Mar

11

 My favorite excerpt and handout for all MBA (Finance) students before starting a class on Forex or Financial Markets is "The Old Speculator and the Yen" from EdSpec. The mind starts playing games once you are on long wait with the market. Particularly in India where I am forced some times to trade in the Brokers' office which is not very different from a poker table. The situation is exactly like the post "How not to run a trading Operation." No wonder public always loses more money than they have any right to. With unsolicited, free opinions flying around, cries and howls of a missed trade recognized by hind sight, reckless regret of past mistakes, criminal recounting of past price in comparison to present prices (as if price has an obligation to return with out regard for the operating context) losses are guaranteed to happen.


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