20.6 C
Thursday, January 20, 2022


Trading Global Markets

Investing should be more like watching paint dry or watching grass grow. If you want excitement, take $800 and go to Las Vegas

Paul Samuelson, Nobel Laureate for Economics

Trading Global Markets – Many retail investors struggle with the issue of whether “Trading” is actually “gambling” by another name. The simplest way to address this claim is that Trading is gambling if you want it to be!  With the best intentions many people open an online trading account and deposit funds only to become seduced by the flashing lights of world markets in constant motion. Subsequently they start pressing buttons in a fashion not dis-similar to an addict in a pokies palace. They may make some quick money and get a kick out of it but more than likely over the long run will lose.

This is Trading as Gambling.

By contrast, for those who strive to become successful traders there exist basic, repeatable principles for creating success in the market that can be learnt and mastered with the right mental attitude and discipline.

This is Trading!

As Curtis Faith states in his Book “The Way of the Turtle”1:

The secret of trading and of the Turtles’ success is that you can trade successfully by using ideas and concepts that are well known and have been around for years. But you have to follow those rules consistently

Curtis Faith

It is perhaps the psychological discipline required to build and follow a repeatable trading plan that differentiates a Trader from a Gambler in the market.

  • What were the results of your last 5 trades?
  • How did you make those particular decisions?
  • Were you Trading or Gambling?

1. “The Way of the Turtle: The Secret Methods that Turned Ordinary People into Legendary Traders” – by Curtis Faith

War and Oil: a Russian Tale

War and Oil: a Russian Tale   For over 10 years the world has been heading towards a major war and it would take a major changes in multinational organisations, several sovereign nations including the...
stainless steel fabrication- things you should know about

Stainless Steel Fabrication- Things You Should Know About

All of us have heard about the word stainless steel and have also used items made of it. The meaning of the word is already imbibed in the word itself that is “stainless”. The...

EUR/USD Forecast: Riding on the dollar’s weakness and eyeing 1.1490

EUR/USD is grinding its way higher, ignoring trade concerns. Tension is mounting ahead of the Fed decision. The technical picture is bullish for the pair. EUR/USD continues its gradual uptrend, reaching the mid 1.1400s. The...

How Web Hosting Can Make Or Mark Your Business Expansion Plans

For companies that depend on online traffic to succeed, reliable web hosting is a critical part of your business. Prioritising content on your website is good but web hosting shouldn’t take a back seat. With...
how can you trade from home and be a trading nomad

How Can You Trade from Home and Be a Trading Nomad

Trading is regarded as the best as well as the fastest way to make a profit. It is indeed true that a trader can earn a lot of money from business within a short...
Coal Does Not Have An Economic Future In Australia

Coal does not have an economic future in Australia

The closure of the Hazelwood mine has lessons for the future of coal in Australia. Global Warming Images/AAP Renewables are stealing the march over coal in Australia, and the international outlook is for lower coal...

Why Consider Dome Shelters For Your Business

Many businesses, big or small, are now embracing new trends when it comes to their building needs. Before, a permanent warehouse and office is the no-brainer solution to give employees a workplace where they...
can copy trading help you trade better

Can Copy Trading Help You Trade Better

The short answer is yes. The long answer is yes, and the reasons why it will help you trade better. Think back to when you were in school, and you didn’t know how to write. Over...
trading for beginners – learn smart trading strategies

Trading for Beginners – Learn Smart Trading Strategies

Are you new to the world of trading? We have come up with perfect trading strategies for you that will help you reduce losses and maximize profits; Consider Trading as a Business: Trading as...
Australia’s Un Report Card: Making Progress, Could Do Better On Inequality And Climate

Australia’s UN report card: making progress, could do better on inequality and climate

A sign of a drier, hotter planet? Australia is nowhere near meeting even the modest target of a 26% emissions reduction by 2030. David Mariuz/AAP Visiting drought-affected farmland in NSW last week, new PM Scott...