Before we delve into the topic, let’s immediately debunk a common myth that has taken root in many people’s heads. It must be said that the popularization of this myth is facilitated by all sorts of schemers, would-be managers, “traders” who promise people tens of percent in annual returns, and sellers of algorithmic robots who calculate profitability not in years, but in months and even weeks. So, a financial advisor cannot outperform the market—no more than you can yourself. If you happen to find a manager or a fund that genuinely gives you some alpha and does so consistently year after year, just consider yourself very lucky. Now I’m not talking about everyday luck, but about the fact that you must understand: profitability above the market is most often explained by luck, and not by the skill of the manager. Yes, their advice or market perspective may be correct for several years in a row. And if you had deposited a large sum of money based on this advice, then that manager or advisor would become your hero. But don’t be deluded. submitted by /u/FXgram_ [link] [comments]
Month: July 2024
Coffee surges +5% to highest value since 2022
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POWELL is in his usual style. Were you expecting something new?
INFLATION HAS EASED `NOTABLY’ BUT REMAINS ABOVE 2% GOAL MORE GOOD DATA’ WOULD BOOST CONFIDENCE ON INFLATION EASING TOO SOON, TOO MUCH COULD HARM INFLATION PROGRESS EASING TOO LITTLE, LATE COULD UNDULY WEAKEN ECONOMY https://i.redd.it/u4z0nqfp2ibd1.gif submitted by /u/XGramatik [link] [comments]
BP shares lose -4% following the company’s announcement
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Drawdown will be over soon
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Japan 225 goes up +2% to reach another record high.
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With the S&P 500 posting its 35th record close in 2024, is there enough fuel left to continue the bullish run?
S&P 500 CLOSES 0.1% HIGHER, NASDAQ 100 UP 0.2% submitted by /u/XGramatik [link] [comments]
Shares of Paramount closed five percent lower after agreeing to merge with production company Skydance.
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It happened again: A BOEING 777-222 OPERATED BY UNITED WITH 249 PEOPLE ON BOARD HAS JUST LOST ITS WHEEL RIGHT AFTER TAKING OFF | $BA
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Ahead of Friday’s banks earnings, Michael Santoli takes a look at one name that is dominating the sector.
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What Do Successful People Do?
People who are written about in biographies share two things in common. First, they are obsessed. Arnold Schwarzenegger, Mahatma Gandhi, Richard Branson, Steve Jobs… They could behave like jerks and moral deviants. But I repeat – they were all obsessed. John Carmack was obsessed with graphics engines. The Wright brothers were obsessed with flying. Leonardo da Vinci was obsessed with the structure of things. That’s why they created, respectively, graphics engines, flying machines, and inventions. Yes, of course, they thought about what they were doing. I’m talking about meta-thinking. Carmack published his plans, the Wright brothers constantly published their thoughts on their experiments, and Leonardo is known for his incredible sketches. But they DIDN’T write books on how to publish plans, how to describe experiments, or what to sketch in a notebook. They did their damn work! And this is the second thing they all have in common. The same applies nowadays – anyone who aims to teach you investments should primarily be engaged in investing. Why do we need a Leonardo who teaches how to keep an invention diary? submitted by /u/FXgram_ [link] [comments]
Wheat falls -3.5%
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Super Micro Computer surges +6.3%
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Where is this world heading! – TSMC ADRS rise 4.8% in US, topping $1 trillion in market value
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Coming up this week: Earnings from JPMorgan Chase, PepsiCo, Citigroup, Delta Air Lines, and Wells Fargo will be released. CPI from China, Russia, Germany, the US, and France will be reported. UK and Japan industrial production figures will be revealed.
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CAC 40 futures fall 0.6% after elections in France
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Vive la France!🇫🇷
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BlackBull Markets: French election shock – What will FX markets say?
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Top 15 Blockchains by Total Transactions in Q2 2024. It’s amazing how quickly the TON network has overtaken most of its competitors.
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MrMBrown: Early FX pricing as the new trading week gets underway
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Exit polls in France
LE PEN’S GROUP SET FOR 110-158 SEATS IN FRENCH VOTE: ESTIMATES LEFT ALLIANCE SET FOR 170-215 SEATS IN FRENCH VOTE: ESTIMATES MACRON’S GROUP SET FOR 150-182 SEATS IN FRENCH VOTE: ESTIMATES submitted by /u/XGramatik [link] [comments]
Are you knowledgeable about trading? Find the correct answer to the question 👇
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WSJ: Crushing debts await the winners of elections in England and France
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Why is a bull market coming soon?
The average total amount of funds for the 10 largest USDT transactions withdrawn from exchanges has been showing a noticeable trend since 2023. After the spring surge ($800 thousand) and June surge ($450 thousand), there has been a series of outflows down to around ($100 thousand), which indicates a decrease in the pressure of large-scale sales on the exchange. In other words, investors are now more inclined to hold on to their assets rather than withdraw them from the market. In addition to the adoption of BTC ETFs, we are also expecting ETH ETFs and SOL ETFs. To this can be added more large investments in the cryptocurrency industry + a decline in sales. So, I want to ask you a question. How do you plan to make money in the market that will soon start growing? https://preview.redd.it/q81zb4fop2bd1.png?width=1246&format=png&auto=webp&s=1a8f97b9ef7ffa48cf279123d42bd9179412a688 submitted by /u/dll_crypto [link] [comments]
Pepperstone: The week ahead for financial markets
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One hell of a day, huh
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Wake me up when the market gets better
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Record closes today for names like $GOOG, $META, $AMZN, $MSFT, $ORCL and $AAPL. Michael Santoli takes a closer look at what factors could be driving the Nasdaq’s impressive gains.
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How is your crypto portfolio doing? Or have you been shorting?
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Most Talkable Assets Of The Week
🚀 TSLA – The Tesla bulls ride again 📈 S&P 500 closes > 5,500 for the first time ever. Nasdaq 100 closes > 20,000 for the first time ever. Still stocks are not starting to look overvalued. 📉 COIN, MSTR, HOOD – Cryptocurrency-related stocks are dropping as Bitcoin’s price continues to fall 🗡XAUUSD (GOLD), XAGUSD (SILVER), XPDUSD (PALLADIUM) – Metals are increasingly seen by investors as a reliable hedge Quote of the week: ‘Because by the time you read about it in The Wall Street Journal, it’s already too late.’ – movie ‘The Wolf of Wall Street’ Is there anything missing? Anyway, have a great weekend everybody. submitted by /u/FXgram_ [link] [comments]