Rob's blog.

What did you do after losing money?

I remember the first time I lost a significant amount of money in trading. For a while, I thought I might just stop altogether. Or trade 2 times the lots from the last trade and make it all up right away. Or take a walk. Or shoot my neighbor's dog, which had the habit of barking incessantly at exactly the times I was making trades.

I know this has never happened to you, but, in the off-chance that it has --

What did you do when you lost a bunch of money? What was your first reaction? Next month's ebook discusses why you lose money, and what to do about it. But I'm interested in your thoughts. Write me and tell me what you did when you lost money. Email me here.

Forex at the tipping point

FXCM is now claiming 20,000 clients, and if that's true, then hold on to your hats because forex spot trading has just about reached the tipping point. Remember the explosion in online stock trading from 1996 to 2000? The forex market is, in its life cycle, at the year 1996.

That means greater liquidity for everyone. It also means that over the next year or so, that we can trade larger amounts at guaranteed stops and limits. It also means (unfortunately) that governments around the world -- not the least of which the U.S. -- may start heavily regulating (and suffocating) the growth.