Be prepared to see some selling pressure in the next 3 weeks. Short term view is still bearish, however the long term view is still bullish as the KLCI is still trading above the 200-day Moving Average.
More and more people are asking me about forex trading, whether it is a sound investment and how they can be successful in forex trading. Personally I think investors are good to expose themselves to various forms of investment as ways to diversify their portfolio provided they understand very well the risk involved in each type of investment. Forex trading involves higher risk than the usual equity investment that requires certain trading skills and discipline. Of course all these can be trained as you go along in the journey of trading, be it forex, futures or equity trading. So if you were to ask me if it is a sound investment, my answer is "Yes" if you trade with a plan, this plan must state clearly your entry price, target price, and your stop loss. Next, I would like to share with you my personal views on how to be a winner in world of forex trading. Big Picture Too many traders get too detail in the day to day, minute to minute trading which often make one get confused
Chris Williams of Williams Capital After financial turmoil in 2008-09, Black Enterprise magazine decided to wait a year or two before presenting its occasional list of the most powerful blacks on Wall Street. It figured it needed to watch the shake-out in the industry and observe the impact on African-Americans. In its latest issue ( http://www.blackenterprise.com/ ), it decided now is a good time to update its list, although Wall Street, banking and trading have experienced many bumps and bruises in 2011. It failed to answer conclusively whether African-Americans took unfair, backward steps in diversity progress among top banks, brokers and financial institutions. Everybody took hits during 2009-10, all groups and genders, including African-Americans in entry and middle-level roles. We all saw the industry reduce staff by the thousands during the crisis.And we saw how some on their own fled the industry to avoid stress and uncertainty or to explore other opportunities with less stra
Recently a close relative of mine was scammed away more than RM100k and I think I need to write this article to warn people about scams. This can happen to anyone, whether or not you are educated and you have seen many times these things happened in the media, you may well be a victim of a scam. You've saved all your life and you've been investing wisely to accummulate your wealth, but one unlucky day you encounter a professional syndicated group of people who got hold of your emotional weakness and you may lose your life savings. Internet Scams The most common is through internet. It is reported that many scams are initiated through the Internet; victims range in age from 18 to 81 and come from all socio-economic backgrounds. All types of advance-fee scams have one point in common – the targeted person is led to believe that he or she has a chance to attain something of very great personal value (financial reward, a romantic relationship, etc) in return for a small up-front m
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