A Must Read for Traders: The Black Swan

Regardless of the asset class traded, there are basically two types of traders - technical and fundamental - and neither group predicted the financial collapse, let alone its aftermath last Fall. The reason they didn't can be attributed to a shared lack of awareness. They failed to take into consideration a phenomenon Hassim refers to as "The Black Swan".

If you are a trader and aren't familiar with the concept of randomness and its affect on trading, you may very well find yourself suffering huge, unanticipated losses and it doesn't make any difference whether you're trading forex, stocks, bonds, or options.

Click on the black swan book cover in the right hand column to learn more. At 63 I'm not just a little over the hill, but there's little doubt this is the most enlightening book ever written about the inherent value of a conservative trading style.

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