Teaching

There are times when the market seems to lose its voice. It doesn't send out powerful signals, it doesn't show sudden surges, it neither scares nor excites. It simply... stays there. Frozen in a few dozen points, unable to decide whether to go one way or the other. From the outside, it seems like a calm, almost reassuring period. But those familiar with the markets know that this tranquility is only apparent. In fact, precisely when the market moves little, the most delicate

For many novice investors, the feeling of "having made a good investment" arises the moment they choose a name: a "global" ETF, an automatic PAC, a barrier certificate, a "prudent" bond fund. It's an understandable psychological mechanism: faced with the complexity of markets, the brain looks for shortcuts and relies on the instrument's label. The problem is that the name says almost nothing about what you're actually buying, and especially what will happen . What determines

Volatility is constantly discussed, but almost always imprecisely. It's often treated as a single concept, when in reality there are many different volatilities , each with a distinct operational meaning. Understanding them isn't a theoretical exercise: it's what separates "reactive" trading from informed risk management . Over time, markets have shown one constant: returns are difficult to predict, but volatility is persistent . It's no coincidence that after calm periods

They often move together, but with completely different intensity. Gold and silver are the two precious metals par excellence, yet behind...