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Who is Stubby?

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Stubby writes for LaptopAmerica!

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The Mogambo is right.
The dollar really is freakin' doomed!!!
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Articles by Stubby

The Federal (NOT!) Reserve (NONE!) Note (AIN'T!)
Trading With Joe, or How Not To Lose Your Shirt In The Forex

The Idiot's Guide To Safe Trading

The Trials and Tribulations of a Family Forex Trader

'Tis Better To Light a Candle Than to Curse the MACD

Late Night Forex Trading With Shorty Long

The Tao of Trading

As The Forex Turns

Stubby's Guide to Practicing Safe Forex

The Federal (NOT!) Reserve (NONE!) Note (AIN'T!)

Throughout recorded history, paper money has always eventually returned to its intrinsic value, which is precisely ZERO -- as in nada, goose egg, donut hole. Let's take a look at the Federal Reserve Note (FRN), still widely but erroneously referred to as a 'dollar.'

Of course the FRN can't be a real dollar because a dollar is a unit of measurement, like a gallon or a yard. The Coinage Act of 1792 defined a dollar as 371.25 grains of silver. So what is the FRN a 'dollar' of? ...Paper? Stubby says print a picture of a banana on a piece of paper and call it a 'One Banana Note.' It you believe it's a real banana, go ahead and take a bite!   more...

Trading With Joe, or How Not To Lose Your Shirt In The Forex

There are only two ways not to lose your shirt when trading in the Forex currency market. The first is not to be wearing a shirt in the first place. The second is to utilize proper position sizing and risk management.

Assuming that you are not trading from a nudist colony (in which case the term pips could take on entirely new meaning), we will focus here on the second possibility.  more...
 

The Idiot's Guide To Safe Trading

Did you ever meet someone who always seems to have else to blame for their misfortune? The truth is that some folks couldn't make money if you handed them a copy of tomorrow's Wall Street Journal. So here, straight from The Department Of Hard Knocks, we “tell it like it is ...".

Those Who Definitely Should Not Trade Forex

IF you think trading Forex means your computer monitor will grow a slot machine handle on the side and you'll "get lucky" every so often, you should not be here. You should be in Las Vegas.

IF you think trading Forex will be the ultimate investment thrill, you should not be here. You should be bungee jumping. Don't forget your bungee.  more...
 

The Trials and Tribulations of a Family Forex Trader

The stress is unbelievable. Sometimes I wonder whatever possessed me to get into Forex currency trading in the first place.

It starts each morning with the commute.

Life was so much easier in our old house when it was just 50 feet from the kitchen to the bedroom office. Now that I've got my own separate detached trading bungalow behind the house, complete with deep massage sleep recliner chair, lavish surround sound, remote climate control, an efficiency kitchen, my own Jacuzzi and shower, UPS power supply, dedicated broadband and satellite Internet as a backup, it's almost 100 feet.

I tell you, the stress is overwhelming.  more...
 

'Tis Better To Light a Candle Than to Curse the MACD

Let's insert our tongue firmly into our cheek and take a little trip out to the wood shed where we shall administer some necessary and long overdue medicine to a most revered technical indicator.

No doubt you've heard the expression 'tough love.' Here we go a step farther and deliver a true technical trading reality slap!

Due to our fond affection for the ephemeral pip we will be directing our remarks to Forex traders, however these comments would apply equally well to traders of other markets, be it baseball cards, beanie babies or stocks.  more...
 

Late Night Forex Trading With Shorty Long

It was a steamy, range-bound night in the Asian session and the crackle of the pink neon sign outside the window was driving me crazy. I'd have shut it but the sweaty office air felt like bad breath in a spacesuit and, besides, I needed the oxygen.

I hadn't slept since the New York open and fatigue was settling in like the brown haze that blanketed the street below. I was in my twelfth straight hour of trading, the result of an FOMC announcement that had sent a euro position veering out of control like a Mack truck on a slippery downgrade. So here I was in the middle of the night, working on my sixth cup of coffee, surviving on Cheetos and Cheez Whiz and still looking for an exit ramp.  more...
 

The Tao of Trading

For best results, light an aromatic candle, dim the lights, sit cross-legged with your fingertips gently touching, close your eyes and try to envision the pip. Breathe deeply, slowly in and out, as you get in touch with the hidden trader within ...

(Let's listen in as you meditate along with your trading guru)

You:    I believe trading is a process.
Guru:  You are reaching your calm inner place, my child. Keep your focus. Envision the pip.

You:    I believe in proven methodology.
Guru:  Excellent! Affirmations will only strengthen your inner resolve.

more...
 

As The Forex Turns

Astronomers tell us that the Earth spins on its axis at 776 miles an hour, while orbiting the sun at 67,000 miles an hour. Meanwhile the sun is orbiting the center of the Milky Way at 500,000 miles an hour, while our galaxy is moving through space at more than 1.2 million miles per hour. Getting dizzy yet?

Back to Earth. Let's throw a dart at the clock and see what's happening as testosterone-driven Forex traders the world over joust for pips and attempt to knock each other off their trading horses and rob the other guy of his daily bread. Remember, this is a billion-dollar-a-minute game.  more...
 

Stubby's Guide to Practicing Safe Forex

Q: Do I have to be married to safely trade the Forex?
A: No. Although married people engage in Forex quite often, there are many single people who trade with complete strangers every day.

Q: My parents say they never traded with each other when they were young and were only allowed to memo each other until they were twenty-one. How old do you think someone should be before s/he can trade?
A: Trading can be performed at any age, once you learn the correct procedure.

Q: If I trade by myself, will I go blind?
A: Certainly not... as far as I can see.

more...