During my investment banking career, economists were for me public enemy number one! I never saw what the big deal was about. Most of what they say is completely unprovable. It is always after the fact, and their explanations of forex, stock market or commodity market moves are always retrospective.
The essential problem is that these economic pundits are providing reasons AFTER the fact for why the market has done what it has already done, and they always look good riding on a trend that they imagine is likely to carry into the future.
The key point to come back to is that Online Trading has to be a business, if it is intended to be your primary source of income for yourself and your family. If that is the case, then it is imperative that you treat it with the seriousness that it deserves. That means that even though you may be working for yourself at home, you need to impose some business disciplines that you would find in a standard office environment.
To a large extent, ALL online traders (both institutional and private) suffer from one or more of the same set of trading errors that CRIPPLES their performance and profitability in the markets.
More on Online Trading Free Report Reveals: The 7 Deadly Mistakes Of Trading
In online trading, just because you CAN trade any market does not mean that you SHOULD. A key component to achieving huge success in Trading, as in life in general, is the power of Focus.
Hello,
Today is the 20th anniversary of the stock market crash, the so-called Black Monday. It also happens to be the 20th anniversary of the day I commenced my career in Investment Banking!