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Investing Articles (ActionForex.com)
Educational articles on investing. Available in ActionForex.com
01/28/2008
Lies, (Darn) Lies and Government Statistics
I think the actual quote goes something like "Lies, Damned Lies, and Statistics"; however, my personal feeling is that government statistics are absolutely the worst. Today, I want to talk about some of the government's economic statistics they use to tell us how the country is doing.
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Investing Articles (ActionForex.com)
Educational articles on investing. Available in ActionForex.com
05/17/2006
Seven Big Things Professors Won't Teach You (But You Should Know)
Are you studying finance? If so, then terms like present and future value, efficient market theory, capital budgeting, arbitrage pricing and a whole slew of other exciting phrases are becoming part of your vocabulary. And if you're thinking about studying finance in college or graduate school, be prepared to be...
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Investing Articles (ActionForex.com)
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03/31/2006
March Madness's Trading Secret
March Madness – aka the NCAA college basketball tournament – is known for its fabulous upsets and its infamous chokes: like Gonzaga choking against UCLA in the Sweet Sixteen last week, losing in the final 10 seconds of the game after leading all game long. We've all seen it happen,...
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Investing Articles (ActionForex.com)
Educational articles on investing. Available in ActionForex.com
03/17/2006
Taking It On the Chin and Learning
Traders who want to be successful must believe that they are responsible for the outcomes of their trades – both losers and winners, says Bob Prechter. They particularly have to learn how to deal with losses, since losses are part of the trading terrain. You've got to be able to...
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Investing Articles (ActionForex.com)
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03/10/2006
Paper Trading Can Pump You Up, But It's Not Real
When a baseball player in his late 30s hits the ball harder and more often than he did in his mid-20s, none of us believes that's "normal." The latest news about Barry Bonds' alleged steroid use strongly suggests that it helped pump up his unprecedented hitting statistics since 1999. Sports...
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Investing Articles (ActionForex.com)
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03/03/2006
Breakfast of Champions & Trader
At 47 years old, Julio Franco is the oldest player in major league baseball by more than four years. He broke into the majors in 1982 ? one year before Carl Yastrzemski retired. That's what you call "experience."
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Investing Articles (ActionForex.com)
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02/02/2006
Contesting the Accepted View of Bernanke
This was the week that was ? Alan Greenspan stepped down from his chairmanship of the Federal Reserve and was replaced by Ben Bernanke. The earth did not stop spinning, nor did the markets crash (yet). But unlike most commentators who think that Bernanke has what it takes to keep...
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Investing Articles (ActionForex.com)
Educational articles on investing. Available in ActionForex.com
12/30/2005
Jack Welch Set the Bar Too High?
Jack Welch, the former CEO of General Electric, is known far and wide as a brilliant business executive. But the recent issue of Barron's reveals that some of his apparent success may have been due to other factors:
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Investing Articles (ActionForex.com)
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12/16/2005
Is It Bullish When the Market Ignores Bad News?
It helps to have a sense of history when studying the behavior of human beings, the economy, and financial markets ? particularly since human behavior is what makes markets trend in one direction or another. In last month's Elliott Wave Theorist, Bob Prechter wrote about how current events in our...
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Investing Articles (ActionForex.com)
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12/09/2005
The Wave Principle, Condensed Version
Those who study the Wave Principle and use it for trading appreciate all it can do to provide a framework for making trading decisions ? notwithstanding the fear and trepidation or other emotions that come out when trading. Learning how to use the Wave Principle in all its rich complexity...
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Investing Articles (ActionForex.com)
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12/02/2005
Herding Behavior in War and the Markets
It's not necessary to visit a cattle ranch to find herding behavior. Consider this report from today's news: 'Two of America's allies in Iraq are withdrawing forces this month and a half-dozen others are debating possible pullouts or reductions, increasing pressure on Washington as calls mount to bring home U.S....
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Investing Articles (ActionForex.com)
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11/23/2005
Do Pit Traders Have an Advantage?
When markets go against a trader, it's so often easy to believe that it's 'a conspiracy': professional traders do better, because they have better information to trade on. Even though Bob Prechter doesn't believe in this conspiracy theory, he does believe that professionals have an advantage. Here's an excerpt from...
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Investing Articles (ActionForex.com)
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11/11/2005
The Federal Reserve: Leader or Follower?
Ben Bernanke's confirmation hearings are on tap on Capitol Hill. With near certainty that he will be confirmed to replace Alan Greenspan as the Federal Reserve chairman, our minds turn to what powers the Fed really has. Here's an excerpt from Bob Prechter's question-and-answer book, called Prechter's Perspective, that describes...
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Investing Articles (ActionForex.com)
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11/05/2005
Sophisticated or Naive Investors?
Has the house down the street from yours just sold for a bundle more than you ever imagined houses in your neighborhood would sell for? You might find yourself scratching your head at the amazing fact that some folks will pay much more than what a house ? or a...
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Investing Articles (ActionForex.com)
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10/31/2005
The Bernanke Era
The King is going. Long live the King. We now know that Ben Bernanke will be the next Fed Chairman. His approval by the Senate is as close to a lock as you can get. This week we focus on Bernanke, and specifically his most famous, and what I think...
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Investing Articles (ActionForex.com)
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10/29/2005
Deflation and Gold Bugs
Some things never go out of style, including good interviews. Let's look back one year in time to Bob Prechter's Theorist of October 2004. In it, he published an interesting interview he did with Chris Oliver, the Money Editor of The South China Post. Here's an excerpt:
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Investing Articles (ActionForex.com)
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10/24/2005
Inflation and Fed Policy
Last year, as the Fed first began to raise rates, I made two observations. If the Fed does what they almost always do, they will raise rates higher and go longer than anyone at the beginning to the cycle believed. Secondly, I suggested that the Fed would like to see...
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Investing Articles (ActionForex.com)
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10/22/2005
Wave Principle - In the Beginning with Bob Prechter
The back-to-back, 100-point swing in the Dow this week shows how much the markets are driven by human psychology. Humans behave in certain ways, and these behaviors are patterned. In the case of financial markets, these patterns are perfectly recorded for all to see in a price chart. Anybody can...
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Investing Articles (ActionForex.com)
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10/16/2005
Avian Flu and Bear Markets
The threat of avian flu has moved from the back burner to the front burner. Last week, we learned that U.S. scientists had recreated the virus that caused the Spanish flu epidemic that killed more than 40 million people in 1918 and 1919. The bad news is that this lethal...
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Investing Articles (ActionForex.com)
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10/09/2005
The Qualities of a Successful Trader
October begins major league baseball's playoffs, an annual reminder that those ballplayers and teams who make it this far share two common traits: discipline and coolness under pressure. The John Smoltzes of the world (star pitcher for the Atlanta Braves) didn't make it with a casual attitude about work. Smoltz...
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