#forex AUDJPY GBPUSD currencyexchange digitalnomad
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1. AUD/JPY GBP/USD Part 1 (Intro)
The Foreign Exchange (ForEx) market is the financial and global modern day wild, wild, west. Promises of gold and glory bring in people by the thousands every year. And just as they come, the financial world is littered with the desiccated corpse wallets of 95% of those people.
It’s not their fault; at the top of the mountain lies an oasis of pure, unadulterated financial freedom. Imagine waking up, working for a few hours max, and then going about your day, happy to enjoy exploring the world as your oyster, by 11:30 AM at the latest. Beautiful right? You wake up, look at some charts, put in some trades, NAIL IT, feel proud and powerful, and then go strut down easy street: a one person parade of mastery.
It’s possible. More people have beat the odds and defied mathematical logic than you and I can count on our fingers and toes. Rational Economists decry “witchcraft!” and aim to justify our strategy as pure luck. And luck has something to do with it sure. That’s the layman’s term for probability.
But just like in the Wild West, only the fastest gun on the fastest horse could get away with train-robbery and live to tell about it. Not just once, but 2, 3, 4, 5 times a week. It’s the perfect crime: victimless, faceless, and without breaking any laws. So what’s the catch?
HOURS. and hours. and hours. and HOURS. and OH MY GOD, HOW DID I MISS THAT!
Then there’s the, “that’s bullsh*t, my broker is stealing from me!”
There are the, “how did I lose another $1,000.00 account... I’m never trading again”.
And how could I ever forget, “Please God just this once, let me at least get back to breaking even”.
Praying won't save you here in the land of banks and monsters.
In an effort to pull back the curtain on the mysticism of successful trading, I will be using this blog to explain major events in the finance world, and the trades I took as well as the reasons I had in taking them. Sometimes I’ll win, sometimes I’ll lose, but the key is to survive long enough to keep trading. Do it enough and you’re able to beat the numbers through sheer presence, and something called “edge”.
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