Written by admin on August 28th, 2009
Dealing With Market Uncertainty
The nature of the markets is uncertainty. Human beings do not like uncertainty. In fact we fear it at the very depths of our soul. Much of our society has evolved in an effort to reduce the uncertainty we face in day to day life, through controlling the environment, and implementing a structure of laws, [...]
Continue Reading...Written by admin on March 24th, 2009
An Unspoken Rational Approach
If you put on a trade and your heart starts pounding, you are *not* ready to trade yet…Some people who aren’t ready to trade have other problems as well: 1. Pulling the trigger to get in 2. Staying with one trading strategy long enough to judge it 3. Letting good trades go bad Day trading [...]
Continue Reading...Written by admin on March 10th, 2009
What Are the Differences Between Trading and Gambling?
Many people think that trading is similar to gambling. Is this really the case? For example, let’s take a look at Black Jack. If you start with $10,000 gambling capital, placing bets of $100 per hand and play 100 hands per day, how long will you last? In the game of Black Jack, with Las [...]
Continue Reading...Written by admin on April 5th, 2008
5 Ways to Master Forex Like a Pro
Forex trading is the most liquid business in the world with volumes of about $4 trillion daily. It is no wonder why people are rushing in to take their share of the pie and want to master forex like a pro in no time. Why, it is even known as the world’s most powerful home-based [...]
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