Your Questions About Successful Trading

Mandy asks…

What is the key to a long, happy, successful marriage?

How long have you been married, and what is your “trick of the trade” to a long and happy life with your significant other?

And if you aren’t happily married, or if you’re divorced, what ruined it for you?

John answers:

Don’t sweat the small stuff. Realize your relationship is not a competition, if there is a “winner” in your relationship, then there has to be a “loser”. When arguing, NEVER call your spouse names, always stay on the reason you are unhappy, no personal attacks. Realize you can’t control your spouse or their choices, so don’t stress out if they do things differently than you. NEVER withhold sex to “punish” your spouse.

Chris asks…

Does anyone know a felon who has a successful career with a college degree?

I am trying to decide on a trade to learn in tech school.

John answers:

Michael Milkin
Martha Stewart
Martin Luther King
Oliver North
Leona Helmsley (I assume she has a degree)
Michael Vick
Larry King

Paul asks…

How to choose the right day to trade?

Do any body know in Forex how to choose the right day to trade?

John answers:

Choose the right day to trade.
This recomendation is often wrongly taken as an optional thing, because everyone knows that Forex market is open 24 hours a day 7 days a week. Yet, choosing the time to trade can make a difference between successful and hopeless trading.

It’s proved and highly recommended not to trade on Mondays, when the market has recently awaken and is making first “probation steps” to form a new or confirm a current trend; and on Fridays afternoon, during the huge volume of closing trades. The best days to trade are Tuesdays, Wednesdays and Thursdays.

John asks…

What do you guys think about the O’neal for Marion trade?

I think it helps our team. Not alot, but enough to compete with the best and to be successful in the playoffs, you need a good post presence.

John answers:

Yes, helps us on what we need. Pat Riley knows what he is doing. JO will provide post defence which we lack, Moon is another Marion type players.

Heat also got deeper in the frontcourt because Magloire don’t have to start and come off the bench.

Heat lost a nobody (Banks)..and we also got a draft pick.

Let’s go Heat! I think we have a chance to get that 4th seed.

David asks…

Can someone give me any resources to watch real time BEGINNER forex traders?

Twitters, mt4sync or something like it, anywhere I can watch beginners trading. I don’t care about professionals.
It’s for testing some theories a friend and I have come up with. If there’s anything worthwhile about our research I’ll be happy to share it.
Seriously? I am capable of finding a beginner guide, I just want what I asked for!

John answers:

Dailyfx has a good forum.

I’ve been successful trading forex for more than a decade, until the financial crisis started and all of the rules changed (and are still changing). This is a crisis-driven, debt-driven, news-driven, politically driven market now that only moves in fits and starts. It is complete chaos and only the sharks are left. Who can guess what another idiot politician will do next? It’s a fool’s game, especially for a newbie. Worse, the newbie disregards risk and leverage, focuses on profits instead, and looks through rose-colored glasses and hindsight, and everything is just rosy, right?

At least with free markets you have a chance, but not so with gov’t controlled markets. FX markets are unregulated, except by the banks themselves. If you enter their world, especially now, they will have their way with you.

If you really want to dabble with currencies, start without leverage using the currency ETF’s. You can do this in a standard stock account, without opening a new FX account. The regulated exchanges are more consistent, more reliable, and the rules are constant and known.

Currency ETFs are a way to play any dollar-related trades. These ETFs are just as good as trading spot forex. The only difference is that the ETFs are not leveraged. Below is a list of some of the currency ETFs that are worth trading:
•FXA – Australian dollar
•FXB – British pound
•FXC – Canadian dollar
•FXE – euro
•FXY – Japanese yen
•FXF – Swiss franc

Currency ETF List

My advice on trading forex:;_ylt=AqT3VpsJyXSkmJbqt3fKci7ty6IX;_ylv=3?qid=20120503085134AAuPSy2…

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