Financial Guides

Pound Sterling – At the start of the week the Pound was trading above a two-week high against the US Dollar as the UK awaited the birth of its future King. The currency found support by comments made by Prime Minister David Cameron that taxes could be cut in the near future as the UK economy […]

LEARN FROM GENERALS OF THE MARKETS – PART 33 “My mood is best when I execute according to my plan regardless of outcome.” – Derek Hernquist Lee Ainslie III is a trader and a self-made American billionaire who lives in Dallas, Texas. He’s happily married with kids. He got his BA at the University of […]

New World Oil stock (LSELNEW) has long been consolidating in what could be rightly called a downtrend. It is assumed that the price would drop further after the consolidation has run its course. The price has been running lower since the beginning of this year. It even gapped down on early February 2013. Since late […]

The volatile shares of Providential Resources (LSE:PVR) have invariably been involved in upswings, followed by far significant downswings. Right now, the price could experience another significant plunge after the recent massive gap-down. Historically, it would be seen that any rallies in this market have been weak and the subsequent dips in the price have been […]

In the last several trading days, the currency instruments have been able to maintain their overall outlook, though the majors do not move that significantly, except the JPY pairs. The EUR and the GBP are strong, while the JPY and the USD are weak. Matching these weak and strong currencies together with sensible logic would […]

Mindset matters a lot. Yes, when one is agitated and angry, she/he may stay out of trading. It’s best to trade when the mind is fresh or the mood is better. We make profits from big and small risks. Small risk brings small profits and small losses. Big risk brings big profits and big losses. […]

Recently, I went to a local cash office. There were many customers there, and while I was waiting for my turn, a man asked me what I did for a living. I was happy to reply him that I’m a Forex trader and a market analyst. “Forex,” the man said, “ruined many people, including me, […]

Since February 2013, Thorntons plc shares (LSE:THT) have been trending upwards. In June, there was a bogus ‘sell’ signal on the market, but the shares quickly recovered and resumed trending further north. Right now, long positions are still more preferable, based on the explanation below. Technically, the EMA 21 is sloping upwards, while the Williams’ […]

Ultrasis stock (LSE:ULT) has already become a bulls’ paradise and the scenario is expected to continue. This is a bull market; a trend is not over until it is finally over. From the beginning of 2013 till June, the stock was in a tight consolidation phase. Since June, there has been a northward breakout on […]

That’s a very good question.  What do a retail candy store chain and an IPTV company have in common?  At first glance, it would appear that the answer is “nothing”.  May I suggest that on this date, 15 July 2013, they both prove that what they teach in art appreciation courses is true.  That is, […]