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2007-07-23 00:30:01 · 2 answers · asked by Anonymous in Business & Finance Investing

2 answers

if you hear from anyone who says they can answer this question, don't listen or else you are very naive.

2007-07-23 01:00:11 · answer #1 · answered by njyogibear 7 · 0 0

Hi mate,
I think the key answer is if people knew a market was going to boom, then everybody would be investing. I am a FOREX trader and determining the way different currency swings is similar into judging which index will move. As you probably know already everything in the stockmarket & most things associated with this are moved by demand. That is all you need to know. Although I have my ideas into which index will move, I recommend you watch the news (I would say Bloomberg and CNN give the best indications into moving markets) and make educated predictions from what they say. In my personal opinion I would say that at the moment the economy where I live is pretty stale (UK). Floods have been predicted to cause around £2billion worth of damage. I would watch it fall until it seems to level out and wait for the demand to gear the market up. When this happens buy until you reach a stable level. Placing a trailing stop will probably help you. Also basic predictions are useful, for example if you concentrate in thinking that holiday makers are goin to be boosting economies in countries like Spain etc. If you are looking for somethin more long term, I would say don't focus on index - be more specific. I would recommend using the Bloomberg/Reuters trading platforms - They are pricey but are quite accurate. Also make sure you choose the right broker.

2007-07-23 07:45:27 · answer #2 · answered by Minted 2 · 0 0

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