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Atricle Dump - So You Want to Trade the Financial Markets?
You may be a business, non-profit, public entity or association manager who has always viewed public relations through a tactical lens (press releases, broadcast plugs, brochures, plant tours, etcetera). In which case, you might react with shock and awe at an approach to public relations that instead, combines a sound strategy with effective communications tactics leading directly to the bottom line – perception altered, behavior modified, employer/client satisfied.As you hopefully switch from a tactical approach to one that emphasizes a st
Many of you will have read some of the books by well known technicians and traders, you will also have studied vari
Like every beginner, I have thought you could beat, pummel and thrash an idea into existence. Under such treatment, of course, any decent idea folds up its paws, turns on its back, fixes its eyes on eternity, and dies.- Ray BradburyThis is a key rule; create a contract with your subordinate that simply says: Your subordinates get the credit when things go well and you will take all the blame when things go wrong. The main reason subordinates will not take risks is that they are hung out to dry when things go wrong or someone else takes the credit when
Unlocking your own personal Market Methodology is a time consuming and sometimes frustrating pursuit. But a worthy venture nevertheless.
Some time ago in my career as a professional trader, I worked with a group of traders headed up by a maverick individual who had fathomed out his very own key to the door of trading success. An intelligent man, many of this gentleman’s ideas were both interesting and enlightening but many were also somewhat off the mark.
His ultimate idea was a trader training conveyor belt, with traders coming off the production line every few months. Not a new idea, this has been done before most notably by the Richard Dennis and the Turtle Traders, likewise ‘Trading Arcades’ abound in many major cities.
Interestingly enough, despite the maverick’s key to the door, not one profitable trader ever came off the trader training train. This point is worth noting, as he himself was successful, this raises several questions.
Given all the teaching that goes into these trading trains, and preparation for the market, is general ability in other spheres linked to trading ability? Can trading ability actually be taught? Perhaps the training is incorrect? Can trading ability be measured in any way prior to embarking on a career? Can you be tested for ‘trading ability’?
Statistics tell us that some 90% of people who trade financial markets lose money. How can this be and why is this so? Consider that many of the people who trade are highly qualified or highly intelligent individuals, who are successful in other fields, does this tell us anything?
Many of you will have read some of the books by well known technicians and traders, you will also have studied vario
For investors and entrepreneurs, the GO Zone has turned in to the "go to" zone for reaping financial gain-and giving back to ailing communities in the process. As many investors flock to the GO Zone to visualize financial gain, others are left wondering, "What is the GO Zone, and how do I get there?"What is it? Congress passed the Gulf Opportunity Zone Act after the 2005 hurricane season. GO Zone provides tax incentives and financial assistance for small businesses and residents affected by hurricanes Katrina, Rita, and Wilma. In addition, businesses parti
His ultimate idea was a trader training conveyor belt, with traders coming off the production line every few months. Not a new idea, this has been done before most notably by the Richard Dennis and the Turtle Traders, likewise ‘Trading Arcades’ abound in many major cities.
Interestingly enough, despite the maverick’s key to the door, not one profitable trader ever came off the trader training train. This point is worth noting, as he himself was successful, this raises several questions.
Given all the teaching that goes into these trading trains, and preparation for the market, is general ability in other spheres linked to trading ability? Can trading ability actually be taught? Perhaps the training is incorrect? Can trading ability be measured in any way prior to embarking on a career? Can you be tested for ‘trading ability’?
Statistics tell us that some 90% of people who trade financial markets lose money. How can this be and why is this so? Consider that many of the people who trade are highly qualified or highly intelligent individuals, who are successful in other fields, does this tell us anything?
Many of you will have read some of the books by well known technicians and traders, you will also have studied vari
Proper scheduling can make a noticeable difference in your sales and profits. Many stores schedule on employees needs instead of what is best for your customers. Yes, you need to consider your employees availability to work, but part of the hiring process should to consider the flexibility of the employee’s times to work.It is common in many large corporations to have their best employees to work days Monday- Friday. The problem is that most businesses are busiest during evenings and weekends. This means many large corporations fortunes rest on the cust
Interestingly enough, despite the maverick’s key to the door, not one profitable trader ever came off the trader training train. This point is worth noting, as he himself was successful, this raises several questions.
Given all the teaching that goes into these trading trains, and preparation for the market, is general ability in other spheres linked to trading ability? Can trading ability actually be taught? Perhaps the training is incorrect? Can trading ability be measured in any way prior to embarking on a career? Can you be tested for ‘trading ability’?
Statistics tell us that some 90% of people who trade financial markets lose money. How can this be and why is this so? Consider that many of the people who trade are highly qualified or highly intelligent individuals, who are successful in other fields, does this tell us anything?
Many of you will have read some of the books by well known technicians and traders, you will also have studied vari
Have you been thinking of getting your business on the information highway known as the Internet? Many people take a "do it yourself" approach with getting their business online with a website because of the low prices on web hosting and domain names. While it is okay to do things like this on your own, web design is a horse of a different color as they say. If you are not experienced with HTML, PHP, ASP, JPEG, and other web design elements, this is something that you really should think twice about before tackling on your own. Web design by an amateur invariably end
Statistics tell us that some 90% of people who trade financial markets lose money. How can this be and why is this so? Consider that many of the people who trade are highly qualified or highly intelligent individuals, who are successful in other fields, does this tell us anything?
Many of you will have read some of the books by well known technicians and traders, you will also have studied vari
Successful small business marketers need to develop a keen understanding of the 80/20 rule. Our profit margins and our budgets are both so small we simply must focus on the right kind of customers.And the right kind of prospects.But, little is written about focusing on the right kind of referrers.A Maven is a kind of “consumer super-helper”. In The Tipping Point Malcolm Gladwell describes this group of individuals who make it their pastime to discover where to get the best deal in town. Mavens don’t sell this information; they simp
Many of you will have read some of the books by well known technicians and traders, you will also have studied various in depth commentaries on how to trade markets, again books written by well known names and yet you will at best still be facing a position of break even in your trading. Is trading so hard that even after all the time spent, the technical analysis, charts and methodology consumed and digested that it is normal to be sitting at break even after this level of comprehension and understanding. Is this a normal situation?
Trading Intelligence appears to have nothing or very little to do with the way we view everyday subjects or situations. This has to be so, if you consider how many people who fail at trading who have succeeded to a certain level in other fields. You can very easily read about highly qualified people such as successful doctors, dentists or businessmen who start trading Stocks or Futures who wipe out a USD50K account in a matter of weeks. The story nearly always seems to end with the message that these people are very surprised about their losses. Normally for those concerned it is their first ‘failure’ in their lives so far. The conclusion must be therefore that whatever skills helped these people to succeed in their normal professions is of little or no use to them when trading.
So what is trading Intelligence?
Perhaps I should state what trading intelligence is not. Trading Intelligence is obviously not related to being able to read or interpret a myriad of confl
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