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AUDUSD Trade

AUDUSD Trade

The AUDUSD forex pair looks like a good long entry. You can see a pullback from the highs and the daily chart shows that a double bottom has been formed just above 10400. I've gone long at the current price (marked E) and put a stop order at 10400 and a target 80 points higher. I'm looking at a 1:1 risk to reward on this trade with a maximum loss of 1% loss on my account if I lose. My trading these days has become rather boring... I set my trades and let them run to completion.. I know th

September 19, 2012 No Comments Full Story

Aspiring Traders – Chance to Win £100,000!

Aspiring Traders - Chance to Win £100,000!

I received an email earlier today from City Index to notify me of a competition which they are holding to learn to trade and earn a chance to win £100,000! It is an online training and trading thing where the most successful person they take on wins the cash! The other thing is that the competition will be filmed and broadcast online... looks like fun! However, it does require a committment of 6 weeks from October1st so if you're not up to anything.. you  may as well enter! The link to the

September 19, 2012 No Comments Full Story

UBS Trader Kweku Adoboli lost over £100k on Spreadbetting

UBS Trader Kweku Adoboli lost over £100k on Spreadbetting

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 No Comments Full Story

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