Author name: Steve Burns

After a lifelong fascination with financial markets, Steve began investing in 1993 and trading his accounts in 1995. It was love at first trade. After more than 30 successful years in the markets, Steve now dedicates his time to helping traders improve their psychology and profitability. New Trader U offers an extensive blog resource with more than 4,000 original articles, online courses, and best-selling books covering various topics.

What is Stagflation?

In economics, stagflation also known as recession-inflation is a situation in which both the inflation rate is high while the economic growth rate slows at the same time the unemployment remains high over time. It creates a problem for monetary and economic policy makers because actions taken that are intended to lower inflation may make

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cantillon effect

Cantillon Effect

A Cantillon effect is a change in prices related to one another that was caused due to a change in the money supply, first discovered by Richard Cantillon an 18th-century economist. History shows that some assets are favored over other ones when extra money is available in the economy for spending and investing. These preferences

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best economics books

Best Economics Books

Here are 50 of the best economics books every published based on the list in 50 Economics Classics: Your shortcut to the most important ideas on capitalism, finance, and the global economy by Tom Butler-Bowdon. Milton Friedman: Capitalism and Freedom Friedrich Hayek: The Use of Knowledge in Society Deirdre McCloskey: Bourgeois Equality Karl Marx: Capital Ludwig

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best psychology books

Best Psychology Books

Here are 50 of the best psychology books every published based on the book 50 Psychology Classics Second Edition: Your shortcut to the most important ideas on the mind, personality, and human nature. by Tom Butler-Bowdon. 1 Alfred Adler Understanding Human Nature (1927) 2 Gordon Allport The Nature of Prejudice (1954) 3 Albert Bandura Self-Efficacy:

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History of Cryptocurrencies

History of Cryptocurrencies

After Bitcoin cryptocurrencies continued to grow and develop in many different ways. Below is a list of the most notable and innovative cryptocurrencies in chronological order by creation that have remained active.  Creation year/Cryptocurrency/Ticker/Founder/Purpose and design 2009: Bitcoin BTC creator Satoshi Nakamoto: The first and most widely used decentralized ledger currency, remains the one with

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highest shorted stocks today

Current High Short Interest: December 2021

A list of the current most shorted stocks today can be the place to look for deep dip value buys. The stocks with the highest short interest across all major U.S. stock exchanges should be on most stock traders watch list and stay updated on it for potential future short squeeze opportunities.   These company stocks have the highest percentage

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best day to buy stocks

Best Day to Buy Stocks

Historically there has been a pattern of stocks selling off on Monday’s. The pattern has varied each year but it remains a pattern even over the past few years. This tendency has been so pronounced that a book was even written about it in 1987, “Don’t Sell Stocks on Monday” by Yale Hirsch. Each day

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dragon portfolio

Dragon Portfolio

With buying and holding stock index ETFs becoming thought of as the holy grail of investing by everyone from Warren Buffett to young financial planners in this post we will look at alternatives. Too many young investors now believe that an index virtually guarantees a +8% annual return over most 10 and 20 year periods.

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TOKENOMICS

Tokenomics

The new blockchain economy is being created online through the utility of both fungible tokens (cryptocurrencies) and non-fungible tokens (NFTs). A token is a digital unit of a cryptocurrency or NFT that are used as an asset or to represent a particular use on the blockchain. Tokens have many types of uses, but the most

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bitcoin dominance

Bitcoin Dominance

Within the cryptocurrency world, the Bitcoin dominance ratio is one of the first metrics created to quantify the strength of the bitcoin price in relation to the total altcoin market cap. It measures the bitcoin market cap relative to the overall value of the cryptocurrency market, it effectively shows the strength of bitcoin compared to

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Web 3.0

What is Web 3.0?

There has been three distinct World Wide Web phases so far in its evolution.   Web 1.0 was the first stage of the World Wide Web’s evolution that lasted from approximately 1991 to 2004. The first phase had fewer content creators than later phases. Most users on the early internet were simply consumers of website content,

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