Archive for June 15th, 2011

The Rollercoaster of Emotions on the Forex markets today

The Rollercoaster of Emotions on the Forex markets today

For those who read yesterdays post where I had missed out on a nice 55 pip profit on the EURUSD as my system had not identified the exit went to hit the stop target which meant a 28 pip loss overall is rather annoying. This actually means that your account, if you take a nominal starting account of 100 for example, was 155 if I had closed when I thought I should have closed to 72 after the stop was hit. You can see that this means that in fact, I lost an overall of 55 + 28 = 83 pips which is a l

June 15, 2011 No Comments Full Story

Self Employed Trader who Exploited the Spreadbetting Firms

Self Employed Trader who Exploited the Spreadbetting Firms

I saw this in the papers today how a self employed trader named Barnett Michael Alexander was able to exploit a 'loophole' in the spreadbetting firm City Index making over £600k! However, his method was deemed illegal and he was fined £1 million by the FSA It's a really interesting read and there's a fascinating strategy that made him a lot of money which he says is still not closed. However, I wouldn't recommended doing it unless you want to be fined! http://www.telegraph.co.uk/fi

June 15, 2011 No Comments Full Story