Author's posts
Oct 20
IG Markets Presentation 20.10.2012
This morning I attended the IG Markets seminar where Chris Weston presented the IG market update. To my surprise it was quite interesting and insightful. He showed a chart showing how Gold and the Euro are correlated. Their view is that as soon as the Euro breaches the 1.31 mark Gold will move to a …
Oct 15
Regret Aversion Bias
“People exhibiting regret aversion avoid taking decisive actions because they fear that, in hindsight, whatever course they select will prove less than optimal. Basically, this bias seeks to forestall the pain of regret associated with poor decision-making. It is a cognitive phenomenon that often arises in traders, causing them to hold onto losing positions for …
Sep 15
How Average People Think Differently From The Rich
Hi Guys I found this brilliant post on Forexfactory: http://www.forexfactory.com/showthread.php?t=384868 Average people think MONEY is the root of all evil. Rich people believe POVERTY is the root of all evil. Average people think selfishness is a vice. Rich people think selfishness is a virtue. Average people have a lottery mentality. Rich people have an action mentality. …
Aug 09
Richard Farleigh
Last night I went to the FXCM presentation to see Richard Farleigh speak. I was very disappointed that he only had a 1 hour slot as I think he had a lot of real great information to offer. Anyhow, what I really enjoyed about this presentation is that in my opinion he spoke about how …