Reasons Why Most Active Traders Fail
August 27 2012 10:19 AM EDT
http://www.moneyshow.com/main.asp?scode=013358 Stuart McPhee, author of Trading in a Nutshell, discusses the main reasons why he feels that traders fail, and the fine balance between confidence and overconfidence.
EuroCrisis: Spain in Deep Recession
August 27 2012 9:56 AM EDT
Spain today officially downgraded its already feeble economic performance in 2010 and 2011. Spain's economy grew just 0.4 percent last year, not the 0.7 percent previously stated, the National Statistics Institute said. And output shrank 0.3 percent in 2010 rather than declining 0.1 percent, it said.
FX Education: Trading Strategy based on Pivot Point (Part 1)
August 23 2012 4:19 PM EDT
In my trading I am following a Pivot Point Strategy. I compare every day in the early morning at a certain time the Pivot Point with the previous day close. According to that comparison I open a Pending Order. That's it, that's all I do for my trading.
US Confidence Falls
August 23 2012 7:39 AM EDT
More Than 70% of Consumers Think the Economy Is in "Bad" or "Terrible" Shape and Nearly 1 in 4 Feel It Will Be Difficult to Purchase Things They Need Over the Next Several Months. Only 3% think the economy is in "good shape," as reported by a survey conducted by RetailMeNot and Ipsos Public Affairs
USD Gets Slapped After FOMC Minutes Heightens QE Anticipation
August 22 2012 3:47 PM EDT
The FOMC Minutes for the latest July 31-August meeting came out at 2:00PM EDT today. The market appears to be interpreting it as a sign of possible QE, at least as can be seen in the currency markets, where the USD softened across the board. QE basically increases the money supply of USD, and thus is seen as USD-bearish.
Top 100 Futures Trading Blogs by Commodity HQ
August 22 2012 11:05 AM EDT
Futures investing was the original means of establishing exposure to commodities. It was first utilized by farmers and other commodity producers in order to hedge against poor crop yields among other things.
Job Cuts in Germany
August 22 2012 9:36 AM EDT
German newspaper Boersen-Zeitung reports that industrial giant Siemens AG (NYSE:SI) may cut thousands of jobs in the fall. The action is described as "explosive," at least as far as a rough translation says.
Asian Shares Drop, But Euro Holds On ECB Hopes
August 21 2012 9:21 PM EDT
Asian shares fell Wednesday morning after recent rally, but the euro held near a seven-week high on hopes the European Central Bank will act to rein in surging euro zone borrowing costs and policymakers will find ways to keep Greece on lifelines.
US Real Estate: Home Prices Recover
August 21 2012 6:38 PM EDT
Rents Also Increase, Rising 0.2% from June to July, According to July Zillow Real Estate Market Reports. Home values continued to climb in July, increasing 0.5 percent from June to a Zillow® Home Value Index[i] of $151,600, according to the July Zillow Real Estate Market Reports[ii]. Home values were up 1.2 percent year-over-year.
Crunch Time for Central Banks
August 21 2012 10:13 AM EDT
Global central banks have promised to pump an unprecedented amount of money into the system. They are trying to mollify the effects from a global contraction in GDP and the growing likelihood of a war between Israel and Iran.
It?s a pity, Obama?s record on the US economy
August 20 2012 3:56 PM EDT
The focus last week on the presidential campaign was Congressman Paul Ryan, Mitt Romney's choice for VP, and his budget plan to cut taxes and cut spending. This week it is back to the economy and Obama's efforts to pull it out of the deepest recession since the Great Depression.
Republicans Hope, but Don't Change
August 17 2012 3:11 PM EDT
For much of the past few generations, the debate over balancing the federal budget has been a central feature of every presidential campaign. But over time, the goalposts have moved. As the amount of red ink has grown steadily larger, the suggested time frames to restore balance have gotten increasingly longer, while the suggested cuts in government spending have gotten increasingly shallower. In recent years, talk of balancing the budget gave way to vague promises such as "cutting the defici...
ICM Capital Relocates Headquarters
August 16 2012 9:57 AM EDT
London, 8th August 2012 - ICM Capital a leading provider of online foreign exchange and commodity trading services is pleased to announce it has moved its headquarters to a new London based corporate office to accommodate the company's fast paced expansion.
ICM Capital Reduce Spreads on Major Currency Pairs
August 16 2012 9:38 AM EDT
London, 15 August 2012 - ICM Capital, a leading provider of online foreign exchange and commodity trading services is pleased to announce, they have reduced their minimum spreads on foreign exchange trading across a range of major currency pairs.
No QE3 in 2012
August 15 2012 4:44 AM EDT
US Fed may not announce QE-3 until after the November election. Investors worldwide are worried that the ECB might not adopt an unsterilized bond purchase program while the US Fed might not announce QE3 ahead of the Presidential election.
EuroCrisis in Portugal
August 14 2012 3:17 PM EDT
Portugal's economy contracted in the second quarter, deepening the country's recession as unemployment hit a new high, weighed down by sweeping austerity imposed under a 78 billion euro (HK$747.2 billion) bailout program.
Italy Killing Ferrari, Lamborghini as Socialism Takes Hold
August 14 2012 9:23 AM EDT
Italy's luxury police hunt Ferrari owners. The government of Prime Minister Mario Monti is implementing 20-B Euros (US$25-B) in austerity measures as the country struggles with 1.9-T Euros of debt. The economy has contracted for 4 straight Quarters and unemployment has risen to a 13-yr high as consumer spending and industrial output fall. The downturn prompted Fiat, Italy's biggest manufacturer, to temporarily halt investments in the country.
Trading the Bullish Hammer Candle
August 13 2012 4:35 PM EDT
Interpreting Japanese candlesticks can give a trader important insight into market momentum. By understanding how to read candles, traders can often include them in their analysis to find areas of price continuations and possible reversals. Today we will focus on one candle that can help validate a charts reversal point. Let's learn to identify and trade the bullish hammer candle.
EuroCrisis: Germany will not Bail Out Greece
August 13 2012 3:51 PM EDT
Germany will not hesitate to veto further aid to Greece. A senior member of Chancellor Angela Merkel's party issued a stark warning to Greece Monday, saying Germany would not hesitate to veto further aid to the country if there were any signs it was not meeting the conditions of its bailout.
US Growth to Slow
August 13 2012 4:42 AM EDT
US Economists see slower growth, Fiscal Cliff ahead. About 90% of economists questioned for a prominent survey believe there will be a 'moderate' or 'small' impact to US economic growth in 2-H of this year resulting from the threat of the 'fiscal cliff' the US faces at the end of Y 2012.