Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

Tradewinds

How I Would Charge for a Trading Course/system

Recommended Posts

If I were going to sell a trading system, or have someone pay me for a trading course, I would make them a guarantee. I would guarantee that they will make money in simulated trading within a certain time period, or I will give them 110% of their money back. That is the way I would do business. And I wouldn't charge them much up front. If I could teach someone to make money trading, then they would have plenty of money to pay me later. If I can't teach someone to make money trading, then I shouldn't be getting anything.

Share this post


Link to post
Share on other sites

I think that many people like to pass along knowledge that has been acquired. It makes us feel like we have value, and it can give us an ego boost. So emotionally and psychologically there is a benefit to telling other people what we know. If we can get paid for telling people what we know, then there is also a financial benefit. But it seems like there are conflicting motives for someone to write a trading book, sell a system or a subscription, or sell any other information. If the information is so valuable, then why don't people just keep it to themselves?

Share this post


Link to post
Share on other sites
If you are giving a 110% guarantee, I would like to buy your first 10,000 subscriptions.

 

One per customer. Sorry! :rofl: But seriously, there is no point in selling a trading system, indicator, subscription or anything else if it actually does make money. If it really does make money, then I will never tell anyone about it. I will hire employees to trade my system. I will run a trading room where people can trade my system. But it would all be "black box". No one will ever see what is on the inside of that little "black box".

 

But I could still sell my system for a 110% guarantee and not loose money. In fact, I would guarantee that you would make money in LIVE trading. Because I would have a verification system that the customer didn't intentionally loose money in order to get the 110% back. Let's say I charged $10,000 dollars for the system. You would get $11,000 dollars back if you lost money in LIVE trading. Yes, I know that I said sim trading before. And I would put in the contract that you would have to loose more than $1,000 dollars in live trading. So ultimately, you would have a net negative. So would I, but I probably would not get a lot of people who just intentionally wanted to loose money in order to mess with me.

 

Then, if they couldn't make money in live trading, I would have it in the contract that they would have to stop using the system. So they wouldn't be able to trade the system either. So the customer would still have a net negative, and they wouldn't be able to keep the system. Remember, it would be "black box" indicators. So it would all be locked up, and have an expiration date. All kinds of software has that.

 

If I was selling a system that was not black box indicators, I would set up a system where I would be part owner of your broker account. Yes, I know, I know. No one would ever agree to that. But that would be their loss. If they don't want to make tons of money trading, fine, then don't buy my system. It will be a crushing blow to my ego that will take a few days to get over, but hopefully I'll pull out of it.

Share this post


Link to post
Share on other sites
One per customer. Sorry! :rofl: But seriously, there is no point in selling a trading system, indicator, subscription or anything else if it actually does make money. If it really does make money, then I will never tell anyone about it. I will hire employees to trade my system. I will run a trading room where people can trade my system. But it would all be "black box". No one will ever see what is on the inside of that little "black box".

 

But I could still sell my system for a 110% guarantee and not loose money. In fact, I would guarantee that you would make money in LIVE trading. Because I would have a verification system that the customer didn't intentionally loose money in order to get the 110% back. Let's say I charged $10,000 dollars for the system. You would get $11,000 dollars back if you lost money in LIVE trading. Yes, I know that I said sim trading before. And I would put in the contract that you would have to loose more than $1,000 dollars in live trading. So ultimately, you would have a net negative. So would I, but I probably would not get a lot of people who just intentionally wanted to loose money in order to mess with me.

 

Then, if they couldn't make money in live trading, I would have it in the contract that they would have to stop using the system. So they wouldn't be able to trade the system either. So the customer would still have a net negative, and they wouldn't be able to keep the system. Remember, it would be "black box" indicators. So it would all be locked up, and have an expiration date. All kinds of software has that.

 

If I was selling a system that was not black box indicators, I would set up a system where I would be part owner of your broker account. Yes, I know, I know. No one would ever agree to that. But that would be their loss. If they don't want to make tons of money trading, fine, then don't buy my system. It will be a crushing blow to my ego that will take a few days to get over, but hopefully I'll pull out of it.

 

Tradewinds,

 

You are better off if you do not tell anyone because if too many people trade it, it won't work or won't work as well since trading is a zero sum game.

 

Consider a poker example. If you create a poker-bot to play at a table of 10 players and it has an edge over each of the other 9 players, you will eke out a profit from that table. If sell a copy of the poker-bot to one other guy, then the two of you will make money off the other 8, but not off each other since you do not have an edge over each other. Each person who uses the bot at the table reduces the amount you make from playing poker to the point where if all 10 players a re using the same bot, then the rake will be divided equally and in the long run all of you are losers in spite of the fact that you are trading a winning strategy.

 

On the other hand, a course that could teach a trader how to properly read a market I think would be worth the traders weight in gold. I do wish that someone sat with me and taught me what I have learned without cutting through all the bull shit.

 

MM

Share this post


Link to post
Share on other sites

Tradewinds and Mighty Mouse,

 

Good conversation, But you are missing one perspective, that of the forex mentor...

 

Consider this..

 

A professional sports team holds spring training try outs. This professional team has the best coaches money can buy, who have developed the best curriculum (training program) possible, using top of the line equipment and facilities. However, of all the pro athletes in attendance, some will be all stars, some will be second stringers, and yes, there will be some who frankly get cut from the team.

 

for those athletes that get cut, who's fault was it? was it the coaches? was it the equipment? No. The difference is INSIDE EACH ATHLETE. You see there is a level of personal responsibility that comes with learning a new skill and then using that skill to achieve success. maybe it's perserverence, maybe discipline, who knows? it's different for everyone.

 

I guess what I am trying to say is that it is not about the system, it is about the INDIVIDUAL TRADER, a good trader can make almost any system profitable, but a lousy trader will lose money with a profitable system. So it is noble of you to offer 110% refund, but you would be making the mistake of believing that YOU can single handedly make someone successful, and that is simply not true.

 

Does Harvard give you a refund on your tuition if you are not successful in the career of your degree? Not hardly. But do you doubt the credibility of that school? of course not.

 

Some people are just not cut out to be traders. and if you offer unrealistic refunds, you will be out of business and will not be able to help anyone.

 

Just my two cents...

 

...good trades,

Sam

Share this post


Link to post
Share on other sites
Tradewinds and Mighty Mouse,

 

Some people are just not cut out to be traders. and if you offer unrealistic refunds, you will be out of business and will not be able to help anyone.

 

Just my two cents...

 

...good trades,

Sam

 

 

Or, at the very least become frustrated.

Share this post


Link to post
Share on other sites
Tradewinds and Mighty Mouse,

 

Good conversation, But you are missing one perspective, that of the forex mentor...

 

Consider this..

 

A professional sports team holds spring training try outs. This professional team has the best coaches money can buy, who have developed the best curriculum (training program) possible, using top of the line equipment and facilities. However, of all the pro athletes in attendance, some will be all stars, some will be second stringers, and yes, there will be some who frankly get cut from the team.

 

for those athletes that get cut, who's fault was it? was it the coaches? was it the equipment? No. The difference is INSIDE EACH ATHLETE. You see there is a level of personal responsibility that comes with learning a new skill and then using that skill to achieve success. maybe it's perserverence, maybe discipline, who knows? it's different for everyone.

 

I guess what I am trying to say is that it is not about the system, it is about the INDIVIDUAL TRADER, a good trader can make almost any system profitable, but a lousy trader will lose money with a profitable system. So it is noble of you to offer 110% refund, but you would be making the mistake of believing that YOU can single handedly make someone successful, and that is simply not true.

 

Does Harvard give you a refund on your tuition if you are not successful in the career of your degree? Not hardly. But do you doubt the credibility of that school? of course not.

 

Some people are just not cut out to be traders. and if you offer unrealistic refunds, you will be out of business and will not be able to help anyone.

 

Just my two cents...

 

...good trades,

Sam

 

Sam

 

I was wondering when I might see this kind of response....(an adult response). There is no additional comment about the substance...you have nailed it

 

Adults will get it, and those with less "adult" emotional status will find that your comment evokes what psychologists call "infantile rage"....meaning that they are pissed off that the world won't just give them what they want......

 

by the way, I imagine you will hear about it...and so will I for that matter, just for posting this....lol

 

Best of luck to you in your trading

Share this post


Link to post
Share on other sites
If I were going to sell a trading system, or have someone pay me for a trading course, I would make them a guarantee. I would guarantee that they will make money in simulated trading within a certain time period, or I will give them 110% of their money back. That is the way I would do business. And I wouldn't charge them much up front. If I could teach someone to make money trading, then they would have plenty of money to pay me later. If I can't teach someone to make money trading, then I shouldn't be getting anything.

 

You could certainly guarantee that you won't LOSE any money trading Sim, haha. Regardless I think trading teaches some of the most valuable lessons and gives us more insight about ourselves than we realize.

Share this post


Link to post
Share on other sites
You could certainly guarantee that you won't LOSE any money trading Sim, haha. Regardless I think trading teaches some of the most valuable lessons and gives us more insight about ourselves than we realize.

 

I have heard that said a lot and have thought about it. Quite frankly, I haven't learned a thing about myself that I already didn't know. Maybe I did something wrong. I do not know. But, I am curious to know what you learned about yourself that you didn't know beforehand.

 

MM

Share this post


Link to post
Share on other sites

The topic is interesting because there are extreme conflicts. Why would anyone with an excellent system want to sell it? That doesn't make any sense to me. It brings up issues having to do with the intentions of the person selling the system, indicators, services, subscription, etc. One motivation a successful trader might have to make information available to others, would be a way to boost their ego. But there may be a certain degree of goodwill also. And I have read posts from people who stated that they had been helped in the past, and wanted to "give something back" to the trading community. So what motivates someone to put together a blog, subscription, indicators, or a system, could be a mix of motives and intentions. Effort needs to be exerted, and some wisdom employed, in order to determine what a person's intentions are.

 

One point that I am trying to make, is that for me personally, I want to have good intentions and a high standard of behavior. On the surface, having a 110% money back guarantee seems naive, and doomed to failure. And obviously, under most situations, a 110% money back guarantee would be foolish to offer. But consider if the sale were combined with a method of trying to filter out people who were not good candidates, plus a mentoring system, that might be a basic foundation for a way to increase the odds of success.

 

I don't have any plans to sell a trading system or trading indicators. What I'm saying is, that IF I were going to do that, then I would want to do business at a very high moral and ethical standard. That's the way I want to live me life, and that's the type of person I want to be.

Share this post


Link to post
Share on other sites
The topic is interesting because there are extreme conflicts. Why would anyone with an excellent system want to sell it? That doesn't make any sense to me. It brings up issues having to do with the intentions of the person selling the system, indicators, services, subscription, etc. One motivation a successful trader might have to make information available to others, would be a way to boost their ego. But there may be a certain degree of goodwill also. And I have read posts from people who stated that they had been helped in the past, and wanted to "give something back" to the trading community. So what motivates someone to put together a blog, subscription, indicators, or a system, could be a mix of motives and intentions. Effort needs to be exerted, and some wisdom employed, in order to determine what a person's intentions are.

 

One point that I am trying to make, is that for me personally, I want to have good intentions and a high standard of behavior. On the surface, having a 110% money back guarantee seems naive, and doomed to failure. And obviously, under most situations, a 110% money back guarantee would be foolish to offer. But consider if the sale were combined with a method of trying to filter out people who were not good candidates, plus a mentoring system, that might be a basic foundation for a way to increase the odds of success.

 

I don't have any plans to sell a trading system or trading indicators. What I'm saying is, that IF I were going to do that, then I would want to do business at a very high moral and ethical standard. That's the way I want to live me life, and that's the type of person I want to be.

 

What is unethical or immoral about selling an indicator or a system? It would be unethical if you bought a system and you got a blank disk. It would be unethical if it failed to enter and exit properly. But the trader is the fool if he thinks he is going to turn the market into a personal ATM.

 

You get what you pay for. If you were expecting magic, then what you paid is probably not that much to learn that there is no such thing as magic.

 

MM

Share this post


Link to post
Share on other sites

MightyMouse-

 

I suppose because I am younger the insights that I've gathered over my 5 years as a student of the markets has been more direct. I've developed a lot more patience over the years, something I never had before. I've taken the traders mindset and transferred it to different disciplines such as relationships, business deals, and even bike racing. I guess the biggest thing I've got out of trading is a completely fresh mindset on how to live my life. The old cliche of not working for money, but having it work for you and building passive income streams totally transformed my life, but again, I was young when I started trading, in my teens, so a lot of it is probably just part of growing up.

Share this post


Link to post
Share on other sites
What is unethical or immoral about selling an indicator or a system? It would be unethical if you bought a system and you got a blank disk. It would be unethical if it failed to enter and exit properly. But the trader is the fool if he thinks he is going to turn the market into a personal ATM.

 

You get what you pay for. If you were expecting magic, then what you paid is probably not that much to learn that there is no such thing as magic.

 

MM

 

Agree with MM on this. Without cost, there is no perceived value.

Share this post


Link to post
Share on other sites

ditto mysticFx and MM.

if you gave it away for free, people will still want to change it, ignore it, not believe it.

Charge....and people give it value. (religion comes to mind here :) for that added bit of controversy)

 

I have seen many systems that claim to be great and charge for that, when they are not much better than a simple system you could apply with most retail platforms.....

the market will pay what it can, and then after that the rest is marketing - marketing - marketing.

Share this post


Link to post
Share on other sites
MightyMouse-

 

I suppose because I am younger the insights that I've gathered over my 5 years as a student of the markets has been more direct. I've developed a lot more patience over the years, something I never had before. I've taken the traders mindset and transferred it to different disciplines such as relationships, business deals, and even bike racing. I guess the biggest thing I've got out of trading is a completely fresh mindset on how to live my life. The old cliche of not working for money, but having it work for you and building passive income streams totally transformed my life, but again, I was young when I started trading, in my teens, so a lot of it is probably just part of growing up.

 

Yeah a lot of things may have coincided at the same time as trading that I attribute to other events.and not necessarily to trading.I don't race bikes but i can see how that too might have provided some lessons on its own. Marriage and children are another big chapter.

 

MM

Share this post


Link to post
Share on other sites
ditto mysticFx and MM.

if you gave it away for free, people will still want to change it, ignore it, not believe it.

Charge....and people give it value. (religion comes to mind here :) for that added bit of controversy)

 

I have seen many systems that claim to be great and charge for that, when they are not much better than a simple system you could apply with most retail platforms.....

the market will pay what it can, and then after that the rest is marketing - marketing - marketing.

 

I am a discretionary trader, but I can see how i would benefit from coding what I do to free up some time or get me into trades that set up in the overnight.

 

I have not looked at any systems other than a quick glance as I delete them from my junk folder, but I think a trader could benefit from systems if he used them properly.

 

I have basically 2 "systems". 1 for trading a range and the other for trading a move or a trend. Breakouts I consider to be either trend continuation or trend reversal. But, I pretty much do the same thing each time in each system. The trick is knowing whether we are trending or ranging. I do not know if I would trust a system to tell me if a market is ranging or trending.

 

So, the systems that are one size fits all are probably a waste of time. A trend trading system will probably end up costing you money if you try to use it in a ranging market and a range trading system would end up costing you money in a trending market.

 

But I do not see how a trend trading system would be a bad thing if you actually used it to trade a trend. My way of trading a trend and someone else's way of trading a trend are probably not that much different in the long run. and ditto for range trading.

Share this post


Link to post
Share on other sites
What is unethical or immoral about selling an indicator or a system? It would be unethical if you bought a system and you got a blank disk. It would be unethical if it failed to enter and exit properly.

 

Buying or selling and indicator or a system is neutral. It's not ethical or unethical. A common mistake that people make is to automatically assign black/white - right/wrong - good/evil to something, when in reality it's just neutral until intentions and desires affect the balance of give and take.

 

I'm not trying to imply that the act of selling a system or indicator, in and of itself, is automatically ethical or unethical.

Share this post


Link to post
Share on other sites
Without cost, there is no perceived value.

 

Now we are getting into the realm of how a product should be priced, marketing, value and consumer perceptions.

 

Personally, I now tend to buy mid-range priced, high volume products. That comes from experiences of buying high priced products, thinking that I was getting something superior, and having reliability issues with the product. Some performance products will have better performance, but break down more often.

 

I still need to fight the urge to buy something because it is priced higher. I tend to automatically assign a higher value to a higher price. I don't know what percentage of the population does that, but it is a real phenomena.

 

If a money back guarantee was going to be offered by the seller of a system or indicator, the cost would need to factor in how many returns would be generated. Many people buy junk, and then they never return it when it breaks. Some businesses probably know this, and sell junk, knowing that many people will never ask for their money back.

 

Then there are situations where the consumer is promised some compensation, and it never gets delivered. If the product cost $15 dollars, and it would take 40 hours trying to get your money back, most people just "write-off" the $15 as a loss. If they could make $2,000 in 40 hours of work, but they are only going to get $15 dollars back for 40 hours of work, then they won't bother trying to get their money back.

 

So, a seller of an indicator could price their product very cheaply, then make it almost impossible to get your money back.

Share this post


Link to post
Share on other sites
Buying or selling and indicator or a system is neutral. It's not ethical or unethical. A common mistake that people make is to automatically assign black/white - right/wrong - good/evil to something, when in reality it's just neutral until intentions and desires affect the balance of give and take.

 

I'm not trying to imply that the act of selling a system or indicator, in and of itself, is automatically ethical or unethical.

 

Well, If I sell you an indicator and I tell you that it can help you make money and you fail to make money with it, then is that my fault and am I unethical for telling you that it can help you make money?

 

If you purchase a Porsche because you thought it would help you get women and you fail to increase your consumption of women, is that the car's fault?

 

You do not have to answer these. The point is that the trader at some point has to take responsibility for whether he makes money or not.

 

MM

Share this post


Link to post
Share on other sites
But the trader is the fool if he thinks he is going to turn the market into a personal ATM.

 

Hopefully scientist will find the "fool" gene and foolishness can be breed out of human beings. :rofl: Until that happens, the inferior humans with the predominant fool gene, will need to learn from pain and hardship.

Share this post


Link to post
Share on other sites
The point is that the trader at some point has to take responsibility for whether he makes money or not.

 

MM

 

Good point. For the seller of the trading indicator to be completely transparent and honest, they would need make it very clear to the buyer what the dangers are. So there are two separate issues. The reliability of the system or indicator, and the reliability of the user of the system or indicator.

Share this post


Link to post
Share on other sites

humans are naturally poor at valuing things and measuring and assessing financial risk.

There are many experiments that show we act differently - and often irrationally with small changes in values. So yes....marketing and assigning the right value or incentive to manipulate peoples responses is key in how to charge.

When it comes to value, I will happily pay $1000 for something I will use, but figure $10 is a waste of money for something I dont use.

Plus there is the often underestimated value of time and wasted time

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • Forex trading is the best way to make some good money online, but you need to have proper skills to achieve success and for that you should practice trading with small capitals.
    • Forex Trading is the best way to make some good money online, but it could only work if you have the proper experience and skills, and knowledge which requires to achieve success in their trades.
    • MASTER TRADER JOE ROSS PASSES ON Dear Traders, We are sad to inform you of the passing of Master Trader Joe Ross on the morning of Tuesday, September 7, 2021 at the age of 87. He went peacefully doing what he loved, by taking care of Loretta, his wife of 62 years of marriage and teaching his students from every continent how to trade. Joe has always been a free spirit and loved the trading world being his own boss. He quickly learned that teaching others was his true passion. The joy of educating those about a system in which he had true confidence and to see others come into their own. That was his greatest pleasure. He was proud to be a devoted Christian and combined spirituality with trading. Our condolences to our traders and students for the loss of a mentor and close friend, some would even go as far as saying a “father-figure” and he wore that title proudly. Master Trader Joe Ross’ passing came upon us unexpectedly and suddenly. Again, we would like to send our condolences to those who lost a mentor and a friend. Joe, you will forever be in our hearts. Who is Joe Ross? Joe Ross is the creator of the Ross hook™, and has set new standards for low-risk trading with his concepts of “The Law of Charts™” and the “Traders Trick Entry™.” Joe was a private trader and investor for much of his life, but a serious health situation in the late 80’s caused him to shift his focus, and that is when he decided to share his knowledge. After his recovery, he founded Trading Educators in 1988, to teach aspiring traders how to make profits using his trading approach. Joe Ross has written twelve major books and countless articles and essays about trading. All his books have become classics, and have been translated into many different languages. His students from around the world number in the thousands. His file of letters containing thanks and appreciation from students on every continent is huge: As one student, a successful trader, wrote: “Your mastery of teaching is even greater than my mastery of trading.” Joe Ross holds a Bachelor of Science degree in Business Administration from the University of California at Los Angeles. He did his Masters work in Computer Sciences at the George Washington University extension in Norfolk, Virginia. He is listed in “Who’s Who in America.” After 5 decades of trading and investing, Joe Ross still tutors, teaches, writes, and trades regularly. Joe is an active and integral part of Trading Educators. He is the founder and contributor of the company’s newsletter Chart Scan™. “Master Traders Joe Ross was one of the most eclectic traders in the world. And he remains one of the few best mentors I have, alongside, Dr. Van. K. Tharp (may he live long), and one or two others. His teachings and insights into the markets have contributed to making me who I am today. He also talks about the spiritual side of trading, concluding that trading is no sin.” – Azeez M. “The trading world has lost a unique and passionate trader. He explained to me that his material will never go out of date, only the technology. Recently, we updated several of his hardback books into eBooks and he was right. From making trades over the phone to the “pit” then to opening an online account, my how things have changed. But he is correct about his methods, they will continue to apply to the markets regardless of how technolgy advances.” – Martha Ross-Edmunds (Joe’s daughter) Joe Ross’ Trading Philosophy: “Teach our students the truth in trading — teach them how to trade,” and “Give them a way to earn while they learn — realizing that it takes time to develop a successful trader.”   IN MEMORIAM: Joe Ross (RIP)   Source: https://learn2.trade   
    • BITCOIN PRICE ANALYSIS: LONG-TERM HOLDERS REMAIN UNSHAKEN BY PRICE ACTIONBITCOIN PRICE ANALYSIS: LONG-TERM HOLDERS REMAIN UNSHAKEN BY PRICE ACTION Azeez Mustapha 14 October 2021 | Updated: 14 October 2021 New reports from Glassnode show that despite the recent price surge in Bitcoin (BTC), long-term holders have shown no intention to liquidate and realize profits yet. The blockchain analytics provider also revealed that the percentage of BTC supply held for at least three months reached 85%, a new all-time high. Citing data from Glassnode, famous Chinese crypto analyst Colin Wu illustrated the recent behavior of Bitcoin holders and their attitude towards the benchmark cryptocurrency. The analyst detailed that the percentage of long-term holders that have not moved their coins in over ten years stands at 12.3%. These tokens are deemed dormant for this reason. The analyst further noted that the percentage of long-term holders that have not transferred their coins between two to three years and three to five years stands at 10% and 12.26%, respectively. Finally, the highest percentage of long-term holders were those who have refused to move their coins between the last six months to twelve months, standing at 19.5%. That said, 85.14% of BTCs have not exchanged hands for at least three months, a new record high. In July, Bitcoin struggled to keep its head above the $30,000 mark. Today, it has almost doubled this number, but investors remain steadfast in holding their coins. Key Bitcoin Levels to Watch — October 14 As predicted in our previous analysis, BTC witnessed a sharp correction to the $55,000 – $54,000 pivot axis from the $57,500 level over the last 48 hours. This correction found immediate support from the $54,000 level, which triggered a rebound to a new five-month high at $58,500 earlier today. BTCUSD – 4-Hour Chart While the price currently rests around $57,500, we expect a bull run to the $59,000 resistance over the coming hours and days. Meanwhile, our resistance levels are at $58,000, $59,000, and $60,000, and our key support levels are at $56,700, $56,000, and $55,000. Total Market Capitalization: $2.40 trillion Bitcoin Market Capitalization: $1.07 trillion Bitcoin Dominance: 44.9% Market Rank: #1 Source: https://learn2.trade 
    • Date : 15th October 2021. Market Update – October 15 – Stronger equities dampened the safe-havens! Q3 earnings season has gotten off to a strong start, with big banks largely shooting the lights out on revenues and earnings. Incoming data was constructive as well, with jobless claims coming in at pandemic lows, while the rate of PPI growth slowed. All 11 S&P sectors are higher. Bulls are in control, both in the bond market and on Wall Street. – Overlooked the hawkish Fed implications from the record strength in PPI and the lowest claims readings since before the pandemic. Yields declined and Treasuries are in the green on short covering and dip buying, recovering from the recent aggressive selloff. US Treasury yield has lifted 1.8 bp to 1.53%. China: will loosen restrictions on home loans and boost lending & bank added enough medium term funds to keep liquidity in the system steady. Equities up. JPN225 managed a 1.6% gain and US futures are also higher, led by a 0.4% rise in the USA100. Oil lifted above $81.99. – Prices quickly backed up after a larger than expected stock build in the US. Improved market sentiment, which has lifted global stocks, commodity prices and bond yields, is also weighing on the safe-haven Dollar. FX markets – USD dropped, Yen declined. EURUSD retests 1.1600 mark, Cable at 1.3689, USDJPY touched 114.16. European Open – The December 10-year Bund future is slightly higher, US Treasury futures slightly in the red, as stock futures move higher in both Europe and North America after a good session for equities across Asia overnight. Market sentiment improved and GER30 and UK100 futures are currently up 0.4% and 0.3% respectively, while a 0.4% rise in the USA100 is leading US futures. EGB yields had dropped back markedly yesterday, but in the UK money markets are still bracing for an earlier than expected lift off on rates, which ironically is actually helping long rates to come down. Today – Today’s data calendar is unlikely to change the overall picture, with only eurozone trade data for August and some final HICP readings on the agenda. Biggest FX Mover @ (06:30 GMT) NZDJPY (+0.60%) Breached 80.55. Up for 7 days in a row. Currently faster MAs keep pointing up, MACD signal line is at 0 & histogram trending higher. RSI at 82 & Stochastic at 94 but both sloping down, all indicating further upwards move in the medium term but possible pullback in the short term. H1 ATR 0.123, Daily ATR 0.810. Always trade with strict risk management. Your capital is the single most important aspect of your trading business. Please note that times displayed based on local time zone and are from time of writing this report. Click HERE to access the full HotForex Economic calendar. Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE! Click HERE to READ more Market news. Andria Pichidi Market Analyst HotForex Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.