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There is no problem in US. US is a great country- 5% of world population consume 25% of global resources..what else you need? Its all GREED. Even homeless people in US eat eggs and chickens. When i heard eggs at 99 cents per dozen and a five-pound roasting chicken at $ 5 can be purchased in...

Yup. Intuition is as good as the experience one receives. Experience has to be bang on target- Understand why market behaves how it behaves. Indicators does not count in intuitive trading.

Well said. SMA or pivot point trading is kiss. Does it work day in day out? If it do any one in world would have been millionaire. If Jesse Livermore was alive today, he would have laughed and cried why traders are not understanding the market structures first.

SKS MICROFINANCE- India's leading micro finance institution shares collapsed recently on host of problems including this one. I think it is a temporary noise before sense prevails..money lenders in India charge 100% p.a interest rate while micro finance institutions charge 36% p.a. The...

But brother, some of trades which those simple mindless set ups take, a discretionary trader with a good reading of the markets will never ever take. Good reading of the markets is essential, paramount and imperative for consistent gains. You can employ automatic set ups with a good reading...

Here's a blog post of the same article, but the comment section here has some further discussion with the original author Ziad: http://www.eminiplayer.com/2009/06/learning-to-become-successful-trader.html

Now is it easier emotionally to have clear set-ups to wait for and trade in this simple manner? Absolutely. But who said 'easy' would make you money. If I've learned anything, it's that the market rewards what is hard to do. It's hard to have ambiguity surrounding your market reads. It's hard...

Found this post on a blog comment and was blown away by what was said. I think there is a LOT of truth in the following paragraphs. Well worth every struggling traders time. "Too many traders are looking for setups, when in fact they're the ones being set up. All credit goes to original...

The problem was price makes news. Once the price of euro and stocks started to tumble, business channels took on Ireland issue to explain the cause. Prices tumbles because of 'collective psychology'. It is the price which makes news not news which makes price. I believe in it.

Yes i voted. It is not gambling. Sorry boss to deviate from main topic.

India GDP currently is growing at 9% p.a which could shoot up to 10% p.a starting from 2013 overtaking china as worlds fastest growing major economy. Where China was in 1998, India is now in 2010. India is 12 years behind China. If India can manage to grow at 10% p.a for next 2 decades...

He is an Analyst who analyse things, issue reports, go back home and have a nice sex :D He takes an annual salary for his effort. We are traders. We make or try to make a jackpot. We are not Analyst. There is a sea of difference between an Analyst and Trader. Prediction is a fool game.

The great irony of trading is that it is difficult precisely because it is so very simple. Trading has become a billions of dollars scam industry. One guy is now using astrology to predict the future price movements.

His job is DISCIPLINE. Once he has found his 'edge', stick to it consistently and follow in day in day out. Market can represent itself in an infinite combination, so DISCIPLINE is the traders job.

For a year i was using indicators and i was pissed off with indicators as nothing worked consistently. All indicators are mechanical/automatic approach to trading. On Oct 1, 2010, i decided i will start to write a journal recording how price behaved in the specific Asian future market which i...

I was pissed off with fundamentals and technicals because it seemed nothing worked consistently. Then one day starting from Oct 1, 2010 i started to maintain a journal of an Asian future market which i trade recording how the price behaved- Where it opened, where it hit high, where low, where...