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Gav's trading blog - Perseverance, Consistency, Confidence

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Talks Richard St. John: “Success is a continuous journey”

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I was planning to run some accounting and journaling work during Sunday morning, but my broker platforms were offline for maintenance. I browse around TED talk to find some quality videos, here is one of them. Well, some of you might have watched this before, but, it is worth to revisit again. Enjoy!

Richard St. John reminds us that success is not a one-way street, but a constant journey. He uses the story of his business’ rise and fall to illustrate a valuable lesson — when we stop trying, we fail.

Video: John Murphy on INO TV now

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INO TV has recently added one of John Murphy’s seminar “Applying Technical Methods to Today’s Trading”  in the free video library. I think it is definitely worth the time to check it out. All it requires is signing up a free account to access to the video. Details here.

INO_TV

In addition, there are some featured videos available as well, such as Crude Oil and Energy Update and Market Wizard insights by Jack Schwager.

Does NFA changes really hurt FX trading business?

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So, we know NFA has been changing rules. Retail traders are complaining, moving away from U.S based brokers.
But, is the change really bad? Well, firstly, I am not trying to defence NFA. I am just thinking, should I really look for another European based, or Australian based broker?
I am not sure. The change of the margin requirement does not affect my trading, since I am never a high leverage player. So, increase capital requirement of broker, increase margin requirements for Forex position, is there anything that I miss out and it is really bad for the business?
Any thought?
And, about European brokers, I’m totally unfamiliar with them, and hence,not confident of sending money to them. So, I maintain status quo now, leave my trading fund with some big U.S based broker.

So, we know NFA has been changing rules. Retail traders are complaining, moving away from U.S based brokers.

But, is the change really bad? Well, firstly, I am not trying to defend NFA. I am just thinking, should I really look for another European based, or Australian based broker?

I am not sure. The change of the margin requirement does not affect my trading, since I am never a high leverage player. So, increase capital requirement of broker, increase margin requirements for Forex position, is there anything that I miss out and it is really bad for the business?

Any thought?

And, about European brokers, I’m totally unfamiliar with them, and hence,not confident of sending money to them. So, I maintain status quo now, leave my trading fund with some big U.S based broker.

Updates

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I’ve only made a couple of trades early of the week. I generally do not initiate new positions during FOMC, NFP week. So, most of the time, I am just enjoying watching the markets.

Meanwhile, I am preparing my travel-trading plan for the coming months. As mentioned before, I’ll be travelling around South East Asia countries for the next few months.  One thing for sure is, I’ll never stop trading. So, I need to get my equipments setup.  On the other hand, we are heading into holiday season soon (Christmas, New Year is around the corner), I think it is worth to observe the volatility and liquidity for the coming month.

No open position at the moment.