• Contact
  • Privacy Policy
  • Advertise With Us
  • Login
  • Register
Your Trading Edge Magazine
Advertisement
  • Home
  • Feature
    • Market Commentary
    • Expert Advice
    • Columns
  • Trading
    • Shares and Trading
    • Technical Analysis
    • Trading Mindset
  • Crypto News
  • Finance
  • Subscribe
No Result
View All Result
  • Home
  • Feature
    • Market Commentary
    • Expert Advice
    • Columns
  • Trading
    • Shares and Trading
    • Technical Analysis
    • Trading Mindset
  • Crypto News
  • Finance
  • Subscribe
No Result
View All Result
Your Trading Edge Magazine
No Result
View All Result

Market Wrap: Why Are Australians Overwhelmed About Their Investing Endeavours?

June 20, 2017
in Expert Advice, Market Commentary, Most Popular
Reading Time: 2 mins read
A A
0
Market Wrap: Why Are Australians Overwhelmed About Their Investing Endeavours?
0
SHARES
7
VIEWS
ShareShareShareShareShare

Speaking with people every day, it seems that Australians are now more than ever in a state of overwhelm about where to go or what to do when it comes to generating wealth and retirement.

The common theme expressed is that while they know they must take control of their money, they feel at a loss as to exactly how to do this.

So while it is estimated that around 70 per cent of Australians are interested in learning more about investing, how many actually do something?

One person mentioned that his lack of action was due to being constantly confused by all of the information at his fingertips. He said, ‘it’s a bit like being a kid in a lolly shop, with so much information how are you supposed to make good decisions?’ And he’s right!

Every day we are bombarded with mountains of information from so-called ‘experts’ telling us about interest rates, the market, recessions, housing bubbles, the Aussie dollar and the list goes on. So how do you know what’s really important?

I’ve found that when an opinion comes out about the market or a stock being either bullish or bearish, my analysis often suggests the opposite!

Different opinions are of very little benefit if you don’t have the knowledge to understand what’s helpful and what’s not. So my advice is to select only one or two sources of quality information and follow it to confirm that its ‘on-the-money’.

Being constantly confused or trusting someone’s view can be very costly. Whereas, having the knowledge and understanding to look after your own money requires you to just follow a process, and it’s a lot simpler than trying to work out which opinion is right.

What do we expect in the market?

Following the public holiday on Monday, the market rallied on Tuesday by around 80 points or 1.5 per cent, before it continued up a further 1 per cent on Wednesday to 5864 points. While this was exciting, the market dropped back closer to 5800 points on Friday.   

The rise indicates that short sellers were closing positions while traders were rushing back into shares. To confirm the fall is over the market must break strongly above 5880 points.

Interestingly, Tuesday’s rise was enough to beat any prior one-day gain on the market since the Trump election rally in November 2016.

Dale Gillham Chief Analyst at Wealth Within

To Access More Market Commentary Subscribe To Your Trading Edge Magazine.

ShareTweetSendPinShare
Previous Post

Drop Fear From Your Trading System

Next Post

Trader’s Story- Meet Sharon Gleeson

Related Posts

Top Five Tech Billionaires Worth $567B, more than 80 Poorest Countries Combined
Feature

Top Five Tech Billionaires Worth $567B, more than 80 Poorest Countries Combined

June 29, 2021
23
Trillion Dollar Bitcoin Market-Cap is just the Beginning
Expert Advice

Trillion Dollar Bitcoin Market-Cap is just the Beginning

December 2, 2020
119
Federal Budget: What Every Trader  Needs To Know
Feature

Federal Budget: What Every Trader Needs To Know

October 22, 2020
30
The Collapse of the Australian Economy
Expert Advice

The Collapse of the Australian Economy

September 29, 2020
164
10 Productivity Tips For Traders And Investors During Lockdown
Blog

10 Productivity Tips For Traders And Investors During Lockdown

September 29, 2020
140
Next Post
Trader’s Story- Meet Sharon Gleeson

Trader's Story- Meet Sharon Gleeson

Please login to join discussion

Recommended

Tangerine Turns Toronto Raptors Bank Shots into Real Bank for Basketball Community Initiatives

Tangerine Turns Toronto Raptors Bank Shots into Real Bank for Basketball Community Initiatives

January 24, 2023
9
Solana (SOL) Price Prediction and Metacade (MCADE) Analysis – What Cryptos Will Explode in 2023?

Solana (SOL) Price Prediction and Metacade (MCADE) Analysis – What Cryptos Will Explode in 2023?

January 13, 2023
6
Why one green-focused investor has ‘no interest’ in buying Tesla stock

Why one green-focused investor has ‘no interest’ in buying Tesla stock

December 31, 2022
7
The 7 Best-Managed Companies – Global Trade Magazine

7 Benefits of Inclusion and Diversity Within Your Organization

January 23, 2023
4
A final dispatch from editor-in-chief Andy Serwer

A final dispatch from editor-in-chief Andy Serwer

December 31, 2022
11
Your Trading Edge Magazine

This is an online news portal that aims to share the latest news about trade, finance, crypto and much more. Feel free to get in touch with us!

What’s New Here!

  • FBI Announces Takedown of Hive Ransomware Network
  • NFT Collection Gangster All Star Evolution Price, Stats, and Revi…
  • Shopify Stock Is up Over 40% This Year. How Much Higher Can It Go?

Subscribe Now

Loading
  • Contact
  • Privacy Policy
  • Advertise With Us

© 2021 - ytemagazine.com - All rights reserved!

No Result
View All Result
  • Home
  • Feature
    • Market Commentary
    • Expert Advice
    • Columns
  • Trading
    • Shares and Trading
    • Technical Analysis
    • Trading Mindset
  • Crypto News
  • Finance
  • Subscribe

© 2021 - ytemagazine.com - All rights reserved!

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?