Einstein said "Compounding is the 8th wonder of the world. He who understands it, earns it .... he who doesn't .... pays it". If you have been in trouble with a credit card then you would know what I mean. Investors, like Warren Buffet, and lesser-known, but hugely wealthy traders, like John W. Henry, have all learned to make compounding work for them with jaw-dropping results.
What if you could become part of a community where this buzz for success was consistently, ringing through your ears and mind in every situation of doubt. I have almost 100% certainty that with every day that passes you will become one step closer to reaching whatever it is that is driving you to become not just great but outstanding.
Five years on from the Great Financial Crisis and whilst it might feel like little's changed for us as individuals, different nations and their central banks are engaged in heated currency wars. In a race for exports and to inflate away huge debts it often looks like a game to print as fast as you can.
The most common question I get asked in my position as a currency strategist is; "why is the euro so strong?" Normally there are some rather more colourful turns of phrase included within that question, mainly as a result of the person losing money by betting against the single currency; a common occurrence in recent months.
It is the emotions of millions, possibly billions, of traders that move the market but the market has absolutely no sympathy for those that trade based on emotions. With the right education, adopting a ruthless Smart Money, emotion-free, attachment-free approach is the easiest way to extract consistent profits from all the markets.
In recent months, there has been a series of strikes in mining operations across the country that has dragged down the country's output massively. Industrial production fell by a whopping 7% in Q1 of this year and the on-going dispute between the unions and multinational mining operations over pay looks to drag on in perpetuity.
I was delighted to read last week's news that from 2016, Winston Churchill will be the new face of the fiver (five pound note, about $7.50, if you're reading this in the US). Now, my reaction isn't surprising, given that I wrote a book about Sir Winston. But it goes far beyond my appreciation for the man who led Britain through her darkest hour and into her finest.
Yesterday a man decided that the pound's value against the euro and the dollar was 'just about right'. As a result, the pound stopped weakening against the euro and the dollar, as it has been doing so for several months. I was disappointed. I get paid in euros so I benefit from the pound being weak.