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

The author is Ed Ponsi, who is the President of EdPonsi.com and FXEducator.com. He is a dynamic public speaker who has appears regularly on CNBC, CNN and Fox Business Network. An experienced professional trader and money manager, Ed has advised hedge funds, institutional traders and individuals of all levels of skill and experience.


  • Do you know how to read what some advertisers in the trading business are really saying? Ed Ponsi provides a detailed outline to enlighten you to some of the pitfalls of the trading business
A man is defusing a bomb. He is intensely focused; his face is inches from the mechanism. He applies the tiny tools of his trade to the intricate workings of the device. Meanwhile, an eighteen-wheel tractor-trailer is racing toward the bomb and our hero. He does not look up, does not break his gaze from the work at hand. He has decided that he needs to focus one hundred percent of his attention on the explosive device to the exclusion of everything else.

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