Posts Tagged Spreadbetting
The below is the daily chart of the DOW and that it had made a double top formation a few days back. Following this, the market started going lower and yesterday I was looking for a break at the previous low as indicated. This happened and I had a short at 12460
The market fell and was looking to fall soon but after a major break, I was expected a retracement to happen far later than it did and I ended closing on the retracement for 40 points only for the market to fall further in the US
July 28, 2011
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As you know, Traders is one of my favourite online reads for the whole world of trading but The Exchange is a relatively new magazine which has surfaced which I really enjoy and is a serious contender to Traders.
I like it because it is more fresh, has loads of interviews and covers a whole raft of trading ideas from the traditional financial trading world to sports betting. Also, as it's a British publication the style of writing is a little more relaxed than Traders but heck, they are both
July 2, 2011
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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
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