We don’t derive satisfaction from gaining pips only or through some elusive Holy Grail. Disciplined traders get satisfaction from doing what they know is really right, even when they take losses occasionally. Some hate loss to the extent that, if he were a person, he would be lynched. Only a lack of knowledge would make someone give up trading because of a losing streak – something that market wizards know is normal and they constantly anticipate and control successfully. Expert traders measure real satisfaction from their level...
British Prime Minister David Cameron announced plans for a referendum on EU membership during his speech in central London this morning. He noted that public misconception and disillusionment is about remaining member of the EU is at an all-time high and claimed that should he be re-elected he would ask British citizens if they want to remain a member of the EU or if they would like to leave the union and chart their own path. Cameron insisted that he is not a British isolationist, but would like for the UK to revisit and renegotiate terms...
“Life itself is a risky enterprise. Sometimes we fly high, enjoying great success. But then suddenly we fall into deep disappointments and the haunting reality of a failure, leaving our hearts wondering if there is anything worth looking forward to.” – Joe Stowell There are super traders all around the world. If you don’t know them, I know some of them. They earn their livelihood by trading and they’re financially free. Now the question is: Who’s the best trader in the world? Indeed, the best trader...
Japan, under the new old leadership of Shinzo Abe, has rung in a new era of currency wars. The return of ‘Abenomics’ has vowed to devalue the Japanese Yen and since November the Yen has dropped double digits against all major currencies. According to Deputy Economy Minister Nishimura the collapse of the Yen is not over and he hinted that Japan would like to see the USDJPY at 100. A weak Yen is good for Japanese exporters and an economy which has been in a recession for since 1999, but it makes imports more expensive which is why...
Ireland and the Irish bailout was the sole success story of all the bailout in the Eurozone. It was the only one that seemed to function as desired and Ireland turned around rather fast and was placed on the path to recovery. Whenever bailout talks were held Ireland was mentioned as a success story which screamed for a repeat. On the surface it all looked like a transaction well structured, but when you dig a bit deeper the problems start to appear. It is true that the Irish banking system is in recovery mode, but it is now threatened by...
