Michael Covel is the author of best selling books Turtle Trader, Trend following and latest Trend Following Learn How to Make Money in Up or down market. Michael Covel trading idea is what matters in evaluating stock is the price. If the price is going up, buy ; Just follow the trend whether that trend is up or down.
Michael Covel trading tips
- IPOs are for gamblers, unless you are an insider.
- No one knows what the stock market ceiling will be. If they say so, they are making it up. Buy only now if you know exactly how much you can afford to lose.
- No one can predict market direction, so you have to be ready to exit and protect your capital. This all requires a trading plan well in advance of entering the market.
- The main drivers of sentiment in the stock market is herd behavior, not fundamentals [even though they may say its fundamentals]. People want to get rich fast, so they jump on board [with no exit planned]. That usually ends badly.
Michael Covel website is full of trading and investing resources. You can vist Michael Covel website to read finance articles or even buy one of his books or buy one of his trading course.
written by Constantine Njeru
\\ tags: Best Selling Books, Finance Articles, Gamblers, Herd Behavior, How To Make Money, Insider, Investing Resources, Ipos, Market Direction, Michael Covel, Sentiment, Stock Market, Turtle, Turtle Trader
If you are just getting started into the world of forex currency trading it is important you read as much information on how forex currency trading works.
One forex currency trading article I found useful in understanding how the world of currency trading works is Currency Trading Gets Easier but remains risky by Wall Street Journal.
The article does not teach you how to make money from currency trading but it is full of knowledge on the industry. These are benefits I found in the article:-
- Links to reliable forex brokers
- Rules governing trading in forex currency.
- Interview with a 53 Year Old Pro Forex Trader
- Risk of Forex Currency Trading
The article is not a tell all article but any beginner currency trader interested in the world of Forex currency trading will need to read alot more forex articles and books to understand currency trading.
written by Constantine Njeru
\\ tags: Articles And Books, Currency Trader, Currency Trading, Forex Articles, Forex Brokers, Forex Currency, Forex Trader, Forex Trading, How To Make Money, Money Currency, Read Books, Risk, Trading Currency, Wall Street, Wall Street Journal, World Currency
John Paulson famously made a cool US 3.5 billion in 2007. He was among the few who had seen the housing boom was built on sand and bet against it.
How did he see it.
In a Wall street journal interview, I found this Paulson quote
“Where is the bubble we can short?” He was asking his staff. They found it in housing.
I think that is the one example on how to make money. Find a bubble and short it!
In the same interview Paulson gave a vague assessment of the market
He’s also betting against other parts of the economy, such as credit-card and auto loans. He tells investors “it’s still not too late” to bet on economic troubles.
Not to fast that was way back in January 2008.
written by Constantine Njeru
\\ tags: Auto Loans, Bet, Credit Card, Economic Troubles, Economy, Housing Boom, How To Make Money, Investors, John Paulson, Market Predictions, Quote, Wall Street, Wall Street Journal