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Acx Articles

 

Displaying Results for Acx

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I have personal trading mentors who have been in the business for twenty-five, thirty years; the number one reason why I believe it takes people sometimes years and years and years to learn a skill like trading is because number one; they don’t have a coach or mentor. That is the reason why I insisted on being able to have one on one contact with every one of my members. You need to have a mentor. You need to have a coach.

I love this stuff. This is something once I showed it to the propriety traders in the last trading room I was in, they couldn’t believe it. In fact, one of them couldn’t believe it so much he refused to trade it because he thought he was seeing things.

What this is going to do for me is let me know where some of the major areas, the big money, have come into the market. Now how can I tell this? You can tell it very easily because that is where you see these patterns that I am talking about in the course. In fact, you can see here; what’s this? Well there is a pennant pattern. A pennant pattern is a consolidation pattern.

The objective is going to be introducing to you the whole idea of the planning process. You can get a review of this by going to the membership website and looking at the weekly wrap up. The weekly wrap up, I usually have some good intentions of trying to show you my twenty minute process without any commentary.

The reason why I start with the weekly chart is because this is where the really big opportunities are in the Forex market. I know that the course is on short term momentum day trading but the one thing that I learned over time, the number one mistake amongst day traders, even day traders with a lot of experience; they forget that the big money players in the market are looking at longer term charts.

The tool can be dangerous and deadly in the wrong or uneducated hands. Now we are dealing with finances here so it’s not going to directly kill you, inure or maim you. It can do serious financial damage if you’re not careful. When you are watching the videos, it is important that you understand what I am talking about. That is why I wanted to make sure that you would have this cutting edge learning technology so you can get that stuff.

How do we determine the value of a mining company? The first thing to keep in mind is that all production is prospective, although it comprises the company's primary source of value. In the case of Ascendant Copper (TSX:ACX), we have some near term revenue generating potential, and some longer-term prospects.

Long focused on copper in Ecuador, Ascendant Copper (TSX: ACX), announced on October 21 that it had signed a letter of intent to acquire all outstanding common shares in St. Genevieve Resources (CNQ: SGVL), another copper company with properties in Arizona.

The social responsibility and environmental impact of miners and mining are the populist themes of the day in Ecuador as the Correa administration and newly elected members of a National Constituent Assembly begin what is likely to be a long and drawn out effort to rewrite the country's constitution and mining legislation.

There's good news and bad news coming out of Ecuador for miners such as Ascendant Copper. The good news is that a government led by President Rafael Vicente Correa is about to take on a rewriting of the nation's constitution, as well as its mining laws and legislation, which may well pave the way for all parties to realize some benefit from the country's mineral resources. The bad news is that the process is likely to take some time.

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