Important FOREX Trading Tips

Charles B. Goodman lived the markets from the late 1930s to the time of his passing in the early 1980s. During that time, he developed the Goodman Wave Theory in great detail, the foundations of market environments, and tied everything together in a nice, neat method of trading.

He often taught by simply pointing to a chart and saying, "There is your return, Dad," leaving me to scurry home to my charts to divine what was in fact a return. I learned bathtub analysis early, and perhaps that was his idea! When I told him what I thought something meant later, he would look at me a bit odd and say "What else did you think it meant?"

Much of his wisdom came from sayings and short anecdotes.
Here is
By Michael Duane Archer
Michael Duane Archer has been an active futures and FOREX trader for more than 35 years. He has worked in various advisory capacities, notably as a commodity trading advisor, registered SEC investment advisor, and branch manager for Heinold of Hawaii. He currently trades FOREX and futures and is involved in several technical analysis research projects.

Copyrighted 2016. Content published with author's permission.

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