Pride cometh before the fall.

How to Loose a Billion ( excellent article )

There seems to be a common thread in all these stories; and that's the arrogance of the traders. That and the inability to cut their loses. These guy's become so emotionally invested in their trades that they can't cut them lose. Their arrogance ...

How to Loose a Billion ( excellent article )

Ditto! Trading is a lot like hitting a baseball. You have to know which pitches you hit best and be patient enough to hit the pitches in your zone. In trading this translates to knowing and understanding how well your system works and having the ...

Thoughts on Trading Psychology

You make some good points. I have yet to see anybody be able to predict with any degree of accuracy when a market is going go from a trending market to a ranging one or vice versa. One way to deal with this with trend following indicators it having ...

how to handle trend change?

Take a good economics course at a local college or university. The economics course I took in college seriously opened my eyes in terms of how I look at the world and it really helped me understand how economic news and events can effect the ...

I need to learn more about economics and how they move markets. where to start?

It's been my experience that position trading requires either more capital or smaller position sizes than either swing trading or day trading. I have to wonder how many traders actually make the link between their respective trading style, position ...

trading systems vs account size

How much does the beef industry contribute to the overall economy in the U.K? The answer to the question will tell you how much of an effect it will have on the Pound.

Affects of Hoof and Mouth in UK

You haven't factored in how long a position has been held. If a trader was long USD/JPY, AUD/JPY, NZD/JPY, GBP/JPY or EUR/JPY for the past four months they would have reaped a significant gain on their trades even with the recent downturn. I don't ...

Day Trading vs. Swing Trading vs. Position Trading

So right now are you long USD/JPY, GBP/JPY, AUD/JPY, CAD/JPY, or NZD/JPY?. I'd like to if so, what's your risk tolerence?

Axioms of trading

Personally I don't think there is anything close to a Holy Grail. Just about any trading system developed will have some inherent weakness. A good trader will understand his/her system and understand its strenghts and weaknesses. And use the ...

Axioms of trading

It would seem that each time there is bad news about the current problems with the U.S mortgage market and mortgage backed bonds or mortgage related securities two things happen; just about every major stock exchange in the world takes a dive, and ...

Is This The End of the Yen Carry Trade?

I think the best thing is to take this whole downturn of the carry trade one day at a time. Right now, I don't think anybody really knows how deep this correction will be or how long it will last.

NZD/USD, CAD/JPY, EUR/AUD, GBP/CHF, falling off the cliff together--

You make an excellent point, when people are panicking, from a speculators standpoint it's the best time to make money.

Is This The End of the Yen Carry Trade?

We really don't know how many non-U.S. banks and hedge funds brought either sub-prime mortgage backed securities or deriviatives. That's one of the consequences of globilization. Capital flows across borders much more freely than any time in ...

Is This The End of the Yen Carry Trade?

Actually I beg to differ. The wide swings in this particular pair actually favor the position trader. Why? A position trader can ride out the short term volatility and catch the long term trend. Since late March the GBP/JPY was around 225. It's ...

Day Trading vs. Swing Trading vs. Position Trading

With the release of a very negative report on new U.S. housing sales the Yen has gained against just about every major currency. There seems to be a direct correlation between the problems in the U.S. debt markets and people involved in the Yen ...

Daily GBP/JPY analysis

My advice; take some time learn about fundamental and technical analysis. Do some paper trading, some demo trading, then open a small account to get started. Then think about trading for a living. You've got the cart before the horse. Trading is all ...

Trading Full Time...