THE NEW YEAR 2013
The year 2012 has passed us by and whether you are ready or not, here comes year 2013. Although this would be the first day for 2013, most economy event have been constantly evolve. If you read the market and economy outlook for 2013, most likely you will find that it is going to be a prosper year of sustainable growth and healthy demand throughout the year. 2013 seems to be the year of "hope" rather than "fear" itself. Hope will generate optimism and when the market is optimist, it will continue to go up until fear step in and took over entirely. But bear in mind that no one can accurately predicted a crisis, what most of those so called popular analyst who claimed that they manage to predicted it usually "predicted" it after the crisis has happen. No one knows how bad it could get until the market has dropped to a certain level that can be justify as a crisis. It is the trader job to re-act when there is a trade set up appear, follow the plan and that's about it, leave opinion to those who "analyse" the market but never re-act to it. At the end of the day, ask yourself this, market has moved about 5%, are you part of it ?
Malaysia Economy Outlook 2013
There are numerous report that I have stumble upon and most of the research verdict are pointing that Malaysia is likely enjoying sustainable growth mainly due to domestic consumption and external demand. I know that most of you folks out there will think that steady economy growth will lead to continues upside in stock index in the long run, right ? Well, that is not necessary true. Remember what did the popular analyst said before the sub prime crisis that begun in U.S and then swiftly spread its financial plague to entire world ? They were also tendered an optimistic research in the beginning of the year, well before the crisis happened. And when most of the stock index and commodity prices approaching all time high, the analyst constantly double down the Long call in the market as if there was no downside at that point of time. When the sub prime mortgage crisis start to crumble in the financial system, panic and overwhelming fear took over, forcing most of the financial market to tumble. Fortunately, at the verge of collapse, U.S federal government steps in and revive America's top company that should not go bankrupt for any reason. Of course, until the has settled, none was right about the exact time of the crisis and the degree of the damage it has done to the financial system. The next question for this week would be, what would happen to U.S stock index if there was no deal or agreement at the end of financial budget or would that be a fiscal cliff.
Bottom line, trading futures is staying for the long run as your contract would expires in month or a few months, news is created for those who have deep pockets with their opinion on. Getting right is not a factor to be successful in trading futures, bad trades, unfavorable movement, cutting losses are like "breath" in trading, everyone has to take it.
Take good care, stay healthy and happy new year 2013.
Disclaimer: Information and opinions contained in this report are for educational purposes only. While the information contained herein was obtained from sources believed to be reliable, author does not guarantee its accuracy or completeness.
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