Money Archives

Trading in the Zone: Quotes by Mark Douglas

Are you looking for Trading in the Zone quotes by Mark Douglas? What are some of the most noteworthy passages worth revisiting? In his book Trading in the Zone, Mark Douglas argues that winning in trading is a matter of your mindset. If you have a fear-based mindset—that is, you focus on avoiding risk—you’ll never achieve success in trading. If you are serious about becoming a profitable trader, you must overcome the fear-based mindset and adopt the winning mindset, focusing on making gains. Below is a selection of quotes with explanations.

Reluctant Entrepreneurs: Poverty and Entrepreneurship

How does poverty affect entrepreneurship? How does running a business—paradoxically enough—keep people in the poverty trap? It’s not uncommon for the poor to run their own businesses. However, running a business seldom helps them escape the poverty trap. This is because the poor choose not to invest in their businesses because they have little means to do so. Furthermore, the poor generally don’t want to run their own businesses—they often do so because they don’t have any other options to make a living. Here’s a look at poverty and entrepreneurship.

5 Mutual Fund Tips From The Wealthy Barber

Should you invest in mutual funds? If so, how do you choose among all of the options? In The Wealthy Barber, author David Chilton advises you to invest 10% of your income for long-term growth. This money should go into index or mutual funds. He recommends a particular type of mutual fund and provides advice on selecting one. Here are some mutual fund tips from David Chilton and a few others.

Trading in the Zone: Book Overview (Mark Douglas)

Why do some people achieve consistent success as financial traders while others fail? Do the successful few have special insider knowledge? Better trading strategies? Astounding good luck? In his book Trading in the Zone, Mark Douglas says one factor distinguishes successful traders: a winning mindset. To achieve consistent trading success, Douglas says, we need to train ourselves to think differently, and he shows us how. Below is a brief overview of Trading in the Zone by Mark Douglas.

How a Distributive Economy Promotes Equality

How to Create a Wealth Mindset to Change Your Reality

What’s a distributive economy? What are the dangers in entrusting the distribution of the money supply to private commercial banks? A distributive economy promotes an equitable distribution of the money supply. In a capitalist economy, the money supply is distributed by private banks, which gives banks too much power. In a distributive economy, government-backed financial institutions take the role of private banks. Here’s why we should democratize money, according to Kate Raworth.

Why Is the Trading Failure Rate So High?

Why is the trading failure rate so high? In principle, is it possible to predict the market with absolute certainty if you have all the necessary tools? The financial market gives us ample opportunity to generate money. Yet, most people struggle to make the gains they want. The crux of the problem is that they don’t fully understand how the market operates. Most traders rely on either technical or fundamental analysis (or both) to try and predict the market, but they’re insufficient preparation for consistently successful trades. Here’s why conventional market analysis strategies fall short.

Understanding Technical Analysis: Trading 101

What is technical analysis in trading? How does technical analysis predict the price of financial assets? Which approach is superior: technical or fundamental analysis? Technical analysis looks at patterns in the price of an investment to predict how that investment’s price is likely to shift in the future. In contrast to fundamental analysis, technical analysis takes into account traders’ activity by attempting to uncover behavioral patterns. Keep reading to learn how technical analysis trading works, its pros and cons, and why it’s superior to fundamental analysis.

The Circular Economy Model: Is It Bad for Business?

What is a circular economy? Will transitioning to the circular economy model hurt businesses? A circular economy is a model of production and consumption aimed at minimizing waste by reusing and regenerating the available resources. The shift towards a circular economy is the necessary step toward sustainability—if companies take and take from the planet without replenishing or regenerating, there will be nothing left. Here’s why shifting to the circular production model is good both for businesses and for the planet.

Fundamental Analysis in Trading: Pros & Cons

What is fundamental analysis in trading? Is it possible to predict the market based solely on what fundamental analysis says? Fundamental analysis predicts what the market will do based solely on what mathematical models say is logical. However, traders’ behavior is far from logical, which is why fundamental analysis alone is not enough to predict what happens in the market. Here’s why you can’t predict the market based on fundamental analysis alone.

The Principle of Probability in Trading

Why is it important to consider probability in trading? How does taking probability into account help you gain an edge in trading? Most traders don’t use information from their market analyses in a sensible way. The reason for that is that they don’t understand probabilities. A knowledge of probabilities is essential to overcome the mental barriers that prevent us from achieving consistent trading success. Here’s how the nuances of probability affect trading.