The Nature of the Trading Business

Consider the following: As a trader you are in a business. Your strongest opponent has plenty of capital. He follows a program and he does it without emotion. He is totally aware of the fact that no one knows where the next tick will fall. Whereas he usually has good insights regarding the major forces that drive the market, he does not fool himself into thinking he can explain the vagrancies of price movement intraday or even from day to day. He knows that no one truly can.

The successful trader has learned his lessons by actually trading. This is a business driven by fear, greed, and selfishness, and very few worthwhile pointers are given out by the industry, other traders, or the myriad of so-called trading gurus who plague the pages of trading magazines and pages of their websites. The most valuable information is closely guarded and not often put in books or on web pages. Learning about trading is a 'forever' experience.

As the markets change and as we adjust to them, we learn. The learning is ongoing. It stops only when you no longer trade. During the time we trade we can always improve.

Trading is a great business for those who master it, and those who master it are traders who have mastered themselves.

Joe Ross

Trading Educators Inc

ABOUT JOE ROSS:

Joe Ross has been trading for more than 47 years, and is a well known Master Trader. He has survived all the up and downs of the markets because of his adaptable trading style, using a low-risk approach that produces consistent profits.

Joe is the creator of the Ross hook, and has set new standards for low-risk trading with his concept of "The Law of Charts?." Joe was a private trader for most of his life. In the mid 80's he shift his focus and decided to share his knowledge. After his recovery, he founded Trading Educators in 1988 to teach aspiring traders how to make profits using his trading approach. He has written 12 major books on trading. All of them have become classics and have been translated into many different languages.

Joe holds a Bachelor of Science degree in Business Administration from the University of California at Los Angeles. He did his Masters work in Computer Sciences at the George Washington University extension in Norfolk, VA. Joe still tutors, teaches, writes, and trades regularly. Joe is still an active and integral part of Trading Educators.

In The News:


Free Guide to Trading Forex during Volatile Times
Sacramento Bee
By City Index Australia The recent falls in commodity currencies, including the Australian dollar, show how volatility in global markets could present trading opportunities for forex traders. For example, the Aussie dollar (AUD) was trading as high as ...
How to Start Trading Forex: Free Beginners GuideEinnews Portugal
OPTIONS PLAY: USD INDEX FUTURES TRENDINGInside Futures

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Vantage FX UK Launches New Bloomberg TV Campaign
SYS-CON Media (press release)
The adverts are due to air on financial news network Bloomberg and will promote the exceptional level of personal support offered by the London-based Forex trading dealer. In the commercials Mr Berkeley states: "At Vantage FX we strive to deliver a ...

and more »

ZuluTrade's Social Forex Autotrading Platform Now Available to ACFX's Clients
MarketWatch (press release)
NEW YORK, May 23, 2012 (BUSINESS WIRE) -- ZuluTrade.com, the largest automated social Forex trading platform, which enables users to follow successful traders' performance, announced today their partnership with ACFX, the Forex brokerage arm of the ...

and more »

Forex Trading Tips for Investors in the Global Currency Markets
MarketWatch (press release)
SINGAPORE, May 23, 2012 /PRNewswire via COMTEX/ -- Forex Trading offers various benefits from tighter fixed FX spreads to greater leverage and substantial gains from small movements in the market. Foreign exchange (Forex, or FX) is one of the most ...

and more »

China banks report monthly net forex selling in April
Reuters
BEIJING, May 24 (Reuters) - Chinese banks sold more foreign currency than they bought for clients in April, leading to a net sale of $3.7 billion in foreign exchange in over-the-counter transactions, figures from the State Administration of Foreign ...

and more »

Big Players Dominate FX
Traders Magazine
The Bank for International Settlements offers the most comprehensive view into the FX market and comes out with a highly anticipated report every three years. The last Triennial Central Bank Survey came out in December 2010. FX trading represented a $4 ...


Palm Beach Post

FOREX-Euro weak near 2-yr lows on dire German data
Reuters
The euro dropped sharply to $1.25155 on trading platform EBS, its lowest level since July 2010, before recovering to trade at $1.2575 as some investors booked profits on bearish positions initiated earlier. But any rebound was likely to be fleeting and ...
Euro Drubbing Continues; Currency At New 22-Month LowWall Street Journal
Greece remains dominant in currency marketsFX-MM
Europe's stocks hit on EU summit skepticismSeattle Post Intelligencer
Palm Beach Post
all 6,482 news articles »

Euro, Risky Assets Look To Eurozone PMI And German IFO For Direction
TheStreet.com
By Doug Kass The major currencies consolidated in quiet overnight trade as markets digested volatility over the preceding 24 hours before a busy day of European economic data offers new catalysts. The preliminary set of May's Eurozone PMI figures is in ...

and more »

Phones Review

Try a New Approach to Forex Trading With Vantage FX UK
MarketWatch (press release)
LONDON, UNITED KINGDOM, May 21, 2012 (MARKETWIRE via COMTEX) -- For MetaTrader 4 traders seeking the ideal Expert Advisor to automate part or all of their Forex trading process, Vantage FX UK ( http://www.vantagefx.co.uk/ ) has the solution.
GO Markets Achieves Record Gains with Launch of CFDs & Pro Trading AccountsWebWire (press release)
Why MetaTrader is the Best Trading SoftwarePhones Review

all 8 news articles »

RMB Goes Live With TraderTools' FX Trading Platform
MarketWatch (press release)
NEW YORK, May 22, 2012 /PRNewswire via COMTEX/ -- TraderTools Inc. (TraderTools), which provides the only complete, integrated FX trading platform available on the market, announced today that Rand Merchant Bank, one of the leading investment banks in ...

and more »
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