vladtitov151

Isn't there any means they could make profit except from the lost of traders? I really don't know, but there should be. If not, then all brokers are scams. Regulated or not.

David, its been 4years already. Just curious, how have you done so far? Did you get advice from any analyst? or did you trade yourself? Whichever way, how have you done for the past 4 years?? I am so eager to know.

Thanks for the article. The intended message was passed and perfectly understood. Mit, you always look for errors and try to make someone's piece irrelevant. Give folks a break.

I agree, but it always look simpler on writing than the actual trading. It is good to learn particular principles, rules and strategies. But the fact is, certain things cannot be learnt except one starts trading.

Thanks buddy. I definitely understand now.

You didn't mention demand and supply. are they not major determinant of the price of any stock or commodity? I have always thought they play major roles in the oil market. or don't they?

okay. thanks for you comment and nice words. as for the write up for newbies, except that soon. I am on it right away.

Trading the stock market is by far one of the easiest ways to create serious wealth and is accessible to anyone no matter where you are in the world. When you learn to trade the stock market, you are able to directly benefit from massive amounts of money it makes available to you everyday. Most people who are interested in learning how to become profitable traders need only spend a few minutes online before reading such phrases as "plan your trade; trade your plan" and "keep your losses to a minimum." For new traders, these tidbits of information can seem more like a distraction than any actionable advice. New traders often just want to know how to set up their charts so they can hurry up and make money. To be successful in trading, however, one needs to understand the importance of and adhere to a set of rules that have guided all types of traders, with a variety of trading account sizes. Each rule alone is important, but when they work together the effects are strong. Trading with these rules can greatly increase the odds of succeeding in the markets.

I may be in the camp of those that think that oil price is fabricated, however, I don't think Trump is the answer. He is just a loud sounding gong. I hope he don't win cos i believe things would get worst.

THE 10 COMMANDMENT FOR TRADING STOCK. Rule No.1: Always Use a Trading Plan Rule No.2: Treat Trading Like a Business Rule No.3: Use Technology to Your Advantage Rule No.4: Protect Your Trading Capital Rule No.5: Become a Student of the Markets Rule No.6: Risk Only What You Can Afford to Lose Rule No.7: Develop a Trading Methodology Based on Facts Rule No.8: Always Use a Stop Loss Rule No.9: Know When to Stop Trading Rule No.10: Keep Trading in Perspective Understanding the importance of each or these trading rules, and how they work together, can help traders establish a viable trading business. Trading is hard work, and traders who have the discipline and patience to follow these rules can increase their odds of success in a very competitive arena. Happy Trading Fellas

It seems that the oil price is manipulated. Futures trading has taken two stances on forecasting oil prices and they seem to sober up short term price rallying. This to a lesser extent dampens the blow on the market each time it plummets. The categories as below are 1) Commercial: this being the norm for futures trading as the price will be fixed over a few years. The second position 2) Non Commercial is aimed at identifying market changes as influenced by lucrative hedge funds in the short term. These hedge funds were the primary reason for the shale oil boom initially causing large oil producing nations such as Saudi Arabia to crank up production. So keeping an eye on high value investments over the short term in this area acts as an indicator of fracking activity. In addition to this you also have to consider existing crude stock availability, draw down and procurement activity. Regional tension and geopolitics adversely effect oil prices and as such there is a tendency to exaggerate market reaction. It's analogous to flying a jet fighter aircraft with one hand on the ejection handle.

Then I would say no. Daily oil production world wide is around 80 million barrels. At $50 per barrel this is a cash flow of 4 billion dollars per day. With economic activity this large it is hard to conceive of an individual or company that has enough money to manipulate the price of oil in any significant way. Only a few countries in the world have sufficient quantities of money to have an impact on the price of oil and they have other things to do with their money.

Well it depends what you mean by "FABRICATED". I am not sure what “Fabricated” means in this question regarding oil prices. If it means the price of oil is being manipulated then the answer is definitely yes. One of the largest oil producing countries, Saudi Arabia, is intentionally pumping as much oil as it can with the expressed intention of destroying the American oil fracking production companies. Fracking in America produces oil at a minimum price around $50 per barrel. So long as the world price stays below that it is not profitable to drill more wells using fracking and horizontal drilling in America.

Why haven't i seen this before? this is so cool. thanks for such a wonderful thread.it was really helpful. I am so following this.

I kinda got confuse when i saw an article today and someone argued that Oil decline is caused by financial traders. I have always thought that demand and supply re the determinant. please what do you think about this?

If you follow market news, you will notice that there is oversupply right now in the oil market, thanks to Iran. Even though countries like Nigeria, Canada etc. are on their lowest point of supply now. So that may be the cause of the low oil price right now. However, the oil market may not be as transparent as we thought it is. My reasons are, After Canadian fires, falling Fracking rig counts & bankruptcies, Nigerian rebel attacks on oil infrastructure, and every other supply disruption, plus robustly higher global demand, the market remains over supplied. This is making me think that there may be lots of politics and non-transparency going on in the oil market.

I have always been in the camp of the remain campaign and i have always said that the effect of the Brexit is yet to come. It will be like a slow poison. Well, that is if UK are dumb enough to leave EU. Because there are speculations that shows that they may not leave.

I thought as much. I also noticed that his concept of analysis are quite the basis, for me, nothing really intriguing and so much special that can be a secret to a major investor.

what difference does it make when you use two time frames, but each time frame is 24 hours long and another trader who uses a single time frame but last for 48 hours?

I have read this book honestly, I didn't feel like i read a book almost everyone was recommending. I personal feel the book is kinda overrated. So what are your thoughts on the book if you have read it?

I have done this crap before and it definitely didn't go well. if you listen to the brokers, they make it look so easy and you feel that you can never loss. but if you start, the reality will be done on you. I won't recommend 60sec binary to anyone whatsoever. it is total crap.

read books and follow market news. Unless you have a passion for the market, you may never know how to trade, because it needs time to learn and even much more time to trade. For now, study and do demo trades.

it all depends on the individual willingness to learn and passion for trade. It take me two years of learning studying and paper trading to properly understand Forex trading. However, i know someone that took just 6 months to understand the market. he made 2500 dollars the following 6 months after losing 1500 usd in the first 6 months.

I am a good and successful trader and i don't buy the crap you are saying. I have got a good conscience and i trade well. They have nothing to do with each other. Your conscience don't in any way affect your trade.

who says that? If you base you analysis only on Fib Retracements, you will surely get broke and bankrupt. Successful traders look at charts, indicators and follow market news.