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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The “Michael Jordan of trading” is now table-poundingly bullish on gold. And the Reserve Bank of India may have just made him look like a prophet... John Paulson (no relation to Hank) is widely...div class="feedflare" a href="http://feeds.taipanpublishinggroup.com/~ff/taipan?a=dMcbimDGhHo:FGQV1WAidn4:yIl2AUoC8zA"img src="http://feeds.feedburner.com/~ff/taipan?d=yIl2AUoC8zA" border="0"/img/a a href="http://feeds.taipanpublishinggroup.com/~ff/taipan?a=dMcbimDGhHo:FGQV1WAidn4:V_sGLiPBpWU"img src="http://feeds.feedburner.com/~ff/taipan?i=dMcbimDGhHo:FGQV1WAidn4:V_sGLiPBpWU" border="0"/img/a a href="http://feeds.taipanpublishinggroup.com/~ff/taipan?a=dMcbimDGhHo:FGQV1WAidn4:F7zBnMyn0Lo"img src="http://feeds.feedburner.com/~ff/taipan?i=dMcbimDGhHo:FGQV1WAidn4:F7zBnMyn0Lo" border="0"/img/a a href="http://feeds.taipanpublishinggroup.com/~ff/taipan?a=dMcbimDGhHo:FGQV1WAidn4:wd9GD17jvC4"img src="http://feeds.feedburner.com/~ff/taipan?d=wd9GD17jvC4" border="0"/img/a a href="http://feeds.taipanpublishinggroup.com/~ff/taipan?a=dMcbimDGhHo:FGQV1WAidn4:l6gmwiTKsz0"img src="http://feeds.feedburner.com/~ff/taipan?d=l6gmwiTKsz0" border="0"/img/a /divimg src="http://feeds.feedburner.com/~r/taipan/~4/dMcbimDGhHo" height="1" width="1"/

SOME THOUGHTS ON THE PSYCHOLOGY OF TRADING

 

ARE TRADERS BORN OR MADE?:  I like this quote, “A lot of the best traders are stubborn iconoclasts who are willing to challenge conventional wisdom, identify an edge and stick to it. The noise of the world doesn’t deter them from their inner convictions.”

PROFESSIONAL TRADERS MAKE MONEY BY PATIENTLY WAITING:  “Independent traders have the luxury of picking and choosing their trades. They don’t have to trade all of the time. This is their edge. They can wait until the market patterns are working for them.”

BUY HIGH AND SELL LOW:  “Our emotions are not our friends when it comes to investing. Relying on emotions is a quick way to buy high and sell low. This is because people give into their greed when they see everyone else

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PennyOmega.com Hot Stock News & Alerts!

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Tuesday September 1st, 2009

PennyOmega.com Stock Report!

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Atlas Oil and Gas, Inc. (OTCBB:AOLG), which focuses on the potential for major exploration and production reclamation projects in the oil and gas sector, today received approval from the Financial Industry Regulatory Authority (FINRA) to change its corporate name to Cheyenne Resources Corp., and its trading symbol to CYRS on the

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Here at “A Dash” we like the comparisons between analyzing sports and analyzing markets.  There is much more data in sports, and the risk/reward calculations are similar.

When it comes to the NBA, we are zeroed in on the Michael Jordan era.  To celebrate a birthday party for a famed Chicago options trader, one of our friends sent invitations to a party — dinner and Bulls tickets for a playoff game that night.  Attendance was excellent!

Can We Learn from the NBA?

Shrugging off the current Bulls record, we try to remain open to new information.  In particular, is there any relevance for investors?

Investment experts are weighing in on the Shane Battier article by Michael Lewis.  In a reprise of Moneyball, Lewis shows how Battier is more valuable than his obvious stats indicate.  Briefly put, he makes everyone on his team better — …

By William Patalon III Executive Editor Money Morning/The Money Map Report U.S. Federal Reserve Chairman Ben S. Bernanke didn’t use the "S" word - stagflation - but he might as well have. On Friday, the U.S. central bank chief said that the financial crisis that has hammered the U.S. market is combining with rising inflation to eviscerate American economy. Together, the two forces are making it extremely difficult for the Fed to restore economic stability in the U.S. market. Bernanke apparently welcomed the recent drop-off in the prices of oil and other key commodities - and says that inflationary pressures will moderate over the next year and a half, but also cautioned that the current inflation outlook remains highly uncertain. The upshot: The Fed will monitor the economic situation closely and will "act as necessary" to make sure that inflation doesn’t get out of ...