Stocks Down After Coup Attempt in Thailand

Stock prices dipped sharply after news of an attempted military coup in Thailand was reported.

Stocks, oil and US dollar currency are down, while bonds and gold are up.

From the AP news wire:

Traders watching Thailand closely are certain to remember how trouble in the kingdom has had worldwide implications in the past: The Asia currency crisis that erupted in 1997 began with the devaluation of the Thai baht, then snowballed into an international economic downturn. The baht fell sharply Tuesday.

Thailand Prime Minister Thaksin Shinawatra, who was in New York attending the United Nations General Assembly, faced calls to step down amid allegations of corruption and abuse of power.

The news hit the market on a day stocks had been drifting lower following a sharp drop in the pace of U.S. housing starts in August. Housing starts fell 6 percent, twice as fast as expected. New housing construction notched its fifth decline in six months, hitting its lowest point in more than three years.

(Reported from AP Business news wire)

This uncertainty with Thailand as well as the poor US economic indicators and data is hitting the stock markets hard. If these various issues remain uncertain, we will see shaky action in the markets with the possibility of a minor correction wiping out many summer gains. I would like to see the Thailand issue resolved swiftly and peacefully, which would bolster the Asian and US stock markets.

Here’s a look at the Nasdaq index right now:

Nasdaq 2006-09-19

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Trading Winner Store

I am happy to announce the opening of the Trading Winner Store. You can find books, computer upgrades, and more at the Trading Winner store.

The Featured Products page contains a list of great trading and investing books I recommend reading.

You can also find financial, business, and stock market related magazines I enjoy reading.

Check out the Trading Winner Store!

Trading Winner Mentioned in Financial Times (FT.com)

TradingWinner.com Mentioned in Financial Times (FT.com)

I was doing some research on Google and Yahoo and came across a Financial Times article NYSE gets French mentioning TradingWinner.com. I was pretty suprised and very happy to see Trading Winner and myself mentioned in a large, well respected financial publication – the Financial Times.

FT.com requires registration, but you can see a snippet of the article without having to register. Here’s what Financial Times had to say:

NYSE gets French

Published: June 5 2006 03:00 | Last updated: June 5 2006 03:00

Day traders gave the thumbs up to the deal struck by the New York Stock Exchange and Euronext to form the first transatlantic stock exchange. While questions remained over the role of rival Deutsche B^╘rse, the NYSE’s $10bn (£5.3bn) offer appeared to win the day. “NYSE Euronext would be trading across two conti-nents during 12 hours of trading. I think this would be fantastic. This would cause a lot more action in the markets with the potential for a lot of new traders and an inflow of capital. I’m waiting for 24-hour trading,” said a trader on www.tradingwinner.com.

Great publicity for TradingWinner.com and myself. I only wish they would have sent me an email letting me know I was being mentioned so I could have found out sooner!

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Book Giveaway: Winner of Trading In The Zone by Mark Douglas

A Winner’s Winner

I am pleased to announce the winner of this month’s TradingWinner.com Book Giveaway of the book: Trading In The Zone by Mark Douglas.

Winner: Dominic

Congratulations Dominic!

I urge you all to read Dominic’ inspiring (and winning!) comment.

Dominic’s Winning Comment

Ok I’m new to the whole trading world. Thats right I’m fresh off the boat. My goal is to be good enough to do this full time. I’m sick of people telling what I can and can’t do in life. My goal is to be a very traders so I can open doors in my quest to be a full time invest and self-made millionare or billionare. I understand that I will be a very hard road. But I don’t really care. I have lose alot in the last 7 months with girlfriend, so called friends and etc. At 27 years old(turning 28 in couple week) I have nothing to lose. I don’t care how hard the road will be. I want to be a very succesful daytrader and investor. I hope everyone apply for this book gets what day want out dreams and fullfill them. I’m not going to spend 2-10k on so call gurus in the industry just to lose my money in seconds.

So I would love to get your book so I can start my path to my greatness. For me this is the first step to where I want to go. I’m not going to put my life on hold for anyone anymore.

I wish you would make a DVD about you books os I can play it over and over again. Even if I don’t win the book I hope every here finds their inner greatness and fullfill their dreams.

If you didn’t win this time

I am going to give away a free trading or investing related book each month. This is my way of giving back to all the supports of TradingWinner.com and to the trading community. One of my goals with TradingWinner.com is to promote education, discussion, and financial intelligence. My book giveaway is one avenue I am using to say thanks.

So, if you didn’t win Trading In The Zone, you can comment on my next giveaway article and hopefully you’ll win the next round. Good luck!

For those who are wondering, the winner is randomly selected from everyone who commented on my book giveaway article: Book Giveaway: Trading In The Zone by Mark Douglas.

Book Giveaway: Trading In The Zone by Mark Douglas

Win A Free Trading Book!

I would like to give many thanks to all the regulars and visitors to TradingWinner.com. I was thinking about different ways I could give back to the trading community supporting Trading Winner, my sponsors, and myself. I not only wanted to give back to the community, but give something that has long term benefits. Books are the best gifts I could think of. As the title says, I am giving away one copy of Trading In The Zone by
Mark Douglas.

Trading In The Zone by Mark Douglas

I recently wrote a review of Trading In The Zone which gives a brief description of the book, my likes and dislikes, and my thoughts. Read my review: Book Review; Trading In The Zone by Mark Douglas.

Benefits of Trading & Investing Books

Why am I giving away books? In my opinion, books are one tool we can use to learn and educate ourselves.

One of my favorite quotes is this old Chinese Proverb:

"Give a man a fish and you feed him for a day. Teach a man to fish and you feed him for a lifetime." – Chinese Proverb (from quotationspage.com)

Rather than me, or anyone else, giving another person specific trading instructions – buy X now, sell Y now – what you can learn from a trading book and the benefits of the book not only last you a lifetime but can be extremely rewarding and profitable. The potential success you can achieve through reading books and increasing your knowledge is unlimited. Giving away a good trading book is my way of teaching someone how to fish and how to develop their investing skills to the fullest potential.

How To Win A Free Trading Book

Winning a free trading book is easy. Simply leave a comment on this article telling me why you need this book, or one thing you want to learn more about. A winner will be randomly chosen at the end of August. Be sure to use your real email address or else I have no way of contacting you. Your email address strictly confidential and never made public. I hope you win!

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