Cash ISA’s allow you to save a capped amount of money tax-free, which is understandably a desirable method of saving.  Currently, if you’re aged in between 16-50 you are allowed to save up to £3,600 annually tax-free in a cash ISA account.  When you hit 50 this allowance will increase to £5,100 per annum.  However, as of April 2010, everyone will be allowed to save up to £5100 per year.

There is a wide-spread confusion about how much you have to deposit into your cash ISA.  Many companies allow you to deposit as little as £1, and you can deposit as much or as little, as frequently as you like.  Other companies however, will ask you to deposit a certain amount.  Remember, you are only allowed to deposit £3,600 tax-free throughout the year.

People often wonder about withdrawing the funds in their cash ISA account.  There should be an option to open an easy-access cash ISA account, where you can withdraw your money whenever you please.  However, by withdrawing before the end of the tax year you may be losing some of the tax-free privileges.  Moneysupermarket says, ‘you will lose the tax-free status on anything you withdraw, so it is worth keeping your money invested in ISAs for as long as possible and use any other savings first.’  This will ensure that your interest rate is more likely to stay the same, as you can be penalised in this area if withdraw money from your account.

To get the best cash ISA accounts with the best interest rates, you should shop around before you commit to a savings account.  Compare cash ISAs with an online comparison tool, like Moneysupermarket, so you get a better understanding of the ISA’s market before you open an account.

This article is a guest post by Moneysupermarket.

Do you know what is the performance of 2009 stock markets so far? At Which point do you think the markets will close on 31 Dec 2009?

2009 Stock Market Performance

I have tabulated some of the 2009 stock market data for your reference and review. I am sure you have known we have rebounded from the 2009 low with an impressive figure. You can easily see from the table below that all the major markets have recovered 50% – 90% of the lost ground. This is an impressive figure definitely.

If you look at the last quarter of 2009, US markets performed pretty well as well by gaining about 4% – 6%. Now, the question is : We are left with 8 trading day, do you think we can sustain this gain so far?

If you ask me, I think we will close the year pretty much at the same level we are seeing now.

2008 was definitely a bad year for the fund manager. Therefore, the fund market definitely would like to report a good performance in 2009 as their bonuses are usually tied to the fund performance. It is definitely in their biggest interest to hold the index and performance as high as possible and to pocket their performance bonuses (Some people call this Index Dressing).

2009 Key Stock Markets Performance

What Happened in Jan 2010?

Now, after reporting a good year and after the fund manager cash out their bonuses, what can happen in Jan 2010?

I have no idea now. But I think 2010 will not be a sustainable bull year definitely. We could possibly see a big downward movement due to the following reasons:

1. Firstly, it is still a big uncertainty that the world economy is totally back on growing track.
2. Secondly, the US is still facing lots of fundamental issues like high unemployment or a possible inflation hike.
3. Third, it is a year that US might start to raise its interest rate again.
4. Forth, the Dubai crisis is not totally resolved yet.
5. Europe might be hit by the Dubai crisis.
6. Japan deflation pressure.
7. How governments pull out from their aid.

Anyway, 2009 is a cheering year for traders and investors. 2010 is likely to be another round of roller coaster ride again!

DISCLAIMER: This information is used for learning purposes only. It does not constitute an offer or solicitation to buy or sell. You should do your own analysis on top of my postings.

This announcement paths the great way for the USD to start rising. I am indeed seeing USD is rising against Euro, GBP, CHF and JPY.

Took Short Position on EURUSD

While I was looking at the chart of EURUSD, I saw that EUR seemed to have hit a top. There was a long dark candle going downward and I started to see the EMA lines started to point lower.

I jumped in to take on a short position on EURUSD last week at 1.4758 when I saw EURUSD broke the 50d EMA support. The down trend indeed came true and I took the first profit at 1.4684 which is near the 100d EMA support.

Next, I started seeing the EURUSD broke the 100d EMA support again 2 days ago, I jumped in again with a short position and I just took my profit at 1.4345 few minutes ago while EURUSD traded near 200d EMA support.

My Positions on EURUSD

413 PIPS Profit

I managed to realized a profit of total 413 pips on EURUSD by observing failure of EMA supports on EURUSD chart.

Some of you might think it is no big deal, some of you might think it is pretty good result. Well, I am happy about it myself and it meant a lots to me to boost up my confidence in using technical analysis to spot money making opportunity.

News Are Always Too Late

I observed Yahoo Finance page everyday. I saw 2 news saying that Dollar Rises and Dollar Hits 3 months Euro High.

Now, I started wondering, there are so many people relying on the Yahoo Finance news portal to obtain new information in order to help them making a trading or investing decision. However, this news seem to come a bit too late.  When it started appearing on the top stories, the dollar has already risen and the opportunity would have gone.

It will be risky to overly rely on news to trade or invest and it always comes too late.

News Are Always Late

Arm Yourself With Technical Charts

I am sure you would believe with me that news is too late. If you rely on news to trade.

Therefore, I usually observe the chart pattern and trend to help me structure my trading or investing decision. You might want to start now as I have a seen a great potential as I managed to realize 413 PIPS in less than 10 days. I am sure you can do that too.

Start learning now and we can all learning together.

P/S: If you are thinking where to get a Forex charting software, you can download it here for FREE.  I am using the platform on FastTrader too, it is easy to use and you can activate a dummy trial account with virtual money to start learning.

We can all learning together using the same platform.

DISCLAIMER: This information is used for learning purposes only. It does not constitute an offer or solicitation to buy or sell. You should do your own analysis on top of my postings.

Is it Coincidence that Nikkei UP while JPY Falls?

What a coincidence that I observed the USD is climbing UP too against JPY and it is crossing up the 200 period moving average in the hourly chart. Which means, there is a chance that JPY is possibility to be weaken in the coming weeks. Weaker JPY is definitely better for Japan economy as Japan relies on the expert business to US.

So, I believe that there is NO coincidence that Nikkei UP while JPY Falls… There are some smart investor always rely on this kind of negative correlation to trade in the stock market to your favour.

Many of us do not usually trade index future too, it is time you can start looking Nikkei ETF for a good buy signal now.

Trade with care!

USD-JPY is Climbing UP

DISCLAIMER: This information is used for learning purposes only. It does not constitute an offer or solicitation to buy or sell. You should do your own analysis on top of my postings.

T. Harv Eker "SpeedWealth" FREE Book

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I believe there is no coincidence that you have come to this website. You might be searching for some great learning to build your wealth. The vision of this blog is to be the best place to learn about investing and growing money. Therefore, I like to share and recommend Harv to all of you.

T. Harv Eker

Learn from T. Harv Eker

Harv authored a bestselling book, Secrets of the Millionaire Mind. His book compares the thought-process behind both the rich and poor, and examines our true potential for creating wealth. He has been interviewed many times and one of his favourite quote is “Give me 5 minutes and I can predict your financial future for the rest of your life”. He will share with you how he can do that in the book and also at the seminar.

I have read through it many times and it provided a great practical insights on what you need to do in order to be successful, financially and spiritually.

You can buy or purchase this book from Amazon.

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Warren Buffett

Warren Buffett is the legendary investor that everyone of us knows. Here is one of the video that Warren Buffett appeared live on CNBC and was interview by Becky Quick on Wednesday, June 24, 2009.

Let’s take it as a chance to learn from this legendary investor.

Listen to Warren Buffett Interview

Europe is also falling today and US future looks to open lower too after the thankgiving.

Dubai Debt Seems to Get Worse

This is definitely an important week to watch out as it might be a possible event to trigger another round of global stock market meltdown. Plus, I have just seen another news on CNBC that official said “Dubai World Debt Gets No State Guarantee“… This is definitely another bad news to shaken the investor’s confidence.

Anyway, just remember to watch out more news this week. Here’s an video that I found on CNBC which I found interesting for you to understand more about the situation in Dubai.

DISCLAIMER: This information is used for learning purposes only. It does not constitute an offer or solicitation to buy or sell. You should do your own analysis on top of my postings.

Let’s take a look at the Hong Kong Hang Seng using Technical Analysis now!

Hong Kong Hang Seng Broke Supports

If you look at the chart of the Hang Seng now, you can see that the gap down formed last Friday has become an immediate resistance now at approximately 22,110 level.  You can also see that Hang Seng has broken down the upward channel and also it broke the 20d and 50d EMA support.

Hang Seng is now supported at the 100d EMA and also supported at the previous low of 21,130 level, which was last Friday close.

All indicators are showing some downward pressure that Hang Seng is experience now.

Price Movement in Coming Week is Critical

If you ask about the overall market, I would say that the bullish market is still intact as Hang Seng is still trading above the 200d MA. However, it is important to monitor the price movement in the coming week.

If Hang Seng is not able to break above the gap resistance, there is a likelihood to form a head and shoulder pattern, which can signal possible reversal. The support of 21,130 is also critical because the market can form a lower low if this support does not hold, which again may signal possible begining of a down trend.

So, remember to monitor closely in the coming week usnig technical analysis to be an informed trader in the market, then, you won’t be caught with surprise.

Happy Trading!!!

Hong Kong Hang Seng Black Friday Fall

DISCLAIMER: This information is used for learning purposes only. It does not constitute an offer or solicitation to buy or sell. You should do your own analysis on top of my postings.