The Financial Ombudsman Service (FOS) in a profound act of ignorance and nannying has called for a ban on investors trading derivatives such as CFDs until they can prove that they are capable of doing so. ”In our experience, the only investors who trade in CFDs successfully are sophisticated traders who watch and manage their…Details
You might ask what do traffic jams have to do with trading but have a look at the graphic below and think about how natural systems have a tendency to bunch, trend and have differing level of synchronization. Traders often think that markets are somehow distinct from the natural world – I think this view…Details
THE capuchin monkeys working with economist Keith Chen and psychologist Laurie Santos know a good bargain when they see one. They use metal chips as money, buying bits of apple or cucumber from humans, and they seem to know what they’re doing. When the researchers make apple cheaper than cucumber – offering more food for…Details
One of the most troubling thing I find about new arrivals to our mentor program is their reliance upon external sources of news and the profound cluttering effect this has upon their thinking. This paper gives 15 reasons why the news is bad for you . Avoid_News_Part1_TEXT In summary they are – News misleads systematically…Details
As a self confessed grumpy bastard I found this article rather refreshing.
Traders often complain about ranging markets and the difficulties they present. However, this is once again a reflection of the short sightedness that traders have and the belief that if the market is not doing something, whatever that something may be then it will never do anything ever again. I have a slightly different view…Details
Snapped before the close – the market does not seem in a hurry to go down.
I love a good Benny Hill moment. This is a make yourself a little smarter post so pay attention blogophytes’ Here is a test for you – get a box of muesli that contains nuts and jiggle it. Surprisingly after vigorous jiggling the heavier nuts have risen to the top and the lighter other bits…Details