This is the question everyone is asking. There is a lot of anxiety and fear present about the future of our nation—regardless of who is in office. People become paralyzed by fear—we saw this in 2008. They wait to take action until they ‘have to’ because the pain of loss is so great. However, the cost of waiting is far greater than most people can afford to pay. Most Wall Street Pros tell you to wait, not to do anything and just sit tight.
What impact will the 2016 election have on your financial future?
In my 25 years of involvement in the trading arena, as you might imagine, I’ve learned a thing or two. I, like every trader, have made mistakes and experienced deep emotional angst, as well as great euphoria throughout my years of trading. I have seen multitudes fall by the wayside in their attempt to become profitable traders and others become wildly successful.
Nearly every successful trader keeps a trading journal. They know it is one of the most powerful things they can do to influence their trading skills and, ultimately, their profitability. Most traders, however, don’t understand how to keep an effective diary. Here are seven tools you can use to help put you into the realm of the profitable trader.
The basic premise of intermarket analysis is that there’s a cause and effect of the movement from one instrument to another. For example, the price of gold and the U.S. dollar index ($DXY) generally has an inverse relationship as gold is denominated in US dollars, so any move in the dollar will have an impact on the price of gold.
TIPS AND TRICKS
As if there was not enough uncertainty surrounding financial markets, US elections are just around the corner. The US presidential elections 2016 will be held on Tuesday, November 8th. This has been one of the most controversial pre-campaigns of US history, confronting Democrat Hillary Clinton and Republican Donald Trump. We’d like to help you to be aware of the most important political event of this year, one that will transcend borders and will undoubtedly affect the markets.
THE TRUMP TRADE: HOW TO BUILD A SYNTHETIC CROSS PAIR