Godfather says: I spent my whole life trying not to be careless.

Godfather's discipline is worth not only for mafia nor yakuza but also for investors and traders.

Don Vito Corleone:

I spent my whole life trying not to be careless. Women and children can be careless. But not men.

Since the worst week for global stock markets, investors and traders should have been pessimistic under the market turmoil due to the fear of Covid-19 so called Coronavirus.
As the share price plunged overwhelmingly plunged last week, modest bounce back could have been expected at the beginning of this week. But how many of them could confidently foresee today's market swing, particularly in US markets where DJIA (Dow Jones Industrial Average) shot up above 5.0% in a single day?  There were some positive signs in the markets today, as Bank of Japan and Bank of England ensured their help for the Coronavirus crisis, and Mr.Trump slammed Fed "slow to act". Meanwhile, RBA (Reserve Bank of Australia) will be the first to have the rate decision at 2:30PM on 3-Mar (Local time). Some says that RBA will be forced to cut the rate because of the market turmoil, but US markets closed with huge recovery today and it became unclearer if RBA will cut or keep the rate.

While the markets turned positive today, we didn't get any breakthrough against Coronavirus. For a last few days, we were talking about supply chain problem, travel restriction and economic damage by them. Some says the global GDP could lose a quarter of the forecast even in "mild" scenario whose other scenarios are "modest" and "severe" respectively. The number of cases are now increasing outside of China, including Europe and US as concerned.

As more analysis results came out over the weekend, those mitigated uncertainty of the impact of Coronavirus. But negative outlook looms for coming months possibly beyond 2020. During the financial crisis in 2008, the markets had been down to the bottom on a bumpy ride. It is still likely to see the second round of massive sell-off near future, perhaps in this month again. Who knows?
That's why we have to learn from Godfather's discipline.

2 most important things for Forex & CFD traders 8-Sep-2015

I introduced 8 things to become a nomad trader on this blog, and today I would like to mention "2 things most important things for Forex & CFD traders" which more focus on trading itself for the successful trading, while the last topics, 8 things to ..., hinted about traders' life style.

The most important things for traders are merely two things below, but I understand most of beginners are trapped in trading without those disciplines.

Your own strategy
Beginners tend to trade by their judgement from subjective view. It sometimes may work, or always work if you were the trading god. However, in other words, there are no rules, patterns nor empirical justification.
Before you trade with your money, you should have certain strategy which characterize your trading rule.
Trading by technical analysis, you will look at technical indicators on the chart, and you will long or short when the technical indicator reached at specific figure.
Trading by fundamentals analysis, you will look at economic indicators such as policy rates, GDP growth, unemployment rate, .... The market is driven by those economic indicators when the indicators are updated.
Lastly, the simplest rule is to decide how much to take profit and how much to allow loss. Particularly, traders tend to fail without stop loss.

Never break your strategy but improve the strategy
Even if you set up your strategy, you are still a human and sometimes can be emotional. When your position indicates unrealized profit, you may want to take the profit despite the signal indicating the profit being bigger. When your position indicates unrealized loss, you may believe the loss eventually become profit despite the signal indicating the loss being bigger.
Ultimately, no one knows future. But in trading, your own strategy is a only thing to predict future. If you think your strategy is insufficient, you should have further analysis and improve the strategy instead of emotional trading.


We are providing our own technical indicators which are called FX trend & momentum. Download App "Forex Signal by QROSS X" at Google Play.

8 things to become a nomad trader

It is not about trend & momentum signal nor economy as usually posted on this blog. This is about How to become a nomad trader and What you need for it before becoming a nomad trader.

1. Online trading account
 It is obvious.

2. Trading devices
 Actually, it depends on your trading style.
 If you would like to look at the market in numbers or charts, you just need a Smartphone or Tablet. Those devices allows to download various apps for your trading.
 If you would like automatic trading platform such as MT4, high-spec laptop PC whose processor is Intel Core i3/5/7 or equivalent will be suitable. Once your strategy is settled in MT4, you just leave your laptop at hotel room and enjoy.

3. Trading strategy
 It sounds not only for nomad traders but also for all other traders. However, as sustainability of trading profit is more important for nomad traders, the strategy has to be enough enhanced before starting long nomad journey.

4. Debit card / Credit card
 You pay cost of living more or less wherever you are trading. VISA, Mastercard or American express are available almost everywhere in the world. You can pay by the card for cost of living , and You can even withdraw local currency using your card at the ATM.
 Ultimately say, bank account is not always necessary because sometimes your broker offers debit card linked with your trading account. As long as you keep money in your trading account, you can pay any cost directly from the trading account.

5. Money for living next 1 - 2 years
 Although nomad traders make money from their trading, the market can be volatile under uncertainty and they could make losses from the trading. Money for living will be safety net keeping your nomad life standard when unexpected losses are realized.

6. Your ID
 If you spend your nomad life in your country, it is enough to have your driving licence as your ID. If you plan to do outside of your country, you usually need your passport as ID.

7. Valid visa / permission to stay (Only outside of your country)
 Your nomad life could be beyond the boarder out of your country, and it must lead to more exciting life as long as you trade well. However, even if you keep making money from the trading, you also have to satisfy immigrant law wherever you stay otherwise you are suspended to trade and could be jailed in worse case.

8. Your family and friends in your heart
 Once you became a nomad trader, you will understand how this is important.


Obviously, you need a lot of things other than the listed 8 things in your nomad life, but you will have most of them easily.