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Again, if a big financial event like that is expected, just bracket the market both ways: buy deep out of the money S&P 500 put AND call options. Now the trader could make tons of money regardless of market direction, if indeed the market moves in a big way... The only problem? The options...

“Have an opinion on what the market should do but don't decide what the market will do.” Bernard Baruch, legendary stock trader.

"Buy USD!" has absolutely no meaning, you need to sell a currency to buy another currency. Same thing for EUR and JPY, one currency must be exchanged for another. Correct way to say it, for example : "Convert your gold to Swiss Francs and buy USD" (Now you are betting that the USD will...

The fix is easy: stop creating money out of nothing. Do you really think they (the banksters) don't know it? :D

Never trade with this attitude, Dividend, always assume that the S&P 500 is going to lose at least 50% of its value by lunch time. In other words, get ready for any possible scenario and counter-scenario and prepare your trading plan accordingly. A successful trader has an exit strategy...

But it is still true. Yes it is possible to move the Forex market in the very short term, and central banks have the power to do that (Bank of Japan intervention anyone?) but in the long term it is impossible, it's like trying to make the Pacific ocean saltier by pissing in it. After all...

Yes a demo account is helpful. But on the other hand, when you start winning big and consistently in a REAL account, weird things start to happen, especially if you trade in the Forex market, where the broker acts as the counterparty to your trades... So don't assume these two types of...

There is only one possible solution to the inflation problem: Stop creating money out of thin air. Don't let anybody tells you otherwise, especially the professional liars you see on TV everyday. http://www.ronpaul.com/on-the-issues/fiat-money-inflation-federal-reserve-2/

You are right, but don't worry about me, I NEVER trade with fundamentals. If fundamental "analysis" had ANY predictive power, every economist would be billionaire by now. Even Joe Six Pack would quit his day job, analyze stocks and make a truckload of money every day. (Right now I am short...

Yes and no OverDriven, unlike the Forex and the Futures market, the Stock market is not a zero-sum game, in the long run every buy and hold trader wins, due to the upside bias of this market. Got to go now, the Yen and the Australian dollar are kicking hard, so I will put some rock music on...

Gordon Gekko to Bud Fox : "Now, you’re not naive enough to think we’re living in a democracy, are you, buddy? " From the movie "Wall Street" (Michael Douglas, Charlie Sheen). Let's meditate on that.

Believe or not, there are books about "intuitive" trading as well, like "The Intuitive Trader: Developing Your Inner Trading Wisdom" for example. Yep, forget about technical analysis and backtesting trading systems with a computer, that's for losers, just use your "inner trading wisdom" to...

Sure, just seat in the lotus position, close your eyes, breathe deeply while the music of Ravi Shankar is playing in the background and slowly but surely you will clearly see where the Nikkei futures is headed this month, or even the entire yearly chart of Pork Bellies, complete with its moving...

Yes you are correct MartinGhoul, the assumption behind the model is flawed, not the formula itself, that's what I meant, sorry for the confusion. Here are the 9 important flaws in the Black-Scholes option pricing model...

Good one, Fractals 'R Us :D

What you seem to overlook is the fact that for each million earned buying options, two or three are lost. The amateurs, yes, but the pros always hedge their bets. And that's precisely why they stay in business.

The Intelligent Investor book is a little bit outdated in my opinion, and some of the trading ideas are simply dead wrong. Just an example: Back then in the 70's, the author was strongly convinced that the market was clearly "overvalued". Boy was he seriously wrong, to say the least...

Even if you spend the next 500 years studying "fundamental" analysis, you will never get any trading edge, assuming your brain (or even your computer) can collect and analyze hundreds of different economic variables and parameters, all in real time, to make trading decisions. As best...

On the same subject, did you know that the now famous Black–Scholes formula for options pricing is flawed and has been designated to favor the options sellers, not the buyers? Bottom line, Wall Street is always creating new "mathematical" tools to legally take more money from Joe Six Pack...

Contra, go study your charts or something and stop your idiotic rambling. End of discussion.