Technical Analysis of the Financial Markets

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What is OPEC?

What is OPEC?

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What is OPEC? OPEC stands for The Organisation of Petroleum Exporting Countries. The aim of OPEC is to regulate supply and demand of oil throughout the world. It also aims to control the price of oil to ensure its members are getting a fair deal. OPEC founder members: Iran Iraq Kuwait Saudi Arabia Venezuela Joining countries: Qatar (1961) Indonesia (1962) Libya (1962) the United Arab Emirates (1967) Algeria (1969) Nigeria (1971) Ecuador (1973) Gabon (1975) Angola (2007) Equatorial Guinea (2017) There are notable absences from this list, namely the US and Russia. Russia was initially invited and has been reinvited to join OPEC a number of times over recent years. It has so far refused to do so due to oil production not being controlled...
What type of trader are you?

What type of trader are you?

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There are many strategies and approaches to trading the financial markets. The task of wading through the plethora of information to find a strategy that suits you can take time. A trader with a sharp mind who has free time would enjoy a shorter time frame approach. A trader holding down a full time job with other commitments would enjoy a longer term approach.   Although there are may strategies. There are 4 main types of trader which I describe further below:    1. Scalper   A scalper is a trader who focuses on the lower time frame charts, usually between the 1 minute and the 15 minute.. The approach of a scalper is to enter and exit the market 'scalping' between 1 and 5 pips/points at a time. A scalper can be in and out of the market throughout the day and du
The Most Traded Precious Metals In the World

The Most Traded Precious Metals In the World

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A commodity is defined as a raw material or primary agricultural product that can be bought and sold, such as copper or coffee. Although there are many commodities for a trader to buy and sell  nothing quite grabs the attention of a trader than precious metals. There are many factors that influence the price of a precious metal. These can range from rarity, its application in electronics and jewellery and most importantly how the metals value has been viewed historically. For example during times of market instability everyone rushes to Gold. Historically gold has always been seen a safe haven and generally holds its value or even rises when other markets fall. There are 4 main precious metals available to for the retail trader which are listed below. Gold For thousands of years
Trading Education – What is the DAX?

Trading Education – What is the DAX?

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The DAX also known as the Deutscher Aktienindex was founded in July 1988. It is a German market stock index which consists of the top 30 blue chip companies which trade on the Frankfurt stock exchange. consisting of the 30 major German companies trading on the Frankfurt Stock Exchange. The DAX is a performance indicator of German companies by way of order book volume and market capitalisation. It draws comparisons with the British FT30 and the US DOW. It must be noted that as it only contains the top 30 German blue stocks it is not necessarily an indicator of a strong German Economy. As you can see from the chart above the DAX has been in a significant up trend since its inception and really took off in late 2014 when it broke the 8000 mark. Over recent weeks the DAX has made all
A Beginners guide to the 3 most popular US stock indices.

A Beginners guide to the 3 most popular US stock indices.

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What is an Indices? In its simplest form it is a collective term for a section of the stock market. The most popular indices are generally a collection of the best performing stock in a particular country. Some countries have more than one prominent index and the differences being the type and amount of companies it uses to calculate its value. Because there are many different indices in a many different countries, for this article I am going to focus in the main US stock indices. The Dow (The Dow Jones Industrial Average) The Dow also known as the DJIA. The Dow is calculated from the weighted average of 30 reliable and significant blue-chip stocks in the US stock market. The stocks used come from a variety of different sectors. These include Disney, Visa, 3M, Apple, Microsoft and
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