I am headed to Singapore!
I am headed to Singapore!
To be a successful trader demands knowledge.
If you’d prefer to become an unsuccessful trader, you can start by making the following common trading mistakes, detailed by a professional who spent 25 years in portfolio management, trading and forecasting in the financial capital of the world, New York City.
In 2002, Wayne Gorman, long-time Elliott wave trader and current head of trader education at Elliott Wave International, left his 35th floor Manhattan apartment and moved to the quiet of North Georgia. He’s been sharing his knowledge and skills with aspiring traders ever since — in both online seminars and before live audiences around the world.
Wayne graciously agreed to a Q&A about trading mistakes. In hi
ECB President Trichet noted last week that Q2 growth was stronger than expected and that Q3 was off to a good start. This may be a premature judgment and based with the Q3 assessment based almost exclusively on survey data. Today’s news confirms that the euro zone industrial recovery faltered in late Q2. The consensus had expected a 0.6% rise in June industrial output and instead a 0.1% decline was reported. That May’s advance was revised up slightly (1.1% from 0.9%) does not change the underlying picture. This is not meant to exaggerate the small decline after a large increase, but rather to highlight the negative news stream. Tomorrow Q2 GDP for the euro zone will be reported. The consensus calls for a 0.7% increase after a 0.2% expansion in Q1. The risk
The Dollar remained under heavy selling pressure with Friday’s weak Jobs Data accelerating the selloff. July Nonfarm Payrolls missed at -131k vs. -65k forecast. Stock markets where able to brush off the negativity however as talk emerged of possible further easing measures from the FED to help the US recovery continue. The Euro traded above the medium term bull targets of 1.3300 on Friday and the outlook is continuing to improve with solid economic data from the Eurozone and improving investor confidence. The ECB held at 1.0% as expected. The