 pages of each to see which piqued my interest more.
The [...]

It’s been two days since the fateful day when I blew up my account.
I’ve spent that time trying to ween myself off the markets. I don’t have charts up permanently and I don’t have to keep monitoring Bloomberg constantly. I still pop up the charts occasionally, out of morbid curiosity more than anything [...]

One of the recent changes to my trading plan was an update to my position sizing. In effect I doubled my gearing as compared to what I had been using. I use a different gearing size dependent on what quadrant of my trading grid price is currently in when the trade is opened. [...]

One of the very first statistics that most people come across as they start out on their trading adventure is that 95% of traders lose money. I’m sure that each and every one of those people thought to themselves, “I’m going to be one of the winning 5%”. I know I certainly did.
Another [...]

Dirk has published his second newsletter, following up on the central issue of gearing and how utilizing high leverage is not in your best interest as a trader. As well as exploring the issue of high leverage and how it is detrimental to your long-term survival, he also shows how it is still possible [...]