Archive for category: Psychology


Preparing for the black swan

21 May, 2007 (16:37) | Books, Psychology | By: Colin McGinley

Although this article has already been highlighted on Rob Booker’s blog and The Forex Project, as well as being written over five years ago, I think it is well worth reading especially if you are not familiar with Nassim Taleb. The article is question was originally published in New Yorker magazine and is [...]

Do you need brains to trade?

16 January, 2007 (12:02) | Psychology | By: Colin McGinley

I watched ‘X-Men 3: The Last Stand’ last Saturday night with my wife. If you haven’t seen it already you might want to refrain from reading the first four paragraphs as I’m going to talk about one of the major plot points in the movie. Spoiler zone ahead.
I’m going to focus on the [...]

How traders deal with uncertainty

8 January, 2007 (12:56) | Psychology, Technical Analysis | By: Colin McGinley

There is a constant challenge that must be confronted each and every day by a trader. How do I make the decision to buy or sell now when I don’t know what the future may bring?
Throughout our years of early formation, in school and in university, we have always been taught that if you [...]

The bee and the dolphin

3 January, 2007 (16:29) | Psychology | By: Colin McGinley

I really liked the quote in yesterday’s Innerworth newsletter, most likely as a result of all the personal development that I’ve accomplished over the past year or so. I’ve been signed up for their daily e-mails for quite a while now, and so rarely read the actual full e-mail as they generally tend to [...]

Climbing the forex mountain

21 December, 2006 (08:18) | Psychology | By: Colin McGinley

Learning to trade and climbing a mountain have some interesting parallels to offer the astute observer.
To a beginner trader the riches to be gained from trading seem vast indeed. To a climber, standing at the bottom of a mountain looking up at the mountain’s summit, the top of mountain can almost seem within their [...]