Trading Heroes is a blog written by Hugh Kimura mostly on his journey to become a professional trader. This blog has a wide range of topics from good books to read, surprising trading trends, to Hugh’s personal experience. Worth checking out if you are interested in trading at www.tradingheroes.com.
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About the author...
Jeremy Schoemaker – who has written 2424 posts on ShoeMoney.com.
Hi I am Jeremy Schoemaker and ShoeMoney.com is my blog. 99% of the post here are done by me but you will see others occasionally make guest posts. This blog is fun to write but for my day job I run several online companies.
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{ 70 comments… read them below or add one }
My shirt is on the way Jeremy
Awesome! Can I get one, too?
I like the design, clean and simple. But i’m wondering how can we get one?
What is Cambist?
Good information, thanks for posting that. I have bookmarked your site and will come back to see what else you have to say. Trading is so challenging that the more information I have the better: there are so many strategies to learn. Looking forward to coming back and learning some more to help make some money. David
Thanks Jeremy, I totally forgot I sent that.
Thank you, good work!
Interesting site. Bookmarked.
Excellent list of resources in his Trading Library page. Looking forward to learning more about trading from this site. Thanks for the heads-up!
This is great! Thanks! I’m going to check it out.
This site can be very helpful for those who are investing on the forex market. I’m now thinking of trying my luck there as well.
A very educational website. I don’t know much about trading but it’s something I’ve always wanted to explore.
Me too. Never had the chance to try it before though.
Sounds like a great way to start building my retirement plan. I’ve been thinking about possible income streams that could help me do that. I just might pick up some useful tips from the site.
I’m definitely signing up for that FREE copy of The Forex Strategy Development Course. Thanks for sharing the site’s link here, Shoe!
I’ve read some of the posts. I have to say they’re well written and reader-friendly enough for someone like me who’s absolutely clueless about trading. It makes me want to give it a shot.
Low transaction cost and the profit potential – two reasons I want to give trading a try. It’ll be great though to learn the ropes well first before I venture into it. Trading Heroes seems like a great place to pick some tips.
The fees and commissions involved in trading forex are among the lowest across all financial sectors, and that is massive savings for you if you are serious about forex trading.
It’s fascinating how individuals keep up with market trends and strike while the iron is hot to make the most of every peak and trough of each unique currency. There are distinct compensation and benefits that makes trading forex look more interesting.
How much can you make with forex trading? also how to withdraw earnings?
There are a lot of interesting information I found while skimming some of the articles in the site. You’ll probably be able to find the answer to your question there. I’m planning on checking out more articles later.
Do you also play with forex trading, Jeremy or you prefer investing through other means?
Looks like forex trading is a great way to make money. I’m thinking it could be worth the risks.
Nice shirt! I always look forward to your free shirt friday posts. Found some really useful stuff from the companies you’ve featured here.
Great site! The Forex market offers amazing benefits but making a successful career trading is not a walk in the park. It requires a lot of education, discipline, commitment and patience. But given the potential rewards, every effort you put into it is going to be worth it.
I’m all for anything that can help me make money. This is something worth looking into.
Great insight. Before you’ll make money, you’ll help Shoe and Hugh make money first!
What are the advantages of forex trading over traditional investment methods? Do you invest on it too, Jeremy?
Awesome! Apart from the free shirt, are there any fees I should pay if I want to promote my site on Free Shirt Friday?
I was following Hugh’s articles online ever since I became involved with FX trading seven months back. He advised that when someone becomes interested in forex trading, “they first need to gain a baseline knowledge of how the forex market works. They learn things like what a pip is, what markets are open at which times and how news affects currency prices. Then they learn how to setup a demo account and start trading play money.”
Hugh encouraged even the most uninitiated newbies to try their hand on forex trading, however, with a coach to give some useful tips and pointers along the the way. He believed that currency trading training can help you become a better trader, regardless of your current skill level.
A good mentor can keep you from making the same mistakes and speeding up the time it takes you to become successful. You do not need to reinvent the wheel.
Striving for your goals by yourself might lead you to success but having a mentor to assist you can result in achieving even greater heights than you imagined.
Exactly. If you are looking to become a successful forex trader, the only way is to learn from someone who is trading for a living. Why would you learn from someone who doesn’t know how to do what you want to do?
Do you agree? Think of all the skills you have attained over the years, how did you gain these skills? Usually someone taught you how to do it.
Looks like the website has some great, solid content. It can be very helpful to those who want to explore potentially lucrative investments.
I understand Hugh Kimura’s insight when he said that choosing the wrong host can be a nightmare. Ever experienced anything horrific with a host gone wrong, Shoe?
It is good to make a right web hosting choice the first time, because if you have to move to another service, it will cost you time and you may lose some of your valued customers due to the downtime setting up with another hosting company. You may also have to pay set up and hosting fees for a new account.
Excellent support is very important. You are going to put years of your life into this website and believe me, you don’t want to lose it. A good host will help you through some tough spots when you need it.
If you are in the forex trading business or want to be a professional forex trader, Hugh is precisely what you need to motivate you in your pursuit of success. You can learn a great deal from him just like I did. Nice post as usual!
This inspires me to try forex trading. It seems like a profitable way to invest my time and resources on.
I’m newcomer in this forex trading world, I still don’t have any idea where else to find good information regarding forex. But this post helped me a lot already.
I still have a lot of stuff to learn about pips, leverage, rollover and countless other basic forex trading essentials. Glad to have stumbled upon this post. (By the way, does that shirt have a twin?)
In my opinion, much of this basic knowledge can be obtained for free on the internet. Google “forex school” and you will come up with some great free resources that will teach you the very basic concepts of forex trading. This can be a great way to learn about currency trading and find out if it is something that you are really interested in.
Confidence is the key ingredient that is required especially if you are planning to be a full time forex trader!
Thanks for this, Jeremy! I want to give it a try. The site can help me get started.
Does anybody here have an update on this year’s Humongo Nation tour?
I heard a successful trader once say that no one is born a good trader, everyone has to learn how to become profitable. What’s your two cents’ worth on this, Shoe?
Does trading forex yield more than stocks do? I don’t have much knowledge on those two.
As Hugh put it: “It is not an easy road to becoming a successful trader. Then again, nothing in this world that is worthwhile is easy.” Superb!
I read that backtesting is an essential part of using a Forex trading system. But the idea seems a bit daunting for me since I haven’t had much experience doing it before.
It probably would have been much less daunting if someone more experienced taught you the lessons they learned from their mistakes so you didn’t have to go through them.
There are software you can use to make the process much simpler for you. I’m sure you’ll be able to find one that suits your needs.
Well, if you let your mind wander even a little in fx trading, impulsiveness, greed or boredom can kick in and trick you into pulling the trigger.
I’ve never been this interested with currency trading since time immemorial!
My favorite currency trading joke? The market may be bad, but I slept like a baby last night. I woke up every hour and cried.
Mine is this!
The Walton’s invited their new neighbors over to dinner. During dinner Mr.Walton was asked what he did for a living.
Eight year old Brian Walton jumped in and said, “Daddy is a fisherman!” To which Mrs.Walton replied, “Brian, why do say that. Your daddy is a stockbroker, not a fisherman.”
“No mom. Everytime we visit dad at work and he hangs up the phone he laughs, rubs his hands together and says ‘I just caught another fish’.”
Is engaging in forex trading too late for an old fart like me?
In the trading business, you will be faced with roadblocks to your success, which can be very frustrating. I sure hope I can get in touch with Hugh soon.
Looks like forex is a good investment opportunity. How long does it usually take before someone who’s just starting out can rake in profits?
When’s Rebecca going to post another gem?
Let’s face it, if you are not a profitable forex trader, then there is something you are missing.
Well, the real question here is…are you?
Touche!
Most of the beginners have trouble in setting goals. They are confused as to how they will achieve their goals. In this situation, having a good forex trading mentor will not only keep you on task but also guide you in the pursuit of your objective.
Is currency trading and stock market one and the same?
A major difference is informational. Currency values are almost exclusively effected by two different types of events: developments of importance to entire macro-economies and geopolitical events.
Stocks are effected by these things as well, of course, but a whole other slew of factors determine the fate of individual companies. Details as minute as which consultant is hired to negotiate with a union can drive a stock up or down.
Another difference is volatility. Obviously, the stock market itself – which is to say nothing of individual stocks – is far more volatile than the world’s major currencies. You can always increase your effective volatility by increasing how much your investment is leveraged. However, you can’t reduce the volatility of the stock market.
My sister said greed is one of the best motivators in currency trading because of the potential to make a lot of money very quickly.
Where’s the LIKE button when you need one?
Or if you get too greedy and don’t exit a trade at the profit target, the market may reverse on you and you could end up with a big loss.
Great site, and interesting idea for the Free Shirt Friday.