How do you learn a skill like trading and investing? Educating people about investing is important, and needs to be done properly to be effective. These things are critical in any education if you want to learn a skill and I’ve incorporated them all in my www.trading-champions.com
Discussions
Online technology means we should be able to interact with the mentor/teacher, such as me.
Look over the shoulder of your mentor like an intern/employee
Unlike a book, videos show you exactly step by step and that makes for great education. Education through videos is the best way.
Bite Size
Remember when the BBC used to do bite size revision on TV. The best skills training should be in little bite sizes. It makes it easier to comprehend.
Quizzes
It is vitally important to ensure you understand skills. To make sure that happens, the best way is through quizzes. Any skills training should have quizzes to test comprehension and recall.
Comfort of your own home
The best learning should come from being able to learn from home.
So there you are – the essence of quality education and training in investing and trading. Now let’s turn to the markets for those who are already trained up in the markets.
Just another week of ups and downs for the FTSE 100 over the past few days with the London index trading between its recent 7,000 highs and 6,950 points area. I have mentioned on my previous note to you that the FTSE looks directionless over the past couple of weeks and its outlook haven’t changed since.
However I am expecting volatility to increase this week and the upcoming economic reports pretty much guarantee a more active week. That’s not to mean that the FTSE will finally decide on a direction since we could be looking at another week of sideways trading between the 6,900 and 7,050 points but nevertheless we’ll have something new to talk about.
Regarding the tactics I am looking to employ, I will focus on the very short-term intra-day price action of the index and try to capture as many points as I can before the FTSE turns around again. This is due to the number of reports scheduled for release.
My primary scenario at least for the first couple of days of the week suggests shorting the FTSE if it breaks below Friday’s low around the 6,960 points. My first target would be last week’s lowest level at the 6,920 points so I need to be fast and decisive if I am to make any profit from such a small movement. Other than that if the FTSE fails to break lower than this level I will probably look for a reversal towards the 7,000 points once again.
But, like I said, if you really want to understand this and trade and invest like a professional, then try www.trading-champions.com .
Alpesh Patel
