Posts

Seven ways to invest in Gold and Silver

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In the previous post, I talked about why I invest in Gold and Silver. I explained that I mostly buy Silver coins, but there are many ways to invest in Gold, Silver and other precious metals such as Platinum and Palladium.
Here are seven ways to invest and trade in precious metals:
Own and store physical Gold and Silver coins or bars, aka bullion, yourselfRemote storageSpendable Gold and SilverGold and Silver ETFsGold and Silver mining ETFsGold and Silver FuturesGold and Silver CFDs Bullion Storing your coins and bars in your own vault is like owning your own private keys in Crypto terms. There are many similarities between owning your own Cryptos fully in your own wallet and holding Gold and Silver in your own vault.
Just the same, security is your own responsibility. In both cases, you are in full control of your money. You are not dependent on banks and other third parties. On the flip side, you are fully responsible yourself for keeping your money/assets save. So with Cryptos, you …

Why I buy Gold and Silver

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I own crypto currencies, because I have come to the conclusion that money as we know it today is no longer sustainable. I have come to this conclusion during the crisis of 2008. At that time I had the intuition / the gut feeling something was wrong not only with our financial system, but more specifically with our money. It took a few years of researching and investigating until I figured it out. The thing is, part of me did not want to believe it was true. And for a long time I did not act upon the intuition and knowledge I had. That changed last year when I decided to put my money where my mouth is and I started to accumulate crypto currencies. Cryptos align perfectly with my expertises: coding and trading. So I went for it... And with success.

Now I want to diversify my holdings more by adding Gold and Silver to it. I buy Gold and Silver as a hedge or insurance against the undwindled money printing of all of the governments / central banks of the world. Money, or actually, currenc…

Trading with Japanese Candlestick Charts

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Japanese candlestick charts are arguably the most commonly used charts. It has not always been that way. Candlestick charting techniques were only introduced to western traders in the late 70s by Steve Nison.

A bit of history of Candlestick Charting Candlestick charting was invented by a rice merchant named Munehisa Homma in Kyoto, Japan in the late 1700s. The merchant made a fortune trading rice and rice warehouse receipts, the first futures contract ever, using only historical daily price information that he visualized using what we now call Candlestick Charts. The Japanese Candlestick Charts have since than only been used used by Japanese traders until the American Steve Nison introduced the techniques to the West in the late 70s. He is still the Western authority on Candlestick Charting. You can find out more about him on www.candlecharts.com. I have one of his books:


Trading with Support and Resistance

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Support and resistance trading is one of the basic building blocks of trading. Not only is it a basic building block of my personal trading, but also of most trading done by professional traders. So even if your trading system does not incorporate support and resistance it is still good to understand it and take notice of the most important price levels. Just because many traders are watching these levels, price usually will react when it gets there. Support and resistance is all about "Bulls and Bears", aka "Buyers and Sellers" and how price itself effects their behaviors / decisions.

How I trade: trading concepts to profit from the markets

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By asking what people want to learn from me, it became clear to me that I should continue the getting started trading series by showing how I trade myself and how I produced the results I have so far. I am talking about trading here, not investing. Investing can take a completely different approach from trading, like buying stocks for their cash flow (from dividends and selling option premium for example) or real estate for the cash flow (from rent) instead of (only) for the capital gain of the asset. Trading is about buying low and selling high, but also about selling high and buying back lower. This is something I do actively. If you are more into investing, then stick around as well. Many of the trading principles that I will discuss also apply to investing. And nowadays to be a successful investor it helps to approach investing like a trader. I believe buy and hold is a dead strategy. Trading the way I do is at the other end of the spectrum, but it will help you as an investor to…

Find trading ideas and educate yourself

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This is article six of the getting started trading series. I have hopefully introduced you enough in the subject of trading and investing, that you can start to make some choices on how you would like to go about trading based upon what fits you, your personality and lifestyle. I could jump in right now and start explaining how I trade, but instead I will first give you some pointers ad to where I got my trading ideas and how I educate my self. I hope it will inspire you to find your own way and hopefully my future articles / lessons will help you educate yourself and give you plenty of ideas.

Tools of the trade

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In this article I will tell you about the possible tools you have at your disposal for trading. Whether you are building a fence, or building a trading strategy, you need tools to get the work done. In the previous articles we already looked at the question of why, how, what and where to trade. Now it is time to get some tools and setup an infrastructure for trading. We basically need three types of tools.