Are You a Better Trader Than a Japanese Housewife?

I'm sure many of you have heard this story before... in 2007, a 60 year-old Japanese housewife made headlines for receiving a suspended sentence and fine of 34 million Yen for tax evasion having made 400 million Yen (USD3.44 million) trading forex! (Source)

The obvious lesson notwithstanding (i.e. do not mess with the tax authorities), it's a useful simple benchmark to use. So, are you a better trader than a Japanese housewife? ;-)

1 comments:

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Fixed Ratio Money Management

It's been a while since I last blogged about Money Management, what many consider to be the most important yet overlooked subject in trading. As one of the three (3) pillars of trading success (the other two being Mind and Method), I therefore feel that I have an obligation to share more of my thoughts on the matter.

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