Bitcoin is a cash alternative that can be used for moving money across the globe quickly and anonymously with no need for a central authority to process transactions. It has climbed around 80 percent so far this year, far exceeding its 35 percent rise in 2015.
STRATEGY:
When a trend breaks, swing traders typically get in the game. At the end of a trend, there is usually some price volatility as the new trend tries to establish itself. Swing traders buy or sell as that price volatility sets in. Swing trades are usually held for more than a day but for a shorter time than trend trades. Swing traders often create a set of trading rules based on technical or fundamental analysis; these trading rules or algorithms are designed to identify when to buy and sell a security. While a swing-trading algorithm does not have to be exact and predict the peak or valley of a price move, it does need a market that moves in one direction or another. A range-bound or sideways market is a risk for swing traders.
Here are 10 secrets to day trading for beginners:
1.Look for scenarios where supply and demand are drastically imbalanced, and use these as your entry points.
2.Always set price targets before you jump in.
3.Insist on a risk-reward ratio of at least 3:1 when setting your targets.
4.Be patient.
5.Be disciplined.
6.Don’t be afraid to push the “order” button.
7.Only day trade with money you can afford to lose.
8.Never risk too much capital on one trade.
9.Don’t limit day trading to stocks.
10.Don’t second-guess yourself, but do learn from experience.
The U.S. stock market’s bull run since 2009 will extend into 2017 if President-elect Donald Trump’s plans to stimulate the economy with infrastructure spending and financial deregulation come to pass, according to strategists in a Reuters poll.
But limiting the enthusiasm are threats by Mr. Trump to consider imposing new import tariffs and the prospect of a potentially stronger dollar, with the S&P 500’s end-2017 forecast up about 6 per cent from current levels.
The benchmark index will end 2017 at 2,350 and finish 2016 at 2,210, according to the median forecast of around 40 strategists polled by Reuters over the past week. It closed Tuesday at 2,212.23.
Wall Street has rallied and hit record highs since Republican Trump unexpectedly won his White House bid in the Nov. 8 U.S. election.
Worries about his controversial policies leading up to the election have given way to optimism over promises for lower taxes, fewer regulations and more spending. The S&P 500 is up 8 per cent year-to-date, having gained over 2 per cent in the weeks since the election.
“Right now it looks as if the bull market is on, and the risks are that even guys like me who put out a very optimistic call were too conservative,” said Jonathan Golub, chief equity strategist for RBC Capital Markets in New York. His forecast for the S&P 500 to end 2017 at 2,500 was among the highest in the poll.
The S&P 500 has gone up every year since 2009 except in 2011, when it ended flat, and in 2015, when it posted a slight loss.
Part of the expected stock gains will be fuelled by a rebound in corporate profits following weak growth in 2016, strategists said.
Analysts expect S&P 500 companies’ profit growth of 12.4 per cent for 2017 compared with a forecast gain of just 0.9 per cent in 2016, Thomson Reuters data shows. A year ago, 2016 profits were expected to grow 8.3 per cent.
FAMOUS INVESTOR
The story of Suleiman Kerimov’s success is pretty inspirational one. When he was first starting out his career, he worked as an accountant for an electrical plant that made semi conductors and other parts used for circuit boards. He was only making 250 dollars a month, so he and his wife had to live at the workers’ hostel attached to the plant.
The story of Suleiman Kerimov’s success is pretty inspirational one. When he was first starting out his career, he worked as an accountant for an electrical plant that made semi conductors and other parts used for circuit boards. He was only making 250 dollars a month, so he and his wife had to live at the workers’ hostel attached to the plant.
When Kerimov made the leap into banking, he found his investment growing quite rapidly. With that added income that he could throw into investments, he went from being someone on a $250 a month salary to a multi billionaire.