Show Buttons
Share On Facebook
Share On Twitter
Share On Google Plus
Share On Linkdin
Share On Pinterest
Share On Reddit
Share On Stumbleupon
Hide Buttons

Category Archives: Market Talk

How The Scottish Referendum Will Affect The Pound.

What is the Scottish referendum, and how is it affecting the pound?

Unless you have been living on another planet for the last few weeks, you will no doubt be aware of the fact that on the 18th September the people of Scotland will vote on whether Scotland should be an independent country or not.

scottish independenceA poll released last weekend saw the majority of voters voting for independence, which caused uncertainty in the pound, and saw a huge gap on Cable at the open on Sunday night.

Cable continued to sell off on Monday, but recovered for the rest of the week as various polls saw a change in sentiment giving the no vote the lead.

Cable is very close to closing the Sunday night gap now, but with more news flow leading up to the vote, we will be in for a pretty volatile week for the pound. So keep your stops tight if you are trading cable this week, and prepare to be in for a bumpy ride.

So what does independence mean for the people of Scotland? If you have ever watched the film Braveheart with Mel Gibson (which is a really great film) you will be aware of how passionate some Scottish people are about independence, and many wars have been fought between England and Scotland over it. So its pretty ironic when so many people have fought and died, that it now comes down to a simple vote, to decide the future of bonny Scotland.

Who is the man behind the campaign?

Alex Salmond is on the verge of doing what William Wallace failed to do, and give some Scottish people what they have waited for, for over 300 years, but can the man sometimes mistaken for a fish, really pull off the biggest victory in the history of Scotland. Some say he can, i say he cant.

I personally think that when push comes to shove the vote will be no, as i believe the people of Scotland however patriotic, have too much to lose by becoming an independent country, and they know that deep down in their brave hearts.

alex salmond the man behind the fishAlex Salmond is one tough cookie, and he has battled his way over many years to get to this point, and he has to be commended for that. But the day of judgement is nigh for Alex, and his political career is on the line on Thursday in this make or break vote.

Will he get the vote he so desperately needs, or will it be another Neil Kinnock moment, when victory was snatched away from the Welshman at the final hurdle, and handed to John Major, crushing Neil Kinnock’s dreams of becoming prime minister.

I feel that Alex will suffer the same fate on Thursday, and his dreams of becoming leader of an independent Scotland, and getting is hands on our oil will be left in tatters, as the people of Scotland will vote with their heads and not their hearts, and vote no to independence, and Scotland will stay a part of Great Britain, even if it is not so great anymore.

But staying part of Britain will surely be a better option than risking financial ruin, as British businesses have vowed take all their money and jobs out of Scotland, which will leave Scotland as the poor man of Europe. So a no vote has to be the only option in my opinion.

We can expect more volatility on the pound this week leading up to vote. A yes vote would see a huge sell off in Cable because of the uncertainty, and a no vote would see a large move up. I personally will be looking to add long positions on any major weakness in the pound, as i believe the vote will be no, and a stronger pound will be the result of that vote.

I would like to wish Alex and the people of Scotland good luck on Thursday, and i hope that whatever the outcome of the vote, it will be the right decision for the future of Scotland.

Only one spot left for an April start.

Forex trainingIf you are considering my Forex training and mentoring program, and want to start in April, please note that i only have one spot left, and when that is sold i will not be taking on any new students until the end of June or early July.

So if you are ready to start in April start please contact me asap to book your place.

April Starts Dates. 2 Places Now Available

robI have 2 spots available for start dates in April. So please contact me asap if you wish to book yourself a place.

I have not updated the blog for a while as i have been too busy with my trading room and teaching, and the last thing i want to do at the weekend is to start writing blog posts to be honest. 🙂

I am going to make an effort to try and update the blog at least once a week, as i know i have a few people that follow me, so id like to try and give you something to read.

The markets were a bit tricky after Christmas, and pips were harder to come by. If you were in the markets you probably lost a small fortune, as it was very hard to make money by following the traditional trading rules that most traders are trading by. I did OK as i don’t trade that way, but it has still been a struggle. But thankfully we are now back to some form of normality, so the pips are a lot easier to make.

I have had some nice trades in the last few weeks. Yesterday was a great day. I shorted Yen pairs and made a killing. I took over 200 pips yesterday from GJ AJ and EJ.

I set myself a target of 100 pips per week every week, so i made 2 weeks money yesterday in a few hours which was nice. 🙂

The students that i took on in January are getting up to speed now. So they should be fully conversant with my methods in a few weeks time, and i will be ready to start new students.

I am starting a new guy this Monday, so i only have 2 spots available for April starts. After that we will be looking at July before i can start any new students. So if you want to come on board please be quick.

That’s all for now. If you are trading keep your stops tight, and let your profits run. Have a great day. 🙂

January Start Dates Are Now Sold.

robThanks to my recent new recruits, all available places for January starts are now sold, and i now again have a waiting list. If you wish to take advantage of my Forex training and mentoring course, you can reserve a place on the list with a £500 deposit.

The waiting list is on a first come first served basis, and as soon as a student has completed their training, the student at the top of the waiting list will be next in line.

Realistically you are probably looking at March/April before a place will be available, but that could change as people are added to the list. So if you are serious about learning how to make money from Forex trading, please contact me asap and reserve your place.

Have a great trading day. 🙂