Have you been following people involved in fx trading on twitter?Have
you noticed how many people are happy to tell you what happened? While
macroeconomic news and previous day post analysis can be useful, it
certainly doesn't help you make a trading decision based on current
charts. I have a little proposal to make.Instead of tweeting that
you've opened a long or short position provide some
Thursday, May 28, 2009
Twitter Forex Tweet Strategy
Labels: audjpy, opportunity, strategy, twitter, ufta
Forex Tips - Microtrading
The AUDJPY currency pair is currently trading around the 76.00
mark.Over the last twenty days, from May 7 through May 27, I've been
experimenting with a concept I've been calling microtrading.I don't
intend to close all of my positions at the moment, but if I did my
account NAV would increase by more than 10% over that period.While I
realize that active trading can return spectacular results
Labels: audjpy, carry, microtrading, oanda, strategy
Tuesday, May 19, 2009
Microtrading: Decent Returns?
I blogged about this idea not too long ago. The concept is to use very
small trades relative to your available margin and net asset value
(NAV). I'm doing this with the AUDJPY pair so that when I accumulate
positions I am earning a positive carry trade return.My trade size over
the last week has been such that the margin involved in each trade is
0.2% of my NAV. That's tiny. Twenty five
Labels: audjpy, microtrading, strategy, thoughts
Thursday, May 07, 2009
Theory: Trading With Little To No Margin
As I often do, especially when the markets are excruciatingly slow in
determining when to make the next significant move, I've been thinking
about Forex.Take a mental walk with me...The DOW falls from 10,000 to
5,0000 and loses 50% of it's value. It returns from 5,000 to 10,000 and
gains 100% of it's value.Wait, think about that for a minute. In the
normal world having the ability to gain