Forecasting markets is as futile as forecasting the weather. Personally I gurantee it will rain , but when and by how much - I haven’t got a clue.
Andy Abraham
Myinvestorsplace.com
Abrahamcta.com
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Forecasting markets is as futile as forecasting the weather. Personally I gurantee it will rain , but when and by how much - I haven’t got a clue. For those of you who want to increase your forex trading knowledge and profitability, I will be speaking at the forex seminar on Sept 12 through the 14th. You will learn trading techniques as well as ways to ensure your safety and preserve your money. Everyone is searching for certainty when they invest. Trading has to be one of the biggest challenges as far as making money. Too many times people put on a trade and believe( insist) it has to work. Successful traders and trend followers think oppositely. They think how much will this trade cost me to see [...] John Mauldin believes Greece won’t be any more “contained” than subprime mortgages were in 2008. The shocks to the markets will be fascinating. Historically when there have been shocks to the markets, trend followers have benefited. Time will tell as it always does. Tweet This Post Thirty years ago to the day, Chicago trader Richard Dennis visited a turtle farm in Singapore and announced he would breed an elite set of traders the same way. His Turtle Traders programme went on to become one of the biggest success stories in financial history. There was a recent article in Bloomberg regarding Chinese Ghost Cities. It is totally shocking to see the worlds biggest housing bubble in the making happening under our eyes. China has been gobbling up the worlds commodities from coal to steel to build these empty cities. Jim Chanos has called China the next bubble to [...] Single Indicators are not the Complete Answer When Commodity Trading The Advantages and Disadvantages of Allocating to a Commodity Trading Advisor It seems the newspapers always have reasons why markets moved either up or down. People feel better when they have reasons. Had an interesting discussion with my wife regarding this. She told me the reason that silver went down( according to the newspaper she read) was because China was raising interest rates. My response was [...] Impulsive trading by commodity traders has to be one of the biggest mistakes that commodity traders make. One day they are long then the next they are short. These commodity traders do not have a time frame nor a plan. They do not even know which markets they are trading. They trade impulsively or based [...] |
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