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Great Article
Posted on 05/09/2007 08:11:05 | Link | Post Comment
If you are struggling with your trading you should read the article in the latest free Currency Trader mag about the Big Boys. They don't seem to be doing so well either it seems. It's called:
Why currency traders should be humbler
Here's a quote:
How do they get away with it?
It is somewhat amusing that in a world filled with self-styled investing mavens no one has executed a late-night infomercial extolling the virtues of opening a currency CTA. What an oversight: Any business capable of charging fees for delivering sub-Treasury bill performance for more than two decades and still maintain customer loyalty and acquire new investors has a terrific business model.
What I found interesting was that he states these investing big-dogs have four ways of trading currencies that they have been using since the 1980's which are:
1) To follow the trend using a simple moving average cross over.
2) Carry trades.
3) Value forecasting when interest rates change.
4) Doing straddles based on volatility.
Hell I feel better already!
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