Archive for the money Category
A few months ago we heard about the 32 year old rogue trader, Kweku Adoboli who lost over £1.4 billion of his employers money trading the markets. The trial has just recently got underway in the UK and more details of his finances have come into the public domain.
So, not only did he lose the vast amount of money trading the bank's money, he also lost a fair bit on his personal accounts, spreadbetting the markets. He had an account with the spreadbet broker Igindex and lost £123,000 wit
September 17, 2012
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The Euro forex pair looks like it's been downtrending for a while and the recent daily price action has printed two spinning top patterns. This shows some indecision in the markets and to me, looks like we may have reached a short term high before resuming a downward trajectory. In fact, todays price action was mainly south with a little pullback.
I've shorted this at 1.2370 with a stop above yesterdays high at 12460. Looking for a minimum of a 1:1 trade here.. let's see how we get on!
August 8, 2012
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It seems as though it's been a long time since I last trade and indeed it has... I've been extremely busy with moving homes and running various projects. The great thing about the markets is that they are not going anywhere... they are always here and I can always trade. However, a bit like exercise.. if you don't keep it up, you get unfit! However, if you have put in a lot of time into trading, the rot isn't so bad so you should be able to get back into it.
As an experiment, I'm rather int
July 31, 2012
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