The Online Investing AI Blog

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You can’t discount rational thought and hard financial figures, but lets face it: emotions and desires create and drive our markets–from baseball card auctions to exotic derivatives.

Even those economic numbers that we all say we monitor are filtered through the lens of emotions.

Of the emotional factors, greed and fear are the greatest contributors–or detractors, as the case may be–to moving the market. Greed can cause booms and bubbles. Fear can cause busts and depressions.

But, when you analyze your trading motivations closely, you might be surprised. Greed is just a twist on fear.

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Automated Trading, Investing, Money, Online Investing AI, Success, US Economy abundance, fear, greed, Investing, Money, trading, wealth

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Thanks to Indiana Jones, the Da Vinci Code, and, of course, Monty Python, we’re pretty familiar with the Holy Grail. (Apologies to my medieval studies friends out there, who have known of the Grail legends for years.)

The Holy Grail, some say, is a vessel of such divine power that it can, among other miracles, quench any thirst–or desire.

Investors over the years have looked for a financial Holy Grail with just as much ardor as the Knights of the Round Table. And, while winning systems have been found, the quest for the Grail continues. According to many experts, the best advice is: quit looking. The search is more Monty Python and less Indiana Jones.

That’s what Michael Covel, the Turtle Trader, thinks about the trading Holy Grail.

Traders and investors have always dreamed of magical formulas or Holy Grails enabling them to beat the market and reap huge profits, but pursuing grails only ends in disaster, skeptics warn.

But, just when you think all is lost, there’s a tantalizing clue to lead you to Investing’s most sacred relic…

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Accelerating Technology, Automated Trading, Investing, Money, Online Investing AI, Success, US Economy abundance, grail, holy grail, Investing, prosperity, wealth

What would happen if people could have their money work so hard for them that they never needed to work again? Our dream is that everyone in the world can live this scenario. We are firm believers that Automated Trading will revolutionize the investment industry as well as the world. And make it possible for everyone to invest their money with higher returns and lower risk.

How will this affect the world?

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Automated Trading, Dreams Come True, Investing, Success abundance, Automated Trading, countries, debt, food, giving, gold, Money, oil, Success

After a recent post about abundance, I started thinking. Abundance is so attractive and it is such a powerful way of thinking, but why is scarcity so common? Maybe I’m wrong, but it seems that there are a lot more people who believe in scarcity than believe in abundance. And this is even after The Secret became popular.

Why would anyone choose scarcity over abundance?

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Business Strategy, Dreams Come True, Money, Success abundance, beliefs, family, happiness, Money, scarcity, Success, the secret

After watching The Secret, it really made me think about how we attract things into our lives, and how our beliefs create our world. It sounds stupid and metaphysical, but I really believe it’s true. It applies to every aspect of our lives, including money.

Many people go through life penny pinching and believing that there is not enough money available for them. And, since there is not enough for them, they don’t even think about anyone else. I suppose that there is not enough money for other people as well. At least in this scarcity paradigm.

In contrast, there is the opposite point of view: that money is available in abundance, and we can have as much as we want. We don’t have to lie, cheat, or steal to get it.

Why is there so much criticism about The Secret?

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Dreams Come True, Money, Success abundance, finances, happiness, jack canfield, Money, oprah, scarcity, Success, the secret

What’s the one thing that’s free, found in ready abundance, doesn’t need to be mined or manufactured, and is happily lent and offered?

An opinion.

Opinions are omnipresent for traders. You can check out CNBC and Fox Business. You can read the Investor’s Business Daily or check out the Wall Street Journal.

Then there’s blogs… I write that hypocritically.

Being connected to so much information and opinion is a good thing, right? It’s part of the whole Singularity where everything will be composed of information, right?

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Internet, Investing, Money, Online Investing AI abundance, CNBC, finance, Investing, Investor's Business Daily, mistakes, Money, opinions, talking heads, traders, trading, Wall Street Journal, wealth

There have been some trends in the last few years that are really fascinating. One big one is the book and movie The Secret. The idea that we can create anything we want is becoming more and more popular. In addition, the concept that money and everything else we could ever want is available in infinite abundance is very appealing.

Another trend that is very prominent in blogs is the practice of frugality and living below our means. For many of the blogs I read, it seems that the most popular posts are about how to save money. Here’s a recent one that was very well read about how to make your own laundry detergent. The cost savings? If you do 1 load a week, 16 cents. That begs an important question:

Is 16 cents really going to make a difference in anyone’s life?

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Internet, Money, Success abundance, blogs, financial success, frugality, Internet, laundry detergent, making money, Money, saving money

Most people who start out investing are interested in learning about specific strategies. They learn about the details of rates of return, and the differences between mutual funds and buying individual stocks. They find out about the requirements for getting a mortgage, and how to deal with the issues related to rental property.

There is one small challenge to this approach. Before we can succeed with any of these individual strategies we have to have the right mindset. It’s like planning a long road trip before making sure our car will make it. Before we get in our car and start driving, we need to make sure that there is enough oil and coolant, and that the brakes are OK. We wouldn’t want to get stuck in the middle of the desert because there wasn’t enough coolant.

Yet this is exactly what most people do when they start investing. Without having the right mindset, we just start out by buying stocks or mutual funds. The problem is that our mindset is the ultimate source of all of our decisions. We will not be able to successfully make investment decisions until we set our brains up for financial success.

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The automated Trading revolution is just beginning. Most people are totally unaware of how it works and what it can do for them. Here are some predictions about how Automated Trading will improve our lives.

Investing will Become Safer
For most people, investing is a risky and uncertain activity. At best, they are subject to the ups and downs of the market. The best advice they can get is “Invest for the long term.” Indeed, many investors have seen their retirement portfolios decimated in the recent market downturn. Automated Trading will allow investors to receive a much more consistent return and allow them to feel more comfortable.

In addition, investors using Automated Trading systems can control their own accounts. This will prevent their funds from being stolen by by thieves like Bernie Madoff. Since fraud is one of the major risks of investing, reducing this risk will make it much safer. Read more…

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After reading a wonderful post on Happiness is Better, I was really inspired. The post documents the blog author’s experience in Forex trading. What’s really interesting is that he is just learning how to trade Forex, and is not yet an expert. It’s like he’s sharing his experiences of the learning process, and we can learn at the same time.

It seems that this is really a significant paradigm shift. In the old world, information was a business’s most precious resource. Patents, technology secrets, and copyrights protected a business and individuals against people trying to steal from them. But the Internet and the blog phenomenon has created a new way of thinking. Now, it’s all about,

What information can we give away that will create value?

Investing knowledge was treated the same way as a trade secret. People did not want to share how they made money through stocks, Forex, or real estate. They were afraid that other people would copy them and the writer would lose money.

Read more…

Dreams Come True, Internet, Investing, Money, Success abundance, blogs, forex, Internet, Investing, Money, Success