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Today's investors and active traders have access to a growing number of trading instruments, from tried-and-true blue chip stocks and industrials, to the fast-paced futures and foreign exchange (or forex) markets. Deciding which of these markets to trade can be complicated, and many factors need to be considered in order to make the best choice. The most important element may be the trader's or investor's risk tolerance and trading style. For example, buy-and-hold investors are often more suited to participating in the stock market, while short-term traders – including swing, day and scalp traders – may prefer markets wherein price volatility is more pronounced. In this article, we'll compare investing in the forex market to buying...
The following interview was originally published in Trader's Journal (TJ) November 2007 issue and is reproduced with their kind permission. Part I: On Trading TJ: John, when and how did you get started into trading? JD: I got started in 1968 as a biology and physics teacher in Milwaukee, Wisconsin. I was the Director of the teacher investment club with a $100 per teacher contribution in a pool and some hopes and dreams. I read Harry Browne's book in 1970 about Nixon closing the "gold window" for the USD. The title of Harry's classic book is How to Profit from the Coming Devaluation and it changed my life and all I have touched in this space forever. TJ: What did you find trading interesting? JD: The daily intellectual challenge of...
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