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How to Swim the Forex Ocean… and not get Eaten by Sharks

Thu, Jan 17 2008, 15:06 GMT
by The Forex Journal

The Trader's Journal


This article is taken from the Forex Journal, a special edition by Trader’s Journal magazine in Nov 2007.

The author is Kevin Davey, who finished in 1st place in a worldwide futures trading contest in 2006, with a 107% return. In addition, he finished in 2nd place in a worldwide futures trading contest in 2005, with a 148% return.


  • Would you rather be a ‘shark’ or a ‘minnow?’ Kevin Davey shares what needs to be done to survive and thrive as a ‘minnow’ in the Forex ocean:

I must be an idiot. You know – the kind of person who drives the wrong way on a one-way street. Someone who pushes a door to open it, rather than pulling the handle like the sign says. A plain old idiot – why do I put myself in this class? Simple – the Forex market.

I never realized the Forex market was as easy as following some color-coded signals, clicking the mouse and counting the profits. All these years I could have been making huge amounts of money – so easily a child could have done it. I should stop being an idiot and just attend that free Forex seminar that is conveniently being held at a local hotel, and learn all about what I have been missing.

____________


Other related articles:

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- How to Trade Forex using Fibonacci Price Relationships by Carolyn Boroden

- 3 Peaks and a Domed House by Larry Pesavento

- Three Steps To Short-Term Trading Success by Toni Turner

- Price and Time by Andy Bushak

- Using Non-Time Based Charts for Short-Term Forex Trading by Dr. John Clayburg

- Trading for Revenge: Control It or It Will Control You by Dr. Doug Hirschhorn

- Critical Forex Trader Decisions by Daniel Gramza

- Stop Hunting with the Big Players by Boris Schlossberg

- Ranking Forex Markets by Ron Schelling

- The Globalization of Currency Trading by Dar Wong

- What You Don’t Know Can Hurt You by Ed Ponsi

- The Foreign Exchange Market by Peter Pontikis

Published on  Thu, Jan 17 2008, 15:06 GMT

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