By Peter Brandt
This book focuses very strongly on the technicals without drawing the readers attention to the macro outlook. Being a macro guy this is a concern for me as my view is find the macro outlook first and then dig out the technicals.
Dollar has reasons for weakness
Some of the reasons for the dollar weakness at the end of the year is due to US tax legislation. Many US based companies will reduce their tax liability by recording smaller amounts of cash on their balance sheets. It makes sense to move cash to overseas daughter companies and then
Understanding the difference
For many traders Risk/Reward is the only trade management tool that matters. If the Risk/Reward is not greater than 1 then don't take the trade. If the Risk/Reward (RR here on in) is low, say 0.5 the you should never take the trade. Don't risk £10,000 to make £5,000 it never makes sense.
Games have scores. In traded markets, how is the score kept and why is it important.
In sports, games have scores that lead to a winner. Sometimes one team may dominate the game on the field (or pitch or what ever field of play), but they still don't score more than the other team and they
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