When reporters would ask Michael Jordan if he could fly, he did not answer “no.”  Instead Jordan would reply, “For a little while.” That’s the way it is with markets and their movements away from the underlying fundamentals that support them. Rather than enter a futile debate between “macro” thinking and technical analysis, a few basic concepts can help a trader navigate the market’s turbulence more confidently. Fundamental analysis is the practice of analyzing commodities and trying to predict where their prices should be trading and what they will do in the future. The building blocks...

In this lesson, we will discuss some concepts that have helped me and many others become successful traders.  While each individual trader will develop his or her own discipline, it’s important that all new traders make a total commitment to this livelihood. What does being wholly committed entail?  It means repositioning the priorities in your life so that trading is at the TOP of the list.  Because it is hoped that this goal is likely to increase your wealth, you will need to eliminate anything that will get in the way.  In the end, you will be able to provide a better lifestyle for your...