It was nice to be back at the Olympic games. Observing athlete's behaviour was a good reminder of my immersion in the process and all that transferred from sport into trading. The hard road in sport was a preparation I wouldn't replace for anything.

Forex Cube... Yes, coping mechanisms are critical at the early stages of development as a trader. It helps to have the capacity to understand your coping mechanisms used with other life experiences and modify the behaviours specifically to dealing ...

The recent forex notes update can be found here.. url

Eurozone Risks Perspectives — Eurozone Risks Likely to Continue Longer Term To recent inquiries, I want to reiterate the importance of engaging the trading exercises as critical to building a structured approach to trading. The more you focus ...

Yes, understanding the uniqueness of your psychological profile is critical to becoming an independent thinker, which is the foundation in the transition to success. Houdini

I will be posting my recent review along with the link to this document. Be sure to download "Face the Trader Within" document attached here.

Good post.. yes Attribution Theory is very applicable. It is important to establish an experience feedback loop and process to create change.

10:1 leverage is far too much. If you use 10:1 with your risk capital, you will experience a psychologically damaging blow to your account on your first string of successive losses. The following pattern is to change ones trading methods, believing ...

Hi DC... Thanks for the comments. Yes, your insights on new traders is accurate. Humans tend to avoid risk activities. However, in trading, it can't be avoided. Thus, as one who is risk averse takes on the trading discipline, they will deny its risk ...

Hi Belekas Thanks for the note. Developing traders under-estimate the undeniable relationship between risk, psychology and trading success.

Enforcing the application of a trading mechanism or model that is not uniquely your own, pushes much needed common sense out of the equation. You simply end up with a trading model full of holes and blind spots.

Hi fxswing... thanks for the note. I've been in this business many years and have seen countless traders come and go. I appreciate that you recognize the value in discipline. It takes discipline to exercise discipline. One must be disciplined in ...

Folks... This is an old post from pre crisis risk rally. You can gain some ideas from the concept, however. You may be interested in my Ebook on Psychology. Search Houdini CTA ebook. Readers seem to find some value in it. Good luck with your trading.

HI JWM Yes I have been doing more live presentations on Psychology and Risk. Some of the major points will be more deeply covered in a book i'm writing for Wiley.

Hi JMW... Sorry, i just saw your input now. Yes i have been getting deeper into fundamentals with each workshop. I now only do one, maybe two, workshops each year in the US. In the fundamentals section, we cover interest rate spreads.

Hi Hemantaims, I will be joined by Ashraf Laidi. Although my site is not commercial, to remain respectful to FF compliance, you will have to go through my profile.

Hi Altrader, Thanks for the note. Wiley has approached me to do a book, which should be done end of 2010. I'm doing a webinar with Ashraf Laidi Oct 3. His intermarket analysis is the best in the fx business.

Katpips... This is the ebook i was referring to. Yes, i will speaking at Aug LV MoneyShow, a free event.

Hi Paul I make an effort to update the blog regularly and will continue to do so. My primary focus is to my trading and FM clients, so time is limiting. I have been traveling a lot the past couple years, but i'm at my office for the next few months ...