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Archive for April 8, 2013


Planning your trade sounds like one of the most straightforward aspects to trading. Perhaps you sit down during the FUNNYevening, scouring charts for the technical setups that you plan to enter the following day and go to sleep confident that the entry, stop and take-profit levels give you a high probability of success. This type of thorough planning is your key to success and the one thing which will provide you an edge when the market opens the following morning. This leaves the question of why so much of this planning goes out of the window as soon as you sit down in front of the live market the following day.

Failing to follow your trading plan is the single most influential element in losing money in any financial market. Similar to opening a bakery and deciding to sell shoes, losing focus on a trading plan creates confusion and, more dangerously, lets your emotions dictate the trade. Many traders prefer mechanical or even automatic trading systems for this very reason; the simple inability to follow their own trading plan and adhere strictly to the rules. Continue reading

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BITCOIN has been the buzz word these days after the crisis . What in the world is a BITCOIN?”images
Let’s start by looking at our current monetary system. In most countries, a small tiny banking elite exercises total control over that nation’s money supply. And we’re just supposed to trust them to be good guys.

Yet central bankers around the world have conjured trillions of dollars out of thin air, debasing the money’s value. It’s a concept any six-year old can understand. If money grew on trees, it wouldn’t be worth very much.
This is one of the key reasons why people buy gold. You can’t just conjure gold out of thin air. It takes years of exploration and investment to pull it out of the ground. In the information age, though, we have an alternative. Continue reading

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