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I think this kind of information is very helpful, and I would have appreciated it if some of these ideas were sprinkled throughout the book a little more. Overall though, I really did enjoy the approach in this book. The book does a good job accurately summarizing the problems facing Wall Street, and the general investing public. For this reason, it may be of interest and I recommend taking a closer look at the book on Amazon.
I also encourage you to check out the short video book review. It has become increasingly clear in the past few years that economic markets are volatile and nothing should be taken for granted. We have seen fluctuations in markets across the globe that have proven that even the most diversified and well invested portfolio is not immune to market changes.
While traditional stock and bond trading remains a relatively popular investment option, new trading markets have evolved. One of those is the currency market, also known as the forex market. This market has grown exponentially over the years and is closely linked to the growth of the internet. For a deeper explanation about trading on the currency markets and trading online worldwide, visit this page.
While you may have a real thorough understanding of stocks and how the stock markets work, you may have never even heard of online currency trading.
The basic idea behind the market is relatively simple; like stocks, the values of currencies fluctuate over time based on supply and demand. Traders buy and sell these currencies, making profits by buying low and selling high, just like stocks. The tricky part to forex trading is that you have to understand how currency markets are likely to react to different events, circumstances, and the results of trading online worldwide.
For example, the recent presidential elections in the United States had a huge impact on the value of the Mexican Peso, United States Dollar, Japanese Yen, and many other currencies. Traders that had an inkling about these changes had the opportunity to make a lot of money by purchasing or selling the right currencies at the right time.
The nicest part of the forex markets is that they enable trading online worldwide since the market is decentralized and accessed via the internet. This means that traders do not need to move from their couch in order to perform a trade. A lot of people like the level of freedom that online trading awards them because they can trade whenever they have some free time or a spare moment.
For example, most of the major brokers are regulated by international agencies. Lastly, the best brokers offer you a treasure trove of information to help educate yourself about the forex markets and how to successfully trade on them. You need to have a good understanding of online trading if you want to truly be successful, meaning that you need to invest time and effort into learning about the industry.
Who knows, may even make it big and hit the jackpot by trading currencies online. I really think the Canadian financial services landscape is at a very interesting point. On one hand, the big banks are making record profits. But on the other…. Financial technology fintech companies are nipping at their heels like never before.
One of the key drivers, as shown below, is that Canadians are finally getting more comfortable with digital banking and online financial services. Can the banks adapt? Curious to learn more? Check out the executive summary. Or take a look at the infographic below…. You have to face facts — the currency market is becoming more difficult for traders. The markets are battling to make money as liquidity is drying up and investors are reluctant to take risks, which amounts to quicker currency terms.
Where it once took weeks and sometimes months for prices to adjust, now in it is happening very quickly, creating stress for traders. This is why it is so important to choose your broker carefully.
In forex trading, for instance, there are a host of issues that confront traders. A trader therefore wants their broker to have a responsive customer service department — those who will attend to your requests promptly. With spread betting you want answers and CMC Markets , a UK-based financial derivatives dealer, offers online trading in spread betting, a tax-efficient way of leveraging the financial markets.
CMC Markets will predict where a price of anything will stand at a specified time in the future. The prediction is in the form of a spread which is the range between low and high estimates. The trader than bets on those prices, buying at the high price if they believe the price will rise from current levels and selling at the low price if they believe it will fall. Traders can take a position against the value of an underlying financial instrument moving down- or upwards in the market place.
The advantage in this is that the trader can also make money on a stock that goes down. With spread betting, apart from stocks and shares, there are other money market instruments like currencies, indices, gold, oil etc that have spreads to bet on.
The main benefit is being able to bet on things going down — to make money during the good and the bad times. What this does is it frees up the rest of your money to spend as you wish elsewhere. You can therefore have many bets placed at the same time, as opposed to having all your money put on one single action.
Spread betting allows for potentially greater gains. You can make a bet without taking down the full value of the position. Your funds are not tied up in one trade, and you can use the rest for other investments. Some other benefits of spread betting are: Spread bets are a simple but effective way to invest in financial markets. Its advantage lies in that fact that it offers trades a stake in a larger number of shares, meaning the gains can be far higher than if they just bought the actual shares.
Rosland Capital recently released an informative infographic which I posted below. Given the big moves in gold and the growing prominence of bitcoin, it makes sense to try and learn get educated about them, especially with the US Presidential coming.
If you look at spread betting and traditional stock investment casually, it might be difficult to understand the difference. With stock market investment, you are buying up small pieces of different companies. With stock, you are a real owner of a portion of a company. With spread betting, there is no ownership whatsoever.
Second, stock investing and spread betting are totally different in the risk incurred when waiting for that return. With stocks, prices can and do fluctuate very quickly.
Spread betting is totally different. No matter how many stocks you are focused on you might be betting on the whole stock market! Third, stock market investment and spread betting take place in entirely different platforms. October 21, Janet Jackson releases "Rhythm Nation".
Solar panels generate heat. Tweets from "of what some call second world war". See the beautiful new "top notch" iPhone on your Android. Equifax accidentally sent customers to a fake identity security monitoring site. Greenpeace co-founder warns of global climate change science scam. The Equifax data breach could bring Democrats and Republicans together to "drain" this kind of swampy situation.
Hurricane Betsy was miles wide. Movie money circulates in a small town. See how the eclipse will look based on zip code.
Life in the United States. Cheesecake Factory being sued for allegedly tricking customers into giving bigger tips. Syrians are returning home.
Equality isn't always fair. Right to repair bill killed. Trump being sued for blocking critics on his Twitter feed. Eggs need no refrigeration when they are not washed. China says it will deal with it's pollution problem by creating skyscrapers that act as air filters. World population to surpass Georgia's special election winner is Karen Handel and Trump was right about her competition not living in district served.
Thursday June 15 Adam West is honored by the city of Los Angeles, lighting up the sky with the "bat signal". Artificial intelligence aka Fake Intelligence used by courts may need to be inspected for computer generated bias.
Trump being sued by Democrat state attorney generals. Man keeps mowing lawn while massive tornado looms in the background. Portland Mayor claims hate speech is not 1st amendment right -Supreme Court has repeatedly disagreed.
Massive landslide closes California coastline road with 40 feet of mud and dirt in Big Sur. Homeland Security reports there are more Canadian visa over-stayers than Mexicans. Sweden drops Julian Assange of Wikileaks rape investigation. Some believe having pets instead of children should be considered a disorder. Homeowner sues Zillow, says their "Zestimates" are nonsense. Lee statue to be removed [he privately opposed the Confederacy].
Some book authors have actually said "Don't buy my book". Article 13 on the Universal Declaration of Human Rights declares the right to leave any country , including one's own, to be a fundamental human right.
On May 5, Mary Dixon Kies patented a new technique to weave silk, straw, thread. Rachel Maddow forced to retract claim about the US president's donations having falsely stated Venezuelans were protesting Trump.
Official orders to "buy American" may not work in America's free markets. They're starting kids off thinking inside the box. Smartphone controlled mug keeps coffee warm. Water vapor is the world's most threatening greenhouse gas. Stop Google News from switching immediately to links you click on. Barney Frank best explains how to communicate your goals and ideas to lawmakers.
Oregon's ballot initiatives give power back to parents instead of government in the decisions as to whether to inject things into their children's bloodstream. U-turn made on EPA allowance for California requirement for auto makers to make electric cars under Trump. A computer's blinking LED can let hackers steal data. Moon dust now belongs to a civilian woman, not NASA. Trump claims health care reform must be done first before tax cuts.
Mosquito control district claims they need to spray risky pesticides in the air in Indio California to control a mosquito that's everywhere! Apple joins other high tech companies to challenge the travel ban.
Trump nominates conservative judge Neil Gorsuch for Supreme Court, now there's 5 steps to confirmation. Trump's ban on Muslim countries could spur similar bans against Americans. Soon you may be able to smoke your smart phone youtube video. Technology has made trading easy and affordable.
Time and distance has been as well removed in trading. Most of all anybody can now become a trader with a token. It can be true that the big player who bet millions dollar on forex is taking a profit from all small trader. Wow that was amazing. I can see how much emotion is involved with a lot of these guys from the chain smoking and chewing their thumbs off in anticipation. Also good in the second part to see the two characters on opposite sides of the trade. Would not be able to see this elsewhere so thank you very much Nial.
Diet may be important due to metabolic influence on high execution success rates. Price Action requires exceptional focus of an extraordinary level. Price follow through must be realized before entry and close before house out.
This occurs within 1 minute. Any distraction whatsoever causes the highest losses, because the trader missed the cut-and-reset opportunity. Digesting food and economic news to understand where the price should be fundamentally is not a viable short-term strategy. Price action trading and rolling profits into a long-term strategy account is good if you enjoy break-even trading. Especially, a long-term position with a supporting contraian hedge. This is a eye opener!
Nial thank you for the information. As it mentioned on the video the hongkong trader bet mill but take profit only USD20, So for us a small trader betting win pips is always ending up as a loser trader. Thank so this amazing video.
This video is defienately an eye opener to how much the big players influence the market. Please keep them this coming! Are the big guys still trading like that these days, no chart, no indicator? Thanks Nial for showing us these vids. It shows us how lucky we are with charts these days.
This remains the same even with all the changes. If our ego gets in the way we will loose money. Nial, very insightful videos, you need to post more of the like…thus gives us little guys insight into the real world of trading, i. Thus, that is why I hear the smart money sells when they really are getting ready to buy big…funny how the market works, but these kinds of vids give us little clues we would not otherwise get elsewhere, if u know what i mean.
Again, thanks Nial, please share more of this kind of stuff. It definitely can make a difference. A real eye opener! Good leason on keeping ego out of it, and waiting for the right moment. Hi Nial, great selection of movies. Cool trading, looks the most pure form of price action, they traded with only price and nothing else, not only no indicators but also no charts.
Thanks Nial for the video, the news trading part made me realize something while watching the video. I have not seen a single chart? Just following very recent momentum accordingly to fundamentals? I like the Hong kong sting. No ma or rsi. Your email address will not be published. Any Advice or information on this website is General Advice Only - It does not take into account your personal circumstances, please do not trade or invest based solely on this information.
By Viewing any material or using the information within this site you agree that this is general education material and you will not hold any person or entity responsible for loss or damages resulting from the content or general advice provided here by Learn To Trade The Market Pty Ltd, it's employees, directors or fellow members.
Futures, options, and spot currency trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don't trade with money you can't afford to lose. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed in any material on this website. The past performance of any trading system or methodology is not necessarily indicative of future results.
Forex, Futures, and Options trading has large potential rewards, but also large potential risks. The high degree of leverage can work against you as well as for you. You must be aware of the risks of investing in forex, futures, and options and be willing to accept them in order to trade in these markets.
Forex trading involves substantial risk of loss and is not suitable for all investors. Please do not trade with borrowed money or money you cannot afford to lose.
Any opinions, news, research, analysis, prices, or other information contained on this website is provided as general market commentary and does not constitute investment advice.
We will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.
Please remember that the past performance of any trading system or methodology is not necessarily indicative of future results. Checkout Nial's Professional Trading Course here. John July 14, at Victor December 5, at Great video though… Reply. DEV June 2, at Rahan January 13, at 5: Have you seen their top technology items… Touch screen to go faster!
So great because this is TRUE life. Cobus December 30, at 6: Just watching this series is an Adrenaline rush!