Today’s guest blogger is “Forex” Joe Atkins the Chief Strategist of OU Forex Trading. He blogged last week about preparing for 2010 and today he dives into what he, and most experts, consider the greatest trading tool of all: Your Mind!

Joe’s latest project “OU Forex Mastery” is now live and there are a number of excellent videos there for you to check out. So enjoy the article, comment below, and learn from his videos.

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I’m a student like everyone else here on the Trader’s Blog. Some students are more advanced or experienced, while other students are not. I’m committed to helping emerging and developing students reach their full potential by providing an educational portal of substance focusing on trading methodology that works.

Besides becoming proficient with any trading methodology, one absolute remains: you must develop above average

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From the Financial Times article on Dmitry Medvedev's ordering of a probe into state-owned corporations.

The president has positioned himself as more liberal than his predecessor, often vowing to cut red tape and limit Russia's vast bureaucracy in favour of boosting private business. But so far little has been done.

"Medvedev needs to look like he is doing something about the protests," said Roland Nash, chief strategist at Renaissance Capital, the Moscow investment bank.

Curbing the "massive inefficiencies across government and the state corporations would be a good place to start," said Mr Nash.

But he added that the probes could turn out be little more than window dressing. "He has said a lot in the past with very little coming out of it. We would need to see some proof before we can have faith in any big change."

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In the currency market, the dollar moved higher again against the euro. Late Tuesday, the euro was trading at $1.3918 vs. $1.3986 on Monday. The buck has been benefiting lately from weak world equity markets, as investors begin to exhibit greater risk aversion.

The euro got an initial boost as the Economy Ministry in Berlin said German factory orders expanded 4.4% in April. That marked the biggest advance in two years for the zone’s largest economy, but its influence petered out quickly.

A lack of clear direction could be ongoing. “The markets are looking very indecisive at this point,” said T.J. Marta, chief strategist at Marta on the Markets. “It could be the exhaustion of investors and traders, having just priced in — and then out — financial Armageddon. It could also be the cross currents of data, as investors are barraged by conflicting reports.”

There is also caution ahead of

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