Michael Marcus - Trading Genius

Michael Marcus - Trading Genius

Michael Marcus is an exceptional genius who continues to be a legend in the field of Forex trading! 

Michael's story begins back in 1969, when the young trader started his path toward great success!

From 1969 to 1973, he kept losing money in a borrow-and-lose pattern. After 1973, he began to succeed on his trading path. 

In 1974, he joined Commodities Corporation to trade the company's money. Over a decade, Michael Marcus turned 30,000 dollars into more than 80 million dollars, meaning Michael increased the company's capital 2500 times, an exceptional result in Forex trading! 

Michael says his remarkable results are due to his trading philosophy, which he explains in 3 principles:

Principle 1: 
First of all, the most important aspect of trading, Michael Marcos says, is patience. We will lose money again and again if we do not learn to be patient. This trading principle must be strictly respected; otherwise, we throw ourselves headfirst into the market without waiting until the market trend becomes clear!

Principle 2:
Fail fast! What Michael suggests is to quickly give up positions that move against us. Trading is an art, and when our prediction deceives us, we simply exit the position!

Principle 3:
Keep the good cards in your hand and get rid of the bad ones! This principle is fundamental in trading. We must remember that profitable trading depends on how we organize and create the trading strategy, risk management and money management, and usually profitable positions cover unprofitable ones!

So it is important to remember: exit unfavorable positions quickly, and when you have a profitable position open, have the patience to hold it until it offsets the loss and locks in the profit!    

More about Marcus:

Michael Marcus's mentor was Ed Seykota
Michael Marcus was profiled in Market Wizards
Marcus is one of the graduates of the legendary Commodities Corporation

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Risk warning: This article is for information and education only, reflects the situation as of its publication date and does not constitute investment advice, an offer or a recommendation to buy or sell any financial instrument. Trading leveraged instruments (Forex, CFDs) and crypto-assets carries a high risk of losing your capital. Past performance does not guarantee future results. Before investing, assess your objectives and risk tolerance and, if needed, consult a licensed adviser. Details: Disclaimer & Risk Warning.