They say if you want a shortcut in gaining trading experience, you can practise by looking at past charts. But I think the even better way is to read all the past posts of Nial Fuller, which he frequently comments about commodity and currency price actions.
Nial has been extremely generous about his information, even though I never transfer him a single cent. It is all free in the below link.
http://www.learntotradethemarket.com/forex-trading-commentary
The reason why reading all his past posts is much better than scanning through past data is because you are able to get into the mind of an accomplished trader. There are many things I learnt today, and I will try to put down whatever I can recall below.
- The wealthiest traders in the world may just have 2-3 trades in a month, and that is good enough to grow their money every month.
- I think Nial only maintain around $50,000 into his account. You do not need so much because you can use leverage.
- Nial likes simplicity in life and in trading. He only has a ultrabook and not multiple monitors and powerful processors.
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