Four stages of competence

I still remember when I started learning  guitar, I struggle a lot. Unlike my friends, they pick up the skill in a such an easy way, they just need to do some google+ing and youtube+ing and bingo, they just know how to play.

Due to my persistent temperament, I have this die die must master it mentality, in the end, I spend hundreds of dollars to went for guitar courses, to discover what I don’t know, I don’t know.

Then, I realized in the process to master a skill, there is this four stages of learning/competence.

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The Key Things On Forex That You Must Know: Forex Correlation and Forex Triad

Correlations play a BIG role in trading, and in Forex trading especially. As Forex traders, we trade international currencies from different countries from all around the world. Currencies are issued by central banks and are used for international trade, investing and to control economies. The value of a currency has a direct impact on an economy, the outlook for a country, commodities, stock markets and the spending behavior of people. At the same time, currencies are influenced by many different factors such as inflation, interest rates, employment and many more.

In this article, I will explain what correlations are, how to use them and which ones to pay attention to in particular.

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The 11 Trading Rules And Principles Of A Market Wizard – Marty Schwartz

Full credit to: Rolf, Tradeciety

My first trading book is Pit Bull: Lessons from Wall Street’s Champion Trader by Marty Schwartz. He is one of my favorite trader from the Market Wizards book . There are 11 of his personal trading rules and principles, which I also use to some degree in my own trading, that could help other traders improve their own trading and provide some insights how a professional trader approaches trading. So let us examine what are these 11 rules.

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My Trading Style and Strategy

I seldom talk about my own trading strategy and most of the time my article share about common strategy that other traders or market players that they apply.

Today I will be sharing with you, what kind of trading style and strategy that I used to help me generate average return of 10% every month

(the return just based on my past performance as past performance is not indication of future result).

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Market insiders selling at the top to retail investors. Is the crash near?

Optimism about U.S. President Donald Trump’s pro-growth economic agenda has lifted U.S. equities to record high territory, with the Dow marking its ninth straight record close on Wednesday.

Overall, U.S. stocks are now up almost 15% since the election, boosted by Trump’s promises of tax reform, infrastructure spending and bank regulation.

The tremendously high valuations has led to some hedge funds to bet that the rally is coming to an end, as enthusiasm over Trump’s policies is overdone and political risk in Europe isn’t priced in.

The level of shorts – a bet that a stock will fall – taken out against the Dow Jones Industrial Average jumped 13% in the 30 days to February 20.

In addition, the first seven weeks of this year have seen insiders selling 5.5-times as many shares as they bought, meaning that insiders are dumping shares at an aggressive pace.

This comes at a time when retail investors are jumping into the market looking to make some quick gains.

Trump has been credited with being a major catalyst behind Wall Street’s impressive rally since election day, with some dubbing it the “Trump Jump”, as investors welcomed his promises of tax reform, infrastructure spending and deregulation.

However, recent gains have led to speculation of a near-term reversal with some fund manager likening the current stock market euphoria to the dotcom bubble, which reached a peak on the last day of 1999 and then burst dramatically.

The question remains, who or what will be the cause of the reversal.

 

Credit to: Investing.com

What is the ‘Dodd-Frank Wall Street Reform and Consumer Protection Act ‘

The Dodd-Frank Wall Street Reform and Consumer Protection Act is a massive piece of financial reform legislation passed by the Obama administration in 2010 as a response to the financial crisis of 2008. Named after sponsors U.S. Senator Christopher J. Dodd and U.S. Representative Barney Frank, the act’s numerous provisions, spelled out over roughly 2,300 pages, are being implemented over a period of several years and are intended to decrease various risks in the U.S. financial system. The act established a number of new government agencies tasked with overseeing various components of the act and by extension various aspects of the banking system. President Donald Trump has pledged to repeal Dodd-Frank.

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Market Correction as high as 50% Is Impossible? Don’t think it can happen?

So i stumbled this article today and I think is pretty interesting to share with my readers. I have been bearish since end of 2015 and it is quite insulting to see the market trade against my view, well, we are talking about Mr.Market don’t we.

Nevertheless, as a trader we need to know when we shouldn’t trade and obey to our rules. There are always opportunity for us to come back to reap a great profit rather take unnecessary risk.

Below is a good article where i share the same view with the author.

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