Quotes of the Day

USD/CAD has been one of my favorites because of its persistent long-term trend. The relationship between this currency pair and the price of oil is strong, as the Canadian dollar often gains ground as energy prices rise, and falls when energy prices weaken. Canada and Japan are at opposite ends of the spectrum regarding the production and consumption of oil, and this is reflected in the CAD/JPY exchange rate. [2007] - Ed Ponsi

Some expatriates fear Canada may change its tax laws, either closing or taxing nonresident investment accounts based in Canada. Such investors prefer keeping their assets offshore. Luxembourg, Singapore, and Hong Kong attract plenty of expatriate clients, based on their low‐cost tax structure. Foreign‐based brokerages tend to cost more than they do in Canada. But for some, it's a small price to pay for a sound night's sleep. Keep in mind, however, that Canadians residing in Europe won't be able to buy Canadian domiciled ETFs from a European-based brokerage. EU regulations, as of 2018, are blocking such purchases. That's why Canadians residing in Europe might consider using the firm, Interactive Brokers. [2018] - Andrew Hallam

Professionals tend to use 50-day and 200-day SMAs when they are analyzing or trading securities. Moving averages and their crosses are lagging indicators, they are more suited for trading longer-term. It is at the beginning of trend changes that corrections and price swings tend to be at their biggest, making the longer-term averages and crosses more analytic tools than trading tools for more experienced traders. [2010] - Jay Norris

Silver is far more volatile than gold. [2008] - Shayne McGuire

If the reason for entering the trade is no longer valid, then the trade itself is no longer valid. If the price is rushing headlong toward your support or resistance level, get out of the way. [2007] - Ed Ponsi