We continue to celebrate our 10-year anniversary
Yesterday was our 10-year anniversary and I continue to count down some memorable events, moments and themes.
Here is what we've had so far:
- 10 ForexLive memories #7: The EUR/CHF floor breaks
- 10 ForexLive memories #8: The EUR/CHF floor initiated
- 10 ForexLive memories #9: It's been fun
- Anniversary special: 10 memories from 10 years of ForexLive -- #10 remember this page?
For me, the real joy here helping out people who are new to foreign exchange trading. Right now we're working on an improved forex education section on the site that's going to be better display the hundreds of educational articles from me and others.
Oftentimes, they're little tidbits, like asking the wrong question about bottoms. Other times, it's about pointing out a nugget of information that highlights a change in sentiment, like here when Mario Draghi took a victory lap in an early sign the easing was over and something that teed up a +2000 pip move.
Here are my 12 favourite trading axioms:
The trend is your friend
Everyone has a plan until they get punched in the face
Don't pick bottoms
Beware of complex ideas. More trades have been ruined by making them too complex rather than too simple.
Half of everything (or more) we believe will be obsolete in the next 45 years
There's always another trade
If you start to see conspiracies, stop trading
Physical health, mental health and good trading are brothers
Time is on your side, You haven't "missed" anything
If you feel 'hope', you're in a bad trade
Never take tips
Living to fight another day is the most important trade