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Mindset of a Profitable Trader

posted by Forex 1423 days ago in Trading Psychology made popular 1423 days ago

Just as important as controlling risk (money management), traders also needs to have confident in oneself. Traders need to know that even with a profitable trading system; one could also have numerous losses in a row.

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Who Will Win When Oil Hits $200 And How You Can Clean-Up Too

posted by sovsoc100 1423 days ago in Daily made popular 1423 days ago

Okay, so the question is: Who will benefit from these sky-high oil prices in "currency land?"

If you can figure out who holds the oil and exports tons of it, then you can see who will benefit over the years. After all, the cost of pulling it

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Gold Backs Away From Multi-Month High

posted by nancypants 1423 days ago in USD, Gold made popular 1423 days ago

Gold backed away from its multi-month high on Thursday as traders prepared for the holiday weekend. August gold moved to $932.00, down $14.50 on the session. Prices traded between $925 and $950 through the early morning.

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Paulson Stresses Goal Of “Market Stability”

posted by pipsmgee 1424 days ago in USD, Fundamental made popular 1424 days ago

Treasury Secretary Henry Paulson said Wednesday that the number one goal for regulators should be “market stability,” and encouraged strengthened market discipline to dismiss the notion that institutions may be too big to fail.

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Which Is Better -- Strong or Weak US Dollar?

posted by MarcB 1424 days ago in USD, Sentiment, Daily made popular 1424 days ago

Oil and the U.S. dollar -- they're the talk of the town of late. The declining value of the dollar has often been cited as a major factor behind surging oil prices, which topped $143 a barrel Tuesday.

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Euro Moves Higher Ahead Of Rate Decision

posted by fxhottie 1424 days ago in EUR, Inflation made popular 1424 days ago

The euro moved higher against other majors on Wednesday in New York as traders looked ahead to the European Central Bank's rate decision on Thursday. The European currency reached near-term highs against the dollar and sterling on Wednesday. Inve

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ECB's Trichet Warns of "Explosion" in Inflation

posted by fxhottie 1424 days ago in EUR, Inflation made popular 1424 days ago

There is a risk inflation will "explode" if the European Central Bank does not act decisively to counter it, ECB President Jean-Claude Trichet was quoted on Wednesday as saying.

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ADP Surprises With Biggest Job Loss in Nearly 6 Years

posted by nancypants 1424 days ago in USD, Employment made popular 1424 days ago

U.S. private-sector employers slashed 79,000 jobs in June, the largest drop since November 2002, according to a report by ADP Employer Services released Wednesday that may spell bad news for the government's labor market report later this week.

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MOT #49 - What Do We Do Now?

posted by wiredprg 1426 days ago in Trading Psychology

How long do we wait to get started when we face something new? Are we being held captive by the desire to have everything perfect before we begin? Do we want to be sure that we will not have any problems or failures before we get going? The only t...

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Buffett vs. Bernanke: The inflation showdown

posted by odell 1426 days ago in USD, Inflation

The billionaire investor says inflation is 'exploding,' but the Fed believes commodity price shocks should subside.

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The Budget Deficit and Declining Dollar

posted by trade2win 1429 days ago in USD, Fundamental made popular 1424 days ago

People always complain about the falling dollar, and the rising prices of gas and food, but I think few realize how the dollar’s fall, and rising oil and food costs, are intimately linked to the government (and trade) deficit.

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Cross-Talk: Thoughts on Financial Planning in a Challenging

posted by dollardude 1440 days ago in Trading Psychology made popular 1436 days ago

It's difficult for me to balance what we know about the major theme of government fiscal irresponsibility with short to medium term trends...

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