PUBLIC MARKS from polyxena with tag investment

If the Martingale system is a joke - then the anti-Martingale is a seriously bad joke. As risk-management it leaves something to be desired.

Let’s just run through this scenario: 20,000 trades get placed simultaneously - or 20,000 attempts are made to get the same trade placed. Online brokers do tend to notice these things,

Bad news for the US economy, lower jobs, lower GDP, leads to lack of confidence Which leads to a rush towards safe haven currencies… Which leads to buying USD - because USD is in itself, considered a safe-haven currency… So bad US news leads to USD going up.

Camarilla Pivot Points are (unfortunately) covered in the same mystique as Fibonacci retracement - involving higher mathematics to produce a magic formula that somehow the markets are bound to follow

Balance of trade figures are another important facet of fundamental economic analysis. The trade balance compares exports versus imports for a given economy - sometimes the figures are broken into separate balances covering goods and services

The London Interbank Offered Rate is a daily reference rate based on the interest rates at which an institution (ie. a bank) can borrow unsecured funds from other institutions in the London wholesale money (or interbank) market.

The slightly frenzied attempts of day-traders to talk up the penny stocks they’ve just loaded into are amusing - for a while. As are the races to get as many off-topic followers as possible, just for the kudos of the numbers.

Golfers get the yips - darts player get dartitis…

It’s easy to include add-ons into MetaTrader - indicators, expert advisors (EAs), and other scripts, customising it to your particular requirements

I know this may seem fairly obvious to most, but news events aren’t what they’re talking about on the television financial news networks right now. That’s journalism, reportage, call it what ever you like. As useful information for placing trades in the retail forex market, it’s dead.

Bollinger bands are a great way of understanding market movements if you’re new to the forex game. Everybody uses them, and overall, the concept is relatively easy to understand.

Since the Euro, give or take, has been such a runaway success, stand by for another single currency. Coming your way some time, the khaleeji.

The boring stuff that you should probably know to be a successful trader - but never find the time to get round to reading

This is an old-style picture of the economy - the manufacturing sector. Maybe the markets pay too much attention to it, for old times sake - but if traders pay attention, it becomes important in itself.

It’s what I feel works for me, it’s been formed from my experiences, opinions, prejudices etc. You, on the other hand, may - hopefully will - have a completely different outlook and personality which is going to suit a different style of trading

It’s not like poker - just one of the many things it shouldn’t be like is poker. You think that edge-of-the-seat stuff, adrenalin rushes, a bit of healthy panic are going to be integral and vital to the whole game? If you think that’s how the big guys do it, operating as if supercool, suave casino habitués, then you’d be way wrong.

In very simple terms, volumes can be a good indication of who’s doing the buying and selling - is it large volume professional money going into the market, or is it just the smaller traders twitching the currencies around a little at the moment?

Thursday will have a similar deal - the European Central Bank (ECB) and the Bank of England announce their interest rates. The ECB is forecast - only forecast - to keep things the same, resisting any pressure to cut - which the larger members of the EU, France, Germany, would prefer - but others, Portugal, for example are dead against it.

We all can be guilty of it - decide to place a forex trade and then completely overlook the second part, deciding on the stops, take-profit or stop-loss - and this part is just as important in determining your profits (or limiting losses) at the end of the day.

Or ‘no interest’ accounts - more common nowadays across the internet are spot forex accounts that do not levy or pay swap interest. These are often referred to as an “Islamic Account” - because Islam prohibits the levying or paying out loan interest, which a forex trade is taken to be

Consider the situation if you’re dumb enough to think about letting someone else handle your investments. Yes, I’m thinking towards Bernard Madoff - crazy name, crazy guy - and Ponzi schemes. I had an interesting chat with a guy who knows about these things and his opinion was that these funds never started out as a Ponzi scheme, but due to structural weakness that’s exactly what they had to turn into in order to keep afloat.

Forex doesn’t do negative sentiment - if you reckon one currency is going to go down against another - well - buy the other currency. And you won’t be waiting for 2-3 years for a stagnant equity market to pick up again.

It’s never long when you’re starting out in forex before you come across a site offering an automatic forex trading tool. Avoid!

When you take a loss on a forex trade, the plain fact is you’re making an admission that you were plain wrong. And that’s uncomfortable - and that’s when all the avoidance mechanisms kick in.

The simple fact is, jaded, fatigued, your decision-making is not going to be better. There’s no argument against that.