Currency Trading

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The Nature of the Trading Business


Consider the following: As a trader you are in a business. Your strongest opponent has plenty of capital. He follows a program and he does it without emotion. He is totally aware of the fact that no one knows where the next tick will fall. Whereas he usually has good insights regarding the major forces that drive the market, he does not fool himself into thinking he can explain the vagrancies of price movement intraday or even from day to day. He knows that no one truly can.

The successful trader has learned his lessons by actually trading. This is a business driven by fear, greed, and selfishness, and very few worthwhile pointers are given out by the industry, other traders, or the myriad of so-called trading gurus who plague the pages of trading magazines and pages of their websites. The most valuable information is closely guarded and not often put in books or on web pages. Learning about trading is a 'forever' experience.

As the markets change and as we adjust to them, we learn. The learning is ongoing. It stops only when you no longer trade. During the time we trade we can always improve.

Trading is a great business for those who master it, and those who master it are traders who have mastered themselves.

Joe Ross

Trading Educators Inc

ABOUT JOE ROSS:

Joe Ross has been trading for more than 47 years, and is a well known Master Trader. He has survived all the up and downs of the markets because of his adaptable trading style, using a low-risk approach that produces consistent profits.

Joe is the creator of the Ross hook, and has set new standards for low-risk trading with his concept of "The Law of Charts?." Joe was a private trader for most of his life. In the mid 80's he shift his focus and decided to share his knowledge. After his recovery, he founded Trading Educators in 1988 to teach aspiring traders how to make profits using his trading approach. He has written 12 major books on trading. All of them have become classics and have been translated into many different languages.

Joe holds a Bachelor of Science degree in Business Administration from the University of California at Los Angeles. He did his Masters work in Computer Sciences at the George Washington University extension in Norfolk, VA. Joe still tutors, teaches, writes, and trades regularly. Joe is still an active and integral part of Trading Educators.


MORE RESOURCES:

Chicago Mercantile, banks may team up for currency trading
Economic Times, India - Jul 23, 2008
MUMBAI: India’s two major stock exchanges — the National Stock Exchange (NSE) and the Bombay Stock Exchange — may have to ready themselves to take on a new ...


Understanding the Bid/Ask Spread
Forex Hound, NY - 4 hours ago
In our last lesson we looked at what an increase or decrease in the quote for a particular currency pair means to us as traders of the forex market. ...


Currency Trading Market Conditions Difficult, Can the Euro ...
Daily FX, NY - Jul 14, 2008
Currency trading markets have seen a major pickup in volatility through the past several days of trading, but relatively limited follow-through makes it ...


Top Currency Trading Ideas for the Week of July 14, 2008
Daily FX, NY - Jul 14, 2008
Our USD bearish stance has been proved correct to this point and we think there is a good deal of weakness going forward. The EURUSD is still the best ...


National Australia Falls Most Since 1987 on CDO Loss (Update1)
Bloomberg - 11 hours ago
The company has struggled to win back investor confidence after a currency trading scandal in 2004 and $2.2 billion of writedowns from the acquisition of ...


Turkish Press

Dollar pares gains vs. euro, slips vs. yen
MarketWatch - 20 hours ago
"Thursday's currency trading looks like a contest of which currency has the worst economic fundamentals, as the euro, sterling and kiwi are all falling ...
Dollar support tested International Business Times
Dollar Trades Near Two-Week High on Paulson, Plosser's Comments Bloomberg
Dollar Rises Versus Euro on Comments From Paulson, Fed Official Bloomberg
Bloomberg
all 255 news articles


Subprime bullet bites confidence in bank
Sydney Morning Herald, Australia - 5 hours ago
Having been appointed 4½ years ago to steer NAB through the foreign currency trading scandal that almost brought the bank to its knees, Mr Stewart has been ...


Currency Trading Markets Likely to Offer Profitable Range Trades
Daily FX, NY - Jul 7, 2008
Currency market volatility has dipped once again through the past week of trade. An earlier spike in our DailyFX 3-Month Volatility Index quickly reversed ...


The Associated Press

Japan stocks drop on overnight US losses
The Associated Press - 9 hours ago
In currency trading, the dollar bought 106.66 yen midafternoon in Tokyo, down from 107.29 yen late Thursday in New York. The euro rose to $1.5720, ...
Japanese market closes sharply higher on Wall Street gains, weaker yen RTT News
all 317 news articles


Top Currency Trading Ideas for the Week of June 30, 2008
Daily FX, NY - Jun 30, 2008
Expect a dollar rally to begin the week. This opportunity should be used to establish / add to long standing USD bearish positions. ...

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