Direxion is now trying to create monthly leverage for their ETFS.
That's heading in the right direction but I'm still skeptical of leveraged ETFs for anything but trading.


Currency trading is going well. Mostly I'm trading USD/JPY and I'm getting a good feel for that.

It's become very systematic for me. Look at charts, calculate position size and risk, make trade.

A big reason people lose when the start trading is that it's new to them. It's exciting and easy to get emotional about. You either stop getting emotional about trading or else you'll most likely fail. Most people don't last long enough to get emotions under control.

But I also see people take the psychology way too far. I heard one thing last year about how being told what we can and can't do as a child affects our ability in the markets because we're overwhelmed by choices...something like that.