Napoleon complex is a term for describing an alleged type of inferiority complex said to affect men who are short in stature. The term is used more generally to describe people who are driven by a perceived handicap to overcompensate in other aspects of their lives. The Napoleon complex is named after French Emperor Napoleon […]
What Does Columbus Day and the Napoleon Complex Have in Common? Read More »
The usual question relating to using a demo account normally consists of how long to remain in demo account before moving up to trading the real market with real money. However, there are overlooked benefits of using demo accounts over and above that one dimensional question and the fact that many experienced and profitable forex
What a spoilsport, just when the market had begun to buy the narrative from the Merkozy conjoinment along comes the chairman of euro zone finance ministers, Jean-Claude Juncker stating, (late in the evening during an Austrian television interview), that a compulsory write-down of 50 to 60 percent of Greek debt may be unavoidable. [quote]I do
Jean Claude Juncker Gives the Markets Their Drop the Bacon Toasties Moment Read More »
[quote]Plan the trades and trade the plan[/quote] How often do we read or hear this title without really contemplating the full meaning? It's become such a glib and over used phrase in our wider industry that most traders, (particularly those new to the industry), fail to realise the full impact of the phrase or the
Fail to Plan and You Plan to Fail Read More »
Dexia bank, the bank with a global credit risk exposure of $700 billion (more than twice Greece’s total default ‘risk’ loss) is being watched closely for signs that Europe might be capable of decisive action to resolve its banking crisis. Dexia, who used short-term funding to finance long-term lending, experienced credit evaporating as the euro
No Middle East ‘Sugar Daddy’ on the Horizon to Rescue the Eurozone Crisis Read More »
The word "drawdown" is one, (if not the most), negative words used in the trading industry. Despite the inevitability of us experiencing drawdowns during our trading career its symmetric relationship with the words "failure" and "loss" make it a difficult concept to contend with. It not only 'hurts' the trader's account, but also inflicts psychological
Be Quick on the Draw in Order to Draw a Line Under Your Drawdown Read More »
Apologies for mixing up two metaphors in the title, I did consider three, (Pandora’s box could have easily been slipped in) but two distinct ‘events’ over recent days have lit the touch paper..oops..there’s the third metaphor. One event moved passed jaw jaw into war war versus a specific economic malaise, the other remains deeply entrenched
Will Opening Up the Can of Worms Light The Powder Keg? Read More »
Having discussed at length the position size calculator in a previous article, we thought it might be an opportune time to discuss other forex tools which should prove useful as part of your armoury of weapons to take on the FX market. These tools fall outside the normal scope available from your FX broker and
Picking the Right Forex Tools to Aid Your Trading Progress Read More »
As Forex traders we have to come to terms with the elements of trading that are completely out of our control. In order to progress we have to accept, (even begin to embrace), that lack of control very early on in our personal trading evolution. Price is obviously the most prominent trading factor bar none
The Mathematics of Money Management in Forex Trading Read More »
Ahead of the G20 summit scheduled for November EU ministers and policy makers will come under increasing pressure to create and ultimately ratify an agreement in relation to the direction and shape the overall Eurozone rescue package will take. Simon Maughan, head of sales and distribution at MF Global Ltd. in London, said in a
Moody's Downgrade UK Banks the Day After QE is Announced Read More »
