It's quite an experience being a neutral at a high profile football match. I was lucky enough to get tickets to watch the Community Shield*, the curtain raiser to the English football season held each August. Unlike previous visits to Wembley stadium, (particularly the old stadium), I had no nerves, I could sit back, relax […]
Oh the irony. There must be many cynical readers of the various wires from Bloomberg, Reuters, The F.T etc who chuckled when they read the criticism of the poker site Full Tilt Poker. An indictment has accused three Internet poker companies; Full Tilt Poker, Absolute Poker and PokerStars and 11 people, including Full Tilt director
Pot Calling Kettle Black, U.S. Authority Calls Online Poker Site a Global Ponzi Scheme Read More »
[quote]He’s not the messiah, he’s a very naughty boy.. – Monty Python, Life Of Brian.[/quote] There was a time when politicians made an effort to set the moral agenda. However, given the refusal of leading politicians (in all countries) to accept any responsibility for their actions it comes as no surprise when the CEOs of
Falling on your sword is just so last century Read More »
Amongst the hundreds of trading books available the subject of money management is hardly ever discussed, the predominant content of trading books usually consists of strategies, patterns, formulas..This pattern of content is repeated on forex trading forums. Look closely at the visitor numbers on the sub forum categories and you'll quickly discover that the main
Understanding Positive Expectancy in Forex Trading Read More »
Chinese proverbs, you could spend an age reading the short stanzas whilst contemplating the meaning and being humbled by the wisdom of an ancient culture that has fashioned, reduced and compartmentalised certain life events into short dynamic phrases. Visions of Yoda like Chinese overlords, reverently musing their economic pearls of wisdom, in quiet whispers to
When the Tree Falls, the Monkeys Scatter – 树倒猢狲散 Read More »
As the saying goes; “a week is a long time in politics”, but in Silvio Berlusconi’s situation it’s been an incredibly short week. Last week he’s schmoozing Chinese officials in an attempt to woo China in the hope that China will become the de facto bank of last resort for Italy and indirectly prop up
Italy gets downgraded and now it's Berlusconi's turn to get boiled Read More »
Overtrading – the excessive buying and selling of securities by an investor in order to increase the probability of successful trades. Can the phenomena of over-trading be explained away by the singular use of a one line description, does this one sentence fully cater for all the nuances and complexity involved? It's suggested by many
The Misnomer of Over Trading and How It Differs from Impulsive Trading Read More »
One of the drawbacks of reporting financial news is that there are times when huge macro economic events completely dominate the financial news landscape. Greece and the Euro problem are THE issue of the moment and the markets and the mainstream and financial media just can’t move past the subject. “The only story that matters
Ancient Greek News and Obama's 'Buffett' Tax Read More »
There's been a subtle change on the high streets of the UK over recent years. Previously betting shops were mysterious smoke filled denizens where the errant uncle, father or grandfather wasted a proportion of his wages each week, (in between visits to the local pub), they're now clean, open inviting places offering a massive range
Is Forex Trading a Form of Gambling? Read More »
Germany’s ten biggest banks need €127 billion euros of additional capital the German newspaper Frankfurt Allgemeine Sonntagszeitung reported over the weekend, citing a study by economic research institute DIW. The paper quoted Dorothea Schaefer, a respected research director for financial markets at DIW, who predicts that the ratio of banks’ equity capital to balance sheet
Terminal Velocity, the IMF and Goldman Sachs Do The Math Read More »
