Retail trading from home can be a lonely activity. Let’s be honest, even if you’re incredibly successful, your spouse and nearest and dearest won’t be that interested in the mechanics involved in trading, beyond the profits. Trying to hold a conversation involving a discussion on: spreads, indicators, technical and fundamental analysis, coding your MetaTrader platform, […]
The life of a Forex Trader Read More »
Of all the: terms, patterns, indicators and tools used in trading, the word, allure and concept of “Fibonacci” stands out as the most mysterious and evocative. It’s legendary use in mathematical calculus, lends it an authority not associated with the modern, most commonly used chart indicators, such as the: MACD, RSI, PSAR, DMI etc. It
Fibonacciand its Application to Forex Trading Read More »
We love to experiment as traders, if we didn’t have that capacity for intellectual curiosity and experimentation, then it’s highly unlikely we’d discover markets to invest in, or trade forex. Naturally, as part of our voyage of discovery, we begin to play around with all the component parts that make up what we’d describe as
The Heikin Ashi candlestick and its purpose in Forex trading Read More »
Trading is a cerebral profession, it’s neither a team, or an individual player sport. However, analysts, traders and market commentators often use sporting analogies to make our points. We’ll talk about having “the guts to get up off the floor”, as if losing a series of trades is similar to a concussed boxer trying to
Visualising Success as a Forex Trader Read More »
Gold futures closed higher, mostly on some safe haven and bargain buying at lower levels. Prices also found support from investor’s ahead of the European Union Summit meet later this week. Gold holdings of SPDR gold trust, the largest ETF backed by the precious metal, increased to 1,281.62 tons, as on June 18. Silver holdings
There’s been some fascinating developments in the world of Yoga in the USA lately. As with many activities and pastimes they move in phases and, using our trading terms, yoga broke out of it’s tight range a couple of years back and has stayed above the 200 MA ever since. Yoga is very popular in
Equities received a modest boost in USA in late trading on Monday evening as news emerged that Italy is apparently courting China trying to get it to buy as much of it’s ‘junk’ as possible. Apparently these negotiations have been conducted ‘in camera’ for weeks but only now the news has leaked. Desperation or inspiration,
Italians Wooing Chinese to Buy Italian Bonds Read More »
The USA Congress estimates that the war waged in Afghanistan since ‘911’ has cost nearly $450 billion. That sum is equivalent to handing every Afghan man, woman and child $15,000. That sum is also 10 years of earnings for an average Afghan, according to U.N. estimates. That paradox is replicated in many of the fiscal
Economic paradox and the taboo of default Read More »
The California Gold Rush of 1848–1855 began on January 24, 1848, when gold was found by James W. Marshall at Sutter’s Mill in Coloma, California. Approximately 300,000 people migrated to California from the rest of the United States and abroad to be part of the phenomena. Of that 300,000, approximately half arrived by sea and
There's snake-oil and then there's snake-oil Read More »
There were many amongst us in 2008-2009 who believed that insoluble medium term sovereign debt crises would be the ultimate result of rescuing the insolvent banking system by way of quantitative easing and continual bailouts (both secretive and published). As the dangerous portents of the crises return that prediction looks correct… According to a Bloomberg
Are the ghosts of 2008-2009 looking to haunt the markets again? Read More »
