Jordan Lindsey: A Jack of all Forex Pairs and a Master of One

When I started out as a forex trader, I did not know what I was doing. Then I read a few books, and my eyes became open to how little I knew about the forex market and trading as a business. That was ten years ago. Since then, I have not stopped reading everything I come across on the subject. Becoming a knowledgeable trader is like peeling an onion. There are layers upon layers, and answers to your questions give rise to yet more questions. Had I learned of Jordan Lindsey sooner I might have saved five years of absolute frustration.

Jordan Lindsey, the founder of JCL Capital, is correct when he says that focus is a crucial ingredient to success as a trader. When I hear “focus,” I think concentration. You cannot be all over the place. The forex market is vast. There are dozens of regularly traded currency pairs, crosses, and even exotic pairs you could exchange. In fact, each trading day 5.3 trillion dollars changes hands in this market according to the Bank of International Settlements.

In truth, each currency pair is a market in and of itself. Just as gold, oil, and T-bills constitute unique specialized areas of trading. The large banks have traders who only trade a single currency pair. The EUR/USD guys buy and sell just EUR/USD, and likewise, the USD/JPY desk handles only those transactions. Of course, they are trading by the “yard” ($1 billion lots). Jordan Lindsey says “think big.” If it is good enough for the big boys should not that tell you something?

What is the advantage of limiting yourself like this? Well, for one thing, you will develop a sharper focus. You will be very clear about:

  • best time(s) to trade
  • time frame to observe
  • news to track

No longer will you be all over the place. When you are up against only a single market, your focus is more precise, and you will more readily recognize an edge when it presents itself. In time, you will discover that each pair is like an onion in and of itself. Few things are as exciting as mastering the trade winds of a particular currency pair. It can make you a ton of money. That is why Jordan Lindsey encourages us to focus.

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