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Thursday, December 29, 2016

It’s Time to Purchase Vast Resources PLC

It is now a good time to purchase Vast Resources shares (LSE:VAST), since it has begun going upwards, forming a clean “buy” signal.

Price moved within the Trendlines from October to December, and it has recently jumped upwards, now above the upper Trendline. At the same time, the RSI period 14 goes above the level 50. This is a “buy” signal.

Vast Resources is expected to continue going upwards, reaching the resistance levels at 0.5, 0.6, 0.7, 0.8, 0.9 and 1.0 before the end of 2017. This is a good time to purchase these shares.


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


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Gulfsands Petroleum Begins a Northward Ride

Gulfsands Petroleum stock (LSE:GPX) has begun a nice ride towards the north. Price was in a tight base for most part of the year, but a serious rise in momentum began to happen from November 2016, resulting in a serious bullish gains.


4 EMAs are used for the 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. Following the current bullish momentum in the market, all the 4 EMAs are sloping upwards while price is above them.

As long as Gulfsands Petroleum does not go below the EMA 200, the bullish outlook would be valid. In fact, the market may eventually go towards the distribution territories at 14.00, 15.00, and 16.00 within the next several months.


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

Start your journey to permanent success: http://www.tallinex.com/open-account?i=128521 


Monday, December 26, 2016

What is the one sign you will be wealthy?

We all have different goals, but I think you will agree that most people want to gain material wealth. But few who do think deeply about how they will make it happen. So, do you know the one sign that you will be financially wealthy?





Answer:

I mentioned on Quora a study I conducted myself, by interviewing millionaires around the physical location where I am planning on retiring. Here are some good hints:

You accept delayed gratification. You accept the fact you won’t be rich overnight.
You can’t accept to have money just sitting in the bank, i.e. not generating more more money.

You find yourself finding it awkward that your account manager does not understand inflation.

You are more receptive to invest your money to gain more money than keeping it stopped so that you don’t lose it.

You think about how much money your favourite restaurant makes, when you go there to eat.

You understand that money is a tool and you don’t desire money, you desire cash flow.
You find it so much better to open you own business than working for somebody else.





Neteller here: www.ituglobalfx.com.ng

Super Trading Strategies: Super Strategies    
  

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

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Sunday, December 25, 2016

Daily analysis of major pairs for December 26, 2016

The EUR/JPY went flat throughout last week. However, a closer look at the market reveals that bulls are intent on pushing price higher. So when momentum returns to the market, it might push price towards north. The supply zones at 123.00, 123.50 and 124.00 might be reached soon.

EUR/USD: The EUR/USD went down on Monday and Tuesday, and then began to move upwards slowly from Wednesday. Overall, the bias is bearish, which means that the current bullish attempt is an opportunity to go short at better prices. The support lines at 1.0400 and 1.0350 could still be reached.



USD/CHF: This pair is currently consolidating and it is quite choppy right now. However, the recent outlook is bullish and as long as price is above the psychological level at 1.0000. This is something that may hold for the rest of this year, for further bullish movement is a logical possibility.

GBP/USD: This pair came down 200 pips this week. Now below the distribution territory at 1.2300. There is a Bearish Confirmation Pattern in the chart and the accumulation territories at 1.2250, 1.2200 and 1.1150 before the end of this month. Long trades are not recommended in this market at this period.

USD/JPY: This market has become flat since last week and there is no directional movement in the near term. Right now, it is OK to stay away from the market because there are mixed signals in it – the EMAs 11 and 56 are giving a bullish indication while the RSI period 14 is giving a bearish indication. Soon, the indicators would begin to give signals in the same direction.

EUR/JPY: The EUR/JPY went flat throughout last week. However, a closer look at the market reveals that bulls are intent on pushing price higher. So when momentum returns to the market, it might push price towards north. The supply zones at 123.00, 123.50 and 124.00 might be reached soon.

Performed by Azeez Mustapha,
Analytical expert
InstaForex Companies Group



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


Start your journey to permanent success: http://www.tallinex.com/open-account?i=128521  

Saturday, December 24, 2016

Weekly Trading Forecasts on Major Pairs (December 26 - 30, 2016)

Here’s the market outlook for the week:
                                          
EURUSD
Dominant bias: Bearish   
This pair trended downwards on Monday and Tuesday, and then began to make some bullish attempt, all in the context of a downtrend. A strong movement is not anticipated this week (although it is a possibility), for the market may not do more than it did last week. No matter what happens, there is not going to be an end to the current bearish outlook this year. In fact, price may test the support lines at 1.0400 and 1.0350.   





USDCHF
Dominant bias: Bullish
USDCH merely zigzagged throughout last week, with no directional movement. The overall bias is bullish, and thus, when momentum returns to the market, it may be in favor of the bias. Just like EURUSD, strong movement is not expected this week (but it can happen). There are resistance levels at 1.0300 and 1.0350. As long as price does to go below the psychological level at 1.0000, the outlook on the market would remain bullish.   

GBPUSD
Dominant bias: Bearish   
GBPUSD dropped 250 pips last week, giving more and more emphasis on current weakness in the market. Price closed below the distribution territory at 1.2300 on Friday, targeting the accumulation territories at 1.2250, 1.2200 and 1.2150. There are huge Bearish Confirmation Patterns in the daily and 4-hour charts, which make long trades illogical at the present. A very strong bearish movement may be witnessed on GBPUSD before the end of the year.  

USDJPY
Dominant bias: Bullish
The market consolidated throughout last week. The major bias is bullish, and that is supposed to continue till the end of this year. There may be a rise in momentum, which may push price towards the supply levels at 117.50, 118.00, and 118.50. These supply levels were previously tested this month, and they could be tested again. Only a movement of about 200 pips to the south could threaten the current bias.
                                                                                                                               
EURJPY
Dominant bias: Bullish   
This currency instrument trended downwards on Monday and then moved sideways till the end of the week, closing at 122.515 on Friday. There would soon be a directional movement in the market, but right now, it is better to stay away until that happens (unless scalping is being done in the market). A movement below the demand zone at 120.50 would end the bullish bias, while a movement above the supply zones at 123.50 and 124.00 would strengthen it.

This forecast is concluded with the quote below:

“[In trading] I choose joy over disappointment and contentment rather than instant gratification.” - D. R. Barton, Jr.




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Thursday, December 22, 2016

The greatest technological trends… (Confidential)

A new wave of technologies is about to change the world...

As investors, it's a window of opportunity we're unlikely see again in our lifetimes… the kind that leads to extraordinary profits.

Investing in up-and-coming technologies, or growth stocks, might seem counterintuitive today. Government debts are at record highs. The Federal Reserve, the European Central Bank, and the Bank of Japan are all printing ridiculous amounts of money. Economic growth is weak the world over.

But few people understand two underlying trends…

The first is the accelerating rate of technological change, propelled by the impact of "exponential technologies." Artificial intelligence ("AI"), robotics, network sensors, synthetic biology, 3D printing – these technologies are all advancing at exponential rates. 

At the core of exponential technologies is the microprocessor, the "brain" of any computing device. For the last 45 years, the power of these microprocessors has been doubling every 18 to 24 months. As a result, we have progressed from the most basic forms of computing (like addition and subtraction) to completing complex algorithms at speeds far faster than the human brain.

At the same time, the costs for this processing power have been dropping exponentially. Computing power that used to cost tens or hundreds of millions of dollars is now less than $1,000 and accessible to the average consumer.




Today's average smartphone is more than 32,000 times more powerful than all of the computing power used for the Apollo missions to send astronauts to the moon. And it fits in your pocket.

Some of today's cars are "smart" enough to drive by themselves. In just a few years, millions of self-driving cars will be shuttling people around more safely, more efficiently, and more cost-effectively than any human driver could do.

Artificial intelligence capabilities are also improving by the day.

Tesla cars, for example, use AI for their self-driving technologies. This allows the cars to learn, improve, and deploy their new skills via automatic software downloads to the fleet of Tesla vehicles. Every iteration delivers more safety to Tesla's customers. The company collects data from a million consumer miles… every 10 hours!

The laws of accelerating returns and exponential growth are firmly entrenched, and will impact every aspect of our lives.

Consider this…

Over the last few decades, it took the average Fortune 500 company almost 20 years to reach a $1 billion market capitalization. Compare that to social media giant Facebook (FB), which reached a $1 billion market cap in a little more than five years. Today, Facebook has a $321 billion market cap. It took in $18 billion in revenue over the past 12 months alone.

Online transportation company Uber hit a market cap of $1 billion in about three years. Uber is still private, but it's estimated to reach $26 billion in gross bookings this year.

Slack, a workplace-productivity software platform, reached a $1 billion valuation in a mere eight months. (It, too, is a private company.)

How is this possible?

In short, it is simply easier, cheaper, and faster than ever before for companies with a fantastic product or service to bring them to market.

Cheap computing power, simple-to-use development tools, Internet infrastructure, and more than 3 billion smartphones deployed around the world all contribute to this acceleration in innovation.

These are all very real businesses generating extraordinary revenues, thanks to exponential technologies.

Another contributing factor is the rate of technology adoption. When the first personal computers came out 25 years ago, the cost was prohibitive – from $3,000 to $5,000 (in 1990 dollars). Today, you can buy the latest technology for less than $1,000. And many services provided via smartphone applications are often offered for free (at least, initially). Dramatically improved distribution platforms, highly automated manufacturing, and affordability have been catalysts for more rapid technology adoption.

The chart below shows the time it took for certain technologies to reach widespread adoption... 

It took the telephone about 60 years to reach a 75% adoption rate. Electricity took about 35 years. The radio and color television took about 20 years. The cellphone and the Internet reached 75% adoption in only about 15 years.

The time to adoption will become even shorter with new technologies. The positive impact on society will be faster… and the profits made from investing in the right technology companies will be greater than ever before.

Thanks to this acceleration in innovation, the average company lifespan on the S&P 500 index is plummeting.

Back in the 1960s, the average company remained on the S&P 500 index for 60 years. By 1980, it had dropped to about 35 years. By 1990, less than 20 years. And by 2010, it had dropped all the way down to about 15 years. Current projections for 2030 are even less than that.

This is because most leading-edge technological development is happening in private, venture-capital-backed companies, not the ones that have been around for the last 30 years. Slow-moving, incumbent companies find themselves out of business (like Kodak) or having to sell themselves to another large company before they die naturally (like AOL).

Exponential technologies, coupled with exponentially decreasing costs to use those technologies, has created the perfect environment for rapid innovation.

Just 16 years ago, it cost $5 million to launch an internet technology company and bring a product to market.

It was even more for those that made computer hardware (like semiconductors) – typically $15 million to $20 million.

However, with the development of free, easy-to-use development tools, and cheap, ubiquitous computer processing resources, you can launch a company and a product today for a mere $5,000.

That leads me to the second underlying trend that few people realize…

Over the last five years, the financing of technology companies has changed dramatically. Fairly modest sums of capital can now create billion-dollar companies.

Back in the late 1990s or early 2000s, if a private technology company had $20 million to $50 million in revenues and was generating free cash flow (i.e., its cash balance was growing, not shrinking), it was time to go public. By selling shares via an initial public offering (IPO), companies received the capital they needed to reach the next stage of growth.

Today, more and more technology companies are using angel investors (funds from private individuals) and venture capital (VC) dollars (funds from private investment groups) to bring their products to market. They are able to fund research, development, and revenue growth without the scrutiny and expense of being a publicly traded company.

Venture-capital financing in the U.S. has been on a strong uptrend over the last 10 years. The graphic below shows $77 billion in VC financing in 2015… the highest level of funding in the last decade. That's a 13% increase over 2014, and about double the level invested in 2012.

It is also important to note that while the amount of VC capital is increasing, the number of deals is decreasing… indicating a larger number of large deals. 2015 had only about 86% of the deals closed in 2014.

For the past five years or so, large banks, hedge funds, and other institutions – such as mutual funds, hedge funds, family offices, and asset managers – have been allocating larger percentages of their investment portfolios to private companies, primarily technology companies with the potential for exponential returns. Hundreds of billions, in fact, have flowed into venture-capital-backed firms.

In 2009, the investments by non-VC entities were mostly in the single digits. By 2015, the number of investments being made by these entities went through the roof...

By a factor of 15 for hedge funds
By a factor of 11 for mutual funds
By a factor of 30 for family offices
By a factor of eight for asset management firms

In fact, by September of 2015, 78% of the billion-plus financings were led by non-VCs, up from 60% a year before.

With so much money at play from non-VC sources, it was necessary for VC firms to invest in larger and larger private deals. Each deal takes a lot of effort. For example, if a fund has $1 billion to invest in a given year, will it do 100 deals of $10 million, or 10 deals of $100 million? The answer is that it tends to gravitate toward a smaller number of larger deals.

This explains financing deals like Uber. In August 2015, the company received $1.2 billion from several Chinese companies. Uber was valued at around $50 billion at the time. It has since raised funds with a valuation of $62.5 billion.

The private financing of technology companies has caused the entire technology IPO market to dry up over the last few years.

In 2015, only 24 technology companies went public, representing only 14% of the total IPOs for the entire year. These are the lowest levels seen since the 2008-2009 financial crisis. In 2007, or pre-crisis, 60 tech companies went public, responsible for 28% of total funds raised in the public markets.

New companies with fantastic, leading-edge technologies have been able to raise private capital in the hundreds of millions or even billions… giving them time to develop their products and business models before going public.

And this dynamic – the ability to stay in the private sector longer – is creating the most exciting investment opportunity of our lifetimes.

Once a company goes public, it is typically under much more scrutiny. It's subject to reporting requirements that can be distracting to a quick-growing business. Hence the desire to delay the IPO process.

This has led to a huge backlog of companies waiting to go public… And some are among the greatest technology companies in history.

Think of it like a massive bottleneck… a dam ready to explode.

VC investors, investment banks, hedge funds, and institutional investors put money into private technology companies for one reason: to make outsized profits. They are willing to be patient… to a point. Eventually, the investors expect more… they demand an exit.

Exits sometimes come in the form of an acquisition by another technology company. But the really massive gains come from taking these companies public via an IPO.

And you have a chance to get in on these next generation technology stocks ahead of the crowd.

My Exponential Tech Investor subscribers have already had a number of big IPO winners, including gains of 97%, 100%, and 239%.

And these are only the first of many companies that will go public over the next two years. As the "dam breaks," these companies will access the public markets, raise billions of dollars, make fortunes for investors, and replace slow, outdated companies on the S&P 500 index.

Unless you've been part of the senior management team of a private company that has had an IPO, or you're in the world of investment banking helping companies go public, the IPO process is likely a bit of a mystery.

It's a well-defined procedure that thousands of companies have followed over the years. But about three years ago, something interesting happened… The process became secretive and much less transparent.

But on April 5, 2012, the "Jumpstart Our Business Startups Act" (JOBS Act – H.R. 3606) was signed into law. Buried within the act in section 106, entitled "other matters," is the following clause:

Any emerging growth company, prior to its initial public offering date, may confidentially submit to the Commission a draft registration statement, for confidential nonpublic review by the staff of the Commission prior to public filing, provided that the initial confidential submission and all amendments thereto shall be publicly filed with the Commission not later than 21 days before the date on which the issuer conducts a road show…


Thanks to this clause, companies can submit confidential IPO filings. This allows them to do a lot of the leg work for going public many months in advance, without making its intentions known to the public.

Being able to file confidentially has significant advantages. The IPO prospectus – known as "S-1 filings" – are very detailed. They provide specific information about the health of the business, strategy, products, revenue, costs, key contracts, etc. If this document is public, it means that the competition will also have access to all of this information. It also means that investment banks will be contacting the company nonstop to sell their services and help the company IPO. Keeping the details of the company confidential prevents any competitive disadvantage, as well as unwanted distractions.

The JOBS Act defined an "emerging growth company" as one with annual gross revenues less than $1 billion U.S. in its last fiscal year. The vast majority of companies aspiring to go public meet this criterion. And they're taking advantage of it…

By the second year of the JOBS Act, about 87% of all companies filing for IPOs did it confidentially. The Wall Street Journal recently referred to these confidential filings as the "Dark Pipeline."

The ability to fly under the IPO radar might be great for businesses, but it's frustrating for investors and investment banks. They can longer see what companies may be preparing to IPO.

An S-1 filing used to be the only way investors and investment banks could know which companies were preparing to IPO. Now that companies have the ability to file their S-1s confidentially, an S-1/A and a road show are the first publicly available signs that going public is imminent.

And when I say "public," I mean public only to those scouring SEC filings and tracking news on any road shows that might be taking place. At best, you might have two or three weeks' notice on whether or not to invest in an IPO. The average investor only becomes aware of these new companies months or years after they have gone public… often missing the largest potential profits.

The only way to know about these opportunities is to have done a tremendous amount of research and analysis well in advance.

Over the last five years, I've been studying the most interesting exponential technologies and the key private companies working in that space. This is critical preparation for determining whether or not an IPO will be a worthy investment for us. I've also been looking at each company's sequence of financings, the size of each round, and the actual entities that are making the investments. This kind of information signals whether a company is getting ready to go public.

Time is short once we know a company will IPO. Those days are spent analyzing any updated information about the company, the S-1 and S-1/A filings, the pricing and valuation of the IPO, and any updates about the products, industry, and competition.

To that end, I have "shortlisted" 20 companies that could IPO within the next 24 months. Many of these companies will make fantastic investment opportunities for my Exponential Tech Investor subscribers.

Some of these companies will likely be acquired before an IPO by larger technology companies. That doesn't necessarily mean that the investment opportunity has been missed. In fact, the acquiring company might become an interesting investment as a result.

Either way, we're preparing to take advantage of these exciting opportunities. This is critical to being a successful small-cap, high technology investor.

The most transformative and disruptive technologies and business models are most often driven by small, secretive, venture-capital-backed companies that almost no one has heard about.

And we want to get in on the ground floor of these companies as early as possible. 

Here's how we're going to do it.

Regards,

Jeff Brown 



Neteller here: www.ituglobalfx.com.ng

Super Trading Strategies: Super Strategies 



Start your journey to permanent success: http://www.tallinex.com/open-account?i=128521  

Sunday, December 18, 2016

Daily analysis of major pairs for December 19, 2016

The USD/CHF went seriously upwards last week, testing the resistance level at 1.0300 before retracing a little. The outlook on the market remains bullish for the week, as USD is supposed to continue gathering stamina. The targets for this week are located at the resistance levels of 1.0300, 1.0305 and 1.0400.

EUR/USD: The pair went seriously downwards last week, testing the support line at 1.0400 briefly before engaging in a shallow bullish correction. The outlook on the market remains bearish for the week, as EUR is supposed to continue being weak. The targets for this week are located at the support lines at 1.0400, 1.0350 and 1.0300.




USD/CHF: The USD/CHF went seriously upwards last week, testing the resistance level at 1.0300 before retracing a little. The outlook on the market remains bullish for the week, as USD is supposed to continue gathering stamina. The targets for this week are located at the resistance levels of 1.0300, 1.0305 and 1.0400.

GBP/USD: The Cable consolidated from Monday to Wednesday, when it plummeted heavily, to test the accumulation territory at 1.2400. That accumulation territory is bound to be tested again, and breached to the downside, as the outlook on GBP pairs remains bearish for the rest of this year. Long trades are not recommended right now, because price is expected to continue going further downwards.

USD/JPY: This is a significant bull market. There are clean Bullish Confirmation Patterns on 4-hour and daily charts. The market would pause, trend upwards. Pause again, and then upwards again – in its journey towards the north. Short trades are not advisable in this market.

EUR/JPY: This currency cross is also a bull market; just like the USD/JPY. Since the Yen is very weak, it would be logical to conclude that price would continue to go upwards (though EUR is weak in itself). The targets for this week are located at the supply zones at 118.50, 119.00 and 119.50. There is a Bullish Confirmation Pattern in the market. 

Performed by Azeez Mustapha,
Analytical expert
InstaForex Companies Group



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

Start your journey to permanent success: http://www.tallinex.com/open-account?i=128521  

Saturday, December 17, 2016

Weekly Trading Forecasts on Major Pairs (December 19 - 23, 2016)

Here’s the market outlook for the week:
                                          
EURUSD
Dominant bias: Bearish   
EURUSD trended downwards last week, just as it was expected. Price moved sideways from Monday till Wednesday, when it started dropping further downwards. The support line at 1.0400 was tested, and although price closed above it, it would be tested again. The outlook on EURUSD is bearish for this week. So we may see further bearish movements which may enable price to break the support lines at 1.0400, 1.0350 and 1.0300 to the downside. Eventually, EUR might reach parity with USD. 




USDCHF
Dominant bias: Bullish
In exact opposite manner to EURUSD, this market underwent a shallow bearish retracement within December 12 and 14. Price went up significantly on December 14, moving briefly above the resistance level at 1.0300, and later closing below it. USDCHF would continue to make rally attempts, though it would come across some challenges this week. While bearish corrections could be contained around the support levels of 1.0050 and 1.0000, the resistance levels at 1.0300 and 1.0400 would be the targets for this week.

GBPUSD
Dominant bias: Bearish   
This market consolidated on Monday and Tuesday, to drop southward on Wednesday, according to forecast last week, in the context of a downtrend. The accumulation territory at 1.2400 has been tested again and again, but there is a considerable amount of opposition to the bearish movement, around the accumulation territory. Price would go below it this week, owing to the fact that the bias on GBPUSD (as well as some GBP pairs), remains bearish for this week and for the rest of this month. Price would still go downwards by a minimum of 300 pips before the end of this year.

USDJPY
Dominant bias: Bullish
According to last week analysis, this trading instrument went upwards 300 pips last week, after moving sideways on Monday and Tuesday. Since November 9, price has trended northwards more than 1700 pips; and the northward movement could continue this week. There is Bullish Confirmation Pattern in the market and the supply levels at 118.50 and 119.00 may be tested this week. As from now on, the movements on JPY pairs would be determined by strength of individual currency, not the weakness in Yen. This means USDJPY could rally further while GBPJPY could plummet.
                                                                                                                               
EURJPY
Dominant bias: Bullish   
There are going to be serious movements in the JPY markets this week (while next week would be quiet), and EURJPY would not be an exception. This is a bull market, and while there may be occasional pauses and consolidation along the way, there could be further bullish movement. However, the ongoing weakness in EUR could scuttle this expectation. As long as price does not cross the demand zone at 121.00 to the downside, the bullish bias would hold.   

This forecast is concluded with the quote below:

“In order to taste success in the trading market, you'll need to develop really simple strategies. You're likely to take trading decisions in a more confident way, remain headstrong and gain more winning opportunities when you follow some really simple strategies.” - Sean Lee




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

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The best traders in the world – what they have in common

“It’s Monday morning. You are warm and toasty in your bed, hearing the world around you wake up. You allow yourself a little sleep in, and then pull open the curtains. Your swimming pool is shimmering in the sun light, and your outdoor lounge beckons. After a satisfying breakfast, the markets open, and you casually look to see how your trades are doing. Then you settle back on the lounge and plan out your day. On your terms. Answering to no-one but yourself. Safe and confident in the knowledge that your trades are working for you... This could be your future.” – Louise Bedford (Source: Tradinggame.com.au)

In April 2016, I wrote about 3 best traders I’ve even seen. These brilliant trades aren’t stars in the world of trading, but they beat the so-called stars. Their outperformance is huge!

I promised to give you an update on the result and identities of these mad geniuses. They’re really exceptional in that they even participated in another private contests, which consisted of 100 profitable traders, and they came out on top again. This happened in spite of the fact that the market conditions during the first contest was completely different than the market conditions during the second contest.  So they have strategies that can survive all market conditions. I’m very happy for them.



For a reminder, these are the details of their recent performances: 

The contestant who came first turned 2,500 USD into 1,433,480 USD (57,239.20%).
The contestant who came second turned 2,500 USD into 741,365 USD (29,554.60%).
The contestant who came third turned 2,500 USD into 713,076 USD (28,423.04%).

The top three traders are Andris D, a Latvian; Bogdan D, an American; and LD N, also an American. This is no surprise, Americans are among the most effective traders on this planet.

WHAT THE BEST TRADERS HAVE IN COMMON
These traders were interviewed, as well as other profitable traders. I read the interviews myself and would like to give you tips on what they’ve in common.

They were gainfully employed before they became traders
They even kept their day jobs after becoming traders. One is a soccer player. One is an electrical engineer, while one is a former submariner and currently a wealth manager in a trading firm. Being gainfully employed before one becomes a trader will help one’s psychology, contrary to the impatient and risky tendency of a jobless trader.

It’s good to become a trader while you’re earning a steady source of income, not when you’re jobless and destitute. Those who’ve sources of income find it easier to speculate with monies they can afford to lose. They can also make rational trading decisions because their existence isn’t dependent on a single trading capital. This goes in a sharp contrast to someone who must make profits in the markets or go hungry.

When you talk about trading in the hearing of those who’ve good jobs, they’ll reply that they aren’t interested. However, when they lose their jobs, they come to trading as the last resort. This is the worst time to become traders. It’s far better to become traders when you’re comfortable, and when you become consistently profitable, you can then go solo as a trader, if you think that’s viable.

They’ve years of trading experience before reaching profitability
One has 6 years of experience. One has 5 years of experience; while another has 10 years of experience. This means they’d been playing the markets for long, before they got to the stage in which they can pull out profits consistently.

Let me tell you a fact. It’ll take you years to master the markets personally. Anyone who tells you otherwise is fooling you. Even if you buy a good trading system, you’ll need some experience to use it successfully. The way an experienced trader applies a trading system is different from the way a rookie uses a trading system. 

Don’t think you’ll come to trading and start making consistent profits right away. It’ll take you some years to do that.

They go into trading to make money
This is why we become traders: We want to make money. The major reason these geniuses become traders is to make money, and they craved profits badly enough. They wanted better living standards. They wanted financial freedom. They were aware that trading brings wonderful opportunities.

But you don’t make money because you want money. You make money because you’re persistent, perseverant, diligent, and patient. You need to crave success badly enough.

They use manual and automated strategies
Manual strategies are good. Automated strategies are good. There is a genius who made huge money based on manual trading only. There is a genius who made huge gains based on automated strategies only. As long as you control your risk, stick to your rules and approach trading rationally, you would be victorious.

They’ve vowed never to quit trading
Whether the going is good or bad, these exceptional traders look forward to trading forever (until they drop dead). Unlike undisciplined traders who threaten to quit when they face drawdowns and promise to continue when they see positivity, these profitable traders have decided to continue trading, come rain or shine.

Would you keep on being a trader, moving forward in your journey to success? Or would you stop being a trader because of the current roadblocks? Would you give what it takes to ensure that you reach consistent profitability?

May you be given the wisdom to make decisions that would make it possible for you to be a testimony to others in future?

Conclusion: Maximiliano Lepez’s college professor once told him he was foolish for thinking he could beat the markets. That statement was enough to discourage many people from trading, or who would not take a word of a college professor seriously? But Maximiliano didn’t allow himself to be discouraged. He went to the battlefield of the financial markets and became a proficient trader, using algorithmic strategies. He’s the last laugh. 

This article is ended by the quote below:

“It’s a matter of finding an approach that works for the individual.  A person has to know whether they are comfortable with fundamental or technical, long term or short term, certain types of markets, wider risk or less risk… You can go through a whole checklist of things and find it’s different for each individual.” - Jack Schwager




Super Trading Strategies: Super Strategies


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Friday, December 16, 2016

Paysafe Group PLC – Another Dead Cat Bounces?

Paysafe Group stock (LSE:PAYS) looks like another dead-cat-bounce scenario. Price moved sideways in June and July, rose gradually in August and September, came down gradually in October and November, and then crashed this month.

Following the crash is an upwards bounce in the market… But it has not overridden the current bearish outlook. Price is currently below the EMA 21, though the Williams’ % Range is just coming out of the oversold region, which is a normal thing.

Until price crosses the EMA 21 to the upside, Payfage Group would be a bear market.

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

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Cloudtag Undergoes a Roller Coaster Ride

Cloudtag shares (LSE:CTAG) has really undergone a roller coaster ride in recent months. Price consolidated in July and August, rose sharply in September, plummeted in October and November and it is now rising wildly this month. The market is quite choppy.

The ADX period 14 is not above the level 50, meaning that the momentum in the market is not great right now. The DM+ and the DM- are simply intertwined, which means there is no directional signal right. The MACD, default parameters, has its histogram above the zero line, while the signal lines are just crossing the zero line to the upside.

This means there is no clear signal on Cloudtag and it is Ok to stay away from the market right now…. Until the MACD and the ADX would give a signal that would result in a Bullish Confirmation Pattern or a Bearish Confirmation Pattern.

This forecast is ended by the quote below:


Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

Super Trading Strategies: Strategies Super


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


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Thursday, December 15, 2016

What can I do with a Neteller account?

You can send some funds to a Netteler account denominated in Australian or New Zealand dollars. If you want dollars, euro, pound sterling, yen, and so on. You can open a Neteller account in that denomination and have it funded by an exchanger which would send dollars to it and have it converted automatically for you.

One good thing about it is that, the fund can then be withdrawn by you to your domiciliary account here in Nigeria or to your Neteller debit Net-Card which you can use on ATMs. You can use it anywhere in the world and for anybody in the world. Foreign currencies sent from your Neteller account to your domiciliary account would be in inflow, and could be withdrawn as cash or used for many purposes.




Q. What is Neteller and what are the uses for it?

A. Neteller is an electronic currency for online payments (e-currencies are exchanged on computers). Money in a Neteller account can be used to pay merchants, sent to other customers of the service, or spent at any retailer that accepts MasterCard® using the Neteller prepaid card that is a part of the account. People in over 200 countries use the Neteller service to transfer money to and from merchants, such as financial institutions, social networks, or online betting firms, and can withdraw funds directly using the Net+ card or transfer the balance to their own bank accounts. You can receive salaries and payments for services in Neteller. You can use your local currency to buy Neteller for your account or change Neteller in your account to your local currency or transfer it directly to your bank account.



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Tuesday, December 13, 2016

ARE CEO’S WORTH IT?

The World’s Best-Value CEOs


Are chief executive officers worth their pay? Apple CEO Tim Cook's $10 million in compensation isn't chump change, but it's a bargain when you compare that to the company's massive average economic profit over the last three years.



Other companies pay their CEOs much more, but seem to get a lot less for it. Bloomberg looked at the pay-for-performance ratio of 100 CEOs at some of the largest companies around the world to see which companies are getting the best value from their CEO.

Please see the list here: https://www.bloomberg.com/graphics/2016-best-value-ceos/ 



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Sunday, December 11, 2016

Daily analysis of major pairs for December 12, 2016

 The USD/JPY consolidated last week, and then began to trend upwards on Friday. There is a Bullish Confirmation Pattern in the 4-hour chart, and since the outlook on JPY pairs remains bullish for this week, the USD/JPY would also normally trend further upwards. The targets for this week are located at the supply levels of 115.50, 116.00 and 116.50.

EUR/USD: There is a clean “sell” signal on this pair. Price generally moved downwards last week, closing below the resistance line at 1.0600, and nearly reaching the support line at 1.0550. This week, price could reach the support lines at 1.0550, 1.0500 and 1.0450, for the outlook on the market is bearish. In fact, there is a possibility that EUR may reach parity with USD in a foreseeable future.




USD/CHF: There is a bullish signal on the USD/CHF. In spite of tight volatility and bears’ machinations last week, bulls were able to push the market up a bit. Price is now above the support level at 1.0150, targeting the resistance levels at 1.0200 and 1.0250. CHF is bound to gather some stamina this week, it may not affect the USD/CHF, unless the stamina is too much.

GBP/USD: The Cable pulled back most of the last week, closing at 1.2576 on Friday. This has become a threat to the recent bullish bias on the market; plus a movement below the accumulation territory at 1.2500 would result in the end of the bullish bias. For the bullish bias not to be overruled, price needs to stay above that accumulation territory.

USD/JPY: The USD/JPY consolidated last week, and then began to trend upwards on Friday. There is a Bullish Confirmation Pattern in the 4-hour chart, and since the outlook on JPY pairs remains bullish for this week, the USD/JPY would also normally trend further upwards. The targets for this week are located at the supply levels of 115.50, 116.00 and 116.50.

EUR/JPY: The market was quite choppy last week – but the bullish outlook on it remains intact. This week, further upwards movement is expected as price would likely reach the supply zones at 122.00, 122.50 and 123.00. As long as the demand zones at 120.00 and 119.50 are not breached to the downside, the bullish outlook would remain rational.

Performed by Azeez Mustapha,
Analytical expert
InstaForex Companies Group


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Saturday, December 10, 2016

Weekly Trading Forecasts on Major Pairs (December 12 – 16, 2016)

Here’s the market outlook for the week:
                                          
EURUSD
Dominant bias: Bearish   
This pair made some bullish attempt in the first few days of last week. Price rallied 300 pips, testing the resistance line at 1.0850, before it began a serious bearish movement. The bullish gains that were initially made last week, were eventually lost as price plummeted, to close just above the support line at 1.0550, after testing it. The market outlook is bearish for this week, since EUR is expected to continue its weakness while USD would continue gathering stamina. There is a possibility that EUR would reach parity with USD in a foreseeable future.




USDCHF
Dominant bias: Bullish
Last week, USD/CHF moved sideways from Monday till Wednesday, and then started moving upwards on Thursday, in conjunction with the extant bullish bias. Price tested the resistance level at 1.0200, and later closed below it. The outlook on the market is bullish for this week; price could reach the resistance levels at 1.0250 and 1.0300. However, it would also be seen that CHF is rallying versus some major currencies, which may prove to be a challenge for the bullishness of USDCHF.

GBPUSD
Dominant bias: Bearish   
Cable went upwards on Monday and Tuesday, reached the distribution territory at 1.2750. Price attempted to stay above that distribution territory, but the attempt was rejected as a southwards movement began, which eventually posed a threat to any bullish signal in the market. Price would move further southwards this week, going below one accumulation territory after the other. The outlook on GBP pairs is bearish for the week.    

USDJPY
Dominant bias: Bullish
USD/JPY consolidated from December 5 to 7, and the rallied on December 8 and 9 (though the consolidation started earlier than that). Since the low of November 9, the market has gone up by 1400 pips, and this would continue. As it was forecast every week in the last three weeks, the outlook on this market, and as well as other JPY pairs, remains bullish. The supply levels at 115.50, 116.00 and 116.50 could be reached this week.

                                                                                                                               
EURJPY
Dominant bias: Bullish   
There is a conspicuous Bullish Confirmation Pattern on this trading instrument, albeit it is currently volatile. Price has recently swung up and down in the context of an uptrend, but the overall movement would be bullish. The targets for the week are supply zones at 122.00, 122.50 and 123.00, which were all tested last week. The major reason why price is generally bullish here is because there is a serious weakness in Yen, and as long as the weakness continues, EUR (which is weak on its own), would manage to keep on going upwards against it.  

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




 Super Trading Strategies: Super Strategies   
  

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The default minimum deposit amounts are: $100 for Micro accounts, $500 for Pro-Managed accounts, and $2,000 for Pro accounts However, an optional "suggested deposit amount" parameter may be used.