While I was working three summers as an intern at a hedge fund in the IT department, I learned a lot about forex trading. My primary job was to monitor the network and make sure all systems were running smooth. While I was not involved in any operations on the trading floor, I did learn plenty during breaks with colleagues. The hedge fund was using quantitative strategies, which means plenty of computers and trading algorithms in order to trade the fast moving forex market. This increased my interest, coming from an IT background as a computer...
With time running out for the EU and the UK to reach a Brexit compromise, some try to create the illusion that a such a compromise is imminent. This is very inaccurate and misleading. While both sides are entangled in negotiations in order to resolve what currently appears to be the biggest problem, the Irish border, even a compromise is far off. While officials acknowledge that some progress has been made, they warn that obstacles remain before a compromise may be reached. Current negotiations to reach a compromise on what is called the...
The straightforward definition of swing trading for beginners is that users seek to capture gains by holding an instrument anywhere from overnight to several weeks. The objective is to capitalize on a greater price shift than is possible in an intraday time frame. But because you follow a larger price range and shift, you need calculated position sizing so you can decrease downside risk. To do this, individuals call on technical analysis to identify instruments with short-term price momentum. This means following the fundamentals and...
Welcome back to Part 2 of my Bitcoin - Forex Combo Strategy. Last week I showed you how I started 2018 with 2.5 Bitcoins and how I turned them into 11.5 Bitcoins in the first week of February. Now you may think that I did a lot of trading during that period, but I only executed two Bitcoin transactions and three forex trades to accomplish this. You can read all about it in “Bitcoin - Forex Combo Strategy Part 1”, where I walked everyone through the trades with screen shots and links to the original PaxForex trading recommendations which I...
Following yesterday’s Columbus Day holiday in the US, which saw US Treasury markets closed for trading, the trend is back on today. 10-Year yields are hovering near 7-year highs around the 3.25% mark. The yield moves opposite the price which means that US bonds are getting punished by traders. A few weeks ago, a growing number of analysts called for a sustained move in 10-Year Treasuries above 3.00% as the start-of-the-end for the global bull market in equities which was sponsored by global central banks through quantitative easing. As...
