There’s a fundamental misconception in the finance industry that has led many smart people to make some very bad decisions.
In college, finance majors are taught to calculate the risk of a financial asset based on its price variance, which is essentially “how much its […]
In every complex environment there are written rules and there are unwritten rules.
Written rules are the ones everyone knows about. They are the platitudes commonly found in textbooks and on posters adorning the walls of corporate […]
“The Forex market is the most liquid in the world…” the Guru continued, “so technical analysis is especially applicable.”
My eyes lit up. That was exactly what I wanted to hear. “Yes!” I thought to myself. Forex trading is going to be […]
Intuition is a tricky subject, because there’s no way to prove or disprove that it exists.
Consider however, that there’s a strong psychological incentive for human beings to provide an explanation for coincidences: we want to feel in control.
A mother loses her […]
I once attended a university class where each week, a well-known CEO was invited down to speak with the students.
This was one of my favorite classes, because unlike the usual lectures held by university professors, these sessions were led by […]
(This is Part 3 of a post series. Read Part 1 here)
Many people begin Forex trading with the hope of making enough money to quit their day jobs. Understandably then, their focus in trading is centered around making as […]
In any competitive arena, the good players are constantly anticipating how the game might unfold.
With patient observation, they are always on the lookout for their opponents’ missteps. The moment an adversary makes a mistake, the pro player bursts into action […]
(This is Part 2 of a post series. Read Part 1 here)
So… how else do experienced traders think differently?
Let’s take a look.
Many people get into Forex trading for some extra […]
With so much trading information freely available online, why are the majority of retail traders still losers?
How is it that everyone has access to the same information, yet only a small fraction of the trading population are profitable?
The short answer […]
A Consumer is someone who spends money to get a result, without necessarily understanding how the result is achieved.
For example, if I want a new bookshelf I might head over to Ikea and buy one. I’ll then take it home, […]