One of the most respected credit agencies in the USA, Standard & Poor’s, has downgraded Greece’s credit rating this morning to that of an emerging market. S&P Dow Jones states that Greece no longer classifies as a developed market. Instead, the indices provider gives it “emerging market status” for the following reasons; the Greek equity […]
Many successful traders will testify that learning to trade was one of the most difficult challenges they’ve experienced in their adult lives. In many ways it’s impossible to fully describe the emotional roller coaster we ride to eventually find a system and strategy that potentially reaps rewards. The journey is incomparable to anything else experienced
Why managing your emotions when trading is essential to your development Read More »
So the biggest event of the day, the week and perhaps the month came and went and the market impact was negligible; the FOMC two day meeting ended today with a whimper not a bang. And once we’d stripped away the layers of rhetoric and sophistication the sum total of all that effort over two
FOMC meeting, no change and full steam ahead with Q.E. to infinity… Read More »
Eurozone retail PMI data from Markit showed a steeper drop in sales at the start of the final quarter of 2013. The Markit Eurozone Retail PMI remained below neutrality and declined to 47.7, from 48.6, indicating the fastest monthly rate of decline since May. In contrast, the average reading over the third quarter was the
The ‘three Ms’ of trading have been referenced many times in our trading blog; our mindset, money management and method are the three critical constituent parts that underpin our overall approach to trading, these three critical success factors are then imprinted in our trading plan which (as we’ve mentioned on numerous occasions) is never violated,
Are you about to give up on your trading method? Perhaps you shouldn’t be too hasty… Read More »
If ever an illustration was needed, to reveal just how the markets and the USA economy have entered a new normal ‘twilight zone’, then perhaps Tuesday provided it. The afternoon trading session allowed us to witness the complete dislocation between policy decisions, news events, the real state of the USA economy and the inexorable bullish
Japan’s government authorities published several reports in the overnight/early morning session. All came in positive and ahead of economists’ expectations. Retail sales improved by 3.1% year on year, household spending increased by 3.7% and unemployment fell to 4%. All things considered it’s an excellent series of results adding belief that the unprecedented monetary stimulus Japan
We’ve touched on the subject many times of how traders go through a form of ‘trader metamorphosis’ when they first discover trading. Once they’ve discovered the industry they’ll experiment with many different strategies, whilst also experimenting with many different securities to trade. They’ll win some lose some and generally be down, in terms of their
Picking an FX broker; what separates the best from the rest? Read More »
Once again we’ve received disappointing data from the USA as yet another ‘bell-weather’ indicator has missed economists’ expectations and by some distance. Pending home sales in the USA have fallen by 5.6%. The previous month had seen a surprise fall of 1.5% and the expectation was for a return to growth of 0.5% positive, therefore
Hot on the heels of the UK chancellor’s decision to provide 15% deposits for home buyers, to buy any property up to the value of £600K, last week the UK saw asking prices rise 10% in a single month, way beyond the house price hysteria experienced in the UK in 2006/2007. Not to be left
