Winsor Hoang

3 Tips for Traders Handling Forex Criticism

If you've ever told anyone you're a trader, most likely you've been met with two types of responses: a sense of intrigue or skeptical criticism. It happens in virtually all fields that

3 MIN READ
10/22/2014

Forex Trading is like Martial Arts

When you enter the Forex trading ring it is very similar to entering the sparring ring in martial arts and Forex trading both deal with technique. A trader may not see themselves as combative or

3 MIN READ
10/16/2014

Risk, Reward, and Investments – How to Balance Them to Maximize Returns

Humans are more prone to avoid pain than to seek pleasure. However, this concept goes out the window for traders who are looking for an easy way to make money. They tend to focus on the rewards,

6 MIN READ
09/10/2014

How Traders Suffer From Confirmation/Hindsight Bias

Do you have confirmation/hindsight bias? Many traders will believe that their skills, and techniques are crafted from years of analysis, but the reality is few traders go out of their way to

3 MIN READ
08/25/2014

Can Anyone Become a Successful Trader?

“Anyone can do it!” I’m sure you’ve heard or seen these words before; perhaps when you decided to become a trader you did so under the notion that anyone could do it. But

3 MIN READ
08/13/2014

Understanding Technical Indicators… And Their Uselessness

For new traders, just learning how to navigate the forex market, technical indicators can be a useful tool in figuring out the ropes of the game. Think of them as training wheels. When you set out

3 MIN READ
07/14/2014

Pros and Cons of Compounding

Let's be real. The goal of trading is to earn money. Traders risk their hard earned dollars in hopes of turning them into larger, hard earned dollars. Compounding is largely considered as a

3 MIN READ
07/08/2014

Are You A Gambler in Trader’s Clothing?

The comparison between trading and gambling is not a new one. Where there is money and risk involved, the correlation is bound to sneak into the conversation. A Forex trader can develop an

3 MIN READ
06/24/2014

Why Traders Should Think About Risk, Not Reward First

There are few things that can make a grown person as worked up and emotional as trading. Gaining money gives the trader a rush, a boost of confidence, and a feeling of achievement. Loss on the

3 MIN READ
06/20/2014

10 Things You Should Know Before Starting Your Forex Trading Career

Prospective Forex trader do not always have all the right information before making the decision to commit to this interesting but also challenging industry. But because Forex is not for everyone,

5 MIN READ
06/06/2014