I am often asked how the insiders decide on the target levels for accumulation and distribution, and this was something I struggled with myself.

In this module I want to explain more about the philosophy of learning to trade, of building longer term success, and how to build this on solid foundations.

Many new traders find it hard to believe, but there are as many tactics for trading as their are traders, and a quick look at the writings of the great traders of the past, and present reveals, not only the extent of this statement, but also that there is no general consensus about which tactics are the best to adopt, or which deliver the best results.

Bonds are the basic ingredient of the world's debt capital markets, and is where money is borrowed by, and lent to, governments, companies, organisations and countries.

No course on trading psychology would be complete without an overview of the brain, and how it can control and impact our trading behaviour. And here the two regions of particular interest to us are the amygdala and the pre-frontal cortex.

The CB Consumer Confidence Index is collated and released by a private non profit making company called the Conference Board on a monthly basis in the US.

And finally we have the LTRO or long term refinancing option from the ECB, which is a bit of a mouthful, but is simply the process by which the central bank, the ECB, provides financing for banks in the Eurozone. The intention is to provide a safety net of liquidity to ensure two things.

But how do we analyse this huge market to help us in our trading? And here the answer is yield.

In the commodity markets there are there three principle sectors, namely agriculture, energy and metals. Agriculture covers all the basic staple products such as wheat and corn, and soybean for which China is the largest market.

And moving to the commodity currency cross pair complex, and starting with the Canadian dollar, what we tend to find here, as indeed is the case with many currency pairs, is that those matched with risk currencies will tend to correlate relatively closely.