The beginning of the month was quite eventful for the Turkish lira. However, this week it started to lose its volatility. What is happening?
Ingeborg Mootz: the story of one oldie-trader who managed to become a millionaire
The heroine of our story was born many years ago in a small town, Giessen, Germany. Most of her life she lived in penury. She suffered numerous deprivations as a child as she lived in a large family. Then she married to a very thrifty man with moderate means who strictly forbade her to work. Once she told him: “If you don’t allow me to go to work, I will start trading on the stock market”, but he remained unyielding deaf to her demands. Ingeborg was a woman with truly angelic patience; she couldn’t stand up to her husband and tolerated his thrifty and avaricious character till the very end of his life.
After the demise of her husband, Ingeborg found herself in a quite difficult financial situation with a beggarly, really tiny pension to live on. Fortunately for Ingeborg, her husband, while he was alive, purchased valuable papers from a German energy company VEBA. Without any hesitation, she decided to try out her luck at the stock market. And that was a truly fateful decision. Ingeborg found her vocation at the age of 83 – she became a very talented trader and investor.
The story of her financial success is impressive. This talented woman managed to increased her seed capital (that small sum of money she inherited from her husband) to at least two million euros without any financial education, knowledge about financial markets with a local newspaper in hand and unique intuition of long-sighted, real Frau. Ingeborg has become very known, many investors marvel at her skill to earn money without any gadgets, constant access to financial quotes and internet. But this story is not a fiction; it is real history of success of one very talented elderly woman who became reach trading on the stock market. Who knows, maybe you also have this unique talent you are unaware of. Try yourself.
The last "Pennant" pattern has been broken, so bulls found resistance at 1.2915. Nevertheless, the market is likely going to move on, so we should...
USD/CHF remains weak across the board and stays strong with a bearish consolidation below the 200 SMA at H1 chart…
There's no any reversal pattern so far, so the market is likely going to test the nearest resistance area in the short term...