21.8 C
Friday, December 3, 2021


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

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...

Why Every New Zealand Business Should Be Promoting Their Domain Name Online

Over the last decade, and even the last five years, the online environment has gone to a new level. Google is incorporating artificial intelligence in understanding search query intent, and websites now provide just...
3 best regulated forex brokers in australia

3 Best Regulated Forex Brokers in Australia

Overview Where regulated forex brokers are concerned, Australian traders are not in short supply. Many forex brokers are based in Australia and regulated by several reputable entities such as the Australian Securities and Investment Commission...
the ultimate forex trading guide for you

The Ultimate Forex trading guide For You

If you want to make a huge profit from the comfort of your home, forex trading will give be an ideal option. As millions of new traders are entering into this global financial market,...
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 World Markets

SELL GBP/USD ENTRY:    1.2500 STOP:      1.2600 TARGET:  1.2100 RISK / REWARD: 100 points / 400 points BROKERS COMMENTARY: CITI Lightning struck thrice on the UK court case, BoE and better PMI print. GBP is left 1.2-1.4% higher vs. EUR and...
trading the rectangle chart pattern like a pro trader

Trading the rectangle chart pattern like a pro trader

Everyone knows the chart pattern trading strategy is one of the best ways to make big profits in the Forex market. Spotting the major chart patterns in the higher time frame is easy. But...
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...
how has covid changed investor behaviour on the australian stock exchange?

How has Covid changed investor behaviour on the Australian stock exchange?

Investor behaviour on the Australian stock exchange has changed considerably during the last 18 months. Before the pandemic, the S&P/ASX 200 Index soared to record levels and was in the midst of a bull...
understanding bull and bear kickers

Understanding Bull and Bear Kickers

Many traders use bull and bear traps because it is a trading setup that they can count on to produce positive returns. Kickers are a specific version of a trap. When the trap occurs...