A University of Cambridge research in 2003 found that almost one in five Britons suffered from what they described as “financial phobia”. Almost 50% of the sufferers experience a racing heart at the thought of managing their money, some 15% feel frozen and immobilised, another 12% feel ill while 11% become dizzy. The truth is that there are people who simply dislike managing financial matters. But the reality is that everyone must devote ...
Originally Posted by newdigital Flash Boys by Michael Lewis Flash Boys is about a small group of Wall Street guys who figure out that the U.S. stock market has been rigged for the benefit of insiders and that, post–financial crisis, the markets have become not more free but less, and more controlled by the big Wall Street banks. Working at different firms, they come to this realization separately; but after they discover one another, the flash boys band together ...
Trader and investor perception vs reality Have you ever felt the need to be on guard when buying a car, major appliance, new home, or anything that involves a sales person? Or, have you ever had a career in sales which means spending weeks if not months in advanced training sessions where the entire goal of the training is how to convince someone that they should pay $1000 for something that is really worth $200. When you’re the seller, it’s almost ...
U.S. Offered Berlin 'Five Eyes' Pact. Merkel Was Done With It U.S. Ambassador John Emerson made his way to the Foreign Ministry in Berlin armed with a plan to head off the worst diplomatic clash of Angela Merkel’s chancellorship. Emerson came to the July 9 meeting with an offer authorized in Washington: provide Germany a U.S. intelligence-sharing agreement resembling one available only to four other nations. The goal was ...
Market conditions change over time, prices are dynamic and constantly changing, and no trading day is ever exactly the same as the previous one. Volatility fluctuates and sometimes the market can seem quiet for a long time, only to erupt in a flurry of activity soon after. When the market becomes quiet for a while, I get a lot of people writing in, quite emotional, asking if there’s something “wrong with price action”. The fact is, there’s never anything ‘wrong’ with price action, ...
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