There is a macro analysis tool every trader must learn to use.
The interesting thing is, that tool is easy to analyze and carries a lot of sensitive information about the health of the financial market.
Understanding the health of the market is beyond charts📊 .
I rarely share such information because people do not place premium on free things.
But I will share one of those tools with you and show you how to use it as well.
I don’t care how many things your candle says, you need macro to understand the market and to get the bigger picture.
You can easily trade for 2decades and not hear about these simple tool.
If I get 100 retweets I will drop the video and guide tomorrow morning.
Every #Naira or $Dollar Earned comes from someone who believes that the value you offered exceeded the 1 # or $ paid.
That's the power of value creation.
Value creation:
I have recently discovered that people complain a lot about why the rich give their counterparts more than using the same funds or cars to help us (the average man). However, life is logically about give and take.
An element of success:
Research shows that those whom are successful mostly goes opposite direction of the crowd. This means that they take decisions which others afraid to take.
True or False?
Academic Degree As an Obstacle:
Having a degree is a good milestone in Life which brings happiness and anti-intimidation. However, only this qualification might not be enough. Decision making is key. Having a degree will create opportunities for us if opened and prepared.
WORKERS DAY:
Happy International workers day to all ex-service men, current labourers and potential workers.
Have some rest utilizing a nice meal/chilled bear.
FUEL PRICE VOLATILITY
Both the US and Iran haven't been able to reach an agreement, hence the closure of "Straight of Hormuz" once again. This closure may continue having an effect on the world economy till there is a balance between the two involved nations.
OIL REVENUE
Closed of Straight of Hormuz leads to fuel price, generating more oil revenue. Higher oil revenue increase Government spending. Higher revenue leads to more government spending. The question is: Is Government spending on infrastructure?
STRAIGHT OF HORMUZ
It's a 55-kilometer narrows between Iran and Oman, separating the Persian Gulf from the Arabian Sea. The shutdown of this causes tanker traffic leading to crude oil surge in price as a result of reduction in supply.
PRICE CONTROL
Price control is simply Government imposed regulations to determine price price ceilings and price floor of goods and prices.
Price ceilings are the maximum prices of goods and services as floors refer to the lowest prices.