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Sam Bougheda

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Sam Bougheda last won the day on February 3

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  1. Hi Ali. It certainly looks that way. I would suggest keeping track of the SNB sight deposits each week. It normally suggests that the SNB may be intervening to lower the value of the swiss franc. In the last couple of weeks we have seen the sight deposits increase, which suggests that they are again looking to weaken the swiss franc against other currencies. The sight deposits dropped slightly after the US labelled them as currency manipulators. However, since then we have seen the currency strengthen further and it seems they SNB want to intervene again. So yes, it seems like they already are.
  2. Sam Bougheda

    Crypto

    Does anyone have any info on the best crypto brokers or exchanges? and If it is better to use a crypto exchange or a broker that allows you to trade crypto? thanks
  3. Just wanted to add to this. I believe that the pressure is starting to mount on the bank of Canada and that they may indicate a rate cut is looming at their next meeting. Could be time to start looking to short the CAD?
  4. Hi Mohammed. I hate to break it to you but 0. Many people seem to believe that they can get into trading and double and triple their account within a few months but this isn't the case. And even if you do somehow manage to do that, you can be sure you will blow it all soon enough. I would suggest you learn as much as possible first and use it to supplement your income. the majority of traders I know are not profitable for at least 3 years before they are able to profit consistently. Unfortunately with these so called 'trading gurus' out their now nowadays who themselves are not profitable, it has made people believe they can become rich immediately through trading. One thing I would ask you to do because I'm sure you won't believe a random stranger online, is to have a look at the worlds top hedge funds and see what their yearly returns are. These are run by some of the top traders in the world, so it should make you think why you think you can beat their returns so easily without having at least a few years in the industry.
  5. Hi Lawrence. I have to firstly admit that I am no Ripple or even crypto expert. However, many traders who I respect and follow have been talking about the coin for a while and are holding positions in it (or so they say). A lot of people seem to be expecting its rise, but as a contrarian that always makes me question the legitimacy of the moves (considering the majority of traders fail). However, the fundamentals do really look good, and I am tempted to invest myself. So while I can't give you a definite yes or no answer, I would say maybe invest a little!
  6. Hi Maria... Advantages if these are lower costs associated with them, and they are less liable to tax (in certain countries of course). Also if you have looked at the market recently you may have noticed that nothing seems to stop them from rising!!
  7. Hi Nigel. Now, I know I am extremely late in answering this, but it seems you were most definitely right at the time. At the time of you asking your question the price was at 8085 and by the 26th of June it had reached 13,928 so was definitely a good call. I hope you got in at the level you asked the question. I'm no crypto expert but to me it seems like cryptos work very well with technical analysis so your falling wedge call worked perfectly. If you have stuck with the technicals and crypto I would love to hear how you have got on, since I am looking into it further.
  8. I have seen people say that it was never really a safe haven and it was just used as a funding trade, and that when there was risk off we just saw money flow back into the JPY as a result of people unwinding their risk positions. However, I believe it is a simple case of the Japanese economy finally weighing on it's currency. They have had minus interest rates for I don't know how long, they have never met their inflation targets and they seem to have been constantly fighting a losing battle in terms of getting their economy going. And with their GDP data being a big miss and the risks of the coronavirus to their economy in play. I think this has resulted in people starting to see that it is no longer as safe as it used to be. If you are looking for a safe haven asset to buy into I would suggest gold or the dollar.
  9. Sam Bougheda

    S&P

    In my opinion it probably will. We have seen the stock market brush off so many different issues and with the fed providing extra liquidity to the market I can definitely see it reaching all time highs, again. I'm in fact starting to question what could provide it with a sustained pullback. They say what goes up must come down, but the market is trying its damn hardest to prove that theory wrong.
  10. I still think we are in the period where UK data only provides a short term affect in moving the currency. I still believe it is mainly down to what happens with and is happening with Brexit. However, that doesn't mean that positive or negative data will have no effect. And, as we have seen today, the pound has sold off against all other major currencies except for the JPY. But the data was positive, so while there was an initial spike in price, I believe the Brexit issues came back into play and we have seen a selloff since.
  11. The last time it touched this level was back in 2017 and it does seem a real possibility right now with the risks associated with the EU economy. I definitely think the price will continue to head lower. However, I am wary of predicting something that so many others seem to be predicting as it normally represents a turnaround. So while I think we will see a continued sell off, I would be wary of predicting a low of 1.05.
  12. I seem to mention this on most questions here but in my opinion it is always to do with market risks. risks have increased once more and this sees money flow into gold and other risk off assets. In terms of whether it will stay above the 1600 level I think we may see a pull back at some point below 1600 but this will for me only represent another buying opportunity.
  13. I believe so. There are a lot of market risks at the moment and with the par acting as a risk proxy I think this could be a good level to sell further. We have seen a lot of risk off movements this week and this should help a potential sell off. Even with the extremely bad GDP data out of Japan (which weirdly sees the JPY strengthen) we should still see JPY strength. If you also are able to put a volume profile on your chart you will see that there is quite a lot of volume just above the level we are at and so it seems to me that it is a key level to sell at.
  14. Sam Bougheda

    XRP

    This week we have already seen XRP shoot up and your right, there are a lot of people talking about it. I do think we could see a sustained rise in XRP, even after the pullback today. There is a lot of momentum in the coin and some positive fundamentals. I am no expert in crypto but from what I have seen and heard, I think XRP could be a good investment .
  15. I don't want to be attacked by all the crypto people here but in my humble opinion I don't think so. I believe it is too overvalued where it is currently at and that we could see it lower with other cryptos increasing in price. However, it has been acting as a risk off asset and so it may rise a bit with the current market risks. There is also talk that with an increase in dollar flows comes an increase in BTC price with there being more dollars available to buy into BTC. So that may have some affect. But, to answer your question, I don't think we will see it get to £20k again. Sorry!
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