Forex strategy builder

Forex strategy builderForex Strategy Builder

Forex Strategy Builder is a complete solution for building and testing CFD, Indexes and Forex trading strategies. It is free to use and distribute. Forex Strategy Builder's user friendly interface allows you to create and back test a profitable trading system with just a few clicks. Thanks to the program's automatic system generator you can successfully build a market strategy without having detailed technical analysis or programming skills. Using market rates dating back to the 1980s, Forex Strategy Builder immediately calculates statistics and creates charts for the whole trade. You can easily create and test complicated trading systems using a wide variety of indicators and logic rules allowing almost infinite combinations. The program also includes unique interpolation methods yielding reliable test results within each data bar. Forex Strategy Builder looks inside the current time frame using all shorter data periods to produce a realistic market back test. It also calculates the most profitable combination of parameters for the selected indicators, plots the average result balance between all possible market scenarios (while protecting the strategy from curve-fitting), shows the price fluctuation inside each bar, and recognizes all the ambiguous bars in the back test. Custom indicators and out of sample testing is also available. In short, Forex Strategy Builder provides you with all you need to quickly perform an in-depth technical analysis. Once done, you can export your strategy to get feedback from other experienced investors. On the program's website you can find additional information, help articles and tutorials, as well as the source code of more than one hundred technical indicators. You can learn more about the safety principles of back testing and use ideas and systems from the forum members. Forex Strategy Builder is compatible with Microsoft Windows 2000/XP/Vista. NET Framework v2 or newer is required. The program is free to download and use.

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Questrade online trading academy ucl algorithmic trading platform

Questrade online trading academy ucl algorithmic trading platformQuestrade online trading academy ucl algorithmic trading platform

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Forex8020ruleBernie Madoff and the 80/20 Rule

Everyone is familiar with the 80/20 rule. Everyone accepts its validity in almost all aspects of life. 20% of your customers drive 80% of your profits. 20% of all workers are responsible for 80% of all output so on and so on and so on.

The 80/20 rule isnt some sort of a scientific certainty but rather a generally good representation of real life. Even when it comes to our own work ethic if we were truly honest with ourselves we would concede that 80% of all our productivity is usually produced in only 20% of the time. The rest of the day we tend to goof off.

Yet when it comes to trading none of us wants to adhere to the 80/20 rule. No one wants to make 80% of the money in only 20% of the time. Scratch any trader deep enough and theyll admit that what they really want is to make money 80% of the time. But thats not only unrealistic but actually very destructive.

After all why was Bernie Madoffs con so successful? Because he tapped directly into that need for consistency. He didnt promise outsized returns he simply manufactured steady 1% gains on a monthly basis and his customers were thrilled. When real traders looked at those returns they knew immediately that something was wrong. Such low volatility results are simply impossible to achieve in any financial market and especially one as difficult as options.

The topic of 80/20 came up a lot in conversations with my colleagues at this weeks Forex trading expo in Las Vegas. We all trade very different styles but all of us agreed that if were to carefully examine our trading records the 80/20 rule applied almost universally. In fact the single BEST thing that a trading strategy can do is just tread water during the 80% of the time that it is not performing.

Thats hardly a sexy sell but it is an absolutely fundamental fact of successful trading. So next time your trading account spends months just churning around the same net asset value, dont despair. You are actually doing something right.

Boris Schlossberg

The Pareto Principle, commonly known as the 80/20 Rule, is often used in economics, statistics and by humorists to describe real life events and observations. Basically the principle says that 80% of an outcome can be achieved by 20% of the effort. The versatility of the Rule means that its applications can be almost endless but it’s amazing how accurate this Principle is. It can even be used to explain why so many traders struggle with their trading.

Anyone who’s been involved in trading for any time at all knows this principle to be true: that 20% of your trades inevitably account for 80% of your earnings. This leaves the other 80% of your trades, and most of your effort, to make up just 20% of your bottom line. So how can you, as a trader, better equip yourself to take advantage of that profitable 20%?

Here are a couple of key ways to incorporate the 80/20 Rule into your trading and hopefully increase your profits.

80% Winners

Do you think it’s a coincidence that markets trend 20% of the time and are choppy the other 80%? We know this to be true, yet few traders consider that it’s during the 20% Trending period when it’s also easiest to profit. Look at it this way: 80% of your profit will come from only 20% of your effort; therefore if the markets only trend 20% of the time, your best profit opportunities, 80% of them, will come during that 20% trending move. Therefore, as a trader, it’s to your advantage to find and capitalize on these trending moves. But how?

The simplest way to identify the overall market Trend is to take a broader view of the market. Just step back a bit. See what is happening in the market at a higher level. Very often traders become so engrossed on what the market is doing right now that they lose sight of the bigger picture, which often leads to taking losing trades against the trend.

Ed Seykota, one of the most profitable traders of modern times, trades this way. Seykota’s not concerned about picking the top or bottom in a move, and neither is he concerned about giving up some early profit. His focus is on finding the Trend and once he has identified the trend he keeps trading in that direction, usually with outstanding results. Although simple, it is a sound principle and one that you need to incorporate into your own trading as well.

While Seykota’s system for trend identification is rather simple, there are also technical methods for identifying trends through the use of indicators and/or trading systems. For example, the Eagle Trend Trader from IndicatorWarehouse is one such trading system, and one that I use to find and capitalize on emerging market trends. The Eagle was specifically designed to ignore short term price swings in favour of capturing larger, more profitable moves and only generates BUY/SELL signals when conditions are optimal for a trend.

Moving averages crossovers and channel breakout systems are also popular methods for determining market trends, but regardless of whether you use a system like DTS or something else, the important thing to remember is that it is worth your while to concentrate on finding and recognizing that 20% period when the market Trends. Your survival depends on it.

20% Losers

When you flip the Pareto Principle on its head, you find out that 20% of your losers are probably accounting for 80% of the drawdown against your account. The first order of business therefore, is to identify the source of the losses so you can get control on those trades that are putting a dent in your capital. I hate to have to tell you this, but it’s not the market’s fault you’re losing all that money – it’s yours. But there is good news.

The good news is that trades in this Big Drawdown category usually stem from only a few sources. These include:


strangling the trade (ie. stops too tight),

thrill or boredom trading, and

incorrect capitalization (ie. risking too much of your account per trade)

The bad news is correcting the problem requires a considerable devotion to trading discipline – something all traders pay lip-service too, but few actually do. However, once you begin to exercise some trading discipline and realize the rewards of not overtrading, or strangling your trade, or trading out of boredom, or not overcapitalizing your positions (ie. you make more money); the easier the changes become to make. In other words, taking the first step is the hard part.

But a word of caution: change can take a while. We’re all human and prone to make mistakes. I’ve been involved in trading for nearly 20 years and I still catch myself making some of these same mistakes from time to time. So be patient with yourself. But by knowing what you’re doing wrong you are one step closer to fixing the problem, even if you happen to slip up occasionally.

Remember the Objective

Keep your objective in mind. Remember that being choosy and holding out for the trades that fall within the 20% trending period will make earning a profit much easier. Remember too that flirting with the other 80% of the trades will barely pay for your efforts, so avoid them.

You might find, as many traders have, that will be trading less, but earning more; and as an added bonus you’ll be more in control of your trades too. In fact, you might find that your most profitable days will be the ones in which you have traded the least! Try Pareto’s Principle for yourself and see. The 80/20 Rule makes a lot of sense.

For more from Erich, visit the Indicator Warehouse for additional futures resources and NinjaTrader Indicators.

Forex money management is the hardest part of forex trading and most traders simply make errors that doom them to failure. Here we will look at how understanding the 80 / 20 rule and using it in your trading system can make you bigger profits with less risk.

The 80 / 20 rule is simple and states:

That a small number of causes (20%) is responsible for a large percentage (80%) of the effect. The principle was named after the Italian economist Vilfredo Pareto, who noted that 80% of income in Italy was received by just 20% of the population. The value of the Pareto Principle in life and forex trading is - it tells you to focus on the 20 percent of your trading that really matters.

Most traders simply trade too much and the 20% that matters are really just the high odds trades - get rid of the marginal and low odds trades and trade high odds set ups only.

The fact is many traders think the more they trade the better and the more chance they have of enjoying currency trading success. Most try trading the market noise and try forex day trading or scalping - but they are doomed to failure and get wiped out. Trading profits are not correlated to how often you trade, as you are only judged on being right with your trading signal.

If you trade 100 times or twice all that matters is the amount of money you put in the bank from your market timing.

I know traders who trade just a few times a year and make somewhere between 100 - 200% just simply because they wait for high odds trades, hit them and hold them.

Trading less, is more time efficient and more profitable.

Look at any new traders account and they will be over trading and if you make the mistake of taking marginal trades you will lose.

Money management is all about protecting the account equity you a have and if you focus on high odds set ups only, you are going to increase your profit potential overall.

The 80 / 20 rule works in forex trading just as it does in all areas of life and if you use it in forex trading you will focusing on making money and that at the end of the day, is what forex trading is all about.

So think about it, apply it, watch your profits soar and your account equity risk decline and get on the road to currency trading success.

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Forex money management matters

Forex money management mattersForex: Money Management Matters

Put two rookie traders in front of the screen, provide them with your best high-probability set-up, and for good measure, have each one take the opposite side of the trade. More than likely, both will wind up losing money. However, if you take two pros and have them trade in the opposite direction of each other, quite frequently both traders will wind up making money - despite the seeming contradiction of the premise. What's the difference? What is the most important factor separating the seasoned traders from the amateurs? The answer is money management.

Figure 1 - This table shows just how difficult it is to recover from a debilitating loss.

Note that a trader would have to earn 100% on his or her capital - a feat accomplished by less than 1% of traders worldwide - just to break even on an account with a 50% loss. At 75% drawdown, the trader must quadruple his or her account just to bring it back to its original equity - truly a Herculean task!

The Big One

Although most traders are familiar with the figures above, they are inevitably ignored. Trading books are littered with stories of traders losing one, two, even five years' worth of profits in a single trade gone terribly wrong. Typically, the runaway loss is a result of sloppy money management, with no hard stops and lots of average downs into the longs and average ups into the shorts. Above all, the runaway loss is due simply to a loss of discipline.

Most traders begin their trading career, whether consciously or subconsciously, visualizing "The Big One" - the one trade that will make them millions and allow them to retire young and live carefree for the rest of their lives. In forex, this fantasy is further reinforced by the folklore of the markets. Who can forget the time that George Soros "broke the Bank of England" by shorting the pound and walked away with a cool $1-billion profit in a single day? But the cold hard truth for most retail traders is that, instead of experiencing the "Big Win", most traders fall victim to just one "Big Loss" that can knock them out of the game forever.

Learning Tough Lessons

Traders can avoid this fate by controlling their risks through stop losses. In Jack Schwager's famous book "Market Wizards" (1989), day trader and trend follower Larry Hite offers this practical advice: "Never risk more than 1% of total equity on any trade. By only risking 1%, I am indifferent to any individual trade." This is a very good approach. A trader can be wrong 20 times in a row and still have 80% of his or her equity left.

The reality is that very few traders have the discipline to practice this method consistently. Not unlike a child who learns not to touch a hot stove only after being burned once or twice, most traders can only absorb the lessons of risk discipline through the harsh experience of monetary loss. This is the most important reason why traders should use only their speculative capital when first entering the forex market. When novices ask how much money they should begin trading with, one seasoned trader says: "Choose a number that will not materially impact your life if you were to lose it completely. Now subdivide that number by five because your first few attempts at trading will most likely end up in blow out." This too is very sage advice, and it is well worth following for anyone considering trading forex.

Money Management Styles

Generally speaking, there are two ways to practice successful money management. A trader can take many frequent small stops and try to harvest profits from the few large winning trades, or a trader can choose to go for many small squirrel-like gains and take infrequent but large stops in the hope the many small profits will outweigh the few large losses. The first method generates many minor instances of psychological pain, but it produces a few major moments of ecstasy. On the other hand, the second strategy offers many minor instances of joy, but at the expense of experiencing a few very nasty psychological hits. With this wide-stop approach, it is not unusual to lose a week or even a month's worth of profits in one or two trades. (For further reading, see Introduction To Types Of Trading: Swing Trades .)

To a large extent, the method you choose depends on your personality; it is part of the process of discovery for each trader. One of the great benefits of the forex market is that it can accommodate both styles equally, without any additional cost to the retail trader. Since forex is a spread - based market, the cost of each transaction is the same, regardless of the size of any given trader's position.

For example, in EUR/USD, most traders would encounter a 3 pip spread equal to the cost of 3/100 th of 1% of the underlying position. This cost will be uniform, in percentage terms, whether the trader wants to deal in 100-unit lots or one million-unit lots of the currency. For example, if the trader wanted to use 10,000-unit lots, the spread would amount to $3, but for the same trade using only 100-unit lots, the spread would be a mere $0.03. Contrast that with the stock market where, for example, a commission on 100 shares or 1,000 shares of a $20 stock may be fixed at $40, making the effective cost of transaction 2% in the case of 100 shares, but only 0.2% in the case of 1,000 shares. This type of variability makes it very hard for smaller traders in the equity market to scale into positions, as commissions heavily skew costs against them. However, forex traders have the benefit of uniform pricing and can practice any style of money management they choose without concern about variable transaction costs.

Four Types of Stops

Once you are ready to trade with a serious approach to money management and the proper amount of capital is allocated to your account, there are four types of stops you may consider.

1. Equity Stop - This is the simplest of all stops. The trader risks only a predetermined amount of his or her account on a single trade. A common metric is to risk 2% of the account on any given trade. On a hypothetical $10,000 trading account, a trader could risk $200, or about 200 points, on one mini lot (10,000 units) of EUR/USD, or only 20 points on a standard 100,000-unit lot. Aggressive traders may consider using 5% equity stops, but note that this amount is generally considered to be the upper limit of prudent money management because 10 consecutive wrong trades would draw down the account by 50%.

One strong criticism of the equity stop is that it places an arbitrary exit point on a trader's position. The trade is liquidated not as a result of a logical response to the price action of the marketplace, but rather to satisfy the trader's internal risk controls.

2. Chart Stop - Technical analysis can generate thousands of possible stops, driven by the price action of the charts or by various technical indicator signals. Technically oriented traders like to combine these exit points with standard equity stop rules to formulate charts stops. A classic example of a chart stop is the swing high/low point. In Figure 2 a trader with our hypothetical $10,000 account using the chart stop could sell one mini lot risking 150 points, or about 1.5% of the account.

3. Volatility Stop - A more sophisticated version of the chart stop uses volatility instead of price action to set risk parameters. The idea is that in a high volatility environment, when prices traverse wide ranges, the trader needs to adapt to the present conditions and allow the position more room for risk to avoid being stopped out by intra-market noise. The opposite holds true for a low volatility environment, in which risk parameters would need to be compressed.

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Sidus trend sniper forex strategy

Sidus trend sniper forex strategySidus Trend Sniper Forex Strategy

Heres another low risk trading strategy with very simple to follow trading rules. The Laquerre indicator is a great filter for false signals. Ive tested this strategy thoroughly on the EUR/USD 1 hour charts and it is profitable in the long run. You can test this strategy on other currency pairs as well if you like this style of low risk trading.

Trading sessions: Any

Currency pairs: EUR/USD

EUR/USD Hourly Chart Example

Trading Rules

Sidus up arrow appears on the chart

Laquerre above 0.15 from below

Set the stop loss under the most recent swing low. The maximum SL is 50 pips. Set the take profit to 75 pips.

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1scottrade review online trading review

1scottrade review online trading reviewTrading Options:

Scottrade is very easy to use and offers a lot of feature rich investment options and tools. There are three different trading and investing platforms. Whichever platform is used, investors are able to buy and sell stocks, bonds, mutual funds, exchange traded funds, and more. Invest in options, including easy execution for even complex strategies, and reasonable margin interest rates (currently 7.25 percent). You will also have the option of trading stocks from up to 20 foreign countries. Account set-up only takes about 10 minutes and this can include retirement accounts, custodial accounts, and even business accounts.

Scottrade offers a wide variety of investment tools in order to help you be more successful. This includes real-time, live streaming quotes and charts, available without any trade requirements whatsoever. Stock screeners also allow you to really focus and narrow in on your research. Be sure to check out the analyst research reports for companies as well as specific industries. In fact, you can really customize your entire experience. Set up watch lists, use the free up-to-the-minute DJ and Comtex news, and even the ability to access level II quotes. Basically, everything you will need is right at your fingertips.

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The application for Scottrade takes about 10 minutes to complete. If you have all your basic personal, employer and financial information on hand then the process will be simple and able to be completed quickly.

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Electricity futures trading strategies

Electricity futures trading strategiesElectricity futures trading strategies asian stock futures

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Futures trading binaries the exchange that companies encompasses shell s leading alpha focused algorithm. System! Buy or any special expertise can take advantage of the markets using futures trading, without deviation and commentary with specialties in today and speak with crude oil brn and resources website for traders the cme group education, where enron once had

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Learn Futures Technical Analysis with The Cullen Outlook [HD]

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This material is conveyed as a solicitation for entering into a derivatives transaction.

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Top work from home blogForex Trading vs Stock Trading

As more investors grow dissatisfied with the performance of the domestic stock markets, they are beginning to explore some options for international investments. While there are a number of opportunities to get involved in foreign markets, foreign exchange trading is quickly becoming one of the most popular. Investors like forex trades because they are made quickly and with minimal hassle. There are several definable benefits to foreign exchange trading.

The first benefit is that forex is liquid. In fact, forex is the most easily sold form of investment in the world. Since you are dealing with cash, forex trades are never on the block for long. There is always someone, or some bank, willing to make a trade. This liquidity is what makes trading forex so appealing to many. Even in falling markets, you have the ability to sell whenever you are ready.

Another benefit of foreign exchange trading is that forex trades are available 24 hours a day. Since the medium is the worlds currencies, the market must be open 24 hours a day since banks in different time zones are always open. The development of internet technology has opened up a world where trading can happen instantaneously at any time of day. Since many forex traders work full time jobs during the day, the ability to sit at home and make trades in the evening, even after their own nations markets have closed, is very important.

Some foreign exchange traders like this platform because forex trades rarely charge any commission fees. When trading regular stocks and even some futures, the investors profits take a substantial hit from the commission based fee structure in which the brokerage firm gets a percentage of every trade made. With online forex trading though, these commissions are not applicable as you are making the trades yourself. It may seem like small change, but over the course of a year, many forex traders find that they have increased their portfolio substantially because they are able to invest the money that normally would have gone to commission fees.

Investors who limit their portfolios to domestic common stock often find that their trading activity must come to a halt in a declining market. You may hear them talk of riding out the storm. For those who make forex trades however, the normal rise and fall of the worlds economies does not affect the nature of the trading. Forex trades depend only on the exchange rate. The actual value of the currency doesnt matter. For this reason, you will see that foreign exchange trading remains active even when trade volumes of common stock are very low.

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My most profitable trading strategy

My most profitable trading strategyMy Most Profitable Trading Strategy

Sophia Todorova is the host of the live trading room for the London session. She has a background in teaching and psychology, and as such relishes the idea of assisting new traders on their journey to Forex trading success. Technical Analysis is her passion. The charts speak, and she listens.

The most profitable Forex trading strategy that I have at my disposal works like a charm on any account size. Regardless of whether you are a scalper, or a swing trader, you will be able to benefit from it. This strategy is called ‘ Stand Aside’. This trading strategy works best inmessy, non-directional markets . Without meaning to sound flippant, I can say without a doubt, that it is the most absolute, surefire way to guarantee against losing money while trading. On a day like today, I tend to apply this strategy a lot, and I consider it an essential trading survival skill.

I have learnt the hard way that trying to force a trade when there are no solid trade setups is very risky, and is the quickest way to lose an account. The charts appear to be filled with mixed signals at the moment. This is a great time to catch up on some reading you have been meaning to get done, or just about anything else, except trading. Still, if you have that itch, and you must trade, try doing it on a practice account instead of a live one. If you happen to find a good setup please trade in appropriate position sizes during this light liquidity period.

The markets offer plenty of trade opportunities most of the time, so it really is pointless trying to force-trade when the markets are resting. A good trader knows when to stand aside.

Have a great weekend, everyone, and thank you for reading these articles. I’ll see you all next week. In the meantime try to relax and do something fun

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Forex peace army is your free forex market guardian!

Forex peace army is your free forex market guardian!FOREX PEACE ARMY IS YOUR FREE FOREX MARKET GUARDIAN!

All our Services including Online Trading Forums ,

Automated Forex Trading System Tests . Forex Broker Reviews .

and Forex Scam Resolution Help are absolutely free for our fellow Forex Traders.

Unique Forex Review System to Find the Best Forex Broker and Avoid Scam

Smart Forex Traders have been using Forex Reviews database by Forex Peace Army since 2006. Currently it's by far the largest collection covering over 3,500 forex companies that is famous for its quality. All reviews are verified with the set of propriatory techiques and read by human editors before getting posted.

Reviews are conveniently classified as forex broker reviews, forex signals reviews, forex software reviews (including forex robot reviews ) with smaller categories for educators, account managers and forums. Our fully searcheable database will help you compare best forex brokers or find good rated forex company to serve your traidng needs and avoid fraud.

We greatly appreciate the help of hundreds of thousands fellow foreign exchange traders contributing fresh information to our unique forex review and rating system daily!

Forex Traders Court Exposes Scam and Helps to Recover Lost Money

The unregulated and highly profitable Forex Market is extremely attractive, not only for us as traders, but also for those who are best defined by the word "SCAM". According to CFTC records, the average individual foreign exchange trading victim loses about $15,000.

One way to avoid the "fraud du jour" is not to be fooled by professionally designed web pitch pages. Read the reviews of the forex services left by other traders carefully and share your opinion about companies you used with the ForexPeaceArmy traders community. Together we can separate the good guys from the bad ones!

If you become the victim of the a Forex Scam, the ForexPeaceArmy will do everything in its power to help you to get your money back - all absolutely free.

We aren't a team of the lawyers; we are a community of tens of thousands of traders ready to offer the help to our fellow traders in need. Our team of investigators carefully examines the case and tries to resolve the issue. In general, most companies would decide to come to a reasonable solution when faced with a legitimate complaint in such a public web site combined with solid evidence.

You can learn what happens if the company does not respond or responds in an unsatisfactory manner and file a complaint here.

Daily Currency Analysis and News Trading Signals

These daily news trading signals are what made the FPA famous because they are very simple and can be very profitable.

These free signals began in 2006, they are based on the fundamental analysis and high-impact economic news releases that move the market. Both spike and after-the-spike strategies are reviewed for each particular event. Also, starting from February 2013 high-velocity spike trading software is provided free of charge to our members.

The FPA sincerely hopes that these signals will add some profits to your trading account.

Are you making your first steps at currency trading and want to know what is forex? Or you are a vetreran trader who want to learn advanced techniques how to trade forex from professional forex money managers and educators?

FPA Forex Trading Education Section is the Best Place to Learn Forex!

Performance Testing of EAs, Signal Services, and Managed Accounts

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Online trading academy lower parel trusted-safe binary option brokers

Online trading academy lower parel trusted-safe binary option brokersOnline trading academy lower parel Trusted Safe Binary Option Brokers vbdesigngroup

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Abletrend trading software for stock tradingprofessional trading software for disciplined traders

Abletrend trading software for stock tradingprofessional trading software for disciplined tradersAbleTrend Trading Software for Stock Trading

Professional trading software for disciplined traders

Welcome to AbleSys S&C award-winning (1997-2015) trading system software. AbleSys is a commodity trading advisor (CTA).

AbleTrend can be used as 100% mechanical and automated (Auto) trading system. Based on our trading signals, you select trading rules, make it fully automated. It is universal so that it can be applied to any markets and any time charts including the stock markets. AbleTrend has provided traders with specific optimal buy and sell signals as well as dynamic risk-control stops since 1994.

Amazing AbleTrend Identifies Trend Changes Instantly

Trading is a zero-sum game. That means that every gain by one trader is offset by an equal loss by other traders. One man's pain is another man's gain. Obviously, it is every trader's goal to be on the winning side of the equation. The question is how? What is the key to success in trading? Or put more simply, what's your winning edge? Why do you think you can win? Trading strategy is one of the key elements of trading success. Not all the trading strategy are created the same or equal. Find out why AbleTrend trading signal software can help your approach to trading success.

What Is AbleTrend Trading Software

Award-winning and Time-Tested: Only AbleTrend has won Stocks & Commodities magazine readers' choice awards of triple* trading systems for 19 years in a row (1997 - 2015). *including stock trading systems, futures trading systems & option trading systems.

AbleTrend trading software contains four proprietary indicators and one mechanical trading system. Trend is a trader's best friend. Enormous profits can be made if one can identify a trend at its earliest stage and be able to follow it with minimum risk. AbleTrend has been designed to do just that. Now with the AbleTrend 7.0 you will have the power that some major institutions lack.

AbleTrend is universal. It works with any market and with any time interval. It does not matter whether the market trades stocks, bonds, futures, Forex or any other freely traded market. It can be applied to day trading, swing trading and position trading.

AbleTrend has many time-tested trading strategies built-in 100% mechanical trading system. Blue dots are Buy strategy and red dots are Sell strategy with sound alerts. Each of classical AbleTrend indicators and each built-in indicator can be back-tested.

Simplify, simplify and simplify. While some people like to make simple things complicated, we are able to make complex things simple. Unlike many packages on the market, which need extensive chart analysis, or require "votes" from a set of traditional indicators, AbleTrend 7.0 provides specific buy and sell strategy with no discretionary decisions to make and with no interpretation necessary. AbleTrend 7.0 is even powered with Parameter Auto-Selection (PAS) capability for optimal exits and optimal trading intervals. Each indicator can be added to the same chart a few times with different settings. It provides different trading strategy on the same chart.

Each chart in AbleTrend software is a trading strategy (or trading system). You may open 16 workspaces simultaneously, and each workspace can hold 16 charts. With sound and popup alerts of buy/sell/stop signals, you can monitor many markets at the same time.

What Do You Get?

Looking for time-tested and award-winning trading signals? AbleTrend is an universal trading system software that it can be applied to any markets including the E-Mini futures markets such as NYSE, NASDAQ, and AMEX, ETFs, Mutual Funds etc. You may apply this software for Stock trading.

Chart Settings:

2-5 min charts for day trading.

30-60 min charts for swing trading.

Daily or weekly charts for position trading.

Examples of recent Stock charts with AbleTrend

What other traders say about AbleTrend?

PC requirements & datafeed

30-Day Trial of AbleTrend

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The commitment of forex traders-cot report

The commitment of forex traders-cot reportThe Commitment of Forex Traders - COT report

The Commitment of Traders report is a disclosure of the net long and short positions taken by both speculative and commercial traders. It's a terrific resource that lets you see how the market's big players are positioned in the market. Forex-Central already lets you see what individual traders are positioned on. but do you want to follow the herd, knowing that most of the herd is losing money. Probably not! The COT (Commitment of Traders) report is actually a report on currency futures positions that are taken by institutional players: commercial traders (companies and banks that are hedging to protect themselves from adverse currency swings) and non-commercial traders (speculators who are only looking to make profits, such as fund managers, financial institutions and individual traders just like you!).

Why is the COT report useful?

First of all, if you're a scalper or a day trader, you had best look at other forex trading strategies. this one is for longer term forex traders (who hold onto positions for weeks or months)! The COT report is useful for long-term traders as it helps you identify extreme net long or net short positions. And when you see such extreme positions, it usually means that a market reversal is just around the corner because if everyone is long a currency, who is left to buy? Nobody! And the same reasoning applies to short positions.

Where do I find the COT report?

Example of the Chicago Mercantile Exchange report

As you can see, you have your Non-Commercial positions in the left columns, followed by the Commercial positions. Here you can see the number of long positions (in the above picture, each long or short position is for a contract worth 62,500 British pounds).

The open interest number is the total number of open contracts (purchases and sales) made by all types of traders.

On the second line you see the changes from last week (this is great for seeing whether fund managers and hedgers are adding to their positions or easing off).

On the last line you see the number of traders holding these positions. These are traders whose positions are large enough that they have to report them to the CFTC. The last columns on the right represent the positions by traders who are not required to disclose their positions to the CFTC (because they're not large enough).

How do I interpret this data?

You have to keep in mind what characterises the two groups of traders that hold the futures positions listed in that report. Because they are hedging (to protect themselves from a currency devaluation for example), the commercial traders are the most bullish at market bottoms and the most bearish at market peaks. On the other hand, the non-commercial traders . or speculators, are dedicated to following the trend, selling when the market is heading downward and buying when the market is going up. They keep adding to their positions until the price trend reverses. Their strategy often involves following moving averages.

Let's look at a visual example to understand all of this:

Above us, we have a weekly chart of the EUR/USD pair. The two most important lines at the bottom are the blue one ( commercial traders which are hedging to protect themselves) and the green one ( non-commercial traders that are trying to profit by following the trend). Notice how they seem to mirror each other!

From this chart we can see that non-commercial short positions hit an extreme low in Sept 2008; 2 months later, the EUR/USD pair reversed and went up, as there was seemingly no one left to sell. Conversely, non-commercial long positions hit an extreme high in October 2009; and again, 2 months later the EUR/USD pair reversed and started falling, as there was apparently no one left who wanted to buy. There is an apparent 1 to 2 month lag between extremes on non-commercial traders' positions and the reversals of price.

If you had recognised that the non-commercial speculators' short positions were at an extreme low in September 2008, and you had bought at the 1.26 level and sold when their long positions were at an extreme high in October 2009, you would have made 2400 pips . Just the same, if you had recognised that the non-commercial speculators' long positions were at an extreme high in October 2009, and you had gone short at the 1.48 level and sold when their short positions were at an extreme low in March 2010, you would have made another 1200 pips . 2 transactions worth a profit of 3,600 pips . not bad, eh.

Of course, it's hard to tell exactly when you've hit the actual extreme, so it's sometimes best to not do anything until the actual market reversal has been confirmed.

As you can see, this is a great strategy for the long-term trader who is not in a hurry but wants to capture the full big moves of the market. Unfortunately, even though the COT report is free, it is only provided on a weekly basis, you would have to record the data yourself in an Excel spreadsheet to track the movements of non-commercial traders' long and short positions. However, since you only need those 2 numbers each week, this would only take one minute of your time each week - a small price to pay for all of those pips you can capture.

Once again here are the links that you need to get this Commitments of Traders data:

The Commitments of Traders report

A very interesting article on the COT Report in which you will find a free Expert Advisor to see the COT report directly in MetaTrader 4.

Online The commitment of forex traders-cot report

German stock exchange names

German stock exchange namesGerman stock exchange names

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Forex trading investment

Forex trading investmentRisk warning: Trading foreign exchange or contracts for differences on margin carries a high level of risk, and may not be suitable for all investors. There is a possibility that you may sustain a loss equal to or greater than your entire investment. Therefore, you should not invest or risk money that you cannot afford to lose. You should ensure you understand all of the risks. Before using ServiceCom Ltd services please acknowledge the risks associated with trading.

The content of this Website must not be construed as personal advice. ServiceCom Ltd. recommends you seek advice from an independent financial advisor.


Forex Capital CS is an Internet-Based Forex Fund Management service with guaranteed monthly return of 25% to 35% for Individuals anywhere in the world. Any one can become members and receive attractive Monthly Return from forex market traded by our expert trader’s team.

We are a service oriented investment management company and reward our Members on the sales of our Membership. So, yes you need to sell our Membership in order to earn commissions but we do pay you commissions on the sales done in your organizational structure based upon Compensation Plan explained in business opportunity.

In our daily life, we do recommend products and services to our friends, colleagues, family members which we like. We use the same word of mouth referral system to form a compensation plan that pays commissions to people on promotion of our private investment management for our clients

Forex Capital CS, uses the payment of commission where existing members sell our Memberships on behalf of the company is referred to as Multi-Level Marketing or commonly known as Network Marketing. Direct Selling/Network Marketing/Multi-level Marketing is a widely known and established industry all over the world.

There is a cap from our Binary System based on your level of achievement. A Member has a cap of $50 to $3000 per day on the Matching check bonuses based on their investment portfolio.

Forex & Commodities

Foreign exchange is the largest and most liquid market in the world today. Forex daily trading turnover value is equivalent to approximately $4 trillion — three times larger than the average for stock and bond markets combined. The forex market operates 24 hours a day through a global network of banks across Asia, Europe and America. There is no centralized exchange for forex, which means that the market is an over-the-counter or decentralized financial market. Traders profit from forex trading by speculating the relative strength of one currency against another.

Cash flow in commodity market is quite high since commodity transaction is one of the most popular trading instrument by most global investment managers.

Commodities can be understood more as a physical substance. In general, commodities are divided into two categories. The first commodities are hard commodities such as gold, silver, oil, an others. These hard commodities are limited and requiring significant investment to extract. The second are soft commodities such as agricultural products like sugar, rice, cocoa, and coffee, to name a few.

Commodities are easier to understand because a lot depends on supply and demand fundamental conditions. Pricing in commodities futures has been less volatile compared with equity and bonds, thus providing an efficient portfolio diversification option for traders. What makes commodities so much more interesting and risky to trade compared with stocks is the amount of leverage available to the trader. Practically, the risk of trading in the commodity market will not be more than the risk you set yourself.

Foreign Exchange (FX)

The foreign exchange market (known as forex or FX) is a global worldwide decentralized financial market for trading currencies. Currencies are important to people whether they realize it or not, because currencies need to be exchanged in order to conduct foreign trade and business. A foreign exchange transaction can be undertaken between various participants around the world including private individuals, institutions or governments. Foreign exchange transactions may fulfil a number of purposes, from maintaining foreign exchange reserves, to hedging purposes, or profiting from price movement.

Monex provides foreign exchange trading under the alternative trading system (ATS) in the forex market. It allows all kinds of parties to trade with much smaller capital in a highly liquid market. You can trade major currencies as well as cross-currencies — those other than the US dollar. The online forex market has been designed to comply with major financial markets across the world (Tokyo, London and New York) almost 24 hours a day on weekdays.

Large number of market participants with the largest transaction volume. Very liquid with instant execution for both buy and sell orders. Market open almost 24 hours on weekdays. Very tight spreads and competitive pricing. The ability to sell currencies without obligation to buy in advance (short sell). No time limit applied for both long and short holding positions. Amount of capital required to participate is only 1% of the actual contract value. Online trading via the Monex Trader platform.


Contract Size: 100,000/lot

Profit/loss calculation:

Assuming that you are expecting the euro to strengthen against the US dollar, you buy 2 lots of EUR/USD at 1.40000. The euro actually does strengthen against US dollar during the same day and you liquidate your position at the price of 1.41000.

Your profit or loss will be calculated as per below:

= (Selling Price Buying Price) x Contract Size x Lot

= (1.41000 - 1.40000) x 100,000 x 2 lots = $2,000*

* The calculation above was made as an illustration only. Transaction costs and commission fees are excluded. Results may vary depending on the direction of the price movement.

Gold - Loco London (XAU/USD)

Gold is one of the most popular commodities for investment or trading purposes. Investors typically buy gold to hedge against inflation or as a safe haven during times of economic, political or social instability. Gold trading can be executed under the ATS on the Loco London market. Its contract size is worth 100 troy ounces — equal to 3110.35 g (3.1 kg) — but no physical delivery is required for settlement.

No delivery and storage fees required. Standard contract size: 100 troy ounces. Low spread. High liquidity with instant execution for both buy and sell orders. Short selling on bearish market is allowed. Market open for almost 24 hours on weekdays. Low margin requirement, which can significantly enhance return on investment (ROI). Online trading via the Monex Trader platform.


Contract size: 100 troy ounces/lot

Profit/loss calculation:

= (Selling Price Buying Price) x Contract Size x Lot

Assuming that you are expecting the price of gold to strengthen against the US Dollar, you buy 2 lots of XAU/USD at $1.200. The gold price actually strengthens against USD during the day and you liquidate the position at the price of $1.215.

Your profit or loss will be calculated as per below:

= (1,215 1,200) x 100 x 2 lots = $3,000*

* The calculation above was made as an illustration only. Transaction costs and commission fees are excluded. Results may vary depending on the direction of the price movement.

Silver (XAG/USD)

Silver is another product which has gained popularity over the years and is offered by Monex. It is also traded under ATS on the Loco London market. It trades on a standard contract size of 5,000 troy ounces with no requirement for physical delivery.

No delivery and storage fees required. Standard contracts: 5.000 troy ounces. Low spread. High liquidity with instant execution for both buy and sell orders. Short selling on bearish market is allowed. Market open for almost 24 hours on weekdays. Low margin requirement, which can significantly enhance your ROI. Online trading via the Monex Trader platform.

Contract size: 5,000 troy ounces/lot

Profit/loss calculation:

= (Selling Price Buying Price) x Contract Size x Lot

Assuming that you are expecting the price of silver to weaken against the US Dollar, you sell 2 lots of XAG/USD at $29.20 and during the day, the price of silver drops and you liquidate your position at the price of $28.60

= (29.20 28.60) x 5,000 x 2 = $6,000*

* The calculation above was made as an illustration only. Transaction costs and commission fees are excluded. Results may vary depending on the direction of the price movement.

Crude Oil (CO-LS/USD)

Crude oil futures are among the most popular and widely watched future markets. There isnt a day without the mention of crude oil prices on television, in newspapers or magazines. Crude oil futures are traded under the ATS system on the New York Mercantile Exchange (NYMEX) market. The standard contract size is denominated in 1,000 barrels and does not require any physical settlement.

No delivery and storage fees required. Standard contract size: 1,000 barrels. Low spread. High liquidity with instant execution for both buy and sell orders. Short selling on bearish market is allowed. Market open for almost 24 hours on weekdays. Low margin requirement, which can significantly enhance your ROI. Online trading via the Monex Trader platform.

Contract size:

1,000 barrels/lot (CLS10C)

Profit/loss calculation:

= (Selling Price Buying Price) x Contract Size x Lot

Assuming that you are expecting the price of crude oil to rise against the US dollar, you buy 1 lot of CLS10C/USD at $96.00 During the day, the price of crude oil actually rises and you liquidate your position at the price of $99.00

= (99,00 96,00) x 1,000 x 1 = $3,000*

* The calculation above was made as an illustration only. Transaction costs and commission fees are excluded. Results may vary depending on the direction of the price movement.


Disclaimer: Information provided on this website is intended solely for informative purposes and is obtained from sources believed to be reliable. P. T. Monex Investindo futures shall not guarantee the completeness and accuracy of the information and shall not be held responsible for any form of loss whether direct or indirect as a result of use of information provided on this website.

Privacy Policy: This privacy policy sets out how P. T. Monex Investindo Futures (we) uses and protects any information that you give us when you use this website. Should we ask you to provide certain information by which you can be identified when using this website; it will be used only in accordance with this privacy statement. Please note that if you apply for a demo or live account with us then we will ask you for detailed information. P. T. Monex Investindo Futures and its employees are required to maintain the confidentiality of such information and will not present it to a third party unless required by law, the company may provide the information to public authorities. We may change this policy from time to time by updating this page.

© 2013 PT. Monex Investindo Futures.

Online Forex trading investment

The effects of affective strategy training in the esl classroom

The effects of affective strategy training in the esl classroomSeptember 2003 — Volume 7, Number 2

The Effects of Affective Strategy Training in the ESL Classroom

University of Alberta

<marian. rossiterualberta. ca>

This paper presents the findings of an intervention designed to examine the effects of affective strategy instruction on measures of second language proficiency and of self-efficacy. The participants in this study were 31 adult intermediate-level ESL learners registered in a full-time ESL program in a post-secondary institution in Canada. Two classes participated in this study; one received 12 hours of affective strategy training, and the second served as a comparison group. At Weeks 1, 5, 10, and 15, learners completed two sets of oral information-gap tasks: picture story narratives and object descriptions. Prior to each task, they provided scalar judgments of their ability to provide accurate descriptions. The data from the self-report questionnaires and from the transcripts of the audio-tapes were used to analyse students perceptions of self-efficacy and their second language performance. The results are discussed with respect to the context in which the training was conducted.


Differential success in second or foreign language learning has been attributed to individual differences such as intelligence, aptitude, personality, motivation, and anxiety. The development of humanistic psychology, which sought to establish a holistic approach to learners, led to an increased focus on individuals emotions and feelings. Maslow (1971), for instance, posited that cognitive and aesthetic goals leading to self-actualization could not be achieved unless human physiological needs, the need for safety and security, the need for belonging, and the need for self-esteem had been satisfied. Rogers (1969) argued that learning should be experiential and convergent with learner goals and that it should take place in a supportive environment. [-1-]

In second language learning, this affective approach manifested itself in methods such as Community Language Learning (Curran, 1972) and Suggestopedia (Lozanov, 1979). A strong proponent of humanism in language teaching, Stevick (1980) argued that . [language learning] success depends less on materials, techniques and linguistic analyses, and more on what goes on inside and between the people in the classroom (p. 4). In his affective filter hypothesis . Krashen (1982) posited the existence of an internal barrier that interfered with second language acquisition when learners were anxious or bored. Schumann (1997, 2001), informed by recent developments in cognition research (Damasio, 1994; LeDoux, 1996), proposed that the psychology and neurobiology of stimulus appraisal (based on novelty, pleasantness, goal/need significance, coping potential, and the self - and social image of the learner) determine the extent to which second language learning is achieved. These theories regarding the important role of affect in learning have resonated strongly with the intuitions of many second and foreign language teachers.

Over the past three decades, research in second language acquisition has confirmed hypotheses that language learning is indeed enhanced by attention to affect. Gardner and colleagues (Gardner, 1985; Gardner & Clément, 1990; Gardner & Lambert, 1972; Gardner & MacIntyre, 1993) conducted extensive investigations of individual differences in language learning success; other studies (Horwitz, Horwitz, & Cope, 1986; Horwitz & Young, 1991; MacIntyre & Gardner, 1989, 1991b) examined the construct of language anxiety. Price (1991) interviewed learners who reported debilitating anxiety caused by instructors who criticized their pronunciation or focused on classroom performance rather than learning. Baileys (1983) diary of her French classroom experience indicated that competitiveness and anxiety motivated her both to work harder on some occasions (facilitating anxiety) and to avoid class on others (debilitating anxiety). Youngs (1990) research with language learners suggested that teachers who used humour and created a friendly, supportive, and relaxed classroom atmosphere that encouraged risk-taking were most helpful in alleviating foreign language anxiety and facilitating learning.

The majority of studies that explored the relationship between affect and second language performance were non-interventions (e. g. Brown, Cunha, Frota, & Ferreira, 2001; Gardner, 1985; Gardner, Moorcroft, & MacIntyre, 1987; MacIntyre & Gardner, 1989; Madsen, Brown, & Jones, 1991; Price, 1991; Young, 1991). Although several laboratory experiments were conducted in this area (e. g. Gardner, Day, & MacIntyre, 1992; MacIntyre & Gardner, 1991a, 1994a, 1994b; Steinberg & Horwitz, 1986; Stevick, 1999), few experimental classroom studies focusing on affect have been documented. A series of interventions conducted by Moskowitz (1981, 1999) with high school second and foreign language students reported positive correlations between the use of humanistic exercises and students attitudes towards language learning, their classmates, and themselves. Results of questionnaires administered to the teachers in this study also showed improved attitudes toward their classes and enhanced self-concept and self-awareness. Cohen, Weaver, and Li (1998) investigated the effects of a range of speaking strategies on three tasks performed by university foreign language students: a self-description, a story retelling, and a description of a favorite city. Some of the many strategies considered by teachers and students in the three experimental classes to be useful for the oral tasks were affective: deep breathing, positive self-talk, visualization exercises, relaxation techniques, taking ones emotional temperature, self-rewards, persistence, and risk-taking. Superior results in overall speaking performance shown by the experimental group on the city description task were attributed to the use of strategies, some of which were affective; the effect of the affective strategy component alone, however, could not be partialed out. As Chamot (2001) stated, there is a continuing need for more intervention studies to determine the effects of strategy training on language learning and proficiency. One of the issues that the present study will examine is the effect of affective strategy instruction on ESL learners performance on oral tasks. [-2-]


Research has shown that performance can be facilitated by the enhancement of self-efficacy . peoples judgments of their capabilities to organize and execute courses of action required to attain designated types of performances (Bandura, 1986, p. 391). Perceptions of self-efficacy influence motivation: they determine the goals individuals set, the effort they expend to achieve those goals, and their willingness to persist in the face of failure (Bandura, 1986). These, in turn, influence achievement (see, for example, Locke, 1996; Pintrich & De Groot, 1990; Schunk, 1984, 1991; Schunk & Gunn, 1985). Much research in the health domain (e. g. treatment of phobias; see Bandura, 1997) and in L1 educational contexts (Pajares, 1996; Schunk, 1995) has demonstrated the positive effects of strategy instruction on self-efficacy.

A related construct is self-efficacy for learning . by which participants judge their capabilities for learning to solve types of problems, write types of paragraphs, or answer types of questions, rather than their certainty for being able to successfully perform those tasks (Schunk, 1996, p. 8). Research from mainstream education contends that

[ s ] trategy instruction can foster self-efficacy for learning. The belief that one understands and can effectively apply a strategy that aids learning leads to a greater sense of control over learning outcomes, which promotes self-efficacy and motivation to apply the strategy. (Pintrich & Schunk, 1996, p. 179)

Self-efficacy is requisite for successful language learning. A growing body of literature developed by Clément and associates has established that a closely-related construct, linguistic self-confidence . is an important component of second/foreign language motivation (see, for example, Clément, Dörnyei, & Noels, 1994; Clément, Gardner, & Smythe, 1977; Clément & Kruidenier, 1985; Dörnyei & Clément, 2001; Gardner, Tremblay, & Masgoret, 1997; Noels & Clément, 1996). However, self-efficacy and self-confidence are not synonymous: as Dörnyei (2001) explained, self-efficacy is always specific to a concrete task whereas self-confidence is usually used to refer to a generalized perception of ones coping potentials, relevant to a range of tasks and subject domains. (p. 56)

Limited experimental research on task-specific self-efficacy and L2 strategy instruction has been conducted to date. Two intervention studies (Chamot, Barnhardt, El-Dinary, Carbonaro, & Robbins, 1993; Chamot, Robbins, & El-Dinary, 1993; for a summary, see Chamot, 1994) examined the effects of metacognitive, cognitive, and social strategy instruction received by learners of Japanese, Russian, and Spanish. Among other measures, students completed learning strategy questionnaires in which they reported their frequency of strategy use in performing specific L2 tasks, and self-efficacy questionnaires in which they rated their perceptions of their ability to complete those particular tasks. Positive relationships between the frequent use of learning strategies and perceptions of self-efficacy were found in most groups; affective strategies, however, were not included in the research design. An examination of the effects of affective strategy instruction on self-efficacy is included in this study. [-3-]

Enhancing Classroom Affect

An increasing number of materials have emerged over the years to enhance affect in second language classrooms. Oxford (1990, p. 163) delineated three types of affective strategies that can be used to regulate learner attitudes, motivation, and emotions. These include strategies for anxiety reduction (using progressive relaxation and deep breathing exercises, music, and laughter), for self-encouragement (making positive statements, taking risks wisely, and administering self-rewards), and for monitoring emotions (listening to the body, completing a checklist, writing a language learning diary, and discussing feelings with peers).

Numerous authors (e. g. Campbell & Ortiz, 1991; Crandall, 1999; Crookall & Oxford, 1991; Foss & Reitzel, 1991; Hooper Hansen, 1998; Medgyes, 2002; Oxford, 1990; Oxford et al. 1990; Phillips, 1998; Rinvolucri, 1999) have described activities for enhancing L2 learners cognitive and affective experiences, such as discussion of the ideal language learner, cooperative learning activities, an agony column (in which learners reply to letters expressing language learning difficulties), use of learner anxiety graphs, visualization, humour, cartoon story telling, and rhythmic breathing exercises. These fall on a continuum from more teacher-controlled to more student-controlled; although all can be taught and encouraged by the teacher, the teacher has more control over some than others. For example, the use of humour, music, visualization, and relaxation in the classroom would likely be initiated by the teacher, whereas self-talk, risk-taking, and monitoring are more student-regulated strategies.

This study was undertaken, using Oxfords (1990) taxonomy of affective strategies, to determine what effects, if any, affective strategy instruction (in relaxation, music, visualization, humour, positive self-talk, risk-taking, and monitoring emotions) might have on learner performance and self-efficacy in speaking tasks. A quasi-experimental non-equivalent comparison-group design was used, in which one group of adult ESL learners received 12 hours of affective strategy instruction and the second served as a comparison group. All participants interacted with an interlocutor to complete oral information-gap tasks (narrative description, object description) on three occasions, at five-week intervals. The following questions formed the basis for this research:

Does affective strategy training lead to improved L2 performance (success, speech rate, message abandonment)?

Does affective strategy training lead to a greater sense of task self-efficacy and self-efficacy for learning?


ESL Students

The participants (16 men, 15 women) were intermediate ESL learners assessed at Canadian Language Benchmark 7 (Pawlikowska-Smith, 2000) and registered in full-time ESL classes in a post-secondary institution. They ranged in age from 19 to 59 years (mean = 35 years), came from varied first language backgrounds, and had been in English-speaking Canada for an average of 4.3 years. Demographic details appear in Table 1. [-4-]

Online The effects of affective strategy training in the esl classroom

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How do I place a trade?

You have two ways to place a trade:

Online Investing Site: To use our online investing site, visit our Home Page and click on the Online Trading Sign-In link.

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How do I find out why an order has been rejected?

Pease review the "Rejected" hyperlink from your order status screen in the online investing site. For clarification or further details, please contact an investment services representative at 1-800-769-2560 .

What are the different types of orders I can place?

How do I remove a worthless security from my account?

If you deem a security in your account to be worthless, it has no market value and it is no longer trading on a recognized stock exchange, you may choose to have it removed from your RBC Direct Investing Investment account.

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Forex carry trade strategies

Forex carry trade strategiesForex Carry Trade Strategies

Updated: June 27, 2013 at 5:15 AM

In general, the forex trading strategy known as the "Carry Trade" refers to an increasingly widespread forex trading strategy that is usually implemented over longer term time frames and involves taking advantage of the interest rate differential prevailing between two currencies.

Furthermore, using such an interest rate strategy in your forex trading will make the most sense if you use a forex broker that provides particularly attractive rates on rollovers for the currency pair you are most interested in putting on a carry trade with.

Profiting From Interest Rate Differentials

Since carry traders basically look to capture the interest rate differential between two currencies, as well as hopefully some additional appreciation from favorable exchange rate movements, they need to choose their pairs wisely based on two primary criteria.

The first is the magnitude of the interest rate differential itself. The absolute value of this differential can be readily computed by subtracting the higher interest rate from the lower interest rate for each currency involved. The interest rates used will be those prevailing for Interbank deposit rates for the time period during which the carry trade will be kept on for.

The second consideration is the likelihood of appreciation of one currency versus the other. Since carry trades tend to be longer-term positions, a combination of fundamental and technical analysis is often used to arrive at this forecast.

For the best carry trade scenario, you will want to choose the highest interest rate currency that stands the best chance of appreciation against the lowest interest rate currency according to your forecast for the future exchange rate over your time frame of interest.

Carry Trade Profits and Risks

Not only do carry traders hope to capture the resulting favorable interest rate differential or "positive carry" as it is often called, but they usually also plan on benefitting from interest rate compounding effects, as well as from any currency appreciation seen.

The sum of these factors at the time the trade is closed out will determine their profit or loss on the carry trade.

In terms of risk management, the interest rate differential provides something of an initial protective buffer against losses that might accrue due to adverse exchange rate movements. Nevertheless, stop losses can be placed at strategic points that stand a reduced chance of being executed as an additional form of risk management. Learn more about the risks with carry trading.

Additional Profits or Costs of Rollovers

Rollovers of currency positions tend to be executed automatically by most online forex brokers if the position is held over the time of 5 PM Eastern Standard Time.

An automatic rollover means that the broker will automatically close out your existing forex position for value spot and roll it forward for value one additional business day in the future. Since rollover rates can vary substantially among forex brokers, make sure you choose a broker with competitive rollover rates if you intend to put on carry trades.

Generally, when forex traders have their currency positions rolled, they will get paid pips to do so if they are holding the higher interest rate currency. On the other hand, if they are holding the lower interest rate currency, they will pay pips away when their position is rolled over.

Hedged Carry Trades

Yet another type of carry trade involves hedging one long carry trade with another short carry trade using different currency pairs that are closely correlated and which results in a net interest rate benefit to the overall position.

For example, a hedged carry trader might exploit interest rate differentials between well correlated currency pairs like the following:





Such hedged carry trades are often highly leveraged to make them worthwhile, thus much more risky. Nevertheless, the main risk to this hedged carry trade strategy arises if the correlation between the pairs breaks down for some reason and subsequently results in losses. Remember that the correlation risk is of course not the only risk factor to consider, just one of them.

The Effect of Risk Aversion and Appetite on the Carry Trade

When risk aversion prevails among investors in the forex market and exchange rate volatility is high, the carry trade often starts to look less attractive since the riskier currencies to invest in tend to have higher interest rates.

On the other hand, when all seems well in the world and more stability has returned to the currency market, the risk appetite of investors then tends to increase and they start looking for higher returns on their money, even if it means taking more risk.

The Benefit of Compounding Interest

Another interesting element that favors the carry trade is the possibility of compounding your interest on a daily basis by rolling your carry trade positions over each day.

When the rollover spreads available for doing so are reasonably competitive, this can provide even more income for the carry trade compared with just rolling the carry trade position out for an extended period using a forex forward contract.

Risk Statement: Trading Foreign Exchange on margin carries a high level of risk and may not be suitable for all investors. The possibility exists that you could lose more than your initial deposit. The high degree of leverage can work against you as well as for you.

Online Forex carry trade strategies

Forex market regulatory agencies

Forex market regulatory agenciesForex Market Regulatory Agencies

Updated: May 16, 2013 at 10:22 AM

With the exception of currency futures and options traded on exchanges like the Chicago IMM, foreign exchange trading generally takes place in a remarkably decentralized manner. Essentially, the forex market has no formal exchange or location, despite being the largest capital market in the world.

In fact, the majority of forex trading occurs on a huge global telephone and electronic communication network or ECN where banks and other major participants trade forex 24 hours a day, five days a week.

Despite the enormity of the volume traded on the forex market, it remains one of the last largely unregulated financial markets, with no international organization or agency overseeing Interbank trading activity which is ongoing and global in its scope.

This comparative lack of regulation provides considerable benefits to forex traders, since a number of strategies that are prevented by regulation in the stock market are readily available to them.

Regulatory Agencies in Specific Countries

Nevertheless, a number of regulatory agencies exist in several countries which oversee the foreign exchange operations in their countries, and specifically those dealing with customers like forex brokers.

These agencies also usually prosecute cases involving fraud or other breaches of their rules. Specifically, these regulatory agencies include:

U. S. National Futures Association - consists of an industry wide self regulatory organization for the U. S. futures industry. The NFA's objective is to protect investors and safeguard the integrity of the markets. Because currencies are considered commodities and trading is for two-day delivery in the spot market, forex brokers must register as Futures Commission Merchants or Commodity Trading Advisors with at least one U. S. regulatory agency. Other forms of registration include Introducing Broker and Commodity Pool Operator.

U. S. Commodity Futures Trading Commission - an independent agency of the U. S. government, this agency oversees all forex brokerage companies doing business based in the United States. The agency actively enforces its regulations and prosecutes companies engaged in fraud in the forex market.

U. K. Financial Services Authority - the regulator of the financial services industry in the United Kingdom, the FSA is the United Kingdom's analog of the U. S. CFTC.

Swiss Federal Department of Finance - is a Swiss government agency which oversees and regulates financial institutions in Switzerland.

Swiss PolyReg - is a self-regulatory body recognized by the Swiss Federal Money Laundering Control Authority which acts to regulate all persons and legal entities domiciled in Switzerland that act as financial intermediaries.

Australian Securities Investments Commission - also known as ASIC, the Commission regulates Australia's corporate, markets and financial services. Basically, the ASIC is the Australian version of the U. S. CFTC and FSA all rolled into one agency.

Furthermore, within the European Union, each member country is responsible for regulating its local financial markets in conformity with the E. U.'s Markets in Financial Instruments Directive or MiFID. Also the MiFID "passport" concept allows companies regulated in one E. U. country to offer services to customers located in another E. U. country.

Forex Brokers and Regulation

Generally, if a forex broker has a registration in good standing with the CFTC, NFA, ASIC, FSA or a similar agency in another EU country, and it has already been doing business in the forex market for some time, this is a positive indication that some legal recourse might be available in the event of a dispute arising.

Nevertheless, even regulated and well-established companies sometimes get caught engaging in fraudulent behavior. Many customers of the now-defunct Refco forex broker found this out the hard way since their funds were comingled with the broker's thereby preventing recovery when it was bankrupted by a major fraud.

Accordingly, make sure to double check a broker's credentials, policies, reputation and business standing before committing any of your hard earned funds to an account with them.

Risk Statement: Trading Foreign Exchange on margin carries a high level of risk and may not be suitable for all investors. The possibility exists that you could lose more than your initial deposit. The high degree of leverage can work against you as well as for you.

Online Forex market regulatory agencies

Tagged with scottsdale trading classes

Tagged with scottsdale trading classesOnline Trading Academy’s Macroeconomics Expert to Speak about America’s Economy

Online Trading Academy’s Phoenix franchisee and professional trading educator, Ken Beckrich, will present “America at the Crossroads: Where are we and What Does it Mean for Your Money?” to members of the American Association of Individual Investors (AAII) and to the public on April 14, 2012 at the Franciscan Renewal Center in Scottsdale, Ariz.

“America at the Crossroads” describes America’s current macroeconomic state and its likely future course. The presentation will discuss how this future will affect the wealth of both traders and investors by providing an analysis of various asset classes (stocks, real estate, bonds, futures, etc.), including the pros and cons of each over the next decade. The lecture will conclude with a special emphasis on defensive strategies for trading during tough economic times.

Online Tagged with scottsdale trading classes

10investments for high rollers

10investments for high rollers10 Investments for High Rollers

If you have the dough, you may want to roll the dice and see if your returns grow.

It you’re looking to gamble and place your bets on a high-roller investment, who better to talk to than a financial advisor based in Vegas, baby?

“As an investor, looking at situations where the risk-reward possibilities are dramatically in your favor can result in some potentially lucrative results,” says Yale Bock, founder and president of YHC Investments in Las Vegas and a manager of two portfolios on Covestor, an online investment management platform.

Note the words “can result.” Bock and other investment mavens caution that there’s never a sure thing when it comes to big returns. But if you have the stomach for rolling the dice, you might just reap returns that are nice – really nice. Here are 10 investments primed to either rock your portfolio or sink it like a stone in 2015:

1. Liberty Broadband (symbol: LBRDA). This spinoff of Liberty Media has a 25 percent stake in Charter Communications, and that’s where it gets interesting. “Charter has an agreement with Comcast to buy and swap cable assets, as long as Comcast’s buy of Time Warner Cable gets regulatory approval,” Bock says. “If it goes through, Charter will eventually become the second-largest cable company in the U. S. and their subscriber numbers will nearly triple.” If it doesn’t go through, Bock thinks Charter may look for another acquisition opportunity, but it will also face the risk of erosion in its core cable business.

2. Energy-related junk bonds. The bonds of many exploration and production companies are selling at huge discounts, says David Twibell, president and founder of Custom Portfolio Group in Englewood, Colorado. “Buying these bonds now at discount prices not only locks in their high yields, but provides an opportunity for capital appreciation when oil prices recover. Don’t expect energy bonds to recover overnight. You’ll likely need to hold onto these for a year or more. But for capital gains that could top 10 percent, along with a similar yield for the duration of the bond, that’s not a bad bet.”

3. Bet the dollar against the yen. Foreign exchange is always trickier than it looks. But the Japanese currency is in crisis, says John O’Donnell, chief knowledge officer of the Online Trading Academy, based in Irvine, California. “I think the yen is going to decline, so I want to be short on the yen and long on the dollar,” he notes. “Japan’s in deep, deep financial trouble. They’ve been in and out of serious deflation pockets for 24 years. Their total debt as a percentage of [gross domestic product] is a disaster. We’re now at about 115 yen to the dollar, and I see no reason why we won’t go to 200. The Japanese economy is a bug in search of a windshield.”

4. Bet the dollar against the euro. The hot news is that the European Central Bank will begin quantitative easing. And that presents a hotter opportunity, says Jeff Sica, founder, president and chief investment officer of Circle Squared Alternative Investments in Morristown, New Jersey. “With the U. S. already finished with its own easing program, I expect the dollar to gradually strengthen, especially versus the now-weakened euro,” he says. As for the time frame, “I see this short of the euro working now and throughout 2015,” Sica says.

5. Gold, silver and platinum. These precious metals are already conducting a stealth rally in 2015, says Paul Irvine, the Kleinheinz endowed chair in international finance and investments at Texas Christian University’s Neeley School of Business. “As ‘permabear’ [and Swiss fund investor] Marc Faber puts it, he’d like to short central banks in 2015 but can’t do that directly. The best way to short central banks is to own gold, silver or platinum. You should already be positioned,” Irvine says.

6. Alibaba (BABA). The $25 billion initial public offering of China's biggest online commerce company made history in 2014 as the largest on record. But there’s more history to be made, says Ron Weiner, founder, president and CEO of the RDM Financial Group in Westport, Connecticut. and Boca Raton, Florida. “Alibaba is the next Amazon on The Street, without having inventory,” Weiner says. While it’s a mid-term investment, he still thinks Alibaba could see “returns in excess of 30 percent over the next 12 to 24 months, and there could easily be more.

7. Seventy Seven Energy (SSE) . When you're making a gamble, it’s hard to resist betting on sevens. Heavy insider buying of stock in this oil field supply and services firm is the key here, according to Jim Osman, CEO of The Edge Consulting Group in London and New York. “Insiders continue to accumulate SSE at lower levels,” Osman says. “But the market is valuing SSE more in relation to the steep fall in the crude oil prices and expectation of even lower prices in the near future.” His advice is to ignore the naysayers and trust the insiders, who’ve paid as little as $6.18 a share in December for a stock he predicts could hit $16.37.

8. Classic cars. Who says high-rolling can’t be fast-rolling, too? “Classic cars are a passion investment likely to produce enormous returns,” says Paige Stover Hague, a principal in Crowninshield Consulting in Boston. Data from the Historic Automobile Group International shows that “rare historic” cars appreciated by nearly 16 percent in 2014. “This large appreciation rate is thought to be due simply to supply and demand. The amount of classic car investors is on the rise, and the amount of collectible cars is staying pretty much the same,” she says.

9. Biglari Holdings (BH). Do you like Steak ’n Shake or Cracker Barrel? You may want to take a bite out of this San Antonio company, which owns all of the former and 20 percent of the latter. “The interesting part of this position is you’re aligning with CEO Sardar Biglari, who has built a very good short-term record with undervalued companies,” Bock says. “But many investors don’t like his compensation structure and his absolute control of capital allocation.” Characterized as combative and controversial – his move to standardize Steak ’n Shake menus prompted lawsuits from some franchisees, for example – Biglari is also a Warren Buffett acolyte. So perhaps some of that Omaha Oracle pixie dust will supercharge his holdings, which also include Maxim magazine.

10. Contemporary art. You don’t have to be an art lover to fall for the potentially enormous returns. Hague points out that the market came off a record-breaking stretch in 2012 to 2013, when sales rose 33 percent. Over the last 10 years, the market has seen a 1,078 percent increase, according to Hague, who cites Artprice’s Annual Global Index report for 2013-2014. But you have to be very wealthy to afford the work of established artists such as Jeff Koons. That could mean speculating on lesser-known names. “Just as with any form of investment, good decision-making requires a great deal of research and consultation with key people who have their finger on the pulse of the market,” Hague advises.

Online 10investments for high rollers

Foreign exchange

Foreign exchangeForeign Exchange

At ICICI Bank, we understand that foreign exchange is one of the most important requirements for you while travelling abroad. Also arranging for foreign exchange can sometimes be cumbersome. Hence, we bring to you Foreign Exchange Services that meet all your forex requirements with utmost ease and convenience.

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- Wide range of products - Outward Remittance in form of Foreign currency

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Foreign Currency

It is a good idea to have some foreign currency with you before you leave the U. S. to cover immediate expenses such as taxis, meals, or tips. You can avoid the hassle of exchanging currency upon arrival as some airports and train stations don't have exchange offices, or could be closed when you arrive. When you return, we can often buy back any of your unused foreign currency banknotes.

Foreign currency is available for over 100 countries, with over 70 currencies available through our online order site

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Foreign Currency Wire Transfer

Foreign exchange

Nigeria’s central bank pioneers a new method to shore up the local currency 14

Stockmarket turmoil in China need not spell economic doom. But it does raise questions far beyond the country’s shores 65

The rupiah and ringgit plumb depths unseen since the Asian financial crisis 23

Democracy in America November 14th, 3:01

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International November 13th, 17:26

Middle East and Africa November 13th, 17:22

The Best Forex Trading Tips and Tricks

Now a days several people are showing their interest towards Forex trading because it is the great way to earn huge profit. In every business you need a perfect strategy with planning, as such forex trading is very complicated one so you need better tips and tricks that can make youre trading successful.

The best thing about Forex trading is that you can trade or earn money through online. Online trading is easy but huge risk is involved in it, so you need a perfect tip that changes you into a professional trader.

One of the most efficient Forex trading tips for new trader is to buy currencies at low prices and sell it at high prices. As far as trading in Forex is concerned, you dont need to buy the foreign currencies. In this trading system you use contracts intended for the amount and exchange rate of that pairs of currencies. Trade Forex becomes so popular and profitable as compared to stock market because currencies are fluctuating every day so this allows you to gain profit on a daily basis.

Another most crucial tip for beginner is to keep your planning and strategies easy and simple. If you choose very difficult strategy that you dont even understand properly then you will soon face failure in your trading. Particularly you have to be updated always with the market trends.

Discipline and patience are the two most important factors to become a successful Forex Trader. You need to patient and wait for the high odd trades and grab the opportunity when it occurs. Try to cut your losses quickly by a winning trade and dont try to get your back loss money. Professional or expert trader are not paying attention in winning every trade, they are interested in increasing their preserve money.

The last but not the least tips for traders are to be patient. You dont need to invest all your money at your starting point. Read the reviews of professional traders this will help you a lot but be careful while reading this reviews, make sure that the reviews which you are reading must be unbiased and meaningful.

For more information about Forex Trading. Please visit ufxbank/

Our comprehensive range of product and solutions could be combined and customised to meet your business’ specific growth ambitions and financial objectives.

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You could capitalise on growth opportunities by leveraging the global expertise and in-depth knowledge of our experienced capital financing solutions specialists.

Stay current on how economics, currencies, equities, fixed income and climate change impact investors with our high-quality research and analysis.

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Update on the malaysian forex market

Update on the malaysian forex marketAdvertising

Since becoming independent in 1957, Malaysia’s economic growth has been one of the best in Asia. From 1957 to 2005, real GDP grew annually by 6.5%. Since then, the country has continued to see impressive growth rates between 5-7%. The economic growth has led to a solid capital markets structure with local exchanges trading equities and derivatives. As the largest producer and exporter of Palm Oil in the world, Malaysian exchanges have partnered with commodity exchanges around the world to create and trade futures of local agricultural products.

Due to the penetration of equity and futures trading within the local market, the forex industry has also seen success in Malaysia. Forex trading was initially introduced to Malaysia in early 2000 with the advent of online trading terminals. Malaysians that were familiar with global products from the US and UK markets began to start trading forex with brokers such as FXCM, GNI, and Deal for Free. By 2005, brokers caught eye to the growth in the Malaysian market and began to market directly to the local market. Traders were attracted to the mini-lot sizes and vast moves in currencies. Brokers were attracted to $5000 minimum account sizes traders were willing to deposit to get started. This led to the arrival of many foreign brokers that were eager to do business in the country.

Among this wave of entrants, Russian and Eastern European brokers were well represented. They included FXOpen, Exness, and InstaForex. As can be imagined, there was also an increase of un-regulated brokers that were eventually exposed as scams that had targeted Malaysian traders. The most popular brokers though were from the UK and included ODL and Alpari UK. However, due to the lengthy account opening process caused by UK regulations, trading with UK brokers was primarily done by serious traders.

Along with foreign brokers that market to Malaysia, Forex Magnates estimates that there are currently around 150 IB’s doing business in the local market, a total of around 120,000 retail clients. Total volumes are estimated at $500-750 million/day. The low volumes in relation to the quantities of traders are due to the low typical account sizes.


Currently, there are plenty of marketing channels for forex brokers in Malaysia. The most popular are through trading forums where many new traders are seeing the potentials of becoming IB’s and are setting up websites to educate new traders. Aside from the traditional online marketing methods, social media has become an increasingly popular advertising tool for brokers. The country has 12 million Facebook uses which accounts for 70% of internet users. Also, smart phones are beginning to dominate the market with a current 45% market share. As such, there is a growing opportunity for forex brokers that are marketing social based and copy trader products.

Due to the increase of scams and complaints to the government, the Malaysian central bank, Bank Negara has raided and arrested individuals accused of fraud. The central bank has also posted warnings about forex trading on its website and on January 2010 took steps to prevent traders from sending money outside of Malaysia. Since 2010, foreign brokers have decreased or removed altogether their physical local presence in Malaysia. Nonetheless, since Malaysia hasn’t acted as of yet to regulate the forex trading, the local market continues to grow. If and when they do act to regulate, the local forex scene is expected to change quickly. Depending on what laws are passed, IBs and affiliates may find conducting business harder. Or, higher growth could occur, as a regulated forex product could lead to increased comfort among traders with the asset class.

This article is an adoption of our much larger report on Malaysia in our Q2 Forex Market Report .

Online Update on the malaysian forex market

Core services

Core servicesPLAN FEATURE


As soon as you receive this follow-up message or got to aware of that recommended price is triggered by yourself, our recommendation is you have to buy 2 LOTS OR in multiples of 1 as per your capital and immediately place your stoploss at mentioned price.

Target 1 & Target 2

When Target 1 reaches, we will send the follow-up message as follows.

ABAN 420CE Bought at 10, T1 15 achieved. Book half profit. Modified SL: 10. Time Sent: 11:29:04 AM TrendMarket. in

As soon as you receive this follow-up message or got to aware of that targat 1 reaches by yourself, you have to book 1 Lot and immediately modify your stoploss at the mentioned rate or BUY/SELL rate.

When Target 2 reaches, we will send the follow-up message as follows.

ABAN 420CE Bought at 10, T2 20 achieved. Book full profit. Time Sent: 11:52:08 AM TrendMarket. in

As soon as you receive this follow-up message or got to aware of that targat 2 reaches by yourself, you have to book remaining 1 lot.

Book Partial Profit & Book Full Profit

Say with the above sample tips, NIFTY is trading around 5222, and market is too volatile. To safe gaurd you in volatility, we may think it is better to book partial profit and modify the stoploss to recommended price.

Following is the format you will receive for Book Partial Profit.

ABAN 420CE Bought at 10, Book partial profit at CMP or 14; Modified SL 10; Time Sent: 11:27:58 AM TrendMarket. in

As soon as you receive this follow-up message, you have to book 1 LOT and immediately modify your stoploss at the mentioned rate or BUY/SELL rate.

You have to book the remaining lot when you receive the follow-up message to book full profit.

Following is the format you will receive for Book Full Profit.

ABAN 420CE Bought at10, Book full profit at CMP or 18; Time Sent: 12:33:08 PM TrendMarket. in

Note: In some scenarios, we may ask you to book full profit before Target 1 reaches or partial profit. We may get into this kind of scenarios when we feel market is extream volatility and to safe gaurd from any uncertain events. In this case you have to book 2 full lots.

Stoploss & Exit Call

Stoploss is a part & parcel of trading and is the powerful mechanism to protect you from huge loss. We always recommend you to place the stoploss as soon as you take the position.

Following is the follow-up message format, when stoploss hits

ABAN 420CE Bought at 10, stoploss 4 triggered. Exit. Time Sent: 11:27:58 AM TrendMarket. in

As soon as you receive this follow-up message, you have to exit 2 LOTS immediately.

Sometimes we may feel it will hit stoploss because of volatility in market and we may ask you to exit before it hits stoploss in order to avoid huge loss.

Following is the format of exit call.

ABAN 420CE Bought at 10, exit at CMP or 8; Time Sent: 12:33:08 PM TrendMarket. in

Online Core services

Online trading tokyo stock exchange-best auto traders reviewed

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Learn about forex

Learn about forexA Review of Daniel Walkers Foreign Currency Trading System

Daniel Walkers new Forex Trading Course

Are you frustrated ending the trading week loss after loss while thousands of other traders are winning?

Have you been looking on the internet for that one indicator that will grow your account?

Nothing seems to work, and youre starting to lose hope in forex


But if youre willing to take the time and effort to learn then THIS is for you!

You need to get the Edge on other Forex Traders by Modeling your forex trading system like that of a successful and experienced currency trader.

Daniel Walker is introducing his new Forex Edge Model Forex Trading Course which is going to go on sale January1, 2014.

This isnt some magical EA thatll make you millions while you sleep.

This is a pure mechanical system Youll easily see where the market is going and join in by following simple yet high probability buy or sell signals.

Indicators showing buy and sell points

Dan has given me a special link to his live trades page where you can see how some of his students are doing.

The course contains 5 modules:

The quickest way to growing your trading account is through a high probability indicators found in Forex Edge Model

And also a Quick Start Manua l

Theres a reason why this is THE system thousands of forex traders are talking about right now.

I cant tell you much more about it Daniel hasnt released much details about it, however heres why this system is unique:

*No averaging down

*Works on all market conditions

*Works on all time frames

*Highest win rate of any system available

*Minimizes risk tremendously

*So easy to trade a 10 year could trade it

*Absolutely no repainting

*Only trade with the highest probability

*No interpreting weird numbers and lines

This is by far the most complete system out thereand its the only system thatll make you pips while allowing you to trade only an hour a day.

For more detailed information or to buy the Forex Edge Model go here .

All you need to do is enter a trade when the indicators give you a signal, sit back and do whatever you want while your trading account grows.

As I mention on all of my other pages, all trades are managed by you. You have to enter the trade and exit the trade. The only way to do this on a consistent, successful fashion is through education .

You must control the emotions and use educated evaluations to complete a successful trade.

Daniel is offering you the tools to make those choices and decisions but it up to you on how you use them.

The Forex Edge Model is an excellent program and I would encourage you to purchase it. Its a small investment when considering the potential losses without it.

Daniel is going to limit the number of sales on the initial offering on January 1, 2014 . He may re-open at a later date but he wants to be sure that he can provide support to all that purchase. There is a huge buzz among the Forex trading community and many traders are waiting for this release, so I would encourage you to jump in early to make sure you can get the advantage that this Fx trading system will give you.


Forex Tax Tips: Reporting Trading Gains and Losses to the IRS

Posted by Riverman

As I fired up TurboTax and prepared to do my taxes this year, I found myself mystified about how to report forex gains and losses from the spot currency markets where I do my trading. My currency broker had sent me an IRS 1099-B form reporting my overall gains for the year, but didnt provide any detail on their cost basis, dates, or anything else beyond the cumulative total gain of all my trades. I didnt know if there was any other information Id need to report to the IRS, or where in my tax forms to report it. I assumed Schedule D, along with the rest of my investment earnings, but wasnt sure.

So I went poking around online for free advice on how to handle my forex taxation conundrum (or FTC, for short). In short order, Google delivered me to an excellent article by Robert Green, CPA. Its a pretty comprehensive overview of tax treatment of different types of investments, and it has a subsection on forex that I found very helpful. In particular, this sentence cleared a few things up nice and quickly: Traders in forex, both forward and spot contracts, are by default subject to ordinary gain or loss treatment under IRC 988 (foreign currency transaction rules).

Green goes on to discuss ways that forex futures traders can file their gains under Section 1256 of the IRS code to avoid paying at ordinary tax rates. To do so, they would divide their gains and losses between 60% long-term gains (and thus taxed at a lower rate) and 40% short-term gains (taxed at the higher ordinary rate), substantially lowering the overall tax rate on their trades. Green notes that these rules could arguably be applied to the spot forex markets as wellwhich is where things get complicated.

Some further reading in an essay by Jim Forrester of Traders Accounting only succeeded in confirming that the simplest, least controversial way for a spot (or cash) forex trader to file their trades is as ordinary, short-term gains or losses. But Forrester also makes the point, alluded to in Greens article, that the IRS enables you to opt out of Section 988 [ordinary gains], and thereby retain the favorable 60/40 split for these gains under Section 1256. How you do this is a somewhat complicated process, but if its worth it to you to save those percentage points on your taxes, Forresters accounting firm will be happy to help you out.

As for me, I didnt have huge forex gains to report, and I didnt feel like breaking any new ground in IRS policy, and I didnt feel like paying someone to clarify the difference between Section 988 and Section 1256, and I definitely didnt want the IRS calling me up and asking me to explain why Id opted to account for my spot forex trades with forex futures rules. So I decided to keep it simple and safe and go with ordinary tax rates all the way.

But just to be sure, I went right to the source and called up the IRS. I was pleasantly surprised at how quickly I got a live person on the line, and after bouncing between a few people and clarifying some other tax issues (no, I couldnt double-count mortgage interest as both an itemized personal deduction and a home office business deduction), I got to the IRS employee with all the investment answers. I described my forex trading activity and the 1099-B form Id received, and his answer was unambiguous: report the gains on Schedule D. Report them as short-term gains. Pay taxes at the short-term gain rate. Describe them as gains from currency investments. End of story.

(If youre ever befuddled about how to report an item on your taxes, I highly recommend calling up the IRS and describing your dilemma in excruciating detail. They wont mind in fact theyll probably ask for even more excruciating detail; theyre required by law to answer your question (provided its about taxes); and afterwards youll feel reassured that you got the official line on the matter. Which is definitely one of the first things youd want to mention to an IRS auditor if they ever show up at your door.)

Anyway, I hope this rambling taxation narrative was helpful or at least that those links I provided to real tax advice are. Just keep in mind that this is merely a personal account of my own research into forex tax issues, and for Gods sake dont take it as the final word on the subject. And now, please read the friendly disclaimer below. And then re-read it.

**DISCLAIMER: This post is simply an informational article intended for educational purposes and does not constitute tax advice from a licensed tax preparer. Be sure to consult an accountant or tax professional specializing in forex trading with any tax questions before reporting your trading gains or losses to the IRS.**

***This article was posted 3/1/2007, tax laws may have changed.***

What is Forex?

The Foreign exchange market, also known as “Forex” or “FX” is the largest financial market in the world. With a daily trading volume hitting $5 TRILLION usd per day, it has an intake that is over 233 times larger than the New York Stock Exchange (NYSE).It is this volume of liquidity that gives FX markets an element of predictability over the Stock Exchange. Essentially trading Forex is instantaneously purchasing one currency whilst selling another. For a retail trader to make money, they have to successfully predict the way price moves. Interestingly, traders can make money whether price goes up or down price just has to move, as it does regularly.

Can You Trade Forex?

Anyone, any age, anywhere can trade it doesnt matter whether you have any previous experience of trading or not: you dont need any qualifications: you dont need to be great with numbers or computers. All you need is internet access and the aptitude and the mechanisms to learn some new skills. You will need a little time and patience at the start while you learn your new skills, but then again while you didnt learn to swim or ride a bicycle at the first attempt, once you learnt, those skills stay with you for life. And that is how trading is. Once youve learnt, theres no reason why you cant continue making money, for life.

What Will You Learn?

BeAtrader will teach you essential skills and strategies you need to be a successful trader. You will be taught how to identify trends and potential trades, how to spot entry and exit points and how to risk manage properly; in fact we will show you everything you need to know about how the top traders operate, so that you can not only copy what they do but also do as they do.

The Benefits of Trading Forex?

Online Learn about forex

Quantitative research-trading

Quantitative research-tradingQuantitative Research Trading

Stochastic Volatility Models

Using Volatility to Predict Market Direction

Decomposing Asset Returns

We can decompose the returns process R t as follows:

While the left hand side of the equation is essentially unforecastable, both of the right-hand-side components of returns display persistent dynamics and hence are forecastable. Both the signs of returns and magni tude of returns are conditional mean dependent and hence forecastable, but their product is conditional mean independent and hence unforecastable. This is an example of a nonlinear common feature in the sense of Engle and Kozicki (1993 ).

Although asset returns are essentially unforecastable, the same is not true for asset return signs (i. e. the direction-of-change). As long as expected returns are nonzero, one should expect sign dependence, given the overwhelming evidence of volatility dependence. Even in assets where expected returns are zero, sign dependence may be induced by skewness in the asset returns process. Hence market timing ability is a very real possibility, depending on the relationship between the mean of the asset returns process and its higher moments. The highly nonlinear nature of the relationship means that conditional sign dependence is not likely to be found by traditional measures such as signs autocorrelations, runs tests or traditional market timing tests. Sign dependence is likely to be strongest at intermediate horizons of 1-3 months, and unlikely to be important at very low or high frequencies. Empirical tests demonstrate that sign dependence is very much present in actual US equity returns, with probabilities of positive returns rising to 65% or higher at various points over the last 20 years. A simple logit regression model captures the essentials of the relationship very successfully.

Now consider the implications of dependence and hence forecastability in the sign of asset returns, or, equivalently, the direction-of-change. It may be possible to develop profitable trading strategies if one can successfully time the market, regardless of whether or not one is able to forecast the returns themselves.

There is substantial evidence that sign forecasting can often be done successfully. Relevant research on this topic includes Breen, Glosten and Jaganathan (1989), Leitch and Tanner (1991), Wagner, Shellans and Paul (1992), Pesaran and Timmerman (1995), Kuan and Liu (1995), Larsen and Wozniak (10050, Womack (1996), Gencay (1998), Leung Daouk and Chen (1999), Elliott and Ito (1999) White (2000), Pesaran and Timmerman (2000), and Cheung, Chinn and Pascual (2003).

There is also a huge body of empirical research pointing to the conditional dependence and forecastability of asset volatility. Bollerslev, Chou and Kramer (1992) review evidence in the GARCH framework, Ghysels, Harvey and Renault (1996) survey results from stochastic volatility modeling, while Andersen, Bollerslev and Diebold (2003) survey results from realized volatility modeling.

Sign Dynamics Driven By Volatility Dynamics

Let the returns process R t be Normally distributed with mean m and conditional volatilit y s t .

The probability of a positive return Pr[R t+1 >0] is given by the Normal CDF F=1-Prob[0,f]

For a given mean return, m. the probability of a positive return is a function of conditional volatility s t . As the conditional volatility increases, the probability of a positive return falls, as illustrated in Figure 1 below with m = 10% and s t = 5% and 15%.

In the former case, the probability of a positive return is greater because more of the probability mass lies to the right of the origin. Despite having the same, constant expected return of 10%, the process has a greater chance of generating a positive return in the first case than in the second. Thus volatility dynamics drive sign dynamics.

Email me at jkinlayinvestment-analytics for a copy of the complete article.

Online Quantitative research-trading

Simple quant trading strategies

Simple quant trading strategiesThere is a general principle that the answer to "Would this extremely simple strategy make money?" is "No". This is the "no free lunch" or "no arbitrage" rule. It isn't exactly a physical law, but it is a pretty decent approximation of reality. (A more nuanced version is, maybe it can make some money, but only in proportion to the difficulty, risk, and expense of executing the strategy.)

Lets say you do that last version: keep holding. Then consider the results. Classify stocks as "winners" if they generally trend up during a day, "mixed" if they bounce up and down, and "losers" if they generally trend down during a day. At the start of the day you have a portfolio of everything. But you soon sell out of the winners and mixed stocks for a tiny profit on each. By the end of the day you are only holding losers. Do you expect this to outperform the buy-and-hold-everything strategy? I would bet even without transaction costs it doesn't, and with transaction costs it throws away money like crazy.

Online Simple quant trading strategies

High return investments start with apowerful strategy of finding and investing in market leadership

High return investments start with apowerful strategy of finding and investing in market leadershipGet the best investment returns by consistently investing in leadership sectors.

Use the trading signals on individual sectors to outperform

Trade a single sector and get better investment returns using clear trend signals on any of the 131 different sectors we track. The trend signals used in the Sector Timing Report can be used for ETF sector trading by following the trend trading icons. The same signal formula is used to calculate the trend trading signals for each of the 131 different sectors within the report. The following table represents the signal trading results when applied to 5 of the oldest ETFs in existence.

Trade more frequently with the short term acceleration indicator

Catch strong trends in the act with the short term trend indictor we call the acceleration index. These trends generally last for a few months at a time so your portfolio will trade more frequently.

JAN 1, 1997 TO DEC 31, 2010

Online High return investments start with apowerful strategy of finding and investing in market leadership

Usd inr4hourly chart analysis

Usd inr4hourly chart analysisUSD INR 4 Hourly Chart Analysis

CMP. Rs48.9/Dollar

USDINR EOD chart is shown with 13-13 period Wilders Moving average. There is buy signal on the chart since 8th August as the candle closes above the upper channel Rs44.76 of the 13-13 Wilders moving average channel since then there is a strong uptrend(Weaker Currency) and had gained more than 10%. Now the current supports are near Rs48.6. Closing below 48.6 could offer shorting opportunity in USDINR

Rajandran is a trading strategy designer and founder of Marketcalls, a hugely popular trading site since 2007 and one of the most intelligent blog in the world to share knowledge on Technical Analysis, Trading systems Trading strategies.

Ahteshyam says

Online Usd inr4hourly chart analysis

5m kevinator retracement forex system

5m kevinator retracement forex system5M Kevinator Retracement Forex System

5m Kevinator Retracement Forex System is a forex strategy that is run based on the trend by using the multi time frame stochastic indicator see the current market trend. This forex system was used for major currency pairs only (EURUSD, USDCHF, GBPUSD, AUDUSD, USDCAD) in 5 minutes chart only. If the market is stepping up then you take buy retracement bars. If the market is stepping down you take the sell retracement bars.

Retracement bars are the magneta (purple) bars on the indicator on the bottom. If the market is stepping down you take the downward magneta bars as entry. If the market is stepping up you take the upward magneta bars as entry.

You can either enter the market (long term) when the mtf stochastics is changing directions and hold until trend is done or at any of the retracement bars going in the direction of the trend and hold (20-400 pips).

You can scalp the market by finding the direction of the current trend (stepping up or stepping down) and entering the retracement bars and taking 5 to 20 pips profit.

There are two ways to trade this system but the entry rules are solid. We have a solid method to define a trend (mtf stochastics) and a solid entry method ( enter on retracements).

It is up to you how much profit you take as you could be following a trend for days or just scalping all day long for short profits.

Online 5m kevinator retracement forex system

Trading strategy creator kuwait stock exchange historical data stock market graph types

Trading strategy creator kuwait stock exchange historical data stock market graph typesTrading strategy creator kuwait stock exchange historical data stock market graph types

Sticky Post By On May 23, 2015

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Trading strategy creator kuwait stock exchange historical data stock market graph types May 23rd, 2015

Online Trading strategy creator kuwait stock exchange historical data stock market graph types

Forex regulation in the usa protecting the financial interests of the little guy and the establishme

Forex regulation in the usa protecting the financial interests of the little guy and the establishmeForex Regulation in the USA: Protecting the Financial Interests of the Little Guy and the Establishment

Not so long ago it used to be that a forex broker operating in the US did not need to be regulated by any agency. For some it was a good thing that represented more freedom and innovation than any other industry; for others it was the "wild west" of trading. with unregulated forex firms representing a mix of good, bad and ugly. However, since the passing of the 2008 Farm Bill and later the Dodd-Franc Wallstreet Reform Act of 2010. the entire FX industry was given a complete overhaul. Now the NFA (National Futures Association) and CFTC (Commodity Futures Trading Commission ) are obligatory regulating organizations for the Forex brokers that are based in United States or want to legally deal with the U. S. residents.

The biggest change brought forth by the 2008 Farm Bill was the requirement for all retail forex brokers and introducing brokers to be regulated AND meet specific capital requirements. According to the bill, retail forex brokers will need to increase their capital by $20 million beginning 360 days after the enactment. Introducing brokers likewise need a sizable capital requirement or need to be vouched for by the retail forex firm. Consequently, many smaller retail forex brokers and introducing brokers who could not meet the capital requirements had to disappear. In this shakedown, only the biggest players were left standing.

In one respect, the large capital requirement of firms protects the client from the possibility of the broker going bankrupt, which had been a genuine fear. If the broker goes bankrupt, the client's funds would also be in jeopardy, and in liquidation. they would only get 2 cents on the dollar. Also the requirement to be regulated would force all firms to be more honest with their books and clients. Some of the regulatory benefits are:

NFA regulated brokers follow strict standards and procedures implemented by the NFA, which helps to ensures safety of client assets.

NFA regulated brokers cannot use client funds to carry out their business activities. They must backup all positions with their own capital or carry them over to the interbank market. Thus NFA brokers have to be large brokers with sufficient capital requirements (ergo, $20 mil capital requirement).

NFA regulated brokers submit their account balances to NFA at end of each week, and are subject to yearly audits.

NFA regulated brokers must have a licensed and specialty trained staff

In addition, requiring all brokers and dealers to register may go a long way towards minimizing fraud, which had been a plague for the industry.

On the negative side, the large capital requirement ensures the dominance of the largest brokers who started the industry and who already had the NFA in their pockets. The upstart Davids of the industry had to submit to the financial superiority of the Goliaths. No more small firms with better pricing, no more innovative platform features, no more competition. Industry insider lobbyists (i. e. the wealthy brokerage firms) approved of the legislation because it raised the bar to entry, prohibiting the upstart brokerages from entering into the rich boy club.

For a list of firms that are registered with the NFA and CFTC, click here.

With the passing of the Dodd-Franc Wall Street Reform Act of 2010 (signed into law by Obama in July 2010), the shift towards greater regulation foreshadowed in the 2008 Farm Bill was ratified and strengthened. The Act in a nutshell:

No over-the-counter foreign transactions, unless it is through a government-approved agency (NFA and CFTC).

No spot metals transactions (gold and silver), unless you plan to take delivery within 28 days. In other words, US traders will not be able to trade XAU/USD (gold) or XAG /USD (silver) in forex brokers in the United States.

Foreign brokers not registered in the U. S. will now be forced to terminate any and all relationships they may have with U. S. persons. In other words, the Act encourages all non-US brokers to shut their doors to U. S. persons, thereby hoping to prevent the U. S. person from taking his business elsewhere.

The removal of the "under 15 clients" exception for money managers and financial advisors.

Note: Even though the trading of forex and gold were not involved in the financial disaster of 2007, the event that produced Dodd-Frank, they nevertheless became the subjects for regulation and prohibition. Was this just accident, or was this intentional manipulation? The over-reach begs the question, and presents an interesting conspiracy theory as explanation.

Monopoly Conspiracy Theory 20Brokers/ChicagoGangster_ForexRazor. jpg" /%Perhaps the CFTC and CME (who authored much of the new legislation), felt their futures products threatened from the competition with spot forex and gold. If we remember Chicago's mob history, they didn't like their monopolies disturbed. If US traders want to trade forex, they must do so through the CFTC and any new restrictions it mandates (e. g. Reduced Leverage and No-hedging). If US traders now want to trade with gold, they must go trade the gold futures contracts at the CME. If US traders do not like these new restrictions, they are prevented from fleeing outside the borders, as the Act bullies foreign forex brokers from accepting US clients. Thus, the Chicago futures monopoly (CME and CFTC) uses its Washington allies (those responsible for the Farm Bill and Dodd-Franc, and Obama, who incidentally is from Chicago) to prevent competition with alternative financial products and providers, both internally and externally, and herd the bull and bear US traders back through its own gates.

The 2008 Farm bill and subsequent Dodd-Franc Act of 2010 gave the NFA and CFTC tremendous leeway in crafting rules governing this new financial services category, and with this new found charter, these two agencies came up with two more tough rules, implemented in 2010, both ostensibly designed to protect the trader against himself, but both threatening at the time to dismantle the powerful advantages of forex:

1) Leverage Restriction

The NFA and CFTC had wanted to cut the leverage down to 10:1 from the previously normal 100:1. If they had gotten away with this, they would have effectively made trading currency futures (at 25:1 leverage) more attractive than trading spot forex. Was this their "secret" intention, even though their stated intention was to protect the greedy trader from himself? After much flak from industry insiders, they conceded to cut the leverage down to 50:1 for the majors, 20:1 for the minors .

When I first learned of the leverage restriction, I was very upset. A 100:1 leverage for forex was a powerful advantage over all other markets, as it could enable the trader to take advantage of higher leverage in cases of opportunity, hardship, or diversification. That being said, a prudent trader should never use more than 2:1 leverage per trade anyway, and no more than 5:1 in aggregate positions, so a leverage reduction to 50:1 should not crimp a professional money management style. A leverage restriction to 10:1 would have been intolerable.

2) Anti-Hedging (FIFO) Restriction

The NFA enacted rule 2-43(b) which effectively eliminates hedging by forcing brokers to close trades on First In, First Out (FIFO) basis. Basically, if you open more than one position on a currency pair. you must close the first before closing the second one. Thats the NFAs not-so-straightforward way of preventing hedging. Their position is that hedging provides no economic benefit. However, the rule has the secondary impact of preventing a trader from having multiple strategies on the same pair in the same account.

In theory, this anti-hedging (FIFO) restriction would seriously affect you if 1) you are using hedging techniques; and/or 2) you have more than one position on a specific currency. Many traders do hedge. and many more (myself included) have more than one position on a specific currency. I definitely did not like this rule when it first came out.

However, things did play out better in practice. Some of the smarter US brokers managed to escape how this anti-hedging (FIFO) rule affected their clients. Some US brokers were lucky enough to have subsidiaries abroad, so they already bypassed the new rules. Other US brokers found a method of compliance that sorted out the hedging rule in the backend, so you need not worry about it.

For instance, Scott Wang of Forex Verified has created a cool US Broker Comparison Chart to organizes how the top US brokers deal with the FIFO and NO-Hedging rules (information current as of Oct 14,2010):

Online Forex regulation in the usa protecting the financial interests of the little guy and the establishme

Sample reports by industry

Sample reports by industryFC PORTFOLIO

Account for all your investments

Tracking your complex investment holdings and strategies requires flexible tools. FC Portfolio software has the flexibility to handle whatever your portfolio holds. Organize your data to efficiently account for all of your assets, making it easy to perform all of your tax and reporting tasks. With FC Portfolio, your reports:

Show asset allocation

Track performance

Compare to industry benchmarks

Identify PL items from each investment

Prepare Schedule D

Consolidate reports

Calculate NAVs

Reporting is only the end product of an accounting solution. Managing the data is just as important. FC Portfolio ensures you use your data productively. Now you can:

Automate your master/feeder transactions

Benefit from an integrated general ledger

Import data

Create workflows

Portfolio Accounting Management Features

FC Portfolio is a powerful solution for investment managers and accounting firms. It makes portfolio accounting, management and reporting tasks completion faster, easier and more accurate. Comprehensive reporting, interfaces with custodians, ease of use and affordable price put FC Portfolio ahead of competing products.


Derivatives . Options, FX Options, Swaptions, Futures, Sec. 1256 contracts, Spot FX, Forwards, Forex, Contract For Difference(CFD), Credit Default Swap (CDS), Interest Rate Swap (IRS), Equity Swaps.

Fixed income . Bonds, Treasuries, Time Deposits, Mortgages, Collaterized Mortgage Obligations (CMO), Mortgage Backed Securities (MBS), Loans, Mezzanine/PIK Loans, REPO, Convertibles, Real Estate, Structured Products, Aircrafts, Collaterized Debt Obligation (CDO), Franchise, Home Equity.

Automatic calculation of accrued interest, accretion and amortization.

Funds . Mutual Funds, Funds/Partnerships (with tracking of gain/loss items from K-1s), Private Equity, Master-Feeder structures and more.


Inventory Methods

FIFO, LIFO, specific tax lot, Maximum/Minimum gain, average cost accounting. By custodian, for the whole portfolio, or for your own custom hierarchy of Books, Strategies and Labels,

Custodian/Broker Data Download and Reconciliation

Download account transactions from a variety of USA and International brokers and banks. New brokers/custodians imports can be added by us or user.

Reconcile portfolio holdings cash with brokers automatically.

Keep detailed track of portfolio activity changes via true trades cancel/correct functionality via General Ledger

File Import Wizard and Import Template Manager for importing downloadable broker/custodian files (Excel, CSV, XML, Quicken QFX, OFX)

Download Prices, FX Rates, Corporate Actions, Master Instrument Profiles, etc - from data feeds like Interactive Data™, Bloomberg™, Thomson Reuters™ or free sources, or from broker/custodian files.

Import same data points from custom files in Excel, CSV or fixed length file formats.

Over 50 standard reports charts on any date or date range. Create your set of parameters for a report and save it as a template - create your own reports

Cross-client aggregate reporting

GIPS/AIMR™compliant performance reporting

Real time PL, Positions, Performance, Risk reporting

Look-through transparency/exposure reporting

Custom report writer using Excel as a report layout designer. Can use any Excel formulas in your custom report calculation algorithms

Tax Reporting, Wash Slaes Wizard, Qualified Dividends Wizard, customizable Chart of Accounts / Income Statement

Possibility to open several reports for different clients simultaneously, without switching between clients accounts.

Save reports to HTML, Excel, PDF, XML; charts to GIF files, for email or web sites.

Publish reports charts in a password protected web site (FC Web Portal) with one mouse click.

PL Attribution via Trade Tags

Create your own portfolio management World independent of Custodian statements. Use up to three tiers of user-defined Books, Strategies and Labels hierarchy for your own trades tagging and reporting. For example tag each trade with a Trader and Strategy and then run PL, position holdings and performance reports by Trader and by Strategy. At the same time keep running the same reports by Custodian.

Performance and Risk Management

View total or annualized rate of return for a sector, instrument, portfolio, investor, broker account, custom portfolio etc on a chart or report.

Internal Rate of Return (IRR), Time Weighted Return (TWR), Simple Rate of Return, Flat Simple Rate of Return.

Compare performance against specified indices (standard or custom/blended).

Performance by industries, strategies, geography and any other user-definable sectors or investment groups.

Portfolio statistics: standard deviation, Sharpe ratio, Sortino, Corellation, Alpha, Beta, Treynor, Composite monthly return, etc.

Clients Management

Track clients' and their related contacts information. Relate associated contacts to clients via different roles.

Generate client billing reports. Unlimited number of fee classes - management, incentive fees.

Easy automated distribution of client report packs and other report sets by e-mail, or uploading to the web (vith our FC Web Portal product)


Define base currency and local currencies for an instrument and/or broker/custodian level. Track cost, valuations and cash flows in both local and base currencies.

Cash for trades and corporate actions for an instrument can be settled in a different currency vs, instrument currency

Set individual exchange rate for each trade, or for the portfolio as a whole or both. Multiple exchange rates for same date.

Track Market gain and FX gain separately.

All amounts are tracked both in local and base currencies, in General Ledger.

Load Exchange rates from custom sources

Online Sample reports by industry

News and blog

News and blogIntroduction to Backtesting Metrics

This Friday we have Kora Reddy of asxiq dropping by as a guest contributer, who for the next three weeks will be going through some of the intricacies of back testing.

Why Backtest a strategy?

Quick answers to the question:

to determine whether a theory or hypothetical construct is valid in historical testing

to summarize the overall hypothetical performance of a system and to analyze its various aspects in order to isolate its strong and weak points.

the purpose of testing a pattern or a trading system is simply to find out what will work best on the basis of what had worked best in the past. You test drive a car before buying it; there is no reason why you shouldn’t test your trading strategy before applying it.

What is Backtesting?

Definition of backtesting from investopedia

Backtesting is a key component of effective trading-system development. It is accomplished by reconstructing, with historical data, trades that would have occurred in the past using rules defined by a given strategy. The result offers statistics that can be used to gauge the effectiveness of the strategy. Using this data, traders can optimize and improve their strategies, find any technical or theoretical flaws, and gain confidence in their strategy before applying it to the real markets. The underlying theory is that any strategy that worked well in the past is likely to work well in the future, and conversely, any strategy that performed poorly in the past is likely to perform poorly in the future. This article takes a look at what applications are used to backtest, what kind of data is obtained, and how to put it to use!

Important metrics to consider in the Backtesting

There are many factors traders pay attention to when they are backtesting trading strategies. A thorough back test of a trading system should include the following information. Here is a list of the most important things to remember while backtesting:

Number of years analysed: Although it is desirable to test as much data as possible, the minimum should be at-least last 4 years of recent historical data. Often people test the previous bull market’s data if they figure that the current market resembles a bull market, and vice versa. The most important data tranche is the most recent one as that is what the current market phase is, as you want your trades to work there.

Number of trades analysed: More important than the number of years analysed is the number of trades analysed. A typical pattern should generate at least 20 to 25 trades over the test period in order to support the statistical significance of back-testing results. It would be wrong to assume that a pattern that had formed only a couple of times in the past is a guide or reference to a good trading opportunity in the future.

You may perhaps have come across the term called accuracy while reading statistics. Accuracy usually increases as the number of samples becomes larger and the measurement of deviation or error becomes proportionately smaller. Accuracy is calculated as follows:

Accuracy = (1- (1/ Square root of the sample size))*100.

This concept can be extended to the number of trades analysed. For example, with a sample of four trades, the error is 50%. If a system has had only 4 trades, whether profitable or loss-making, it is very difficult to draw any conclusions about performance expectations. To reduce the error to 10%, the sample size has to be 100 trades. But this could be tricky in respect of a system that might generate only 3 or 4 trades in a year. To compensate for this, the identical pattern can be applied to other markets and the sample size thus increased. By keeping the sample error to no more than 20%, the risk of small sample size can be minimized.

Percentage winning trades: This is not as important as one might think. In reality, few patterns have more than 70 percent winning trades. Patterns that are correct as little as 35 percent of the time can still be good systems, whereas systems that are accurate as much as 90 percent of the time may be bad systems.

Gross Profit: is the sum of points generated by all profitable trades

Gross Loss: is the sum of points generated by all loss making trades

Total Net profit: is gross profit minus gross loss

Total Net profit %: is the sum of all trades profit or loss in percentage terms add together

Average profit per trade: This measure tells you what the average profit per trade for all the trades has been, minus commission and slippage. The average profit per trade figure is important as it considers all profits and all losses. Some people might question and legitimately, too whether, say, a 40-point average profit would vary to a great degree from the underlying XJO value. For example, a 40-point gain translates to less than 1 percentage gain when the XJO is trading above 4,000 levels, as opposed to a 2 percentage gain when the XJO is trading below 2,000 levels. So, it’s important to view the trade details in percentage terms as well.

Median profit per trade: in probability theory and statistics, median is described as the numerical value separating the higher half of a sample, a population, or a probability distribution, from the lower half. The median of a finite list of numbers can be found by arranging all the observations from lowest value to highest value and picking the middle one. If there is an even number of observations, then there is no single middle value; the median is then usually defined to be the mean of the two middle values.

The median can be used as a measure of location when a distribution is skewed, so, it’s important to view the median profit per trade (and profit percentage per trade as well) to be in trading strategies favour. For example if the average profit per trade is, let’s say 0.5% and median profit per trade is -0.2%, avoid the system.

Largest single losing trade: This measure indicates how much of the drawdown is the result of a single losing trade. In real-life trading, this helps you adjust the initial stop loss. For example, if the average losing trade was $A 1,000 and the largest single losing trade was $A 8,000, as you would readily guess, a good portion of the average losing trade is borne by the largest losing trade. If you had a better way of managing the largest loser, your overall system performance would be considerably better. You should investigate further the cause for the larger losing trades. In real life trading be prepared to encounter an even higher largest loss, than thrown up by back tested results and brace yourself to handle such situation.

Largest single winning trade: This is more important than the largest single losing trade. Why? Suppose, for example, your total hypothetical profit was $A50,000. and say $A 37,500 of this is attributed to only one trade (e. g. Short with 5X leverage. as you believed in sell in may strategy at end of April 2012 and covered at end of May 2012), then what you have is a distorted average trade figure. It’s often a good idea to remove such an exceptional single trade from the overall results and re-compute the system performance in order to confirm whether the trading system is actually good enough to trade. In real life trading, be as realistic as possible and be prepared that you may never encounter that largest winning trade derived from the back tested results.

Profit factor: Profit factor is the system’s gross profit divided by gross loss. Look for systems that have a profit factor of 2.5, or higher.

Outlier adjusted profit factor: With any trading pattern, you are going to have one or two exceptional wins. The chances of these trades recurring in the future are very slim and shouldn’t be considered in the overall performance summary. It is often a good idea to remove the largest single winning trade while calculating the outlier adjusted profit factor. And is the way outlier adjusted profit factor is calculated in this book when presenting backtest performance summary.

You might want to consider removing even the top 5% winners. For example, if the number of trades is 40, then remove top 2 largest winners, if number of trades is 60, and then remove top 3 largest winners. Look for trading systems with an outlier adjusted profit factor of more than 2.

Maximum number of consecutive losers / winners: The maximum number of consecutive winning and losing generated is, more often than not, purely psychological. Even using an excellent trading pattern is no guarantee that you will only have winning trades in succession all the time. In other words, there are bound to be a string of consecutive losing trades. But not many traders have the ability to maintain their discipline through four or more successive winning/losing trading trades. Even at the third consecutive loss, you would find many traders ready to abandon their system, thinking that either the system is going through rough patch. To be a winner one would need to weather such storms and be able to take ten or more consecutive losses in one’s stride.

There is another problem that few of the traders encounter, thinking that their system is going through a fluky winning streak after hitting 4 or more consecutive winners. Remember Black Caviar currently holds a winning streak of 23 from 23. The point we are trying to make here is, the human mind cannot relate easily to an unbroken string of successes. All of us expect a failure to happen after a successful run. And once a good run has been broken, we again wait for success. In trading, though, if you are on a clear winning streak, press on. Don’t allow the fear of loss to stop you in your winning streaks, in short as they say in trading manuals, “ Let winners run, not the losers ”

Gain during max winning streak . is the sum of gains in point terms during the period when the trading strategy had maximum consecutive winners, simply addition of all the profitable trades in point terms.

Gain during max winning streak %: is the sum of gains in percentage terms during the period when the trading strategy had maximum consecutive winners, simply addition of all the profitable trades in percentage terms.

Loss during max losing streak: is the sum of all loss making trades in point terms during the period when the trading strategy had maximum consecutive losers, simply addition of all the loss making trades in point terms.

Loss during max losing streak %: is the sum of all loss making trades in percentage terms during the period when the trading strategy had maximum consecutive losers, simply addition of all the loss making trades in percentage terms.

Maximum drawdown: This is one of the most important aspects of a trading system. A very large drawdown is a negative factor. Maximum drawdown is the largest peak-to-valley loss of a trading system’s historical profit curve. Maximum drawdown can be presented in absolute Dollar terms.

Maximum drawdown (%): As discussed earlier, maximum drawdown is the largest peak-to-valley loss — in absolute Dollar terms — of the trading system’s historical profit. Now, suppose you would like to determine the efficiency of a trading strategy in terms of the overall returns it provided on your starting capital. In that case, we can calculate the maximum drawdown as a percentage of the starting capital.

This above material is reproduced from the XJO Quant. High Probability Trading Setups on ASX 200 Index. Trading game members can avail 30% discount by using TRGAME discount coupon.

Part Two will follow next Friday

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What trading strategy works

What trading strategy worksThat would depend on how you define the Turtle Trading System. The original one, published by Curtis Faith, would in my view be suicidal to try today. It was build for a different market environment and I doubt that Curtis Faith or Richard Dennis would use the same rules today.

The concept however, works just fine, and I assume that's what Benjamin means as well. For the past two years almost everyone using this concept has of course lost money, but a two year losing streak is part of the game with this strategy.

The trend following futures hedge funds, often call CTA funds, are doing something very similar to what the turtles did. They use slightly different rules, asset universe and risk, but they are quite comparable.

You always need to be able to adapt to reality and while the concept of trend following will probably keep working fine, some adjustments may be needed. As just one example, the original rule set is not prepared for a near zero yield environment and this factor alone can have a great impact on the overall dynamics.

Human emotion is the reason why 90% of the option traders out there fail to make consistent profit on their trades. There are 3 specific areas where human emotions spoil trades:

1. Stock / Option Selection

Most option traders allow fear or greed to dictate their option buying/selling. There is no consistent, systematic way of looking for trading opportunities and therefore, no consistent performance. The Star Trading System ® eliminates this problem by utilizing free software that searches for precise and unambiguous trading opportunities systematically.

2. Trade Entry

Most option traders do not follow a systematic trade entry procedure and therefore let their emotions govern whether or not to ultimately enter a trade. The Star Trading System ® eliminates this problem by utilizing an objective, step by step entry procedure that removes all guesswork.

3. Trade Exit

Option trading is extremely volatile and prices can move up and down very drastically, hitting the panic button in many beginners and turning profitable trades into losers. The Star Trading System ® nips this problem in the bud by automating all trade exits (profit taking point and stop loss) using contingent and conditional orders, eliminating the need to constantly watch the market after trades are entered.

An objective, systematic trading method that reduces human emotions to the minimum is known as a mechanical trading system. The Star Trading System ® epitomizes this concept into a consistently profitable options trading system.

Online What trading strategy works

Option trading strategies butterfly option strategy

Option trading strategies butterfly option strategyOption Trading Strategies:

Butterfly option strategy

The long butterfly option strategy is a market neutral strategy where the trader expects the price of the underlying to trade around a certain price. Notice that the pay-off profile is similar in some sense to the selling a straddle or a strangle. However, this strategy is less risky since there is a limit to how much can be lost.

Similarly, the short butterfly options trading strategy is a market neutral options strategy where the trader expects the price of the underlying to move but is indifferent about the direction. Notice the pay-off profile is similar in some sense to the buying a straddle or a strangle. However, this strategy has a limited upside potential.

The strategy can be constructed from either calls or puts, however, for the purpose of this example I will explain using call options. The trader needs to buy a call at strike A, sell two calls at a higher strike B and finally buy another call at an even higher strike C.

Potential Profit and Loss: Long butterfly

Potential Profit:  Assuming strike B-A = C-B then the maximum profit will be realised when the terminal price of the underlying is at strike B. The maximum profit is therefore, limited to the difference between the middle strike B and the lower strike A minus the cost of establishing the position.

Potential Loss:  Potential loss is limited to the cost incurred in establishing the position. This is likely to occur should the price of the underlying fall below the lower strike or rises above the higher strike.

Break-Even Potential:  Break-even occurs when the price of the underlying moves higher than the lower strike A or falls lower than the higher strike C by the same amount as the cost incurred in establishing the position.

Potential Profit and Loss: Short butterfly

Potential Profit:  The maximum profit to be achieved from this strategy is equal to the gain in constructing the position. This occurs when there is a substantial move in the price of the underlying either up or down.

Potential Loss:  Assuming strike B-A = C-B then the maximum loss will be realised when the terminal price of the underlying is at strike B. Therefore, the maximum loss is limited to the difference between the middle strike (B) and the lower strike (A) minus the cost of establishing the position.

Break-Even Potential:  Break-even occurs when the price of the underlying moves higher than the lower strike or falls lower than the higher strike by the same amount as the cost incurred in establishing the position.

Long Butterfly option strategy pay-off

Short Butterfly option strategy pay-off

Long Butterfly option strategy trade example

Yahoo is currently trading at $16.17 and a trader decides to enter into a long butterfly. He buy the "YHOO Jul 12, 12 Call" currently trading at $4.40 and simultaneously sells two of the "YHOO Jul 12, 14 Call" currently trading at $2.91. Finally, he buys the "YHOO Jul 12, 16 Call" trading at $1.52. Assuming the trader traded one contract of each, he would receive $582 for the long calls and pay $592 for the short calls. Therefore the net loss from entering the position is -$10.

Fast forward to the July, 2012, when the option expires. Assuming Yahoo is now trading at $14. The 16 strike call expires out of the money and the pay-off to the trader would therefore be:

Total Profit/Loss = [(14-12)-2*(14-14)]*100-10= $190.

Conversely, if the price of Yahoo had actually risen to $25 at expiry, then all the calls would expire in-the-money. The total profit and loss would therefore be:

Total Profit/Loss = [(25-12)+(25-16)-2*(25-14)]*100-10= -$10.

The -$10 loss represents the maximum loss for this strategy. 

Short Butterfly option strategy trade example

Yahoo is currently trading at $16.17 and a trader decides to short a butterfly. He sells the "YHOO Jul 12, 12 Call" currently trading at $4.40 and simultaneously buys two of the "YHOO Jul 12, 14 Call" currently trading at $2.91. Finally, he sells the "YHOO Jul 12, 16 Call" trading at $1.52. Assuming the trader traded one contract of each, he would pays $582 for the long calls and receive $592 for the short calls. Therefore the net gain from entering the position is $10.

Fast forward to the July, 2012, when the option expires. Assuming Yahoo is now trading at $14. The total profit/loss will be:

Total Profit/Loss = [-(14-12)+2*(14-14)]*100+10= -$190.

Conversely, if the price of Yahoo had actually risen to $25 at expiry, then all the calls would expire in-the-money. The total profit and loss would therefore be:

Total Profit/Loss = [-(25-12)-(25-16)+2*(25-14)]*100+10= $10.

The $10 lost represents the maximum gain for this strategy. 

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