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The FX Bootcamp Guide to Strategic and Tactical Forex Trading by Wayne McDonell

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WHICH DO YOU DO?

Imagine you are at a cocktail party. People are floating around the room and mingling. We’ve all been in situations like this.
The group next to you is talking about the latest reality TV show and you’ve never even heard of it. It sounds so incredibly stupid. What at bore!
I wonder what they would say if you jumped into the conversation with:
 
“Speaking about being voted off the island, how about those FOMC meeting minutes released this morning? Governor Pool voted to lower interest rates again! We should vote him off the island!”
It’s likely that no one would have a clue about what you are talking about. Your life revolves around acronyms such as CPI, PPI, NFP, PCE, GDP and such. They live lives of quiet desperation.
The next time someone approaches you and strikes up a conversation by asking, “So, what do you do?” try using my favorite response.
“I buy and sell money.”
Dumbfounded, the individual will respond with, “What?”
“I apply fractal geometry and chaos theory to profit from the global currency markets.”
Now the person will be impressed. But don’t say, “I’m a currency trader” as people equate this with “gambler” and for the 90 percent of amateur traders who lose money, they’d be correct.
But not you; you are a professional profiteer. After reading this book, you will focus less on trading and more on planning your trades in advance, as you are really seeking opportunities to profit, not to trade.
If the odds are just 50/50, you’ll pass as ...

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