Tutorial
Learn more about the stock market

Learn more about the stock market
In volatile markets most investors ignore simple tools and strategies for staying focused.
Political Consequences
The financial collapse resulted in a political crisis as Yeltsin, with his domestic support evaporating, had to contend with an emboldened opposition in the parliament. A week later, on August 23, Yeltsin fired Kiriyenko and declared his intention of returning Chernomyrdin to office as the country slipped deeper into economic turmoil. Powerful business interests, [...]
The Effects
On August 17, 1998, Russia was forced by an escalating payments crisis to devalue the Ruble dramatically, declared its intention to restructure all official domestic currency debt obligations by the end of 1999 and imposed a 90 day moratorium on the repayment of private external debt, to aid its commercial banks suffering [...]
Dropping market might not necessarily be such a bad thing after all. Down markets - more often than not - can present perfect buying opportunities.
The Russian financial crisis (also called hit Russia in August 1998. It was exacerbated by the global recession of 1998, which started with the Asian financial crisis in July 1997.
The East Asian Financial Crisis was a period of financial crisis that gripped much of Asia beginning in the summer of (July) 1997 and raised fears of a worldwide economic meltdown. It is also commonly referred to as the East Asian currency crisis or locally as the IMF (International Monetary Fund) crisis.
We all make mistakes even if our name is Warren Buffett or George Soros. But when great investors such as Buffett and Soros make mistakes, the lessons for the rest of us are so much more interesting!
Especially when the stock markets have consolidated and broken down significantly, thousands of bargain hunters are on their way trying to find and buy dirt cheap stocks in the hope of cashing in large profits with these cheap trading stocks once the markets go up again!
And even beyond this scenario investors, a lot of times [...]
I’ve posted an article on OTC Stocks on this website already, so just to recap:
Over-The-Counter (OTC) trading is trading financial instruments such as stocks, bonds, commodities or derivatives directly between two parties. There are no stock exchanges like NYSE, NASDAQ, etc. involved. That’s why this kind of trading is called over-the-counter because that’s what [...]
Over-the-counter (OTC) trading is to trade financial instruments such as stocks, bonds, commodities or derivatives directly between two parties.
There are no stock exchanges like NYSE, NASDAQ, etc. involved. That’s why this kind of trading is called over-the-counter because that’s what basically happens. The phrase “over-the-counter” can be used to refer to stocks that trade via [...]