Quote from Tango 6 Alpha:
All make this my last post for this year, until my return in 2013.
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No doubt, one of the most powerful 1hr presentations on Traders psychology that I have personally seen. Aside from the sales pitch at the end of the presentation which the CFx does not endorse, Howell, seems to have tapped into a deep psychological core that explains why people experience such huge deviations in trading success.
If you are a Trader with at least a couple years of experience, then this video comes more than highly recommended. NOTE: As usual, the CFx does not endorse, sell, or promote the sale of any product and/or service of any kind, whatsoever.
Mastering Your Inner Game:
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Though there will always be an implied non-endorsement stance on this site with respect to commercial products of any kind, it is the very well articulated explanation of HFT, that earns this particular video a rating sufficient to be worthy of inclusion in the CFx Video Archives.
HFT, or High Frequency Trading, has been and will continue to be talked about by many. This video is a "Sales Pitch" for the HFT Alert (which I do not endorse). However, the explanation (rather than the sales pitch) was one of most succinct and well understood as any I have seen, or read in recent memory.
"Dave Fry, founder and publisher of ETF Digest, and Steve Hammer, founder of HFT Alert, discuss high frequency trading operations, fundamentals, the difference between algorithmic trading and high frequency trading, fluttering, latency and the role high frequency trading had in the May stock market flash crash in 2010.
In this interview Steve showcases HFT Alert's functionality and explains how high frequency trading trading can be analyzed to help traders in the stock market."
Of course, one can only wonder about the possible applications to Retail Forex. There is no central clearing for Forex, and there are no large scale electronic exchanges, as all retail Fx liquidity comes off of proprietary trading platforms associated with Market Makers, or Retail Fx Brokers, who build and manage their own liquidity pool data feeds. That having been said, regardless of the trading platform, most retail Fx liquidity comes from many of the exact same sources (Banks an other Financial Institutions) directly to the broker's back-end, before being distributed to your desktop application, or your Web Client trading platform.
That being the case, retail Fx platforms do demonstrate several of the EFT'like behaviors that gets explained in the video and that leads to the potential for several questions about the possible role of EFT in Retail Forex.
Learn & Enjoy!
HFT Explained:
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A Financial History of the World, by Niall Ferguson (4hr Documentary).
Bread, cash, dosh, dough, loot, lucre, moolah, readies, the wherewithal: Call it what you like, it matters. To Christians, love of it is the root of all evil. To generals, it's the sinews of war. To revolutionaries, it's the chains of labor. But in The Ascent of Money, Niall Ferguson shows that finance is in fact the foundation of human progress. What's more, he reveals financial history as the essential backstory behind all history.
This video at 4 hours is very long, but extremely interesting for those who want to have a better understanding of the source and origins of money and how our current economic and monetary systems, might drive both fiscal and political policy today.
Learn & Enjoy!
The Ascent of Money:
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A classic expose into the Federal Reserve Fractional Lending System and the primary source of U.S. National Debt. Bill Still, sounds the alarm on the 1864 Debt Based Banking system and its permanent anchor to 1913.
This indeed is a classic and in my personal opinion, it should be required viewing for every Business, Law, Finance, Economics, History and/or Political Science, student in the world.
Enjoy and be Educated by it!
The Money Masters:
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Until 2013!
Regards,
StealthTrader
