Smart People Do Stupid Things – Forex Trading Lessons from Brent Donnelly
This interview with Brent Donnelly is full of Forex Trading lessons, and golden nuggets. Brent is a 25+ year professional FX Trader. He has worked as most of the large Prime Brokers in the industry, including Citi, Lehman Brothers and HSBC. Brent has been around the trading industry for a very long time, and has taught hundreds of new traders. He does a great job in this trading interview of explaining what it takes to be a great trader, what new Forex traders can avoid, how to properly scale up risk, and much more.
🙌 INTERESTING QUOTES FROM THE INTERVIEW 🙌
– “A true professional is someone who works hard everyday, even if they do not feel like it.”
– “Do you want to play the imaginary game where there is no Fed, or do you want to make money?”
– “Being Rational is a big part of Trading”
-“When you don’t have risk on you are un-biased and can make rational decisions. But, once you have risk on you become biased”
-“Once you have a position on you want to react very little and let your take profit and stop loss be the catalyst”