I became a winning trader when I was able to say,
"To hell with my ego (when I'm wrong), making money is more important."
"Every winner needs to master three essential components of trading; a sound individual psychology, a logical trading system and good money management. These essentials are like three legs of a stool - remove one and the stool will fall, together with the person who sits on it. "
"Don't call the market a bull or a bear --it can switch-- just ride the trend"
"When all the experts and forecasts agree – something else is going to happen."
“Markets can remain illogical longer than you or I can remain solvent,”
Dr. A. Gary Shilling
"Time is your friend; impulse is your enemy"
John (Jack) Bogle
"Simplicity in trading demonstrates wisdom. Complexity is the sign of inexperience."
“You cannot teach a man anything; you can only help him to find it within himself.”
"A whole lot of bulls make a bear"
We must recapture 9350 in order for the bulls to fight back led by Draghis QE ....
If we fail to hold 5830 , then we test lower at 5770 and 5650 .
FTSE 100 is expected to hold support at 5880 if copper holds $2 and crude oil can hold double bottom support at $32 respectively.
The support level on S&P 500 and Shanghai index will also determine the next direction of the FTSE . All eyes on the Yuan for the next direction of the market.
Support ; 5875 , 5815
Sorting through and choosing from a wide array of options isn’t easy, especially when you have no clear idea of what you really need. This is all the more true when it comes to zeroing in on a suitable broker for trading in forex. Here we’ll attempt to arm you with a few tips regarding what to watch out for while hunting a broker forex trading:
1. Security Offered
The first and foremost concern of yours should be security. In other words, check if the broker you’re hiring is really worthy of your trust. In order to avoid being defrauded out of your valuable money, do a thorough background check on your broker, especially whether they’re a member of the market regulating agency of your country, e.g., the CFTC in the United States and PRA of the UK.
2. Cost of Transaction
Transaction costs are a given in forex trade. You have to spend on forex spread, or you have to spend on a commission. So you…Continue
DAX certainly has short squeezed higher after completing its H&S target at 10140 . The +150 point gap higher is expected to dissipate as Asian markets have failed to sustain the bullish tone from the US overnight.
German and EU ZEW data will dictate sentiment as the DAX is expected to hold the pivot low at 10140.…Continue