when i was most effective at forex trading i barely spent 10 minutes a day on it
money management is the main thing, and having a reasonable margin versus the risk level of the market
what this means is you only trade a small percentage of your stack, and this is the number one rule, this is the rule that you can't break, other rules are not so rigid
but i personally think that it's better to stack a store of value and invest in real enterprises directly instead of other people's
the 10 minutes a day thing sounds like what he described. He was a super humble dude. Hope he gets rich. The farm products from south Tirol sound amazing.
yeah, forex is a relatively easy decent income generator once you know the rules of it but finding good brokers is also an issue, and the rare but inevitable rug that all fiats eventulaly have
bitcoin is hard to trade on using the techniques i used on eur/usd because of its wider volatility and this is because of its lower overall volume
at some point, the volume is going to rise and the volatility will fall and money management/trailing stops will become effective at shorting the dollar but you can avoid all the headache by just stacking as hard as you can, because this will still beat the effective volatitility arbitrage technique that i learned back in 2008
it's basically like, you can flip a coin for your trade direction, everything else is based on a system, literally there is nothing you really need to watch the charts for
apart from the average volatility, that's it, that's why it only takes 10 minutes
you only have to win one time out of about 5 if you use trailing stops and have your volatility range correct, because that winner tends to do more than double the gains that your 4 previous losers cost you
oh yeah, part of it is that you tend to be trading against a lot of other idiots with their signals and systems
what they gain, you lose, with far less effort... this is where the leveraging plays its role in the picture
i still say better to stack a SoV though, less complicated
