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Great post! I LOVED the Millionaire Next Door. Especially the opening, where they assemble a table full of fancy food and single malt scotches, and the first little old millionaire shows up in a cheap suit and wants to know where the hell the Budweiser is. The poor people think the rich...

What should happen and what does happen are two different things. Anyone can sue you for anything, no matter how little sense it makes, and you are then obligated to spend your time and money responding. This is the main reason I will not teach anyone to trade and will not trade for anyone...

And how about: 15. Trader is afraid that if he teaches someone else how to trade and they lose money using his method, they will sue him.

The people who would see themselves in it (might I say, should see themselves in it) would be insulted--and I don't mean by the crudeness. Or maybe the ones who don't see themselves in it, need it the most?

I nearly came unglued when Apple came out with this slogan: Think Different It's galling to me when one of the most lauded companies in the world glorifies ignorance.

Sorry to burst your bubble, but I'd rather be intelligent. I can always make the money back again. Dumb people can make money, but rich people cannot become intelligent. I love this post. The bad grammar example that makes me crazy is "if" versus "whether," as in: "Making the trade...

The Governor's Mansion is a state park? LOL. Schwartzie can go live under a bridge. I am so glad I moved and am not paying 9% tax to that SOB any more.

It is food for thought. I have been known on occasion to say things like, "I think (fill in public figure here) should be taken out and shot." The fact is that I would never contemplate actually doing such a thing. I can hardly smash a spider in my house. But the listener does not...

If the US government confiscates physical gold, do you think it would still be possible for retail traders to trade spot gold using cash-settled transactions?

Also--I meant to make a response to the previously offered statement that you have to know which way the market is going to move to trade options. This is not true, unless you are using only directional trades. Options have two big things going for them. 1. You can trade volatility, which...

Love it. Wish I could show it to a few people.

When I see a question like this, my mind goes to the turtles thing. Maybe the answer to your question is that most people, at some level, don't really want to learn. If you gave them the keys to the kingdom, they wouldn't use them. They want to find a short cut, tweak the system somehow...

I have a One Hundred Trillion Dollar bill from Zimbabwe. You cannot, of course, buy anything in Zimbabwe or anywhere else with it. They give them out to the tourists to amuse them. In case you are wondering, the cape buffalo is on the hundred trillion. I suppose inflation is limited by...

The people who are saying to read some books, trade small lot sizes and keep a trading journal are right on. It is a bit of work to learn to trade options successfully. Anyone in the options business who says that you don't need to know how a car works in order to drive one is scamming...

You might want to take a look at some of the etfs: FXE, FXY, etc. There are some others that trade against each other (not vs. the dollar) but they are less liquid.

I'm reading some Web sites about trading currencies. I'm a total beginner here--I don't even know enough to paper trade yet. Here are two different examples from the same site (forexrealm.com). They seem to contradict one another. Probably it's me, though. Could it be that one example...

Some. Using wide butterflies and a few calendars. I would like to learn about FX trading more.

I think of it as swing trading--getting in and out on the right day/time makes up for the lack of a true statistical edge. That seems to me what a lot of people are saying here.

Thanks, everyone. I will try to get this new column showing. In my usual OCD way, I am now wondering if I forgot to change the "day" to "gtc" when placing the order. I have made that mistake before. Sorry about the OJ, that can't be much fun. Yes, it was silly of me :D

I have been told by Alex Jacobsen that some insurance companies have been known to do this. They are well-capitalized. I hope you are not thinking of trying this on a grand scale--hopefully not on ANY scale.