Contact Us
Privacy Policy
© 2006 - 2013 The Options Insider Inc.
All Rights Reserved
Rick Wright
About Rick Wright
Rick studied economics and psychology at Iowa State University, and entered into the brokerage business in 1992. He earned the NASD Series 4,7,9,10,24,55,63, and 65 licenses. He helped grow an online brokerage business which was eventually sold off. Rick has also held positions as broker, branch manager, and several VP positions in the brokerage business.Rick began trading equities in 1997, and was introduced to the Forex market in 2002. Currently trading from home in Dallas, Rick is also a frequent contributor to various TV and business talk radio shows.Rick's goal in class is to accelerate your learning curve of trading, instead of figuring things out with your own money. He will show you several examples of trading mistakes that he and others have made, which cost thousands of dollars in the past so you won't make the same mistakes.You will learn how to recognize the differences between long and short term trends, where to enter trades, and where to exit based on previous price action.
Posts by Rick Wright
What Do We Have in Common?
Hello traders! It’s been another fun couple of weeks in the forex market since I last wrote this column. ... More »
Lots of Diversification Under My Tin Foil Hat
Very often someone with trading experience will quickly delve deeply into a problem that they have with trading. “Whenever I buy, the market immediately turns down,” or “My stop gets hit too often and then the... More »
Well THAT Looks Familiar
The purpose of this week’s newsletter is not to talk about a few pairs that have had great moves, but to show you how trading is boring and predictable.... More »
What Are YOUR Reasons?
A colleague of mine once shared with me his grandfather’s philosophy on building success in what we do and that it all boiled down to a simple five step process:... More »
Stairsteps
In my last article, “Which Dirty Shirt Today?” I mentioned at the end of the article that the Yen pairs were all running into supply levels that were 3-5 years old, and would prefer a significant retracement before... More »
Which Dirty Shirt Today?
Hello traders! You know it. I know it. It seems as though most people don’t get it. ... More »
Which Do You Hate More?
A common phrase in sports that has been attributed to several people is: “I hate losing more than I love winning.” ... More »
It’s Certainly Not MY Fault!
Here is a diary of a failed (hypothetical) trader:... More »
My Favorite Market
This week I’d like to introduce the spot forex market to anyone considering a new or even a first market to trade. I’ll do a basic intro to what the spot market is, and then give a few reasons why I think everyone... More »
Who Likes to Work for Free?
Hello traders! Have you ever had one of those weeks, or months even, where everything seemed to go your way? ... More »
Bored and Undisciplined
As most of our instructors will tell you, trading for a living is great, but EXTREMELY boring. ... More »
Free Your Mind
Professional traders make a living from trading what the charts tell us to trade – not our beliefs of economic strength or weakness.... More »
Relatively Speaking
I was a bit hesitant when considering this week’s article because the topic is very subjective. The difficulty lies in fully explaining the possible interpretations of the following chart, and how what could be a... More »
Are Your Pairs Fighting Each Other?
In your trading plan you have chosen to trade up to two positions at a time. Because you have looked at hundreds if not thousands of different charts over your trading career, some of the often repeated patterns are... More »
How Are You Getting In?
In my last article, we discussed the tendency of many new traders to “chase” trades, that is enter well after the optimal entry level. This week I’d like to expand on a slightly different way to enter your trade.... More »
Four of The Best
Having had the chance to pick up some truly unique insights into the markets from my mentors over the years is what has no doubt allowed me to grow as a trader and if not for their input, I would not be in the position... More »
Don’t Be a Dumb, Greedy Trade Chaser!
Don’t Be a Dumb, Greedy Trade Chaser! Hello traders! This week I’d like to discuss a fault that nearly every trader has done at least once in the past – that is, chasing a trade. What is chasing a trade? It’s... More »
The Holy Grail
This week I’d like to discuss a topic that everyone is aware of, but seemingly many new traders don’t take very seriously. That topic is risk management.... More »
Quantity vs. Quality
Quantity vs. Quality Hello traders! This week I’d like to discuss a common misconception that new traders have – that professional traders sit and stare at their computer all day, making dozens of trades during... More »
Why Are You Still Watching That Level?
Should someone who has been trading for months or years be able to out-trade someone who is brand new to this endeavor?... More »
What Are You Waiting For?
Hello traders! As we often like to say, trading is very simple but not easy.... More »
How Big are You Going?
One of the main topics of conversation that I have with new traders is about the quest for trading's Holy Grail.... More »
Mirror Mirror on My Desk…
Last week I had an interesting conversation with a couple of students. The interesting part was that it was the same conversation I've had with dozens of traders from around the world - be it in class, an airport,... More »
What Color is Your Football Bat?
Different setups can be broken down into two different types of trades: Reversals and trend following.... More »
So Many Levels to Choose From
New traders sometimes have questions as to which supply and demand zones to identify on the charts.... More »
Ever Wonder Why Previous Supply and Demand Continues to Work?
Have you ever looked at a chart and had the supply/demand levels just jump out at you with such clarity that you almost knew that price would turn there in the future?... More »
Some Thought From Economics 101, Part 2
What happens when both currencies have an extremely low rate? What else can a government do to weaken its currency?... More »
Some Thoughts From Economics 101, Part 1
In this week's post, I would like to address a couple of fundamental topics to help explain why the market is behaving like it is.... More »
Does the Forex Market Have Gaps? Oh Yes It Does!
This week I want to show you how the weekend gap can occasionally be a good trading opportunity for the Forex trader.... More »
x
The Options Insider Radio Network
The Options News Rundown New!
The Options Insider Radio Network
Options Insider Radio
The Option Block
This high-octane program features education, analysis, strategies and unusual activity.
Volatility Views
The Long And Short Of Futures Options
The Advisor's Option
Options Boot Camp
Options Insider Special Events
The Long & Short of Futures Options 10: Forex Options
Join Mark as he discusses Forex futures and options with CME Group's Craig Leveille, Executive Director, FX Products, and Jeff Lewandowski, CTA, Foremost Trading.
