Market Speculator’s Knowhow

Market Speculator’s Knowhow: Process, Discipline and Focus Ever wonder what it takes to be a successful market speculator? The first answer that usually comes up is the mastery of chart reading, or another common perception is that one needs to gain lots of information about the companies or markets that he or she chooses to trade. The former is known as technical analysis, while the latter is referencing fundamentals. While it doesn’t hurt to understand both ways of looking at the markets, what I  most commonly see that poses the biggest challenge…

Professional Poker Players and Trading

What Professional Poker Players Can Teach You about Trading There are many similarities between the poker and trading worlds, and as traders, we can learn a lot from some of the top professional poker players. As Brandon Adams, a professor of behavioural finance at Harvard University’s Department of Economics said, “Some of the best candidates for Wall Street trading jobs are the professional card players at FullTiltPoker and similar web sites.” As any good poker player knows, if you manage your risk properly and execute your edge with consistency, you…