weekend aftermarket lounge 15-18 nov, page-73

"Once you recognise that excitement is a component of the trading experience...be careful"


MemeFx..

seems to me u know a little or are interested in Psychology......

Well,looks like I am now as well.

Reading that PSY thread give me the impression many are just 'buying' a chart or figures racing on a sreen....as to Company,what's that?

I am getting excited.

Not from trading day to day,but what looks to be an emerging phenomenon.

I am beginning to think that as more and more folk start using internet trading these sorts of PSY runs are only going to increase.

Why?

Well an article I read,and by my own observation,Australians are some of the biggest gamblers in the world.

And guess who comes next?

Yes!...you guessed it.

Singapore and Hong Kong..........the Asians

Yes the Asians(ex Japan,where by and large Gambling is frowned upon)are big gamblers.Think Hong Kong horse racing

"The people of Hong Kong are famous for their gambling habits. According to a medical research carried out by the University of Calgary, an estimated one in 20 Hong Kongers have a gambling disorder"...link below

So,to my way of thinking as China and Asia grows and as they trade on the internet,then these PSY events are only going to increase.

What is interesting in trading,and I don't know for sure as I don't trade currencies,but it is said that trading currencies is the hardest thing to do.What I have also read is that 30-35% of currency trading is by the Japanese.Yes,one of the lowest gambling nations on the Earth.No wonder their is no excitement trading the currency markets.The Japanese will only trade after they get their slide rule/calculators out(after cleaning them first) and check out the trade.Hardly leads to exciting trades and I wonder if that is why currencies are hard to trade.

As the Chinese start trading,I wonder if the whole dynamics of trading will change?



You reading this too,Timbo?

I wonder how much of that PSY run was from Asians buying?


Check out the article here:-
http://au.pfinance.yahoo.com/money-manager/debt-and-budgeting/article/-/9802241/world-s-biggest-gambling-nations/