Understanding how to trade forex requires detailed knowledge about economies, political situations, all the individual countries, global macroeconomics, the impact of volatility, it goes on and on. But the reality of the situation is this isn't what makes most new traders fail. What makes most traders fail isn't the lack of knowledge or understanding of what it is...
Example 1: Safety Taping a Short Strangle
Pictured here is a BITO short strangle that I entered on 12/8 for a 1.59 credit on buying power of 24.16. (See Post Below).
At this point, I'm considering "safety taping" the naked short strangle off to bring in buying power effect. A "safety tape" setup can also be used to offer additional protection against an...
One of the most attractive things about being a trader is that once you become proficient with your trading system you don't have to spend all day in front of your computer like an extra in the Walking Dead. There's a lot more to life than trading. The goal is that once we have developed that skill, we can “trade to live” and not “live to trade.”
I like to teach...
