Do It, Invest - investing blog, investment tools, financial analysis, portfolio management. The money road.

Looking at the first volume of “Harmonic Trading” I already arrived at the conclusion that there was something special about it. Maybe the combination of technical analysis precise tools with some interesting applications of mass psychology to trading, maybe the quick and informal style of Scott Carney, who knows… Bottom line, I enjoyed the new twists on the old techniques of “wave trading” or pattern recognition on the tech analysis.

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I would like to think that by now I am an intermediate level MT4 user. And although I read 20+ books on technical analysis, I still feel like a child when I open the platform from my broker and I browse through the tons of indicators showed there.
Of course, we are all looking for the Holy Grail of the technical analsysis - that single one indicator which, used constantly, produces permanent profits. It doesn’t matter how big the profits are, if they are constant they will provide huge profits eventually through the magic power of compounding.

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A simple search on this title over any search engine will show you the true power of the concept – there are 118,000 results only on Google. I don’t know if this because of the “Dummies” franchise or because of the number of traders willing to learn the ropes of the field. Certainly there is an incredibly high demand for this title and the reasons are simple – the demand for online currency trading is surging.

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The recent news that Dubai suspended the repayment of its $59 billion debt sent shockwaves through the markets. Some shockwaves were expected, others came completely out of the blue.
In the first category there are the news of the spreads widening. In the second enter the appreciation of the yen, completely unexpected. Nobody was thinking that the panic will make the yen become what it was once – a safe haven for the investors. Yet, the yen continues to trade higher and higher.
The main resource of Dubai was the oil. And the government from Dubai has to repay somehow their debts. Even in the case of default, they must repay at least partially those bonds. It means that the Dubai sovereign funds and the Dubai asset owners must pump more oil to sell on the global market.

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The pound rose against the euro, dollar and yen after Nationwide Building Society said the average cost of a home jumped 0.9 percent from February to 150,946 pounds All 13 economists in a Bloomberg News survey predicted a decline.
“The pound is very sensitive to the fortunes of the domestic housing market,” said Neil Jones, working with Mizuho Corporate Bank Ltd. in London. “The pound is increasing on the back of this upside surprise in house prices.”

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The latest investing “trend” seems to be in automated forex robots. In other words, you buy a piece of software, put some money into your account and let the software do the trading for you. Is this for real?!

Doitinvest.com wished it was so. But as usually, nothing is what it seems. Let’s put it straight - if you, our investor and blog reader, would have such a tool (which is claimed to have generated up to 1 million dollars in one year), would you sell it?

I think not. First of all, you will have such an amount of money, that you wouldn’t care about selling anything ever (imagine - 100,000 grants per month). Secondly, these tools work against the mass trends, so if you have it it is in your interest NOT to reveal it, otherwise it might not work anymore. If 10,000 people do the same thing, forex trading will not generate any more speculations, but will be the overall trend and nobody would make any profits any more!

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