iBankCoin
Joined Oct 26, 2011
73 Blog Posts

The Sexxxy Side of Forex

Did your eyes light up looking at that? If they didn’t there’s something wrong with you. When I first stumbled into the world of FX my eyes lit up just like yours did 5 seconds ago. Those were the good ol’ days of 400:1 leverage. Thanks to Dodd Frank those days are over. Apparently we need to be protected from ourselves and what we do with our own money, but I digress…

Starting out in FX was ridiculously difficult, as it is with any type of trading, but there are a few things that accelerated my education and my bottom line. First and foremost is a Texan with a heart of gold and a genuine desire to see people become successful. Jim of The James16 Group started a free thread over at Forex Factory. Jim is a 20+ year trading veteran that decided to share his knowledge with anyone who wanted to listen and I wanted to listen as much as possible. Jim’s free thread still remains to this day and has also evolved into a paid educational service. Stay one year as a paid  member, get the rest of your life free. No BS. The community of traders Jim has created is unlike anything else, and above all it’s the honest truth. There’s not many people like Jim out there. Consider this my unpaid endorsement. If you’re interested I highly recommend it.

While we’re on the subject of trading education I have to make one more mention. If you don’t know or have never heard of DarkStar, you haven’t been around the FX trading circle. Darkstar has written and published a Hardcover Book on FX Order Flow Trading. Once they’re sold out they won’t be reprinted. Well worth the $149 price tag to get inside his head for a look into the work of FX Market Makers and Market Microstructure. Seriously, he gets down to the nitty gritty of what actually causes prices to change and how to calculate price change with a liquidity distribution model, or some shit like that. I’m not done with the book yet, but I can tell you it’s a deeper look into markets than you’ll find anywhere else. Also my unpaid endorsement.

Check them both out. You won’t be sorry…

 

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One comment

  1. hmm

    quality post, keep up the good work. the graphic really helped conceptually.

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