There is a big difference between "Trading" and "Investing". Investors research companies and then based on the fundamentals of the company they buy stocks for the longer term and expect the growth prospects of the company and the industry and the overall economy to take care of the growth of their portfolio. "Active trading" on the other hand is much more like a full time job. It requires watching your investments much closer and buying and selling more often. Thus the commissions you pay are much higher and so finding a broker with low fees is also critical. Position Trading (Long Term) According to Investopedia "Many position traders will take a look at weekly or monthly charts to get … [Read more...]
Where is Gold Going From Here?
In today's editorial, David Banister takes a look at Gold and where it could be going. He provides an excellent possible scenario that matches with my views and experience exactly. He is projecting a rally to the $1500 range with a pull back from there and a major take-off for the final wave to the blow-off top from there. This is exactly what we would expect based on Elliottwave patterns. Tim McMahon- editor How long and how high for Gold, and how to play it David Banister-www.MarketTrendForecast.com Regular readers of my articles on Gold over the past few years know that I have a theory on this Gold Bull market. In summary, it’s that we are in a 13 Fibonacci year uptrend that … [Read more...]
Get Your Free Report: How to Use Bar Patterns to Spot Trade Setups
Greetings reader, Our friends at Elliott Wave International, the world’s largest market forecasting firm, have just updated their free report, How to Use Bar Patterns to Spot Trade Setups. With thousands of downloads, “Bar Patterns” has always been a huge hit with traders. But now it’s been packed with even more ways you can use common bar patterns to spot high-probability trading opportunities: 30 charts across 15 pages! Don’t miss out on this opportunity to learn simple new ways to spot valuable trade setups in the charts you view every day. Download Your Free Bar Patterns Report. … [Read more...]
Free Candle Stick Guides
If you are a trader and not using candlestick charts, you are missing a lot of profitable trades. So here are a couple of Free Resources to get you started. Free Candlestick Reversal Pattern Guide Basic Candlestick Momentum analysis Report … [Read more...]
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