Tag: perspective
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Learning about trends – smelling them
It’s often thrown around that ‘The trend is your friend’. I had heard or read these words several times in the last three years. I understood the words and the idea behind it. It is not a difficult thing to understand that the prices of instruments in markets move in trends. This is easy to…
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This is worth your next million
Lots of new traders are looking for a magic solution to make money. They come into trading as a sort of flirtation – to see ‘if it works for them’. It doesn’t. There are no hard statistics on this but Charlie Burton estimates that about 80% of people who begin trading a live account will…
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Get the trend in perspective
Perspective is everything! The following charts show different perspectives of NZDCAD. The moral of this story here is, not to maintain a narrow focus. This will require some deep thought. Perspectives change when you change your perspective.