An interesting article about china showing signs of massively increasing their gold reserves. I’m taking this as another good sign for shorting the dollar soonish (long term perspective).
China’s fears that America’s $700 billion bailout plan may make the US budget deficit balloon to well over US$1 trillion this fiscal year.
The US government will fund the bailout [...]
Publishing my trading performance was a stupid decision, ever since I’ve gone backwards.
31 Oct, 2008
Posted by: Milton In: Misc
One of the books I’ve got on my recommended books page is the (mis)behaviour of markets, by Benoit Mandelbrot. I found this video on Trader Mike’s blog and thought it was very interesting, I prefer Mandelbrot to Taleb (a bit too much sensationalism for my liking).
In my day job I have a currency hedging requirement and I’ve been thinking about how best to resolve it.
I’m in Australia and need to provide a quote for a service in Australian dollars. A supplier of the service is located in the US and I pay them US dollars.
Doing the hedge is rather straight [...]
I’m a big fan of cartoons, cartoonists are great at saying a lot without using many words.
This one is by Michael Ramirez.
14 Oct, 2008
Posted by: Milton In: Misc
I came across rather funny microblog today called Sad Guys on Trading Floors. It’s pictures of traders with some excellent captions.
With so many bargain stocks around at the moment I’m thinking about buying some as an investment, my problem: finding a good Australian broker with low transaction costs.
I’ve had a look at the typical banks (Westpac, Commsec, Macquarie Bank and etrade though it’s not a bank) for buying shares, the impressions I got from looking [...]
If you feel at a loss for words to describe the now global financial cover, this spoof cover floating around the internet for September’s Economist says it all:
The Economist Sums Up Financial Crisis: “Oh Fuck!”
BARGAIN hunters in equities will have noticed an encouraging sign last week. On September 17th, the yield on British equities, as measured by the FTSE All-Share index, was higher than the yield on 10-year gilts (see chart). This last happened in March 2003, just at the start of a rally in the London market that [...]
I thought some of you might get a chuckle out of this cartoon
Forex Howto is a site that I setup some years ago, I neglected it for a couple of years and now it's back online.
It will have my progress as I explore the world of Forex trading and my experiences in trying to profit from it.
If you need to contact me, just leave a message on any of my posts and I'll be sure to read it.
About me: I'm a 31 year old aussie living in Sydney, Australia.
I work as a programmer and hope to someday use my programming skills and growing knowledge of FOREX to work fulltime, ideally in an automated trading setup.
A couple of pages which might be of interest to new traders: