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In a famous experiment to prove that anyone could learn to trade, a diverse group of people with no experience were taught to trade and went onto to make hundreds of millions of dollars. If you want to learn forex trading you should learn from how they did it and that is the subject of this article.

The experiment took place in the late 1980’s, when well known trader Richard Dennis decided to prove anyone could learn to trade, regardless of age, sex or education. So he gathered a diverse group together and they only had one thing in common - they knew nothing about trading financial markets.

The group consisted of - a couple of card players, a boy who had just left school, as actor and a security to guard, to name just a few. Dennis then set about getting them ready to trade and a 14 day time period for learning was set.

The system taught was a simple one and was essentially a long term trend following breakout system - but Dennis knew that giving them a successful system was not enough; they had to learn to apply it with discipline. He taught them to have confidence in the system and gave them very strict money management rules they had to apply with discipline.

So why did this group do so well when most traders fail?

They of course had a good teacher and a logical system- but it was the disciplined application of the system with money management which saw these traders prosper.

What most forex traders cannot do is trade with discipline.

They think they can but they can’t and there are a few reasons for this.

First today, most traders don’t even bother trying to get the right forex education, they buy a junk forex robot with a made up track record and think there going to win, even if they get a good system, they can’t apply it because they don’t know how it works, they lack confidence and throw in the towel early.

Most forex traders are also very naive about drawdown or losing periods and think they don’t last long!

Any experienced trader will tell you they do! Even the best traders can lose for weeks, or months on end and you have to remain disciplined until you hit a home run and win.

If you think its easy, to keep executing a trading system, when the market hands you losses and makes you look a fool think again. It’s hard but if you understand losing is part of winning and take your losses cheerfully you can make a lot of money.

From this experiment you can take heart from the fact that anyone can win at forex trading with the right forex education and mindset and ok, you may not become as rich as the group above - but it shows you the opportunity and rewards are there and you can enjoy currency trading success too, if you learn the basics and have a disciplined mindset.

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Gold and Oil have an important relationship with the Forex market. Often these two commodities are used as a leading indicator in making trading decisions in the Forex market.

Gold

Why would gold have a negative or inverse relationship with the USD if United States is the second larger producer of Gold (out-placed Australia in 2006)?

The answer is simple (or maybe not)…

The obvious reason behind this inverse relationship is that gold is always priced against the USD: naturally a strong dollar will buy more ounces of gold (and a weak dollar will buy less ounces of gold).

But there is also another less evident reason of this inverse relationship: decades ago, during periods of uncertainty investors tend to migrate away their capital from USD to gold as a safe-haven.

Ok, to check some numbers: The USD has fallen to historic lows against some currencies including: EUR, CHF and CAD while gold (XAUUSD) has reached all time highs.

Majors that have a positive or direct relationship with gold are the Canadian dollar and the Australian dollar.

AUD - Australia is the third largest producer of gold in the world and as a result, the correlation coefficient of the AUD and Gold prices is close to 80%. So the AUD always benefits from rising gold prices and it also decreases when gold prices decline.

CAD - Canada is the third world largest exporter of the commodity. This makes the CAD and Gold move in the same direction, although its correlation coefficient isn’t as large as the AUD and Gold.

What would be the case for the EUR or other major currencies where there is no relationship (at least not a clear one)?

Other majors will have a direct relationship with gold because both of them (majors and gold) are priced in USD.

Oil Prices

Generally speaking an increase in the price of oil results in increasing costs of transportation, utility and heating costs as well as the cost of practically every finished product (particularly in oil-dependent economies such as the US, China India and other developed countries).

Arguments in favor of an indirect relationship between oil and the USD:

US accounts for only 5% of the world’s population but it consumes 25% of the world’s fossil fuel-based energy.

US imports about 75% of its oil, but owns only 2 percent of world reserves.

Because of this dependency on both oil and foreign suppliers, any increases in price or supply disruptions will negatively influence the US economy (hence the USD) to a greater degree than any other nation.

Canada is one of the few developed countries who are net exporters of energy (i.e. oil). Canada has the second largest oil reserves in the world (only behind Saudi Arabia). For this reason the Canadian dollar has a very tight positive relationship with oil prices.

Where is oil heading?

According to their prediction, world oil production was to peak sometime around the second half between 2000 and 2010 (like now?). Right now the oil barrel is pretty close to US$100, but what could happen to if this prediction is true? It will probably keep going that way for a few more hundreds…

Brain Feeder 4 - Recently a few presidents from large oil producer countries have announced their concerns about the weak US dollar and have declared they would be willing to change the oil pricing in Euros instead of US dollars. What to you think could happen to the USD if they price their oil barrels in Euros instead of US dollars?

by a.anies

http://www.trade-4x.blogspot.com

Gold and Oil have an important relationship with the Forex market. Often these two commodities are used as a leading indicator in making trading decisions in the Forex market.

Gold

Why would gold have a negative or inverse relationship with the USD if United States is the second larger producer of Gold (out-placed Australia in 2006)?

The answer is simple (or maybe not)…

The obvious reason behind this inverse relationship is that gold is always priced against the USD: naturally a strong dollar will buy more ounces of gold (and a weak dollar will buy less ounces of gold).

But there is also another less evident reason of this inverse relationship: decades ago, during periods of uncertainty investors tend to migrate away their capital from USD to gold as a safe-haven.

Ok, to check some numbers: The USD has fallen to historic lows against some currencies including: EUR, CHF and CAD while gold (XAUUSD) has reached all time highs.

Majors that have a positive or direct relationship with gold are the Canadian dollar and the Australian dollar.

AUD - Australia is the third largest producer of gold in the world and as a result, the correlation coefficient of the AUD and Gold prices is close to 80%. So the AUD always benefits from rising gold prices and it also decreases when gold prices decline.

CAD - Canada is the third world largest exporter of the commodity. This makes the CAD and Gold move in the same direction, although its correlation coefficient isn’t as large as the AUD and Gold.

What would be the case for the EUR or other major currencies where there is no relationship (at least not a clear one)?

Other majors will have a direct relationship with gold because both of them (majors and gold) are priced in USD.

Oil Prices

Generally speaking an increase in the price of oil results in increasing costs of transportation, utility and heating costs as well as the cost of practically every finished product (particularly in oil-dependent economies such as the US, China India and other developed countries).

Arguments in favor of an indirect relationship between oil and the USD:

US accounts for only 5% of the world’s population but it consumes 25% of the world’s fossil fuel-based energy.

US imports about 75% of its oil, but owns only 2 percent of world reserves.

Because of this dependency on both oil and foreign suppliers, any increases in price or supply disruptions will negatively influence the US economy (hence the USD) to a greater degree than any other nation.

Canada is one of the few developed countries who are net exporters of energy (i.e. oil). Canada has the second largest oil reserves in the world (only behind Saudi Arabia). For this reason the Canadian dollar has a very tight positive relationship with oil prices.

Where is oil heading?

According to their prediction, world oil production was to peak sometime around the second half between 2000 and 2010 (like now?). Right now the oil barrel is pretty close to US$100, but what could happen to if this prediction is true? It will probably keep going that way for a few more hundreds…

Brain Feeder 4 - Recently a few presidents from large oil producer countries have announced their concerns about the weak US dollar and have declared they would be willing to change the oil pricing in Euros instead of US dollars. What to you think could happen to the USD if they price their oil barrels in Euros instead of US dollars?

by a.anies

http://www.trade-4x.blogspot.com

Details about Darren Gaudry’s MyInternetBusiness have been closely-guarded secrets, to keep competitors in the dark until the last moment. This article reveals newly-released details about MyInternetBusinessLive.Com, and provides resources for the savvy entrepreneur to learn more.

My Internet Business has been months in creation. A team of expert network marketers headed by Darren Gaudry have formulated the My Internet Business Structure. Passport to Wealth members and internet marketers throughout the world have eagerly been anticipating the launch of My Internet Business. Even before the official launch it is the most highly publicized business opportunity on the Internet.

Until now, nothing was known of the products, compensation plan, or requirements. If this is the first time you have heard of MyInternetBusiness, then check the resource box at the bottom for the orientation video. This will help you get up to speed on the fast track.

With that being said, here are the FACTS:

• We have been instructed by Darren Gaudry that there will be Multi-tiered entry structure , to accommodate different levels of entrepreneurs. In other words, there will be different investment levels that you can join the business at, with the more expensive ones being the most profitable. The payback periods for all tiers of My Internet Business are predicted to vastly surpass any home-based business opportunity ever to be seen on the internet.

• No Qualification Period - You will get paid from your very FIRST sale. This is a deviation from the Passport to Wealth 2-up system, where you pass up your first two sales to your sponsor, and will allow new members to begin earning profits immediately.

• Residual Income - My Internet Business owners will be continually paid on the efforts of your downline.

• NEW, Exclusive products - My Internet Business will feature products available ONLY through this opportunity, including a special internet board-game that teaches online marketing in a fun and simple fashion…reminiscent of Robert Kiyosaki’s Cash Flow Quadrant.

• “Name Branding” Your Website - According to Mr. Gaudry, you will be able to customize your websites to brand yourself and your experiences. This is a very powerful feature, and is rare in top-tier businesses like this (I shouldn’t say ‘like this’, because from what we are given to understand, there IS nothing in existence that we can accurately compare My Internet Business to…this will redefine internet marketing, rather than be shaped by it)

• Marketing Your Other Businesses - You will be able to use My Internet Business to market other businesses you may be involved with, including Passport to Wealth, and others.

• Professional Sales Center–No Calling Prospects - Your prospects will be able to get all their questions answered from PBA’s, or Professional Business Associates. This frees up endless hours of your time and relieves you of the burden of chasing prospects that is the cause of failure in so many home-based businesses. Remember, with MyInternetBusiness, you are the Owner, and you rarely see the owner of a McDonald’s franchise flipping burgers! This automated approach saves the MyInternetBusiness entrepreneur time, the most precious of resources.

• Launch Date: April 1st, 2008!

Darren Gaudry is quoted as saying, ‘My Internet Business is YOUR Internet Business!’

In fact, Business Magazines are already comparing My Internet Business to the launch of Google, and Microsoft. I’m sure we can all imagine if we had got a ground Floor opportunity in one of those companies? We missed it, and much of the widespread excitement surrounding MyInternetBusiness is due to the elation that we don’t have to miss it again. Darren Gaudry is giving everyday people a chance to cash in on the next biggest cash generating program ever to hit the Internet.

Prompting the creation of My Internet Business, Darren Gaudry and the Passport Mentors4U Team were tired of entrepreneurs that are not helping their downlines to succeed with their businesses. That is why My Internet Business has been designed with such a heavy teamwork focus, and with the residual income built in to reward said teamwork.

Darren Gaudry’s qualifications for MyInternetBusiness are simple. You must own a Passport To Wealth System prior to the launch. Otherwise, you will need to buy in at one of the tiers mentioned above, all of which are actually more expensive than the Passport to Wealth investment itself.

Mr. Gaudry has predicted that My Internet Business will yield between 2x-4x the profits of its predecessor, Passport to Wealth, which resulted in approximately $75 million in payouts to members. The launch date is in a matter of days, and only time will tell the true profitability of My Internet Business.

I hope this has been helpful and exciting, and I am looking forward to the launch on April 1st just as much as you are!

Cheers!

Rob Hunter
MyInternetBusiness Mentors 4 U Team
Resources for the Savvy Entrepreneur
1) View the MyInternetBusiness FREE Video Tour: http://www.MyInternetBusinessMakesProfits.info
2) Then, learn more about My Internet Business on Squidoo!

About the Author

Rob Hunter is a busy entrepreneur living in beautiful Savannah,GA. He is the Director of Finance for a company downtown, and he also runs several different business ventures, including the automated wealth-generating Passport to Wealth System, a financial consulting firm, and a business developing renewable energy projects.

There are two basic ways to approach the analysis of the FOREX markets: Technical analysis and Fundamental Analysis. Someone who is using a fundamental analytical approach will look at the current economic climate, political events, a variety of economic indicators, and so on to try to predict currency moves. What we will examine is technical analysis, or the use of historical price patterns in economic data to predict future moves in the FOREX. We will also look at the tools used for technical analysis.

The three major assumptions underlying technical analysis are:

1 - All market forces are taken into account in price movement. Many things can affect the price of a currency. Some of these factors would be economic conditions, political happenings, natural disasters, seasonal supply and demand and even the weather. Technical analysis, however, does not attempt to take these into account because the market has already done that. Rather, a technical analyst is concerned with the actual movements of the market, not with the reasons for the movement.

2 - There are observable trends in currency prices movements. There are known market patterns that follow predictable paths.

3 - There are historical trends in price movements. Over a century of FOREX data collection has shown that human nature interacts with events in predictable ways. Thus, when circumstances are similar in the market, the same patterns will show up.

Technical Analysis: Is It Necessary?

Day traders in the FOREX usually use technical analysis most heavily, though they may supplement it with fundamental analysis. Technical analysis has the huge advantage of being applicable to a wide range of currencies and markets simultaneously. To properly do fundamental analysis requires a good knowledge of events and conditions in a certain country so the number of markets any particular trader can analyze by the fundamental approach is necessarily limited.

Technical analysis can seem so complicated to the beginner that they may be tempted to wonder if it is really needed. The truth is that all investing requires a strategy and technical analysis is a proven way to set strategy by predicting FOREX movements. Of course, no strategy or method is always successful, which is one reason many technical traders also do some fundamental analysis as a supplement.

USing Price Charts In Technical Analysis

Charts lie at the heart of technical analysis and you will find a good selection available from any online FOREX broker. Not only are the charts updated constantly, real time, but they can be viewed in a variety of ways. You can see movement over various periods of time, broken down into different time scales, and with various analytical overlays applied. With the software provided you can see the broad picture over a long period or zoom into the most minute detail. The basic software is free from most online Forex brokers but there may be a fee for the more professional, in-depth, information.

Sometimes the charts are a built-in part of the broker’s software package. Alternately, they may be available on the broker’s website.

Practice, or demo, accounts are available from most brokers on their website. These allow you to use the charts and tools of that particular software to learn the techniques of following charts, noticing and learning about trends and studying market movements. Nothing can substitute for this valuable period of becoming intimately familiar with charts and market behavior.

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You can trade for a living anyone has the opportunity but you won’t make a lot of money if you listen to the so called expert advice online. Understand the key points enclosed and the opportunity is open to you…

Before we look at the key reasons, let’s look at a famous experiment that proved anyone can learn to trade regardless of - their age, sex or educational background.

Richard Dennis conducted one of the most famous experiments of all time, when he taught a group of people with no previous experience to trade in 14 days. The result?

They went on to make $100 million in four years and the experiment when down in trading history.

Now let’s look at a paradox:

Anyone can learn to trade but 95% of traders fail and that’s a huge percentage so what makes a successful trader?

The problem for most traders is they think they can follow a so called expert and think forex trading is easy and the market teaches them some manners.

On the other hand, there are traders who think working hard and being clever guarantees success and of course this is not true. You are judged on one criteria only - the accuracy of your market timing.

Let’s start with your key points that you need to understand for trading success.

1. You Are Responsible

No one is going to make you rich. As in all areas of life you are in control of your destiny. Accept this and you are on to the next steps.

2. You Need to Know the Basics

You often here you can make money by following others and not knowing what you are doing and in no area of life is this true. You have to know the basics and understand how and why markets move and avoid the myths.

3. You Need to keep it Simple

Complexity is seen as the route to profits by many but its not. This is proven by the fact that 95% of people lost 30 or 50 years ago and the ratio remains the same today, despite all the advances we have seen in software, computers, news and forecasting.

In fact - simple forex trading systems work best, as they are more robust in the brutal ever changing world of forex.

Dennis proved this in his experiment the system was easy to learn but a method by itself is not enough and that leads me to my next point.

4. You Need Confidence and an Edge

You need to have confidence in a trading edge - that is what will lead you to success when most others fail. If you don’t know your edge, you don’t have one!

5. Discipline is the Key

If you have confidence in what you are doing then you can obtain discipline and this is the trait very few traders achieve.

You need discipline to trade through losing periods of weeks on end and keep going until you hit a home run. Forget all the rubbish you are told you can trade with 90% accuracy etc - you will face a long losing period and that’s a fact. This doesn’t mean you won’t win, you can but you must ride out the period and stay n course.

The people Richard Dennis taught often said the system was easy to learn, the hard part was executing it with discipline.

If you think discipline is easy - you haven’t traded! It’s hard but if you know what you are doing and have confidence, you can do it and it will lead you to Forex trading success.

6. How Much do you Want Success?

This is really a key question, because if you have a burning desire to succeed, you will do what it takes to succeed and accept that you can change your financial future if you want to by taking note of the key points noted above.

Forex trading is simple to learn but beware method is not enough it is the discipline to execute your method, that separates out the few who win big.

Can You Trade For a Living?

Of course you can - but don’t believe it’s easy - its not, that’s why the rewards are so high. You need the right mindset and forex education and you need too believe in yourself. If you can do this you can trade for a living.

Always keep in mind the market doesn’t beat the trader, the trader beats himself.

If you want success the door is open - how much do you want it?

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Day trading refers to trading, i.e., buying and selling the stocks within the same trading day in such a way that all trading positions are generally completed before the close of the market on the trading day. Day trading is opposite to after-hours trading which allows the investors to buy and sell shares and keep them for longer periods.

Earlier, the day trading was done exclusively by the large financial companies, banks and professional investors. Of late, it has gained acceptance from the casual investors due to the advancement of trading technologies, changes in legislation and the advent of the computers and the internet.

Day trading is a full time business with possibilities of profits and losses. As a day trader, you need to nurture a right attitude towards profits and losses. An occasional loss should not prove depressive enough to make you lose your heart altogether and deter you from continuing with your trades.

According to Bruce Kovner, if you personalize losses, you cannot trade. As a good trader you should not have any ego. You must learn to swallow your pride and get out of the losses. You must gain the strength to take your losses without wavering in your determination to win. This can be done when you eliminate fear, doubt and hesitation from your mind as these negative thoughts may prevent you from taking a balanced approach. Eliminate the emotions that can vitiate the chances of your success.

On the other hand, a good profit from trading should not cause so much euphoria that you lose sight of your focus and take unnecessary investment risks that defy common sense. At the same time you must always be ready to learn from your mistakes and be open to constructive suggestions.

It is also recommended in this context that you should maintain a journal of your important day trading events detailing reasons about profits and losses. You should try to analyze which strategy won you profits and what mistakes led to losses. Mistakes are more likely to occur while making the technical analysis of the charts and graphs. Your own journal can become a handy reference material to guide you through your future day trading problems. It will also help you to avoid mistakes and develop your winning strategies.

It is very important to learn the art of risk management in day trading. Risk management can make a lot of difference between success and failure. You must control your emotions and urges and ensure that you are around to trade tomorrow.

Great day traders are great profit and risk managers. It is always advisable to take small and affordable risks. It is generally recommended that you should risk ¼% to 1% per position. In any case the risk should not exceed 2% of your investment. The idea is that you should be able to trade the next day as well, which would not be possible, if you blow out most part of your capital today. If you do not have any money to trade the next day, how are you going to earn your living or make profits? So your each position should be so small that you can give a damn to your losses. Suppose you are investing a total of $20,000, a loss of, say, ¼% will not amount to too much.

You should develop a winning mindset based on the mental/emotional rules of a winning trader. Develop a detached attitude towards trading and reduce the stress that is usually associated with gains and losses in stock trading. This will enable you to travel your path with confidence.

Stock trading remains unpredictable despite the advancement in research and analysis techniques. It is somewhat like a game of roulette. Each flip is independent of the other. If you bet on black and win, it does not follow that black would win you again. Your next trade has nothing to do with your previous one. Each stock has its own features and has to be analyzed in its own perspective within its own parameters.

The stock trading market is an ever-changing entity. It presents unique challenges in different scenarios. If you want to succeed in day trading you have to develop an intuition in dealing with the unprecedented financial situations every day. You, therefore, must develop an ability to adjust to the changing market circumstances.

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Many traders work hard at their forex trading education but simply fall victim to the myths and scams that abound online. If you try and learn ideas that are proven to failure, then of course you are going to lose - but 90% of new traders do this!

Here is your list of things that you definitely don’t want to learn.

1. Forex Day Trading

You can try as hard as you want to learn methods and systems but you won’t win because the logic is dumb. You cannot predict what millions of traders will do in a day and all volatility is random.

If volatility is random, you can’t get the odds on your side and you can’t win.

2. Forex Scalping

This is simply a dumber version of day trading instead of judging within a day the time periods can be minutes! Steer clear.

3. Scientific Theories of Prediction

The logic here is that human nature is constant so we can predict what humans will do with scientific accuracy.

There is a huge industry in selling the secrets of such legends as Fibonacci, Gann and Elliot - but leaving aside they made no money with their theories, it’s obviously not true…

If markets moved to a scientific theory, we would all know the price in advance and there would be no market - pretty obvious really.

Leave these theories to the far out investment community, the naïve and lazy traders and see forex for what it is a game of odds.

4. Don’t Learn a Complicated System!

Many traders are very clever and try and use there brain to build complicated systems.

They normally fail, because in forex you need to keep your system simple there is no link between complexity and success.

Simple systems work best, because they have fewer elements to break and are more robust.

You get judged on only one criteria in forex trading and that’s your market timing and the accuracy of your trading signal - that’s it, and to be accurate you don’t need to be complex.

5. Learn Constantly

I read all the time you have to keep a log of your trades and study each losing trade and learn from your losses. What for?

If you forex trading system is logical, then what do learn from a loss?

You lost!

Big deal, losses are part of the game. Once you have a system you are happy with, you simply need to apply it with discipline and if you want to keep learning, you will end up chasing your tail, in search of the perfect system that doesn’t exist.

I use the same forex trading strategy, I learned back in 1988 and have never changed it.

Sure, it isn’t perfect but it makes money long term and that’ the aim of the game.

So if you have read the above, you will know what not to learn and save yourself some time in your forex trading education and get the right education and win.

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Day trading can be a thrilling way to make money. But it’s more challenging than most beginners think. Here are some day trading tips that can help the new trader as well as the more advanced trader to achieve your goals faster.

First: Be careful not to over trade. The majority of the time the market is a random walk - meaning that it’s moving without any rhyme or reason. Amateur traders taking small positions in the market are behind these unpredictable movements.

These amateurs do not affect the long-term movement of the market. The professionals, with their large volume and their willingness to hold positions longer, are the ones who create sustainable moves in the market that can provide meaningful profits.

Many people are drawn to day trading because of the excitement of the business and the potential for big, fast profits. This attitude sets up the trader for failure. Day trading does not have the frantic energy of a video game. Most successful day traders sit by the sidelines for long periods of time simply waiting for a high-probability setup to occur. The pros trade much less frequently than the amateurs think.

Second: The trend is your friend … sometimes.

The truth is that the trend is a fair weather friend!

It is your friend early on. But trends get run out of steam.

Therefore there are 2 times to trade when you can put statistics on your side:

When a new trend is just starting.

When a trend has run its course.

Trading only at these 2 times allows you to put the statistics of the “edge” of the bell curve on your side. Trading in the middle of a trend, puts you solidly in the middle of the bell curve where anything can happen.

Third: Join free trading rooms for day trading tips but do exactly the opposite of what you hear!

I’ve participated in many chat rooms over the years, and have received a tremendous benefit from them. But the benefit did not come from listening to the teacher. It came from watching the comments of the participants as they shared what they were doing at any given time in the market.

The vast majority of the time they were dead wrong in their approach.

They reveal the mind of the unprofitable retail traders. It’s almost eerie how the amateurs think alike when it comes to trading the markets. If you listen to them long enough in the trading rooms you’ll start to notice the patterns of the things they do consistently. Do the opposite and win.

As an example, one of the most common problems amateur traders have, is resisting the urge to fight the trend. You’ll often hear comments such as: “The market can’t go any higher than this.” “This market just has to turn around at this point.” “The market is definitely way over-extended now.”

It is absolutely amazing to see how amateurs habitually trade against the trend in an effort to find tops and bottoms. They are constantly looking for the market to turn around. As is always the case, you can profit tremendously by taking the other side of their trades.

Day trading can be extremely rewarding, but to be successful you must stand aside from the masses and avoid the herd instinct that drives so many. These 3 day trading tips can help you be among the minority who succeeds.

Dr. Barry Burns is the owner of Top Dog Trading and writes a Day Trading Blog. He offers a 5-day free video trading course which provides more day trading tips to help traders become successful.

He started his study of the markets under the direction of his father, Patrick F. Burns, who became independently wealthy through trading and had over 70 years of trading experience before passing away in 2005.

He has been the featured speaker at DayTradersUSA, and developed a 5 Day Course for WorldWideTrders.

Dr. Burns has been a headlining guest speaker for the Market Analysts of Southern California, given seminars around the country at many Wealth Expos as well as many Traders Expos, been interviewed on the Robin Dayne “Elite Masters of Trading” Radio Show, and is the former moderator of the FuturesTalk chat room.

He has a doctorate in Hypnotherapy and is a certified NLP practitioner, and therefore able to help people with the psychology of trading.