Thinking is Power: How to do your own research

By: Shop Manager 2

Posted on: June 9, 2023

If we listen to the science, we can attempt to take the best path possible forward through the greatest challenges facing modern society. We can choose to ignore it, but if we do, the consequences will only increase in severity. And yet, there are major cities in the world, like Portland, OR or Calgary, Alberta, where the public or city council, respectively, has voted (in the case of Portland, repeatedly) to not add fluoride to their drinking water. As expected, the typical cavity rates in children — when controlled for socioeconomic demographics — are about 40% higher than in places where the water is fluoridated, hitting those of lower economic demographics the hardest.

• Nowadays, anyone can establish a .org site and put whatever they want on it, whether it is truth or fake news.
• These, you might also have to do further research on — who is writing them?
• It can take months or years to gain the background knowledge to understand a research article in a complex field.
• These facts entail that the attractions of doing one’s research are genuine.
• Marginalized groups who have legitimate reasons to be wary of institutions often benefit from outside research and expertise (e.g., Bond et al., 2021).
• Things could go wrong here and there, and you can always adjust dates, but it is very important to have a schedule, ideally broken down further into weekly targets.

Unfortunately, there’s much the public doesn’t understand about science, including the enduring myth that science proves. However, if you’re really convinced nearly all of the world’s experts are wrong, become https://www.xcritical.com/ an expert and do your own (real) research. While these provide useful information, especially if the results are in line with other measures of the consensus, they aren’t as reliable as literature reviews.

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In other cases, non-experts may make important contributions without making any true claims. A non-expert might be able to pose a challenge to the consensus view to which the genuine experts are unable to respond immediately, but which motivates them to extend their theory in productive ways. Both evolutionary theory and the science of climate science plausibly benefitted from ill-motivated attacks by non-experts, which nevertheless identified gaps or obscurities and led to their filling (see Dennett, 1996 for examples from the history of evolutionary theory). Reading tertiary sources prepares you to move to more in-depth sources–books for beginners, magazine articles for laypeople, etc.

Likewise, the sheer volume of information online means that important revelations can be lost in the “infoglut” (Andrejevic 2013). But on many questions we can produce evidence against the official story through exploratory inquiry. Inquiry is exploratory only if we’re disposed to take our failure to confirm the official story as evidence that our inquiry is defective, rather than that the story is false. A sufficient number https://www.xcritical.com/blog/how-to-do-your-own-research-dyor-before-investing-in-crypto/ and variety of attempts to fail to confirm the story can begin to provide evidence against it. Engaging in exploratory inquiry can thereby reap the epistemic benefits of truth-directed inquiry—it can yield truths that might otherwise be hidden—while minimizing the risks. The (very unlikely, but very valuable) possibility of uncovering a conspiracy or bringing to light new evidence is one epistemic benefit of lay research.

Do Your Own Research: Conspiracy Theories and the Internet

You can be expert at telling reliable cardiologists from quacks without knowing how to separate serious authorities from pretenders on economic policy. Their experience makes them less willing to listen to well-informed advisers than they would have been otherwise. Even if you don’t have access to libraries with deep enough pockets to acquire science-specific journals, it’s likely they’ve been maintaining a repository of COVID-specific information for people in your area. ProQuest in particular has a COVID-dedicated collection that they’ve offered to institutions. But you can also use what’s been made available to you — even the smallest regional libraries should have at least some version of a database package with general authoritative information. After all, we can thank science and resulting technology for our modern quality of life.

A study found that U.S. consumer injuries from pneumatic nail guns increased about 200 percent between 1991 and 2005, apparently as a result of the increased availability of nail guns that were affordable for nonprofessionals. (Yes, it’s very meta.) Synthesis reports aren’t always available, but if they are, they provide excellent evidence of a consensus. To find research syntheses, search for your keywords and the words “systematic review” or “meta-analysis.” Be sure to check the quality of the journal, and keep in mind that syntheses are only as good as the research that goes into them. What this means, besides being a familiar and famous quote from The Mummy (1999) starring Brendan Fraser and Rachel Weisz, is that I have extensive formal education in Doing Research.

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This fraud-driven controversy created an enormous public health disaster that’s still ongoing today. For example, you don’t have to be a scientist in a lab to do legitimate research, because not all research is original scientific research. Also, do we really want to tell people that they shouldn’t do research to become better informed? Do we want people to get into the habit of believing whatever those in authority tell them to believe, without even asking questions or seeing supporting evidence?

On the other hand, having watched hundreds of people “doing their own research”, I also know it can go very, very wrong. Many people just don’t have a very clear idea of what research is, or how to do it. The phrase “do your own research” (DYOR) was made a slogan by American conspiracy theorist Milton William “Bill” Cooper in the 1990s (Ballantyne et al., 2022) and has been frequently used by anti-vaccine advocates online since the 2010s (Kata, 2012). These calls encourage individuals to seek additional or alternative sources of information, verify facts, and examine evidence to make informed decisions that best suit one’s individual circumstances. 10The distinction between exploratory and truth-directed research is orthogonal to the distinction between shallow and deep research.

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Find her exclamations about books and pho on twitter (JessIsReading) and instagram (jess_is_reading). The process of systematic disconfirmation is designed to root out confirmation bias. Those insisting on “scientific proof” before accepting well-established science are either misled or willfully using a fundamental characteristic of science to avoid accepting the science. Scientists set out to disprove their explanations, and when they can’t, they accept them. (And scientists LOVE to disagree. Anyone who thinks scientists are able to conspire has never had a conversation with one.) The best way for a scientist to make a name for themselves is to discover something unknown or disprove a longstanding conclusion. The literature is also messy, as different studies provide different types and qualities of evidence.

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What is the Role of Volume in Forex Trading?

By: hpcadmin

Posted on: June 6, 2023

“When I look at bitcoin potentially rolling over, that doesn’t bode well because I consider that the bellwether for speculative fervor.” As for options trading, Sosnick notes that the same phenomenon — buying out-of-the-money call options that was so popular in 2020 — continues. The volatility of the value of a broker’s daily transactions is dependent on the number of active clients the broker has.

Trending markets or range markets can be spotted by analyzing the value area. But keep in mind the trend can be changing very fast this type of analysis only works with probabilities. For using the Volume Profile correctly you have to trade and analyze the future contract of currencies (example 6E for EURO/USD future). By using the Volume Profile with the MetaTrader you will not get the right data of the volume. From our experience, it is useless to trade with the MetaTrader and analyze the volume. It is not the real data because the brokers do not provide it.

What is trading volume?

As a forex trader, you may wonder what the average trading volume is for a forex broker. This should give you greater confidence in the safety of your investments when trading with these brokers. In summary, choosing a high volume broker can be a smart https://www.xcritical.com/blog/how-to-increase-your-brokerage-trading-volume/ move for traders who value efficiency, cost-effectiveness, and security when executing their trades. You can read my articles about the best forex brokers on this page. They are valleys (or significant drops) in volume at or around a price level.

• Volume-based strategies don’t necessarily need to incorporate clever mathematical principles to be effective.
• ETFs are essentially mutual funds that are bought and sold just like individual stocks on a stock market exchange.
• The volume of trade is a measure of the market’s activity and liquidity during a set period of time.
• For example, suppose company ABC’s stock increased in price by 10% over the past month.
• Liquidity providers in forex are organizations that offer their clients foreign exchange trading services.
• Traders can see where is the most volume and less volume is traded on the price and interpret the market movements.

Read our article on how to buy stocks for step-by-step instructions on placing that first trade. The scoring formulas take into account multiple data points for each financial product and service. Our partners cannot pay us to guarantee favorable reviews of their products or services. Asktraders is a free website that is supported by our advertising partners. As such we may earn a commision when you make a purchase after following a link from our website. The cumulative nature of this sequence continues, so that on day five, the number is added or subtracted from that of day four, which is a number based on the data from days one to four.

Iron Condors: The Complete Guide With Examples and Strategies

Trading volume is a measure of how much a given financial asset has traded in a period of time. For stocks, volume is measured in the number of shares traded. For futures and options, volume is based on how many contracts have changed hands. Traders look to volume to determine liquidity and combine changes in volume with technical indicators to make trading decisions. In this article, we’ll be ranking the busiest forex brokers according to their trading volume so you can make an informed decision on who to use.

On this page, we showed you how to use the Volume Profile by the ATAS trading software. But you should be aware if you get the right data for the analysis. You need the real trading volume of the stock exchange to make a professional analysis. The VPOC means the most traded volume on the price for a https://www.xcritical.com/ certain time period. The volume area with the 2 boundaries (volume area high and low) shows you an area where is the most volume is traded. There are different settings of the Volume Profile and you can adapt this tool to your trading style and strategy which we will discuss in the next sections.

What Is A Volume Profile Chart?

Increased buying volumes, with a price hike, signals that buyers are in control. Similarly, sellers are in control when prices are declining. On the other hand, analyzing volume trends in forex trading can help you identify potential price movements and make informed trading decisions. By knowing which brokers have high volumes, you’ll have access to more liquid markets and better opportunities for profitable trades. Big funds, which are the ultimate drivers of prices, are well aware that their actions can distort the market. If the real money is keen on taking a position, it has to build its position with a degree of patience or else its own buying activity can drive price away from the target entry price.

As a result, the average trading volume for a forex broker can vary greatly depending on these factors. Profile High – The highest reached price level during the specified time period. Note that many of the brokers above have no account minimums for both taxable brokerage accounts and IRAs. Once you open an account, all it takes to get started is enough money to cover the cost of a single share of a stock and the trading commission, if charged. On these measures, the brokerage firms below earned their place on our list of the best online brokers for stock trading. Read on to see our picks, alongside links to our investing team’s in-depth reviews on each broker.

Trading Volume and Price Reversals

They can therefore provide superior pricing and execution to forex traders looking for the very best trading conditions on the market. Looking at volume patterns over time can help get a sense of the strength of conviction behind advances and declines in specific stocks and entire markets. The same is true for options traders, as trading volume is an indicator of an option’s current interest.

The chaotic environment and increased volatility could result in unexpected losses. So, you’ve now discovered the top forex brokers by volume ranking and understand the significance of trading with high volume brokers. Market volatility and the impact of new trading technologies can cause a significant fluctuation in a broker’s volume ranking over a short period. Traders use this indicator to watch for price increases with increasing volume and vice versa (prices close lower with volume trading assets with lower intraday price ranges). Our post about how to choose the best broker for you can help you sort through the features brokerage firms offer and rank your priorities. TD Ameritrade meets the needs of both active traders and beginner investors with quality trading platforms; $0 commissions on online stock and ETF trades; and a large selection of mutual funds.

Top Brokers

This offers useful signals regarding the direction in which the price is likely to move in the future. By choosing a broker with high trading volumes and an excellent reputation in the market, you can benefit from lower spreads and faster order execution. Regulation enforcement is crucial in ensuring broker accountability and transparency. As a trader, it’s important to know that your chosen broker is accurately reporting their trading volume and not engaging in any fraudulent activities.

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