FCA Financial Ombudsman Manzoor to Serve 2nd Term
Great Britain’s FCA (Financial Conduct Authority) has reappointed Baroness Zahida Manzoor to lead the Financial Ombudsman Service (FOS) as its Chair for a second term, which will run until August 2025. According to the statement published by the FCA on Monday, the reappointment was made by the UK’s regulator Board, followed by the approval of […]
Forexlive Americas FX news wrap: The major indices post the 2nd consecutive positive week
The ghost of 2022 is behind us in the stock market as the major indices closed higher for the 2nd consecutive week to start the new year. The gains have been led by the Nasdaq which rose by an oversized 4.82% this week (largest 1 week gain since November 7 week), after rising by near […]
Casa Stock Skyrockets By 80% After Multi-Year Deal With US Telecoms Mammoth • 2nd Skies Trading
American telecom mammoth Verizon recently became the third-highest shareholder of a budding 5G-infrastructure-building company. This has led to an increase in interest in the shares of the budding company, reflected by an 80% rise in share price. Source: Z z What Happened? The shares of Casa Systems, Inc. (Nasdaq: CASA) soared by 80% when it […]
Can A 15% Soaring Break Ubisoft Stock’s Downfall? • 2nd Skies Trading
A strong bullish engulfing timeframe appeared on the UBI stock chart on the daily timeframe. This rise translated to a 15% rise in price from an opening price of €34. Source: Error 420 This rise resulted from rumors of a takeover by buyout funds. While no official statement has been released, that didn’t stop the […]
Can This Mammoth Gaming Stock Overcome Its Blizzard And Win Again? • 2nd Skies Trading
Activision Blizzard has been in the news for positive and negative reasons recently. On the negative side, the company has been dragged into lawsuits for discrimination and harassment. On the positive side, news has came out about Microsoft’s interest in acquiring Activision Blizzard, and Warren Buffet’s Berkshire Hathaway increased its stake in the company to […]
Is Option Writing Profitable? • 2nd Skies Trading
One of the most important questions option traders want to know – is writing options profitable as a trading strategy? The answer is yes, writing options can be a profitable trading strategy, but it depends upon how you structure the trades. If you write an option without structuring it properly, then you’ll reduce the chances […]
How Do Traders Make Money? • 2nd Skies Trading
There are a multitude of markets, strategies, and styles for how traders make money. As a whole, traders make money by speculating on the rise and fall of the prices of financial instruments. The various markets traders often speculate on are stocks, options, forex, crypto, commodities, fixed income, and other derivatives. Traders place buying and […]
How to Trade Profitably in a Bear Market • 2nd Skies Trading
2022 is starting off as one of the worst years in the history for the S&P 500. It’s down over -18.25% and the peak to trough YTD is -20.75% as of this writing (3rd week in May). Of the first 95 trading days for the year, 2022 is coming in the 2nd worst at -17.7%. […]
Are Options Safer Than Stocks? • 2nd Skies Trading
For stock traders that are new to options, one of the most common questions I get is: “Are options safer than trading stocks?” It’s important to note both stock trading and option trading have risks, and while many the risks in trading both of them are the same, some of the risks differ substantially. In […]
Why Do You Need $25,000 To Day Trade? • 2nd Skies Trading
The stock market is a heavily regulated space, and this is understandable. It is a high-risk market where traders could watch all their money burn down to the last dollar. And one of the most common requirements for trading the stock market as a day trader is the $25,000 rule. You need a minimum of […]