Gold Hits Nine Year High

For the first time since 2011, spot gold has topped $1900, hitting an intra-day high of $1906.35. Gold futures in the December contract traded above $1900, starting on Wednesday, hitting an intra-day high of 1933.60 today. On a weekly level, gold will post its seventh consecutive week of gains with a weekly increase of +4.8% […]

Read More

Support and Resistance Explained for Beginners

  What is Support and Resistance? Support and resistance is a stock market concept which gained steam in the 1800s and early 1900s. The idea is that certain price levels have significant imbalance of supply and demand, and serve as market turning points.  In plain English, a support level is a price level where buyers […]

Read More

THE ORANGE ECONOMY – WHERE CREATIVITY IS AN ECONOMIC ASSET

Our economic potential is limited only by our collective imaginations – the right hemisphere of our brains applied to both creative and quantitative endeavors. Orange, the Color of Creativity You’ve heard of the green economy and the blue economy. Now, researchers are taking a closer look at the so-called “orange economy”. With no set definition, the core of […]

Read More

Natural Gas Roll Date – August 2020

Wednesday, July 29th marks the Last Trade Date for the August 2020 Natural Gas futures contract. Active NG traders can roll to the September 2020 contract as early as Friday, July 24th, before the open. Standard trade execution fees & commissions apply. For up-to-date information on contract expirations, roll dates, news announcements & more, visit […]

Read More

Forex and Cryptocurrency Forecast for July 27 – 31, 2020 – Analytics & Forecasts – 25 July 2020

First, a review of last week’s events: – EUR/USD. The USA does not bring good news to the markets.  Escalating tensions between Beijing and Washington, rising jobless claims, and the ongoing COVID-19 offensive frighten investors, raising doubts about the imminent recovery of the American economy. The Nasdaq and S&P500 indexes turned red at the end […]

Read More

10 tips for new traders –

1. Treat trading seriously If your ambitions are to trade professionally, you must approach trading with the seriousness it requires. As I said on Twitter before: you can’t have the millionaire lifestyle with the 9-5 work ethic. Makes sure to check your priorities and align them with your daily actions. 2. Avoid shortcuts If something […]

Read More

Risk Reward Calculator | New Trader U

Click here to get a PDF of this post After an entry the risk/reward ratio quantifies a trades potential for loss size versus the size of possible profits. When backtesting signals the average size of all the losing trades in a system compared to the average size of all the gains gives you the system’s […]

Read More

You Can’t See the Forest Through the Trees

Yesterday, I went out wakeboarding with my family here in Gig Harbor, Washington. The weather was great, but fairly windy, which chopped up the surface of the water. Fortunately, my parents’ place is in a cove so we just stayed further back to find smoother water, out of the wind. Despite the less than ideal […]

Read More

How To Execute And Fill Options Trades

Filling option trades can often feel like pulling teeth. While some trades and orders get filled quickly and without issue, others are incredibly stubborn and hard to get filled. To add to your frustration, the entire order execution process appears to be just another confusing black box. There’s seemingly no rhyme or reason why this […]

Read More