MarketClub Trader’s Blog I hope I'm not dating myself too much, but I remember when the neighborhood chain drugstore was almost a one-stop shop for human needs. For example, you dropped off your film to get developed. You could get the ointment for that embarrassing itch. You could even get a BLT and some fries. (Not necessarily in that order.) The BLTs and fries are long gone, but the chain drugstore on the neighborhood corner has continued to evolve and embed itself into our daily lives. By far, the two biggest players in the drugstore space are Walgreen Co. Article source: THE FINANCIAL PHILOSOPHER The Inoculated Investor Felix Salmon | What I'm up to around the web Slope of Hope with Tim Knight Afraid To Trade - By Corey Rosenbloom If you want to be successful trader understand the psychology of Why you need to understand psychology of expertise The primary challenge for novice trader is of building expertise. To become a better trader you must have a good understanding of psychology of expertise acquisition. What is an expert. Ability to trade profitably is not about trading knowledge. Domain Specific expertise is key. Trading is a complex skill. In process term if you want to learn to trade well you need to develop expertise in specific task of trading a specific setup. Become an expert in a setup or timeframe What it means in practical terms is you have to narrow down your expertise building process to a method or a set up or a time frame or a instrument. The Episodic Pivots boot camp is specifically designed for developing expertise in a specific domain. What does it take to be successful trader Behind every performance skill there is ton of practice. The ability to persist in face of obstacle is something which separates most successful traders from those who attempt it. 1.
The Big Picture Economic Research - Daily Global Commentary - Northern Trust In a currency war, everyone loses April 18, 2014 View PDF version Our warm wishes to those observing holidays this weekend. I have a drawer full of foreign currency at home. Besides, the contents of that drawer may be the best-performing asset class in my portfolio. It may be time to reallocate. Let me say at the outset that I am not the foremost currency strategist in the bank. From my perspective, the American dollar has been surprisingly weak against some key counterparts. Having a strong currency may be nice for travelers, but it annoys exporters. Recent attention has focused on China’s decision to broaden the trading band for the renminbi (RMB). Like their Asian neighbors, the Chinese have been somewhat perturbed by the mountain of quantitative ease introduced by the Bank of Japan. Moving west, Mario Draghi, president of the European Central Bank (ECB), chimed in last week with a threat to take monetary steps to address what he sees as an overly strong euro. Mr. A Fund for Good
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