tag:blogger.com,1999:blog-27528271671659024652011-11-27T16:05:11.588-08:00Traders TutorialThe purpose of this blog is to document issues for traders that they will need to address in the process of trading. This comes from almost 30 years experience as an investor & trader.About Andrew Sheldonhttp://www.blogger.com/profile/15469120006156639030noreply@blogger.comBlogger41100tag:blogger.com,1999:blog-2752827167165902465.post-43175403958841619612008-03-06T16:17:00.001-08:002008-03-06T16:18:49.971-08:00How to know what you dont knowWant to gauge how much you know about finance and economics - try taking the following multiple choice quizzes - see http://tutor2u.net/quiz/economics/.-----------------------------------------Andrew Sheldon www.sheldonthinks.comAbout Andrew Sheldonhttp://www.blogger.com/profile/15469120006156639030noreply@blogger.com0tag:blogger.com,1999:blog-2752827167165902465.post-88609345720908285912008-01-07T20:12:00.000-08:002008-02-02T20:12:00.031-08:00Understanding your opponentsIf you want to make money from investing/trading, it is helpful if you understand your competition, that is the people trying to make money off you. You might not identify them as competition, but rest assured you are competing with several vested interest groups in the market, so its worthwhile trying to understand how they think. Consider the following:1. Taking a position: Small investors can About Andrew Sheldonhttp://www.blogger.com/profile/15469120006156639030noreply@blogger.com0tag:blogger.com,1999:blog-2752827167165902465.post-20549220723808775862007-12-25T02:50:00.000-08:002008-02-02T20:12:12.830-08:00Trader profitabilityI often see comments that say that 80-85% of traders dont make money. I think there are a multitude of reasons why this is the case. I will mention some here:1. Lack of experience: This is where a trader does not have the experience to make good decisions. There is little one can do to avoid a lack of experience, other than to face it head on by reading books. You can always retreat to what you About Andrew Sheldonhttp://www.blogger.com/profile/15469120006156639030noreply@blogger.com0tag:blogger.com,1999:blog-2752827167165902465.post-46219253422932790922007-12-25T02:15:00.000-08:002008-04-01T16:22:01.636-07:00Traders LifestyleI guess one of the appealing reasons for becoming a trader is the idea of living a flexible life. Just to give you an idea, here are some of the benefits and obstacles. Starting with the benefits:1. Flexible residence: Trading potentially gives you the flexibility to live anywhere where there is a reliable internet connection. I have traded from Japan, Australia, the Philippines, and also whilst About Andrew Sheldonhttp://www.blogger.com/profile/15469120006156639030noreply@blogger.com0