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Setting things up.

This might take a while.

This blog will be about blah blah blah......... you'll see.


Popular posts from this blog

Gold Analysis

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Download the image for a closer look. Straight into the thick of it, continuing from the previous blog post, Gold is currently in a downtrend but I'd love to call this a healthy pullback since the uptrend is still on. What we're seeing now, the dip from 2065 levels, speaking like an investor (chuckles) is an opportunity provided by the market for investors to dump their stocks & buy Gold instead since the sorry state of the economy, rising rates & rising inflation makes all other investments non-promising in the short run of about the next two years in my view. Technically speaking now, price has found support at that 1865 level which looking left we see is a zone of former resistance and the most interesting thing I can say relating the coming rate hike to the current price level is that on that same week (1-5th November) we had the exact same events on the USD side namely (in summary) the interest rate decision on a Wednesday (0.25% unch) followed by the N...
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Central Banks

Definition: A country's main bank. The Central Bank holds a country's banking system by providing the currency of the country, notes & coins, and serves as a lender of last resort to the Commercial Banks.  The Central Bank is incharge of a country's monetary policy. This means to maintain Price stability by controlling inflation, ensuring steady GDP growth and achieve full employment in the economy. The Central Bank is independent from a country's government/regime and thus its operations are uninfluenced by the political climate/scene.  Examples: Fed - the Federal Reserve, Central Bank of the United States ECB - European Central Bank, Central Bank of the European Union  BoE - Bank of England, Great Britain's Central Bank BoC - Bank of Canada RBA - Reserve Bank of Australia and others How a Central Bank Influences an economy a) Macroeconomic goals - Large scale /Long term goals that include maintaining price stability & steady GDP growth.  b) Microeconomic g...
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Critical Thinking

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Often it is considered to be doubting yourself and your own thoughts when you start to question an idea or a solution you might have but I tend to disagree.  Many atimes while going on with my trading activities, investing or implementing a new idea/method, basically everywhere, I question my own idea severally. These questions do not have answers but rather lead to more questions and those questions lead to more questions and in the end now I start finding the answers myself and put the pieces together making my initial idea more accurate & more efficient. I'll relate this to trading. System Building . When forming your own trading system you might not know everything good that a trading system needs to have but by asking yourself questions you'll most probably figure out more than three quarters of all necessary elements of a trading system all by yourself even before doing any research.  New traders mostly have the habit of asking someone who they consider ...
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