Billion dollar day-bbc documentary

Billion dollar day-bbc documentaryBillion Dollar Day BBC Documentary

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Back in 1986 a documentary was released by the BBC showing off three currency traders in different time zones. One of them is a sterling dealer called Richard Hill based in London working for Barclays Bank. There is Rony Schlapfer based in New York who is a speculator. Then finally there is William Wong based in Hong Kong working for the American Chemical Bank.

Watch the videos below with my insights included below.

Richard Hill is talking to his dealers working at the bank and is telling him that the whole world is long sterling.

Hill knows that the market is stuck long and that the market can be ripe for a correction. So he is telling his dealer co worker to get rid of sterling long positions as soon as the far east markets get going.

William Wong is shown in the Chemical Bank dealing room. The video states that back in 1986 he was paid a salary of ?25,000 with potential for a nice commission of 3% of the profits. William Wong enters the dealing room and sees that the pound is rising (breaking out) and needs to determine whether to jump on the bandwagon. He needs to make a decision whether to chase the market. He buys 3 million pounds. He can take a position up to 20 million pounds without asking his superiors.

If you notice he also gave a quote for 40-50. Back then the spread for pounds was 10 pips. He has accumulated a position of 21 million pounds by the end of Part A.

One of Williams co workers says that when London opens they may sell the pound.

Presumably it seems that the pound has been rising during the Sydney/Asian session and that when London comes in, those traders may want to take some quick profits on some positions.

Rony Schalpfer has 13 clients each with a minimum investment of $500,000 dollars. So presumably he has at least 6.5 million dollars in capital. Add in a little bit a leverage occasionally and he can take positions worth tens of millions of dollars in the currency markets. Rony made his clients a 50% profit last year so they are sticking with him.

Rony proceeds to close out his long Deutsche Marks position and sell 26 million of them. It seems Rony was using a little bit of leverage.

The action moves back to William Wong who can check the exchange rate on his portable receiver. If you caught the quotes you could see the following quotes:

Hong Kong Dollar (HKD): 7.7705/25 20 pip spread

USD/CHF (SFR): 2.5630/60 30 pip spread. Yes, back in 1985 USD/CHF was at 2.50!

Sterling(STG): 1.2847/57 10 pip spread.

William Wong wants to dump 21 million dollars and he is scared that if he gets it done slowly that the market will pick up on it. So he gets his co workers to execute the orders all within a close time limit to each other so the market will not realize.

Wong quotes a price for cable at 50-55 . It seems the spread came down to 5 pips.

He says Once a dealer always a dealer .

The action moves back to Richard Hill in London. If you catch the Reuters portable receiver again the price quotes are approximately:

SFR: 2.5670/85 15 pip spread

Richard then calls his banks Hong Kong operation and tells him not to be too long sterling, because I will probably try to bash it down when we go in, look for a quick 50 or 60 points .

It seems Richard wants to gun some stops to the downside and look to make 50-60 pips. Not bad. Stop hunting back 26 years ago and it still exists today.

Richard Hill sits down in the dealing operation of Barclays Bank. Barclays Bank made ?100 million pounds profit last year in foreign currency dealing.

Richard says that at the start of every day all the banks in the world are party to the same information. It is a question of whether you make the best use of the information or not .

Richard then says that it doesnt look like there is that much of a trend at the moment, so we will just play the market on peoples positions, take a bit of profit out of it .

What does playing the market on peoples positions mean? Well it means gunning some stops, or squeezing players out of their positions, either quickly or gradually. If they can figure out where the intraday players pain tolerance points are, they can take a bit of profit out of them.

Richard wants to short 10 million pounds. He is looking for a buyer for the trade.

William Wong calls Barclays direct to get a quote for the pound. Richard is the sterling dealer so he quotes the market at 49-54 , a 5 pip spread. William decides to buy 5 million pounds. Richard sells more pounds and the price could of hit some stops and the market drops half a cent or 50 pips.

Williams position has a paper loss of ?5,000 pounds. He books the loss.

Chris Pavlou. Richard Hills boss comes in and says that no one at the foreign currency dealing desk is over the age of 35, because the stress can get too much. He says that the dealers cannot afford to lose the concentration, just in case there is an explosion of volatility, the dealers cannot be caught on the wrong side of the market.

After Richards initial stop hunt, the Russians come in to buy 20 million pounds. The dealers nickname them Boris. Richard tries to get a feel for the order flow and information flow as the calls up various other banks and dealers. Richard comes to the conclusion that the Russians are buying sterling/marks from other banks as well in a big operation. This is his feel for the market. Richard decides to jump on their bandwagon. He preps the other dealers to start buying tens of millions of dollars in pounds. One dealer comes back with a quote for 50-55. Again a 5 pip spread.

Richard then concludes that the market may be short sterling. So coupled with the fact that the market may be short sterling and with the Russian buying, the price may go up.

Richard starts to buy in 5 million lot sizes. He gets filled at one quote of 58-63, then another 5 million at 58-68, at which point he grimaces because the price has started rising. Another 5 million gets filled at 57-67. Another 5 million gets filled at 57-64. Another 5 million at 58-63. Another 5 million at 58-65. Then he says that will do it, and decides not to buy anymore. Richard Hill has accumulated a position of 35 million pounds in preparation for the short squeeze and Russian buying to push the price up.

Chris Pavlou comes in and says that the market is short.

In other words that the market is stuck being short sterling and may need to start buying to get out of their shorts. Between Richards buying and the Russians buying the pound is up half a cent or 50 pips.

Richard starts selling to take profit. Chris Pavlou comes in and says that the market is at 80-85 and says come on that is 20 points profit. He is urging Richard to sell to lock in the 20 pips profit.

Richard starts selling. He gets filled at around prices of 90-95″ and 87-97. Richard made around 30 pips profit. He calculates his profit at ?75,000 pounds for about three minutes worth of work. Not bad for the currency dealers. They know how to make quick money in the forex markets. You think the dealers used any charts, trendlines, stochastics, etc?

The action moves over to Rony Schlapfer who is preparing for the trading day in New York.

Rony Schlapfer works with this partner Brad Westerfield. He has two assistants to help him. If you caught it, one of their assistants is recording charts. If you caught the quote by Ronys phone it says Dont Get Mad, Get Eve n.

Rony Schlapfer describes his trading strategy: We just wait, and wait, and when we see a situation, we just in very fast, very quickly, then it has to be right. If it is not right we cut it and we stay away again .

Looks like he is a momentum trader trying to catch an explosion of volatility for some quick profit.

The commentator says that by currency dealing standard, Rony Schlapfer operates long term, by actually keeping his marks overnight. This implies that the currency dealers like to hold their positions for seconds, minutes, or a little bit longer. It implies they never want to hold them overnight.

The action goes back to London. The money supply figures are due to be released and it seems the market is sensitive towards them and could have an affect on the pound.

Richard Hill is attempting to position himself for the money supply figures and has bought 20 million pounds. But the price is zig zagging as other currency dealers are placing their bets. Hill talks to his other dealers and they ask him if he wants to cut out of it. Meaning that if Hill wants to reduce his sterling long position before the money supply figures. Hill responds by saying he may decide to cut the position size down before the money supply figures. Richard Hill then says he doesnt want to be gambling on something you dont know about .

He is referring to the money supply figures.

The action goes back to Hong Kong, with William Wong celebrating his ?20,000 pounds profit day. He had a currency turnover of around ?120 million pounds and came out ?20,000 pounds ahead. Again the Reuters portable quote machine is shown. Richard Hill has triggers for the money supply figures. He knows that if it is above half a percent, the pound should rise. If it is below the pound may fall.

The money supply figures come out at expectations at half a percent. Richard Hill wants to sell but he is not fast enough.

You can see Richard Hills frustration as the market keeps moving lower. The quotes get shouted to him. The price was at 75-80, then moves down to 70-75, then down to 60-70.

The action turns to Rony Schlapfer in New York. It seems his bet on the Deutsche Mark went wrong and they are forced to liquidate for a loss. Brad Westerfield says that the reason the position lost was because of some Eastern Block countries were buying dollars and selling pounds aggressively, so they were forced out of the position. Unexpected order flow generators gave them a $80,000 loss. Brad Westerfield says that if he hadnt taken he loss quickly it would of doubled to a $150,000 loss.

Rony Schlapfer is wooing a prospective client and the client asked what the fee structure for his hedge fund is. Rony has a fixed management fee and a performance fee which is taken once per year. The performance fees are around 20-25% of the profits.

The action goes back to Richard Hill in London. He has worked 10 hours from 7am 5pm and the pound has moved up and down two cents or 200 pips. But he made a ?100,000 profit for Barclays Bank, after buying and selling over 750 million pounds.

The commentator asks that surely Hills antics must affect the pound. Richard Hill responds that long term they dont have that much influence in the market, but that short term they can move the rate in their favor, but nothing dramatic in the long term .

This is an important quote as many people think the big banks can control the currency markets for weeks and months. They cant. That requires order flow from many different market participants. The bank can gun the rate up and down on an intraday basis, but that is about it.

The action goes back to New York with Rony Schlapfer. If you notice his secretary has a few charts on the desk. Brad Westerfield chimes in and says that this late afternoon trading is getting to be a casino. It is all about who buys and sells the next 100 million and moves the market one big figure, and it means nothing as far as the next 24 hours .

One big figure means 100 pips.

This is an important quote. Because there are people trying to trade order flow during the late New York Session at 12pm-5pm, when in reality it can be a casino as you dont know who is going to come in with the next big order.

The last two paragraphs above has the big nuggets of value .

Morningstar analyst sees charles schwab-fxcm buyout as revenue diversifying,but counter to charles

Morningstar analyst sees charles schwab-fxcm buyout as revenue diversifying,but counter to charlesMorningstar Analyst Sees Charles Schwab-FXCM Buyout As 'Revenue Diversifying,' But 'Counter To Charles Schwab Image'

Speaking to Benzinga, Morningstar Analyst Michael Wong said that a Charles Schwab Corp (NYSE: SCHW ) buyout of FXCM Inc (NYSE: FXCM ) would be “revenue diversifying,” but quickly added that it would be a bit outside of Charles Schwabs character.

“Charles Schwab recently has been focused primarily on delving out a wealth management-type business and has not really been as interested in expanding internationally, nor has focused as much on the active trade,” he said.

Wong explained that retail forex trading is much more focused outside the United States in places like Europe and Asia, in addition to being more focused on people willing to take highly leveraged positions (and those who generally trade more frequently).

Wong pointed out that TD Ameritrade Holding Corp. (NYSE: AMTD ) had even come out and said that it wasnt interested in acquiring a forex broker.

“With Charles Schwab trying to make that further push into wealth management-type strategies, going further into active trader, highly-leveraged international operations just doesnt fit in with the image theyre trying to project at the moment,” Wong said.

He concluded that the acquisition would be business diversifying, but is counter to the image portrayal of Charles Schwab.

Charles Schwab traded roughly 0.90 percent lower in Fridays session, while FXCM was down 22.26 percent.

Shares of TD Ameritrade were down 0.18 percent.

Brianna Valleskey contributed to this report.

Latest Ratings for FXCM

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Forex reserves up$458mn

Forex reserves up$458mnForex reserves up $458 mn

BS Reporter | Mumbai Oct 24, 2015 12:35 AM IST

Indias foreign exchange reserves rose $458 million for the week ended October 16 to $353.5 billion, show the Reserve Bank of Indias data released on Friday.

Foreign currency assets, a key component of foreign exchange reserves, rose by $452.5 million to nearly $330 billion. Gold reserves stood unchanged at $18.2 billion.

The special drawing rights rose $4.2 million to $4.1 billion, while the countrys reserve position with the International Monetary Fund stood at $1.3 billion, recording a rise of $1.3 million.

Online trading academy chicago reviews london stock exchange william hill plc

Online trading academy chicago reviews london stock exchange william hill plcOnline trading academy chicago reviews london stock exchange william hill plc

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Forex reserves at ahigh,but cover only70%of external debt

Forex reserves at ahigh,but cover only70%of external debtForex reserves at a high, but cover only 70% of external debt

MUMBAI: The Reserve Bank of India piled almost $11 billion reserves in a matter of only four weeks to take India's foreign exchange reserves to a new high and which are now adequate to finance 10 months' import. But they cover only 70% of India's external debt. The latest Reserve Bank of India data indicate that its foreign exchange reserves including currencies, gold and special drawing rights with the IMF have risen $10.7 billion as of February 6 to touch a new high of $330 billion. The surge in reserves has been largely due to strong inflows to emerging economies including India as global liquidity has surged due to easy monetary policy by central banks including the Fed and the ECB.

Experts have warned that managing inflows will be one of the major challenges for the central bank this year as they will have to balance the level of reserves it wants to pile up and the level of currency to maintain. The rupee has been hovering around 62 to the dollar and has gained almost 2% vis-a-vis the dollar since early January.

However, the reserves are still not adequate enough to cover India's external debt, which is still higher at $450 billion. "India's foreign exchange reserves are on the rise; but amount to a small percentage of GDP and do not fully cover external debt," said Radhika Rao. India economist at DBS in a recent report. "Relative to external debt, India's reserves rank amongst the lowest in Asia.

India's external debt coverage ratio fell to 70% of total external debt in 2014 from over 130% in 2008," she said. Even the central bank's public stand is of caution. "While we do have comfortable foreign exchange reserves, there is a strong view that no amount of such reserves can cushion extreme external shocks," said RBI deputy governor HR Khan at CII event earlier this week.

"That too here we are talking about nations. You can imagine how vulnerable corporates can become if they have too much of foreign currency exposures." India figures among the top ten holders of foreign exchange reserves in the world. But as a percentage of GDP, however, India's reserves are low (among Asia's top 10 nations). At 16% of GDP, India leads only Indonesia at 11%.

V813(493-493)quick scans trading rules strategies for success

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TRADING RULES: STRATEGIES FOR SUCCESS

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William F. Eng has compiled the best 50 trading rules and thoughts that he has observed and heard in more than 20 years of trading professionally in Trading Rules: Strategies for success. Although many of the rules that he sets forth may seem obvious, his personal insight shows how an axiom may be appropriate or brutally wrong, depending on the situation. So how do you know when to use or not use a particular rule?

Well, the first prerequisite, according to Eng, is to get 10 years of trading experience to develop the skills to decipher when and when not to use a rule.

How to trade usd-inr

How to trade usd-inrHow To Trade USD-INR?

Hello there! If you are new here, you might want to subscribe to the RSS feed for updates on this topic.

USD-INR is holding a short term range of 49.75-50.75 with 21 DMA of 49.7 acting as a strong support. In short term, expectations of a growth oriented budget, strong stock market and higher demand for dollars ahead of the financial year end will make it difficult for the USD-INR to find any specific direction. Rupee forecast is hard to make as there is a failure to break through the key levels of 49-48.75. With EUR-USD approaching the psychological level of 1.3 and Greece default looming on the Euro zone, it will be interesting to see how Dollar Index turns out. Since the last update . Dollar Index has already crossed the key resistance of 79.9 and heading towards 80.9.

Keeping in mind the present EUR-USD Dollar Index levels and the general market conditions discussed above, one can buy March 2012 contract of USD-INR at around 49.9-50 for an immediate target of 50.3-50.75 (38.2% Fibonacci retracement of high of December 2011 to low of February 2012) in the short term with a strict stop loss of 49.7. The USD-INR technical chart pattern also shows % William’s range is above -50 and taking support at the rising trend line.

Also, one can sell the May, 2012 contract at around 51.2-51.5. In the short term, technically the USD-INR has a range of 49.5-50.5.

Now its your turn..

Feel free to share your experience and thoughts in the comments area.

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The greatest investors william jo neil

The greatest investors william jo neilThe Greatest Investors: William J. O'Neil

Most Famous For:

Bill O'Neil is a top-performing stock broker, inventor of the growth stock investing strategy, CANSLIM. author and founder of the national financial newspaper, Investor's Business Daily . which competes with The Wall Street Journal .

Personal Profile

Bill O'Neil majored in business administration at Southern Methodist University, receiving a Bachelor of Arts degree in 1955. After military service, he started his career as a stockbroker with Hayden, Stone Company in 1958, and developed an investment strategy (CANSLIM), which made him the highest performing broker in his firm.

His professional and financial successes lead him to form a brokerage firm, the William O'Neil Co. Inc, in 1963. At 30 years old, he became the youngest person to buy a seat on the New York Stock Exchange.

In 1983, he founded a national financial daily newspaper called Investor's Daily . which became the Investor's Business Daily in 1991. As of 2007, he serves as CEO of William O'Neil Co. is the chairman and publisher of the Investor's Business Daily . and lectures and writes on investment topics nationwide.

Investment Style

O'Neil blends a mixture of quantitative and qualitative strategies in his performance-oriented investing approach. In brief, his investment style is to seek out only those growth stocks that have the greatest potential for swift price rises from the moment they are purchased.

Essentially, Bill O'Neil's motto is "buy the strong, sell the weak." His criteria for identifying a stock that's about to head for the stratosphere are summarized in his well-known acronym CANSLIM:

C – Current quarterly earnings per share have increased sharply from the same quarters' earnings reported in the prior year (at least 25%).

A – Annual earnings increases at a compound rate of no less than 25% (P/E is unimportant – probably in the range of 20 to 45 with these stocks) annually over the last five years.

N – New products, new management, and new highs. Stocks with a good "story."

S – Supply and demand. The less stock available, the more buying will drive up the price. Look for stocks with 10 to 12 million shares outstanding.

L – Leaders and laggards. Stick with those stocks that outperform and shed those that underperform.

I – Institutional ownership. Favor companies that are "underowned" by the top professional investors. (For related reading, see Institutional Investors And Fundamentals: What's The Link? )

M – Market direction. Buy stocks on major downturns, but avoid purchases after a decline of 10% or more gets underway.

Publications

" How To Make Money In Stocks" by William J. O'Neil(1988).

"24 Essential Lessons For Investment Success" by William J. O'Neil (1999).

"The Successful Investor" by William J. O'Neil(2003).

"Since the market tends to go in the opposite direction of what the majority of people think, I would say 95% of all these people you hear on TV shows are giving you their personal opinion. And personal opinions are almost always worthless … facts and markets are far more reliable."

"The whole secret to winning and losing in the stock market is to lose the least amount possible when you're not right."

"What seems too high and risky to the majority generally goes higher and what seems low and cheap generally goes lower."

Us dollar

Us dollarUS Dollar / Yen - USD/JPY

The flagship couple of the foreign exchange market (Forex) with the EUR/USD and GBP/USD crosses, the evolution of the USD/JPY (American Dollar/ Japanese Yen) cross rates have been for a long time mainly influenced by the Japaneses monetary authorities and governments (the Bank of Japan and the Ministry of Finance) determination to promote the goods and service of Japanese exports by depreciating the Yen for their direct interventions in the Forex or more generally by running monetary policies (in particular low interest rates) that aim to maintain an undervalued Yen. A currency that proposes interest rates quite inferior to the other great currencies one will be massively sold by investors who will make massive purchases with the aim of investing in another currency with significantly higher interest rates, the first currency will devalue against the second one (so called “carry-trade” operations).

In a latent but continuous Japanese economic crisis context since the beginning of the 1990s, this low interest rate policy was also justified by the permanent will of a Japanese economic recovery, and the USD/JPY parity slowly but surely went from 80 (1USD = 80 JPY) in 1995 to 134 (1 USD = 134 JPY ) in February 2002.

From 2002 to 2005, a clear adjustment of the “structural” (but done by the market) undervaluation of the Yen led the USD/JPY cross to about the parity 1USD = 100 JPY.

Then the Yen decreased again until July 2007 (USD/JPY = 122), a radical re-apprising of the Yen against the Dollar followed it: USD/JPY = 85 by the end of 2008-beginning of 2009, that is to say more than a 30% re-appreciation in a year and a half.

A formidable bad news for the economy of Japan, which authorities announced, following the example of all the great world powers, the release of a substantial recovery plan in February 2009 (4790 billion Yens in a first time, equivalent to $50 billion).

In this context, the USD/JPY cross seemed to begin to slowly increase during the first 2009 trimester.

Read more about Exchange Rates

US Dollar/Japanese Yen (USD/JPY)

THE USD/JPY rate is composed of the US Dollar base currency and the Japanese Yen quote currency.

The US Dollar/Japanese Yen rate reflects the relation of the US Dollar trading against the Japanese Yen (1 USD per x JPY). For instance, If the USD/JPY quotes at 77.70, then 10,000 US Dollars would equal 770,000 Japanese Yen (because 10,000 x 77.70 = 770,000). This simply means that 1 US Dollar buys you 77.70 Japanese Yen.

Trading Characteristics Of The USD/JPY

One of the most traded currency pairs on the spot market (17%).

Typical forex broker spread: 1-3 pips

Most active trading sessions: Tokyo, London and New York

5 Year Average Daily Range: 116 pips

Who trades the US Dollar vs Japanese Yen? Central banks, financial institutions, retail traders.

USD/JPY Forex Trading Tips:

Recommended level of forex experience: Beginner

Best trading sessions for daytraders: London and New York

Worst times to trade: Holidays and before major economic news events

Most common used USD/JPY forex charts: Daily, 4 Hour and 1 Hour

Best forex brokers to trade USD/JPY: Click here >>>

Forex trading strategies to trade Dollar Yen: Click here >>>

Best forex trading system to trade Dollar Yen: Click here >>>

US Dollar / Japanese Yen Historical Chart

Top 5 Economic Events That Move USD/JPY

FOMC Rate Decision + Press Conference

BOE Rate Decision + Press Conference

Cad(canadian dollar)

Cad(canadian dollar)CAD (Canadian Dollar)

The Canadian Dollar is often referred to as 'The Loonie', because of the loon bird that draws the attention on the $1 Canadian coin.

CAD News and Analysis

The Canadian Dollar witnessed a strong drop in the second half of the week thanks in large part to a massive build in DoE and API Crude Oil Inventories this week.

EURCAD has responded to a key support confluence with the rebound keeping the immediate focus higher. Here are the updated targets invalidation levels that matter.

The US Dollar trades at pivotal price levels versus the Japanese Yen, while the Euro looks likely to decline further. Here are the levels were watching.

5best forex traders in the world you should know about

5best forex traders in the world you should know about5 Best Forex Traders in the World You Should Know About

Whatever field you are in, the goal is not always to be the best. Sometimes, you just need to be the best that you can. By perfecting your trade, there is no reason why you cannot reach the top. The same principle can be applied to forex trading. If you are struggling in this competitive field, you can find inspiration from the stories of the following forex trading gods of all time. You will also get to know who are they and how the world’s best forex trader did it all.

Five Dollars

5 – Bruce Kovner

Although Kovner is the least known billionaire in New York, his forex trading strategies are always up-to-date. His decisions are very smart and brave, two of the most important traits for a forex trader. However, as he began to achieve success, he shifted into hedge funds. He founded the Caxton Associates that, right now is within the top 10 most successful hedge funds across the world. With an estimated $14 billion income, this company is indeed one of the best. Kovner himself makes $4.5 billion in net.

Top 4 – Bill Lipschutz

As a full-time foreign exchange trader, Bill Lipschutz co-founded and directed the Portfolio Management in Hathersage Capital Management. He started trading while he was in college. After inheriting $12,000 from his grandmother’s death, he invested it in risk management and forex. Spending hours in the library to study, his portfolio reached $250,000 rapidly. This made him one of the best forex traders.

Top 3 – Andy Krieger

As a currency trader for Bankers Trust, Andy Krieger silently kept his distance from the actual forex arena. Everyone is leaving the US Dollar for other currencies because of the Black Friday crash. As a result, a certain currency would eventually be overvalued. Krieger tried his luck on the New Zealand Dollar called the Kiwi. His techniques were effective. By issuing hefty selling orders bigger than what New Zealand can supply, he succeeded in gaining billions of dollars.

Top 2 – Stanley Druckenmiller

Druckenmiller’s successful double bet on the same currency is the primary reason why he is considered among the best forex traders. He made his first bet after the collapse of the Berlin Wall. On that single day, he made a billion dollar worth of income. Because of his move, the German mark became significant in the forex trading field. His second bet on the same currency also became a smashing hit. He bought German bonds since stocks are showing less improvement over the years.

The Best Trader in the World – George Soros

George Soros is the king of forex trading; there is no doubt about it. In fact, Stanley Druckenmiller and Andy Krieger worked for him eventually. His expert advice and professional decisions made these two excellent traders as well. However, Soros made the most out of his apprentice to help him break the Bank of London and put the British pound into its knees. The most successful trades he made earned him at least $1 billion . That’s just another day for him. Many of the forex traders now look to him as an inspiration to follow. If you too want to taste some victory in forex trading, you should study Soros’ trading strategies.

True strength index(tsi)

True strength index(tsi)True Strength Index (TSI)

The True Strength Index ( TSI ) is a momentum-based indicator, developed by William Blau. Designed to determine both TSI, or the True Strength Index is a momentum-based indicator, was designed by William Blau. The TSI is suitable for intraday time frames as well as long term trading and helps to define trend and oversold/overbought conditions.

The True Strength Index is a version of the Relative Strength indicator. It uses a double smoothed EMA of price momentum to diminish constant price changes and pay attention to spot trend shifts with little or zero lag. An increasing True Strength value demonstrates increasing momentum in the direction of the price movement.

Long Term is the First Period and Short Term is the Second Period used in the double exponential smoothing of momentum.

Forex reserves

Forex reservesForex Reserves

'Forex Reserves' - 187 News Result(s)

Forex Reserves Up $458 Million to $353.527 Billion

On October 23, 2015 19:13 (IST)

Country's foreign exchange reserves increased by $458 million to $353.527 billion in the week to October 16, on account of rise in foreign currency assets, according to RBI data.

Forex Reserves Rise by $2 Billion to $351 Billion: RBI

On September 18, 2015 23:22 (IST)

After two massive successive falls when they cumulatively lost $6.322 billion, the foreign exchange reserves rose by a healthy $2.359 billion in the week to September 11, data from the Reserve Bank of India showed.

Current Account Deficit to Remain Comfortable in FY16: India Ratings

On September 15, 2015 09:31 (IST)

India's current account deficit is expected to remain "comfortable" in the current fiscal year even as it rose sequentially to $6.2 billion in the first quarter, says a report.

Forex Reserves Decline to $349 Billion

On September 11, 2015 19:43 (IST)

Foreign currency assets, which are a major component of the overall reserves, were down by $2.650 billion to $325.656 billion in the week, according to the latest Reserve Bank data.

China's Foreign Trade Declines, Record Drop of Forex Reserves

On September 08, 2015 19:16 (IST)

Latest data released by General Administration of Customs (GAC) shows that while exports fell 6.1 per cent year on year to 1.2 trillion yuan, compared with an 8.9 per cent drop in July, the imports slumped 14.3 per cent to 836.1 billion yuan, compared with July's decrease of 8.6 per cent.

China Forex Reserves Fall Record $93.9 Billion in August

On September 07, 2015 14:01 (IST)

The drop in foreign exchange reserves was widely anticipated as the central bank stepped up intervention to stabilise the yuan currency after a surprise devaluation last month

Forex Reserves Fall Sharply by $3.433 Billion to $351.92 Billion

On September 04, 2015 19:41 (IST)

Foreign currency assets (FCAs), a major component of overall reserves, were down by $3.424 billion to $328.306 billion in the reporting week, according to the latest Reserve Bank data.

Brace for Quantitative Tightening, As China Leads Forex Reserves Purge

On August 29, 2015 12:06 (IST)

Quantitative tightening is gathering force as China sells foreign exchange reserves to protect its economy and markets.

Forex Reserves Up $920 Mn at $355 Bn: RBI

On August 28, 2015 23:02 (IST)

India's foreign exchange reserves rose by $920.6 million to $355.353 billion in the week to August 21, on account of higher foreign currency assets.

Brace for Quantitative Tightening as China Leads Forex Reserves Purge

On August 28, 2015 22:13 (IST)

Faith in the power of "quantitative easing" has prompted central banks, led by the Federal Reserve, to pump trillions of dollars of stimulus into the global financial system to cushion the impact of the 2007-08 market crisis and recession.

As Rupee Sinks to 66.74, Rajan Says India Better Placed Than Others

On August 24, 2015 17:09 (IST)

As the rupee slumped to 66.50 per dollar on Monday, its lowest since September 2013, Reserve Bank of India governor Raghuram Rajan said the central bank will not have any "hesitation" in using foreign exchange reserves to reduce currency volatility.

Forex Reserves Jump $1 Billion to $354 Billion After 2 Weeks of Dips

On August 21, 2015 20:44 (IST)

Foreign currency assets (FCAs), a major component of overall reserves, rose by $1.039 billion to $330.836 billion in the reporting week, according to the latest Reserve Bank data.

Impact on Rupee From China's Yuan Move to be Temporary: Subramanian

On August 15, 2015 20:01 (IST)

Chief Economic Adviser Arvind Subramanian on Friday said that given "adequate" foreign exchange reserves, the impact of the devaluation of the Chinese yuan on the rupee will only be "temporary".

Forex Reserves Down $113 Mn at $353 Bn: RBI

On August 14, 2015 17:45 (IST)

India's foreign exchange reserves declined by $113.5 million to $353.347 billion in the week to August 7 on account of a fall in foreign currency assets (FCAs), a key constituent.

Forex Reserves Up $321.7 Million to $353.648 Billion

On July 31, 2015 20:33 (IST)

Foreign currency assets (FCAs), which are a major component of overall reserves, rose by $314.2 million to $329.245 billion in the week, the data showed.

20 countries with the largest foreign exchange reserves

Updated on: June 20, 2014

F oreign exchange reserves include a country's gold holdings and convertible foreign currencies held in its banks, including special drawing rights and exchange reserve balances, with the International Monetary Fund.

Forex are often taken as a yardstick to gauge a country's financial strength.

The quantity of foreign exchange reserves can change as and when a country's central bank (Reserve Bank in case of India) implements the monetary policy.

India is among the top 10 nations in terms of foreign exchange reserves.

The list is topped by China.

1. Peoples Republic of China

As of September 2013, the countrys foreign exchange reserve stood at $3726 billion.

China has become one of the world's fastest-growing major economies.

As of 2013, it is the world's second-largest economy by both nominal total GDP and purchasing power parity.

Click NEXT to find out the other 19 nations with the largest foreign exchange reserves.

Online trading germany up to$291billion in2011

Online trading germany up to$291billion in2011Online Trading Germany up to $29.1 billion in 2011

Thursday, March 01 2012

GERMANY - The German e-commerce and mail order business is going from strength to strength, the National Distance Selling Association reported on Monday in its 2011 turnover survey. Online sales were particularly strong.

In 2011, Germans spent more money than ever before on goods ordered on the Internet, a survey by the National E-Commerce and Distance Selling Association (BVH) showed on Monday.

Online trading amounted to 21.7 billion euros ($29.1 billion), an 18.5-percent increase year-on-year. This means that the 20-billion-euro mark was breached for the first time ever last year.

Germany's e-commerce and mail-order industry generated combined revenues of 34 billion euros in 2011 - 12.2 percent more than in the previous year. Distance selling accounted for 8.2 percent of overall trading activities in the country. Clothing and fashion items made up the bulk of the business.

BVH CEO Christoph Wenk-Fischer told reporters in Hamburg he'd not expected such a sales surge amid the eurozone debt crisis.

Growth prospects

The BVH said they expected e-commerce and mail-order sales to rise even further in 2012, with turnover reaching.

Click here to read the full article.