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December 23, 2018 - Institutional Positions & Supply and Demand for the FOREX market

The positions below represent the institutional positions held as of December 18th, 2018!

Ahhh Christmas is here. It’s one of my favourite times of the year as I think about all the previous amazing memories my family and I have had. As I think about the previous year’s one thing really stands out at me and I wanted to share these thoughts with you. They are regarding success and what success means to you. When I look through social media most of what I see if not practically all of what I see are posts from people showing off their “lifestyles”. Then there are motivational quotes about how you too can achieve riches. Believe me, I fell for this stuff too many years ago but as I get older and experience new realities and become more understanding of the world and the meaning of success, I can strongly tell advise you to stay away from all of that noise because at the end of the day, without you realizing it, that noise will keep you from achieving real success. By real success I mean true happiness, being loved, being admired for the good qualities you possess. The other day I posted a youtube video of a study being done on what makes us happy and I would encourage you to have a look at that. The truth is the universe knows what you need to be truly happy and as long as you live your life truthfully, based on real substance and not pipe dreams of being rich then the universe will deliver you the “success” you deserve and it just may not be a couple millions dollars because it just might not be what you need to be happy. Take some time and really think about this over the holidays and maybe your thinking will be realigned more purposefully in the new year.

Regarding another topic I wanted to bring up. I’ve noticed some of you are coming at the learning process completely wrong. Many have small trading accounts and are hoping to make the monthly membership costs with returns from trading. If you are new to trading this is the way to surely blow up your accounts. You should be working a job and using that money to pay for your education and daily guidance. Keep your trading accounts safe by trading SMALL size. If you approach it this way you are surely traveling the road to success and will guarantee you don’t blow your account up. There is no quick way to success, you have to live honestly, work hard and have reasonable expectations from yourself. This over the years will lead to your success in trading but it takes time and you have to be patient.

On that note, I break for Christmas now as I get ready to drive down to the city to visit family until mid week. I hope you all have a great time off with family and friends. We are all blessed to be in the position we are so let’s continue doing the right things every day and we will see success!

Kevin aka Magic Trader!



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