Money Archives

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.

The Growth Stage of the Product Life Cycle

What is the growth stage of the product life cycle? What happens during this stage? The second stage of the product life cycle is the growth stage. As William M. Luther says in his book The Marketing Plan, it’s when a product experiences high demand and sales increase. Find out more about the product growth stage below.

Why You Need to Embrace Risk in Trading

Why Socioeconomic Status and Depression Are Linked

Are you an overly careful trader? Why is it important to embrace risk in trading? To achieve consistent profits in trading, it’s essential to embrace risk. According to Mark Douglas, the author of Trading in the Zone, you must be comfortable with risk to ward off irrational fears that corrode your trading mindset and your potential to profit. Let’s look at the factors that cause us to avoid risk and develop an unhealthy relationship with the market.

What Is the Cycle of Poverty? Stephanie Land Explains

What is the cycle of poverty? How did Stephanie Land get stuck in this cycle? Stephanie Land, the author of the memoir Maid, comes from generations of poverty on both sides of her family. Because of this, and the lack of resources Land needed to break out of poverty, she was stuck in the cycle of poverty that many people are trapped in. Let’s look at the cycle of poverty from Land’s point of view.

How to Become a Successful Trader: The 3 Ingredients

Do you want to know how to become a successful trader? What do all profitable traders have in common? Trading is extremely hard, which is why only a few traders become profitable. According to Mark Douglas, the author of Trading in the Zone, you need three ingredients to become a successful trader: 1) a clear goal, focused exclusively on winning consistently, 2) a system of rules and boundaries for making trades, and 3) disciplined follow-through. Let’s explore each ingredient in detail.

Capitalist Values: Trust, Sympathy, and Commitment

What are the most important capitalist values? Are these values essential for a flourishing economy? In Development as Freedom, Amartya Sen says that a capitalist economy can help underdeveloped nations whose economies are struggling. He says the three core capitalist values—trust, sympathy, and commitment—are a big reason why Western economies are so successful. Here are the three capitalist values in detail and an argument that claims these principles shouldn’t be forced on non-capitalist societies.

Single Mother in Poverty: Stephanie Land’s Journey

How do single mothers in poverty provide for their children? How did Stephanie Land raise her child with almost no support from her ex-boyfriend? When Stephanie Land was in her early 20s, she met the father of her child, Jamie. He was emotionally abusive toward Land during her pregnancy, forcing her to be the sole breadwinner for herself and her child after leaving him. Learn more about Stephanie Land’s journey as a single mother in poverty, detailed in her book Maid.

How to Develop Discipline in Trading

Do you struggle to stick to your trading rules because emotions get in the way? Are you haphazardly buying and selling without a trading plan in place? Trading your hard-earned money is an emotional rollercoaster. Therefore, it’s important to exercise self-discipline and keep your emotions at bay. According to author and trading consultant Mark Douglas, this requires that you simultaneously do two things: redirect negative thoughts and emotions, and execute the system you’ve established. Here’s how to develop discipline in trading, according to Douglas.