The End of the Gold Standard In 1971, President Richard Nixon made an economic decision that would forever change the global financial landscape. By removing the United States from the gold standard, he detached the U.S. dollar from its gold-backing and radically reshaped how currencies function. But why did Nixon feel compelled to make such [...]
Over the weekend, I had a conversation with one of my clients who had read my recent blog discussing the similarities between chess and trading. Admittedly, my chess skills are not exceptional. However, during our discussion, we delved into the intriguing topic of the En Passant move. Inspired by our conversation, I decided to write [...]
The “Trader's Mindset” micro-blog is the perfect source of inspiration to help you stay focused, determined, and motivated on your trading journey. Mastering Trading Success: Understanding Probabilities and Risk Management As traders become more experienced and successful, they realize that more than simply having more market knowledge is needed to guarantee success. Instead, they understand [...]
Title: Candlestick Charting Explained Author: Greg Morris "Candlestick Charting Explained" is a comprehensive guide to understanding the art of candlestick charting, a popular technique traders use to predict market trends and better analyze financial markets. Gregory Morris, the author of this book, delves into the nuances of candlestick patterns, explores their historical roots in Japanese rice [...]
Systematic Advantage #18: Better than watching the markets all-day Systematic trading offers traders numerous benefits, like reducing the need for constant market monitoring. With clear criteria for entering and exiting trades, systematic trading can automate the entire process without requiring traders to monitor the market constantly. This, in turn, creates more time for traders to [...]
Chess and Trading: A Tale of Strategy, Risk, and Decision-Making Chess, a centuries-old game of skill and strategy, and trading, the modern-day art of buying and selling assets, may seem wildly different. However, when we delve deeper, we uncover striking similarities in risk mitigation, pattern recognition, and decision-making under stress. This blog post will explore [...]
The “Trader's Mindset” micro-blog is the perfect source of inspiration to help you stay focused, determined, and motivated on your trading journey. The Flexible Mindset: Why Great Traders Embrace Challenges and Opportunities for Success Great traders are known for their ability to view a situation from multiple perspectives, acknowledging the pros and cons of any [...]
Systematic Advantage #17: Systems allow you to test an idea before you risk your capital Backtesting is an essential tool for traders that helps them evaluate their investment strategies without investing actual funds. Backtesting allows users to create virtual portfolios and analyze potential outcomes in different market conditions using historical data to perform simulations. With [...]
The “Trader's Mindset” micro-blog is the perfect source of inspiration to help you stay focused, determined, and motivated on your trading journey. Mistakes are a Part of the Learning Process Trading can be a challenging and unpredictable world, where mistakes can have serious financial consequences. It's natural to feel frustrated and upset when things don't [...]
Title: Seasonal Stock Market Trends Author: Jay Kaeppel Messaging and Thesis "Seasonal Stock Market Trends," written by Jay Kaeppel, primarily focuses on the often-overlooked impact of seasonality and cyclical patterns on market performance. The book helps readers understand how to gain a profitable edge in trading by analyzing recurring trends and patterns that occasionally emerge in the [...]
