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Tuesday, November 29, 2016

Why most people are poor… and the solution


This is a problem right now…

Most of us were trained to think money only comes from getting a job. It's not at all true...and it's a dangerous way to think.

Because, at any time, you can be broken by a boss, a manager, your co-workers or the failure of the business you work for.



Remember...the average rich person has seven sources of income.

While the average poor person has one source of income.

The only way to avoid being crushed financially is to diversify your income sources so no one person can destroy you.

Can you imagine that?

2 years ago this was the stuff of science fiction...today it's a real thing. And people are making money from it...people are creating jobs in an industry that didn't exist until just now.

That's incredible…

But there's another side to this story.


Why it's so important to have multiple income sources right now.

I've told you this before…

When you have one source of income  – for instance, a single job – you are falling into a trap.

Because incomes are getting lower every year...and I don't see it stopping anytime soon. That means relying on college, a job, a promotion, security, stability, retirement pension, retirement income = thing of the past.

That's scary enough. 

But also there's this:

Remember, driverless cars were science fiction just a few years ago. So were robots and artificial intelligence. No more. They're here.

And the combination of robotics and artificial intelligence could destroy 45 percent of the work activities currently performed in the United States by 2021. 4 years away.

By James Altucher


Neteller here: www.ituglobalfx.com.ng

Super Trading Strategies: Super Strategies 

Buy and sell Neteller here; get funded quickly: www.ituglobalfx.com.ng

 



It is better to stay away from Tethys Now

Tethys shares (LSE:TPL) are not an attractive market at the present. Price has been quite choppy for several months and the best action to take is to stay away from the market right now.

Price has swung below the EMA 21 – in a volatile, choppy and unreliable manner. The MACD, default parameters, has its histogram above the zero line, while the signal lines are below the zero line. This is a rough market with no agreeable signal. The indicators do not even agree.

It is better to abandon Tethys until there is a directional movement in the market; when the two indicators would agree on a direction. :


Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

Super Trading Strategies: Super Strategies 
  


Buy and sell Neteller here; get funded quickly: www.ituglobalfx.com.ng

Pantheon Resources Gaps Down!

Pantheon Resources stock (LSE:PANR) has gapped down in a an equilibrium market. The market went gradually downwards in August and September 2016, and then gapped down recently.


Right now, The ADX period 14 is below the level 20, still reflecting the recent equilibrium phase in the market (though the ADX line would rise upwards any moment from now). The ADX DM- has just crossed its DM+ to the upside, which is a new bullish signal. The MACD, default parameters, is not yet giving any signals, but when it gives a signal, the signal line and histogram would have crossed the zero line to the upside, giving a Bullish Confirmation Pattern in conjunction with ADX.

The gap-down on Pantheon Resources is not a trading signal. The gap may still be filled or it can be the beginning of a major trend. Whatever would happen, the month of December 2016 would reveal.


This forecast is ended by the quote below:


Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

Super Trading Strategies: Super Strategies    
  

Buy and sell Neteller here; get funded quickly: www.ituglobalfx.com.ng



Sunday, November 27, 2016

Daily analysis of major pairs for November 28, 2016

The GBP/USD moved sideways throughout last week, resulting in a neutral bias in the near-term. The neutral bias has been going on for about two weeks, while the dominant bias on higher timeframes is bearish. A break out of the sideways movement is expected this week or next, and would most probably favor bears.

EUR/USD: This pair consolidated throughout last week – in the context of a downtrend. A rise in momentum is expected this week, and it would most probably favor bears. Therefore, the support lines at 1.0550, 1.0500 and 1.0450 would be targeted this week. This pair would make some bullish attempt in due course, but the bearish journey would eventually resume. It would even be strong in December.



USD/CHF: This pair did not go upwards significantly last week, but it made some noticeable bullish effort, in a bull market. There is a Bullish Confirmation Pattern in the chart, and when the trend resumes, the resistance levels at 1.0150, 1.0200 and 1.0250, would be tested. Bearish corrections along the way would be transitory, and may not take price below the support levels at 1.0050 and 1.0000.

GBP/USD: The GBP/USD moved sideways throughout last week, resulting in a neutral bias in the near-term. The neutral bias has been going on for about two weeks, while the dominant bias on higher timeframes is bearish. A break out of the sideways movement is expected this week or next, and would most probably favor bears.

USD/JPY: This currency trading instrument is one of the strongest moving currency pairs at the present. Since the low of November 9, 2016, price has moved upwards by 1250 pips, and the current shallow bearish correction is simply another resting phase for bulls, before they continue pushing price further northwards. The outlook on JPY pairs is bullish for this week, which could make the USD/JPY go further north.

EUR/JPY: This cross moved upwards by 250 pips last week, testing the supply zone at 120.00. The supply zone would be tested again and get breached to the upside, as price targets another supply zones at 121.00 and 122.00. One reason for this clean bullish movement is a persistent weakness in the Yen, which enables the Euro to go upwards against it until Yen will gather some stamina.

Performed by Azeez Mustapha,
Analytical expert
InstaForex Companies Group


Buy and sell Neteller here; get funded quickly: www.ituglobalfx.com.ng 

                                                                                            

Cyber Monday: Buy and Sell Neteller at the Most Competitive Rates

Greetings!

Cyber Monday is here; and we’ve decided to make you buy or sell Neteller at the best rates you would ever find today.

Our BUY rate is the lowest from any exchanger and it has even been reduced lower.

Our SELL rate is among the highest rates you would find right now, and it’s been increased higher.

This means those who sell Neteller to us make more money today; and those who buy Neteller from us save more money today.



This promo is currently on, and it ends at 11.59 PM, Monday, November 28, 2016. After that, prices would go back to their previous levels.

Today, those who have Neteller to sell may decide to sell at a higher price now and save the money for future use. There may soon be an emergency need for cash.

Likewise, those who need Neteller in the nearest future may decide to buy today and keep it in their wallet for future use. There may be an urgent/emergency need for it, and they would then be forced to buy at a far higher price.

Buyers should note that e-currency rates may go higher and higher in December, owing to a surge in demand. So, they may want to buy low now and store for future use.

To see our current highly competitive rates, please visit www.ituglobalfx.com.ng and scroll down a bit to see our present BUY and SELL prices.

Just notify us before you buy or sell. Your orders would be processed as fast as you can imagine!



Neteller here: www.ituglobalfx.com.ng



  
  

Saturday, November 26, 2016

Weekly Trading Forecasts on Major Pairs (November 28 – December 2, 2016)

Here’s the market outlook for the week:
                                          
EURUSD
Dominant bias: Bearish   
Last week, this pair moved largely sideways in the context of a downtrend. A break out of the sideways movement should happen before the end of this week (or next week), which would most probably favor bears. Although this pair is expected to continue its bearishness, especially in December, some bullish effort would take place, which may enable price to go upwards by 200 pips or more, before seeing another bearish correction, eventually. Time would tell whether EUR would reach parity with USD.




USDCHF
Dominant bias: Bullish
Just like EURUSD, USDCHF also consolidated throughout last week, in a context of an uptrend. A breakout should happen before the end of this week, ending the current consolidation. Price is supposed to target the resistance levels at 1.0200 and 1.0300. On the other hand, bullish effort on the part of EURUSD might force USDCHF to retrace temporally southwards, towards the support levels at 1.0100 and 1.0000.

GBPUSD
Dominant bias: Neutral
GBPUSD went flat throughout last week. The flat movement started about two weeks ago and it has resulted in a neutral bias in the near-term, while the major trend in the market remains bearish. A rise in momentum is expected this week, which would most probably favor the dominant bearish trend. The outlook on GBP pairs is bearish for this week, and thus, further southwards movement is expected on GBPUSD.

USDJPY
Dominant bias: Bullish
USDJPY is currently one of the strongest moving currency pairs. Price went upwards 310 pips this week, topping at 113.89, before getting corrected a bit lower on Friday. Since November 9, price has gone upwards by over 1200 pips; plus the outlook on the market is bullish for this week, again (the outlook is also bullish on other JPY pairs). Therefore, occasional pauses and corrections are supposed to be transitory this week, as price goes further north.
                                                                                                                               
EURJPY
Dominant bias: Bullish   
This is also a bull market – owing to the strong Bullish Confirmation Pattern present in it. Price went north 250 pips last week, after consolidating on Monday and Tuesday. The supply zone at 120.00 has been tested, and it might be broken to the upside this week, owing to the ongoing buying pressure in the market, brought about by persistent weakness in Yen. After the supply zone at 120.00 is overcome, the next targets would be the supply zones at 130.00 and 140.00.

This forecast is concluded with the quote below:

“Trading and markets have been a major part of my life for almost 60 years. Trading has been the means through which my family and I have received many blessings.” – Joe Ross 



  


Buy and sell Neteller here; get funded quickly: www.ituglobalfx.com.ng



Tuesday, November 22, 2016

Westminster Starts Moving South

Westminster stock (LSE:WSG) has started moving south, following some heavy selling pressure that began this month. Further southwards movement is possible.

4 EMAs are used for this analysis and they are EMAs 10, 20, 50 and 200. The color that stands for each EMA is shown at the top left part of the chart. The EMAs 10, 20, and 50, have started sloping downwards as price itself has crossed the EMA 200 to the downside (a Death Cross). This signifies that the recent bullish bias is over.

Westminster is expected to continue to trend further downwards, reaching the distribution territories at 15.00, 14.00 and 13.00 within the next few or several months.


Super Trading Strategies: Super Strategies 
  


Buy and sell Neteller here; get funded quickly: www.ituglobalfx.com.ng

Talktalk Shares Decline

Talktalk shares (LSE:TALK) have started to decline, and further decline is expected, till the end of this year.

Price has been going south gradually since October 2016, with some transitory rally attempts along the way. This month, price broke below the lower Trendline, as the RSI period 14 goes below the level 50.

In fact, the decline has been so strong that the RSI period 14 is already in the oversold region. While there may be some bullish effort along the way, Talktalk is expected to keep up declining into the support lines at 150.00, 140.00 and 130.00.


Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

Super Trading Strategies: Super Strategies   

Buy and sell Neteller here; get funded quickly: www.ituglobalfx.com.ng



Would Thanksgiving Rally Happen This Year?

Would Thanksgiving Rally Happen This Year?
GOLD (XAUUSD) is currently weak, owing to another phase of a southward movement, which started a few months ago. The downtrend has been particularly strong since October. This week would be interesting because of a possibility of a Thanksgiving rally. Would it ever happen this year?

Thanksgiving rally has not taken place since last few years, though it occurred every year before then, with stunning accuracy. In case it would happen, it should be during the week in which Thanksgiving is observed. If it would ever happen this year, then it should be this week.

Historical data shows that this kind of rally usually occurred in the years when the long-term trend was bullish. For example, Gold was predominantly bullish from 2002 to 2012 (save the conspicuous correction that took place in 2008, although Thanksgiving rally did take place in that year also). Since 2012, the market has been predominantly bearish, till now, and that explains one of the reasons this rally has not taken place in the last few years.



It should be borne in mind that a market can decline while trend is predominantly bullish. On the other hand, a rally can take place while trend is predominantly bearish; which means that a Thanksgiving rally could take place in spite of the current bearish outlook, and it may not take place at all.

This phenomenon may keep appearing occasionally in the years to come, or it may disappear altogether. Whatever the case may be, skilled speculators have always thrived by trading what they see.

Monthly Technical Reviews on Silver and Bitcoin
SILVER (XAGUSD) is also in a bearish trend. It plunged in the first few days of October, and moved sideways till the end of the month. Silver underwent another strong bearish run on November 11, forming a strong Bearish Confirmation Pattern in the market. This means price may continue journeying downwards, and probably reaching the support levels at 15.0000, 14.0000 and 13.0000 before the end of this year. On the other hand, a serious rally on Gold would trigger a rally on Silver.  

BITCOIN (BTCUSD) is in an uptrend and there is a bullish bias on it. The current bullish trend started in October, following the sideways movement that was experienced in September. The market is quite choppy, but the uptrend is expected to continue till the end of this year. Therefore, price could reach the distribution territories at 750.00, 760.00 and 770.00 within the next few months, since buying pressure is supposed to continue. As usual, occasional pauses and transitory corrections would be witnessed here, but the overall movement would be bullish. 

Source: www.tallinex.com  

Super Trading Strategies: Super Strategies 
  

Buy and sell Neteller here; get funded quickly: www.ituglobalfx.com.ng 


Monday, November 21, 2016

How to Work for a Leader You Don’t Believe In

We talk about leadership almost ad nauseum in blog posts, workshops, seminars, keynotes, webinars, anyone who will listen to us!

We do this because leadership is often lacking in the very people who are in leadership roles. So we keep beating a dead horse, in the hopes that something sticks. If we keep talking about leadership skills they will hopefully become part of our collective consciousness.



Because the sad fact remains that many bosses and managers are not inspiring, do not effectively lead, do not create employee engagement, and all of the other positive aspects we hope to find when we go to work. Typically, as an employee, you are not in your dream job and you are working for someone you don’t find particularly inspiring. You may not even like the person as a person, never mind a leader.

There are many blog posts about knowing when it’s time to leave your job, how to nail your interview; how to create the perfect resume, what to look for in your prospective employer, but the harsh reality is we are often relegated to our jobs out of necessity. We should always strive to look for something better. I don’t advocate settling, but there will most likely be a period when you are working for someone you wish you weren’t.

So how do you keep your wits about you in this scenario without losing your mind?

Raise yourself up if no one else is. If you’re not getting the leadership you desire from your boss or manager then be your own leader. Lift yourself up. This is an opportunity to flex and develop your own skillset. Read the books and blogs on leadership to hone your leadership abilities. I recommend Carol Dweck’s book, Mindset, to cultivate a growth mindset, crucial for resilience and propelling forward in life. Vent privately if you need to, then regroup and take action. Being negative will only hurt.

Raise everyone else up too if need be. If you feel your leader is operating at a lower level don’t lower yourself. Stay at your own level and have them come up to yours…respectfully. Though your ideas and views may sound strange at first to those that don’t share them they might come around in the long run. At least they’ll have been heard. Propose the ideas that you think are the best, do your best work. Combat mediocrity with excellence. Be a part of the solution.

Recognize the lessons this person is teaching you. Listening to viewpoints you don’t share helps you move past biases and expand your mind. An undesirable leader teaches the lesson of how not to lead. Thank them (in your head) for showing you what not to do. Being able to see solutions through an optimistic lens will help you immensely throughout all areas of your life.
Be diplomatic. Eloquence is a lost art. Much like scenarios that test our patience teach us patience, scenarios that test our discretion teach us diplomacy. This hones your communication skills, which is imperative for your personal and professional life. Resist the impulse to say or do something you can’t take back. Once you’re seen as a negative influence it’s very difficult to change someone’s mind about you. Diplomacy keeps everyone’s integrity intact.

Practice empathy. When it comes down to it we’re all individuals with specific motivating factors for each of our lives. When we understand the why behind what we perceive as faulty leadership it can mitigate our frustration. There might be a very human reason for faulty leadership that elicits empathy rather than hate. We each have a past that created our core beliefs. Is yours better? For you it is. Don’t alienate yourself; ingratiate yourself, without being obsequious.

Seek counsel from other leaders. Find other business owners if possible and bounce the behavior/opinions of your leader off someone else. It’s good to know where you might be wrong and skewed in your own thinking. Seeking counsel is in fact something I routinely suggest leaders themselves do. It’s important for everyone to have checks and balances in their lives to counter our own inherent biases.

If you want to keep your job, do your job. You’ll know if being vocal about your opposing views is beneficial for you or not. Don’t be contrary for the sake of your ego. If you need your job and you’re not changing anyone’s mind then the best course of short-term action is to keep your opinions to yourself and do the job you were hired to do. Try not to burn any bridges.

Though it might not feel like much consolation in the moment, working for a leader you don’t believe in helps define your own needs and desires. It’s akin to dating in your romantic life: each relationship illuminates who you are, what you need, and what you want. So it goes with your professional life as well.

Understanding opposing viewpoints expands your consciousness, whether you like it or not. When you surround yourself with people of the same ilk, with the same beliefs, your worldview becomes narrow. Working for people that you don’t like or that make your life difficult are usually the best business lessons in life.

Leaders cultivate inclusivity. Become part of the solution, not the problem.



Super Trading Strategies: Super Stategies   

Neteller here: www.ituglobalfx.com.ng




Daily analysis of major pairs for November 21, 2016

The USD/CHF managed to climb above the great psychological level at 1.0000 last week, and testing the resistance level at 1.0100. Price may be able to target the resistance level at 1.0200 this week, but any signs of weakness in USD may send the pair plunging below the psychological level at 1.0000.

EUR/USD: This pair trended south by 270 pips last week. Since November 9, 2016, it has come down by 700 pips. Further downwards movement is possible this week, provided that USD does not showcase any signs of strength.



USD/CHF: The USD/CHF managed to climb above the great psychological level at 1.0000 last week, and testing the resistance level at 1.0100. Price may be able to target the resistance level at 1.0200 this week, but any signs of weakness in USD may send the pair plunging below the psychological level at 1.0000.

GBP/USD: This pair moved downwards throughout last week, losing another 230 pips. The bias has become bearish in the short and long terms. And the accumulation territories at 1.2250, 1.2200 and 1.2150 might be reached this week. This market is currently not ideal for long trades. Rather, rallies should be seen as opportunities to go short.

USD/JPY: The USD/JPY went upwards by over 400 pips last week. Since November 9, price has gone upwards from the low of that day. There is a huge Bullish Confirmation Pattern in the market, and further northwards journey is anticipated. Just as it was forecasted and true of last week, the outlook on JPY pairs remains bullish for this week. The trending movement on the USD/JPY is the strongest in recent months.

EUR/JPY: This cross also managed to go upwards last week, largely owing to the weakness of Yen. The supply zone at 117.50 has been tested and it would be breached to the upside this week, as bulls target the supply zones at 118.00 and 118.50. Because of the weakness in Yen, even weak currencies like GBP and EUR were able to rally versus it. In case a currency was strong in its own right, just like the case of USD, we would witness a very strong bullish movement, as we have already done.

Performed by Azeez Mustapha,
Analytical expert
InstaForex Companies Group


Buy and sell Neteller here; get funded quickly: www.ituglobalfx.com.ng 

                                                                                            

Saturday, November 19, 2016

Weekly Trading Forecasts on Major Pairs (October 21 - 25, 2016)

Here’s the market outlook for the week:
                                          
EURUSD
Dominant bias: Bearish   
This pair went downwards last week, going below the resistance lines at 1.0650 and 1.0600. Since November 9, price has come down more than 700 pips, leading to a very strong bearish bias on the market. There is a possibility of further downwards movement, which could enable price to reach for the support lines at 1.0550, 1.0500 and 1.0450. This expectation would hold only as long as USD does not showcase any noticeable weakness.



USDCHF
Dominant bias: Bullish
USDCHF moved upwards by 215 last week. Price managed to go above the psychological level at 1.0000, now at the resistance level of 1.0100. Price has gone upwards reluctantly so far, and there is a possibility that it would make further bullish effort this week. There is another potential target at the resistance level of 1.0200, but the further the market goes upwards, the higher the chances of a large pullback. The bullish bias would hold as long as USD does not lose stamina.  

GBPUSD
Dominant bias: Bearish
GBPUSD underwent a vivid bearish correction throughout last week – an action that has resulted in a bearish signal in the short and long terms. Long trades are currently not prudent in this market, unless price action reveals that things are conspicuously bullish. Right now, the market is in a downtrend, and only short trades should be sought. Rallies would offer opportunities to go short at better prices.

USDJPY
Dominant bias: Bullish
There is a strong Bullish Confirmation Pattern on USD/JPY. Since the low of November 9, the pair has shot skywards by over 960 pips. Apparently, this is one of the strongest directional movement in recent months, and the supply levels at 111.00, 111.50 and 112.00 could be attained this week. The outlook on JPY pairs remains bullish for this week (just as bullish movements were forecast for most JPY pairs last week).
                                                                                                                               
EURJPY
Dominant bias: Bullish   
This cross also went bullish last week, fuelled by the buying pressure in the market, and as a result of weakness in Yen. Because Yen is so weak that, even weak currencies like EUR and GBP could manage to rally versus it. In case a currency is strong in its own right, just like the case of USD, the rally against Yen would be strong and fast indeed. As long as Yen does not become strong conspicuously, the northward movement on EURJPY would continue. The supply zones at 118.00 and 118.50 are being watched this week.

This forecast is concluded with the quote below:

“YOU are the biggest factor in your trading success…” – Dr. Van. Tharp




Buy and sell Neteller here; get funded quickly: www.ituglobalfx.com.ng

How To Sell Anything Quickly (Confidential)

 I was a salesman snob.

Like many people, I always looked down on the concept of “selling.” It seemed like something lower than me.

To some extent, selling appears manipulative. You have a product and you try to portray that it has more value than it actually does. So you need to manipulate people into buying it. This seems sad, as in the book “Death of a Salesman” sort of sad.



I was wrong. And for the past 25 years, all I have been doing is selling. Selling products, selling services, selling businesses, selling myself.

Sometimes I have been manipulative. And sometimes I’ve sold things I’ve had such passion for that I practically gave them away just to get the message out.

And often, it was very much in the middle: I needed to sell something because I had to pay my bills. I wanted to make sure my family got fed.

We live in a hard world where our basic needs cost money, and as we get older we become responsible for the basic needs of others. We become adults.

None of this cheat sheet comes from a book. All of this is from my own experience. Which means it might not work for you. Which means it might go counter to the basic rules of salesmanship. I have no idea.

But I can say that over the past 25 years, I’ve sold hundreds of millions of dollars of stuff. That stuff being everything in Pandora’s box that I had to sell just to stay alive. When I thought of what worked for me, here’s what I came up with:



A) Friendship

Nobody is going to buy from someone they hate. The buyer has to like you and want to be your friend. People pay for friendship.

This sounds sort of like prostitution, and it is.

One time when I was raising money for something, the buyer was going through a business catastrophe and was worried he would go out of business. I didn’t like him but I called him every day for three months at the same time to see if he “wanted to talk” and to offer my advice on how he should deal with his situation.

I eventually raised a lot of money from him even though the first time I met him he said, “It seems like you don’t know your industry very well.”

Which just goes to show that friendship outweighs almost every other factor in selling. One time I wanted to do a website for ABC.com. How did I do it? The main decision-maker volunteered at a school in Harlem. I went up there four weeks in a row and played 20 kids simultaneously in chess. Everyone had fun. I got the website job. My competitors were all bigger, better financed, and probably better.

Unfortunately, I didn’t like either of those people personally. And eventually, I lost the business.

The only good outcomes come when both sides like each other.

Now I only do business with people I like. The fastest way to lose all your money, mutilate your heart, and then kill yourself is to work with people you don’t like. I will never do that again.

Nor do you have to, despite what you might think.



B) Saying no

If someone wants to do a big deal with you, it’s hard to say “no.” But “no” is valuable for many reasons, and one big one in particular:

Opportunity cost. Instead of pursuing something you really don’t want to do, you could free up time and energy to find something more lucrative or something you would enjoy more. Opportunity cost is the biggest cost in all of our lives. We spend it like there’s no tomorrow.

And guess what? Eventually there’s no tomorrow.

When I say “yes” to something I don’t want to do, I end up hating myself, hating the person I said “yes” to, doing a bad job, and disappointing everyone. I try really hard not to do it anymore.



C) Over-deliver

If someone pays $100 and you give that person just $100 in value, then you just failed. You’ll never sell to that person again. someone pays $100, you need to give him or her $110 worth of value.

Think of that extra $10 as going into some sort of karmic bank account that pays interest (as opposed to a U.S. bank account). That money grows and compounds.

Eventually, there’s real wealth there. And that wealth translates into the real world.

People are 3-year-olds. They like to get presents. People want to do business with people who give them presents. Over-delivering is a present. And it makes you feel good. Give and you will receive.



D) Never take “no” for an answer

This statement, which everyone knows, is usually applied incorrectly.

People think it means keep pushing and trying new things until you get a “yes.”

That’s not what it means. If you do that, you end up in the spam box. Then you end up in a coffin. In other words, you end up dead to the person you are trying to sell to.

Instead, remember point A. Be a friend. However flimsy that connection of friendship is. Follow on Twitter, follow on Facebook. Say nice things about the person to other people. Never gossip.

Do the art of the “check-in.”

Send updates after the “no” on how you are doing, on how the product or service or business or whatever is doing. Not every day. Maybe once a month. Maybe once a year. Eventually you will find the “yes” with that person. It could be, and often is, up to 20 years later.

You plant a seed and eventually the garden blooms.





Super Trading Strategies: Super Strategies 


Neteller here: www.ituglobalfx.com.ng

Thursday, November 17, 2016

Winning Strategy for Short-term Trends (Leaked)

 Trading For Sure Profits
Rule-based discretionary traders are among the best traders on this planet. The trading strategy explained here is a rule-based discretionary system. Similarly, the fact that the majority of traders fail does not mean that trading is a dead end activity. Traders who are successful prove otherwise. Occasional losses leading to transient drawdowns are inevitable but not insurmountable challenges in trading.


The secret to success lies in developing a deep love for trading and a willingness to apply trading principles that work. Trading principles that work are non-market specific. For a strategy to survive all market conditions, it must have three ingredients incorporated into it: aborting losers and capitalizing on winners, very low risk, and rock-solid discipline.

These are the secrets of trading masters – trading success has nothing to do with your ability to predict the markets accurately. If you give yourself a sensible reward-to-risk ratio, you will survive the markets in the long run. For instance, it does not make sense to risk $20 in an effort to gain $2. These secrets are what make the difference between financial freedom and financial disaster – the difference between solvency and bankruptcy.

The Pedigree of a Good Strategy
It is very disturbing that so many traders find it difficult to survive on the markets. Many top market speculators are perplexed by a new generation of traders who do not seem to have a clue about the skills necessary to preserve their trading portfolios.

The issue is: even if you are disciplined, it would be difficult for you to survive with a worse expectancy system, i.e. a system whose risk is greater than the reward. And checking complex data ad infinitum is not so sensible for simple markets either. Good trading strategies are the ones that survive all market conditions.

This kind of strategy must be effective in sustaining minimal drawdowns when the market conditions are not favorable – while making a decent profit during favorable market conditions. Whether a strategy is trend-following or countertrend or scalping, it will survive all market conditions provided that those simple but effective principles are incorporated into it. The markets eventually reward those who show an earnest quest for trading mastery.

Winning Strategy for Short-term Trends: https://learn.tradimo.com/a-sure-fire-forex-strategy

Breakdown of the Strategy
Timeframe:
Trading style:
Indicators parameters:
Buy rule:
Sell Rule:
Position sizing:
Stop loss:
Take profit:
Trailing stop:
Risk per trade:
Potential reward per trade:
Max. weekly drawdown:
Safety rule:
Filter rule:
Instruments names:
Average orders per week:
Orders type:
Signals generation periods:

Super Trading Strategies: Super strategies    

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Tuesday, November 15, 2016

Interviews are a waste of time! How to HIRE great people

Job interviews often lead to wrong hiring decisions.

If you were to interview a baseball player, you would not ask him how he holds the bat, and how far apart he keeps his feet. Yet, these are the kind of questions people get asked on the interviews - theoretical.



Problems:

1) There is almost no correlation between theoretical questions and on the job performance.

2) Hiring managers are overly confident that they can determine personality and cultural fit based based on a 30-60 mins interview. All they are really able to determine how well one acted on their specific interview.

Even scientist-experts in such matters as human behavior and cultural fitness require long observations and extensive testing - and even they will tell you that they are often wrong.

Candidates who perform best with such questions are simply able to give us answers we want to hear.

3) In technical professions managers confuse communication skills with technical abilities and knowledge. That is, some of the best developers I knew did not have good communication skills.

4) This is the age of an empowerment and collaboration where individual performance becomes less important. Individual performance still matters, but the collaboration does not get enough focus on the interviews.

5) Many highly qualified people do not perform well in a setting of an interview.

6) Many times I hired people who could not answer any of my questions, and they all did very well. I saw a potential in each one of them. See my related article - Hire people who FAIL interviews.

I am not for abolishing interviews altogether. I am for completely overhauling the process.

Suggestions:

1) For senior candidates reverse the process, let them interview you and then produce a plan for the next 30-90-180 days - if they are being considered for a management position.

If they are a technical person - let them produce a diagram. Let them point out to you problems and alternatives with your set-up.

You should allow them to question you over email as a homework. I do not believe in limiting interactions to short periods of time during an interview. That's not how we work. Why should interview be any different ?

2) In fact, do it for other candidates as well - let them interview you, and see what kind of questions they ask and how quickly they can ascertain how things work in your organisation.

Focus your attention on the potential of the candidate to come up to speed fast.

Some of that will be evident from the questions they ask you and conclusions they draw. Some will be evident from the resume - what was the speed with each they applied a newly acquired skill to a real project.

3) Abolish a long sequence of short interviews with lots of people interviewing a candidate.

Interviewing is not speed dating.

The expectation that your interviewers can form a qualified opinion based on 30 mins interviews is very flawed. Even a skill can not be verified that quickly - unless you are hiring burger flippers.

But more importantly, you are looking for a potential in a candidate - not just skills.

4) Give strong preference to practical questions. Ask the candidate to write a little project plan, or a piece of computer code, or make a sales call to one of your employees. Or something like that:


5) Abolish cultural fit and personality type questions. Unless of course we want to stack up our ranks with people who give us answers we want to hear.

Cultural fit is important but - firstly -it is impossible to determine based on a short interaction. Secondly, even if it was possible to measure, it totally discounts the candidate's ability to adopt to a new culture.

6) A little secret to my career success. I always hired people who were smarter than me. In my case finding such people was very easy.

Do not be afraid to hire overqualified people either. You want the best.

7) Above all, please give everyone a chance. Please, please do not set your selection criteria too narrow.




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The bullish trend on Canadian Over to continue

Canadian Over stock (LSE:COPL) is already in a long-term bullish trend; and this may continue for some months, even years.

Price was consolidating before July 2016, when it began to go upwards in July till now. There have been pauses and shallow pullbacks on the way, but the market has continued to trudge northwards.

A recent pullback into the EMA 21 is another wonderful bullish signal, and since the Williams’ % Range period 20 is sloping upwards, that means the bullish bias on the market may end up becoming stronger.

Canadian Over may go for the supply levels at 12.00, 13.00 and 14.00 in the coming months.


Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

Super Trading Strategies: Super Strategies    
  


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Castleton to go upwards soon

Castleton shares (LSE:CTP)  are expected to go upwards soon. Price dropped sharply in August 2016 and has moved sideways since then. Right now, some bullish effort is being noticed.


The ADX period 14 is around the level 14, meaning there is a form of momentum in the market. The DM+ just, barely crossed the DM- to the upside, showing the bull’s intent in pushing price further upwards. The MACD, default parameters, has both its signal lines and histogram above the zero line. This signals there is a Bullish Confirmation Pattern in the market already, and a strong breakout may soon take place.

The bullish signal on Castleton is very new, and those who join the ride would maximize their profits. Price may end up going upwards for the next several months.


Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

Super Trading Strategies: Super Strategies 
  

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Sunday, November 13, 2016

Daily analysis of major pairs for November 14, 2016

The USD/JPY is already in a bullish mode, as forecasted last week. Price consolidated on Friday and closed above the demand level at 106.50. The next target for bulls are located at the supply levels of 107.00, 107.50 and 108.00. The outlook for most JPY pairs is bullish for this week, and therefore, further bullish journey is anticipated.



EUR/USD: The EUR/USD began trending downwards on November 7, but this was seriously interrupted on Wednesday. However, the bearish journey resumed that day, and the market went down by 240 pips overall. The support line at 1.0850 is being besieged, and it might be breached to the downside. On the other hand, there are chances that the EUR/USD would rally this week, especially when the USD/CHF pulls back significantly.

USD/CHF: This pair traded sideways on Monday and Tuesday, pulled back significantly on Wednesday and rallied massively the same day. Price was able to close above the support level at 0.9850, going towards the resistance levels at 0.9900 and 1.0000. The resistance level at 1.0000 is a great psychological level – it would be difficult to breach it to the upside.

GBP/USD: This market consolidated from Monday till Thursday and trended higher on Friday. The bias remains bullish in the short-term and bearish in the long-term. The outlook on the GBP/USD (and some GBP pairs) is bullish for this week. Further movement of about 500 pips to the upside would also result in a bullish signal in the daily chart.

USD/JPY: The USD/JPY is already in a bullish mode, as forecasted last week. Price consolidated on Friday and closed above the demand level at 106.50. The next target for bulls are located at the supply levels of 107.00, 107.50 and 108.00. The outlook for most JPY pairs is bullish for this week, and therefore, further bullish journey is anticipated.

EUR/JPY: Unlike the USD/JPY, this currency trading instrument did not move upwards significantly last week. The market environment is quite choppy, and the possibility of a bullish movement this week would depend on the condition surrounding the Euro. In case price goes upwards, the supply zones at 116.00, 116.50, and 117.00 could be targeted.  

Performed by Azeez Mustapha,
Analytical expert
InstaForex Companies Group


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