Continuing our series of recent posts on Gold and how to spread bet gold, we saw a new all time high intra-day yesterday at $1266.50 (August contract). However, the market was unable to hold on to those highs and sold off for the rest of the day, forming a bearish engulfing pattern. As the name suggests, this is a bearish pattern and a reversal signal. However, it may not yet be the end of the uptrend.
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Read More...Spread betting stocks and stock indexes.The stock markets continue to trade within the current lateral trading range. On the S&P 500 (September contract), which is the main stock index, the range is between 1034.80 and 1100. This range has held good for the last 14 sessions.
Read more on Stock Indexes Remain In Trading Range…
Read More...The question that users of financial spread betting are asking at the moment is where next for Gold?
Last week, August Gold managed a small gain for the week of 0.22% but there were signs that the market was getting tired and was possibly forming a lower high at the resistance area around $1220. As we had written in this week’s weekly update the long term trend remains up and will continue to be so as long as support around $1170 holds.
Read more on Financial Spread Betting | Where next for Gold?…
Read More...Here is the seventh and final part of our 7 part series titled "The 7 Deadly Financial Spread Betting Mistakes". Today we will discuss the seventh financial spread betting mistake that financial traders make:
Read more on 7 Deadly Financial Spread Betting Mistakes – Part 7…
Read More...Here is the fifth part of our 7 part series titled "The 7 Deadly Financial Spread Betting Mistakes". Today we will discuss the fifth of the 7 financial spread betting mistakes that financial traders make:
Read more on 7 Deadly Financial Spread Betting Mistakes – Part 5…
Read More...Here is the fourth part of our 7 part series titled "The 7 Deadly Financial Spread Betting Mistakes". Today we will discuss the fourth of the 7 financial spread betting mistakes that financial traders make:
Read more on 7 Deadly Financial Spread Betting Mistakes – Part 4…
Read More...Here is the third part of our 7 part series titled "The 7 Deadly Financial Spread Betting Mistakes". Today we will discuss the third of the 7 financial spread betting mistakes that financial traders make:
Read more on 7 Deadly Financial Spread Betting Mistakes – Part 3…
Read More...This week’s financial spread betting update is now available and can be read by clicking here.
In this week’s issue we look at how the major stock indexes shrugged off the Goldman Sachs news and went on to post new highs for the year again, showing that the sell off the previous week was indeed a knee jerk reaction to the news as we had written last week.
Read more on Financial Spread Betting Market Update…
Read More...This is the first part of a 7 part article I have written titled "The 7 Deadly Financial Spread Betting Mistakes". This 7 part series should be read in conjunction with my previously posted 7 Rules of Successful Financial Spread Betting
Read more on 7 Deadly Financial Spread Betting Mistakes – Part 1…
Read More...Phil Seaton’s 7 Rules of Successful Financial Spread Betting
Here is the 7th and final part of my 7 rules of successful financial spread betting
7. Never add to losing trades
Seldom in trading is a mistake so expensive and as commonly made as this one. In fact most traders think it's a good idea to add to a losing trade. Perish the thought. They think that if they take a second position they are averaging down their price. In rare cases this might actually work, but in most cases it will go against you and in fact creates a snowballing effect, whereas now instead of having a single small loss, you now have 2 losses.
Read more on Financial Spread Betting Rules – Never Add To Losing Trades…
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Phil Seaton’s Financial Spread Betting Systems
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