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The 12 Most Important Things Everyone Should Know About Money

From businessinsider.com

1. Don't get a salary. A salary will never make you money. 2. Don't invest any of your money. Investing is for wealth preservation, not wealth creation, so first you have to make wealth 3. Come up with ten ideas a day. This doesn't seem like "personal finance" but it is. 4. Don't try to save money by not buying expensive coffee or taking subways instead of cabs. That's a myth. The best way to save money is to make more. 5. Learn how to copywrite. 6. Come up with ten ide…
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VictoriaVika avatar

I love first phrase!

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Stix 2 Sep.

Brilliant article, Neu_spir8 ! I agree with the entire content. Thank you so much ! :) :)

Shalomavahatikvah avatar

I will always make a plan, I don't need a cubicle:)

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Why Japan's economy is stuck in 'no man's land'

From cnbc.com

As poor economic data rattles faith in Abenomics following the April consumption tax hike, one analyst told CNBC that uncertainty over the outlook for Japan's economy will linger for some time. "With the consumption tax, we're not done with this… as the government is poised to take it from 8 to 10 percent next October," Paul Sheard, chief global economist at Standard & Poor's Ratings Services told CNBC Asia's "Squawk Box." "So if they go ahead with that we're still going to be - f…
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VictoriaVika avatar

Best of luck :)

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Stix 2 Sep.

Best wishes for the month, Neu_spir8 ! :)

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58 Cognitive Biases That Screw Up Everything We Do

From businessinsider.com

We like to think we're rational human beings. In fact, we are prone to hundreds of proven biases that cause us to think and act irrationally, and even thinking we're rational despite evidence of irrationality in others is known as blind spot bias. The study of how often human beings do irrational things was enough for psychologists Daniel Kahneman to win the Nobel Prize in Economics, and it opened the rapidly expanding field of behavioral economics. Similar insights are…
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3 Trading Tips for RSI

From dailyfx.com

RSI (Relative Strength Index) is counted among trading’s most popular indicators. This is for good reason, because as a member of the oscillator family, RSI can help us determine the trend, time entries, and more. Today to help become better acquainted with the indicator, we will review three uncommon tips for trading with RSI. Let’s get started! Think Beyond the Crossovers When traders first learn about RSI and other oscillators, they tend to gravitate to overbought and overso…
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Neu_spir8 28 Aug.

I use 40 and 60

VictoriaVika avatar

Great job.

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GBP$

Good morning to all,
The Weekly chart shows last Week close was below Andrew's pitchfork lower band which suggest to go lower to the 61.8% retracement level, if current candle can close above lower band then the bull trend will continue next Week but i doubt it because the RSI is below 50 thus, a close below lower band is expected this Week.
The Daily chart shows that the pair has found a Support near Andrew's pitchfork lower band to prepare for a pullback to at least the 61.8% level or the Andr…
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Neu_spir8 28 Aug.

4H candle just close above R so i closed the trade.

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Finance is a Strange Industry

From fool.com

Finance is a strange industry. There's nothing else like it. I can't think of another industry in which there is so much ignorance around costs. Nearly all financial fees are deducted from assets automatically, rather than clients receiving and paying an invoice. This makes them out of sight, out of mind. Ask someone how much their cell phone bill is, or how much a gallon of gas costs, and they can tell you down to the penny. But ask them how much they pay in advisory fees, and th…
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British competition watchdog probes foreign exchange market

From reuters.com

The UK Competition and Markets Authority (CMA) has become the latest regulator to investigate the global foreign exchange market following allegations of rigging, the Wall Street Journal reported on Tuesday, citing two people familiar with the matter. The antitrust watchdog recently shared information relating to its investigation with Britain's Financial Conduct Authority (FCA), which is at the forefront of probes into the global currency market, the Journal reported, citing s…
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India Hedge Funds Are Worlds Best Performer on Modi

From bloomberg.com

Hedge funds investing in India have become the world’s best performers this year on expectations that Prime Minister Narendra Modi will revive Asia’s third-largest economy. The funds investing in the South Asian nation have returned 26 percent this year through July, according to Eurekahedge Pte. That compares with an average 3.5 percent gain for those investing in Asia, 1.9 percent for Greater China, 1.2 percent for Japan, 3.8 percent for North America and 1.1 percent for Eu…
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Good and Bad Inequality

From project-syndicate.org


Rising income and wealth inequality in many countries around the world has been a long-term trend for three decades or more. But the attention devoted to it has increased substantially since the 2008 financial crisis: With slow growth, rising inequality bites harder. The “old” theory about inequality was that redistribution via the tax system weakened incentives and undermined economic growth. But the relationship between inequality and growth is far more complex and…
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How Volatility Affects Forex Traders in Today's Market

From forexcrunch.com

For those of us trading forex expert advisors or trend following strategies, we may have gotten significantly less trades or signals from our systems. Or we may find that strategies which worked well previously are under-performing, or under-trading. What could be the reason? Lowest volatility in 10 years Currency volatility continues to hover at levels not seen in over 10 years, falling to its lowest level in more than 10-years in the second quarter. This can be attributed…
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Stix 26 Aug.

Funny, I was looking at GBP/NZD's volatility today. Overall, it looks like we are finding a base for major, major reversal. I base that on technicals but also some promise of improved economy. That would be the affect of the volatility that we are experiencing, in my inexperienced opinion. I will have a look at others. Thanks, Neu_spir8. :)

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