I would like to bet on the Hungarian forint to weaken against the Euro. (a) What’s the best exchange and contract for me (I’m a U.S. citizen) to do this with, taking into account volume/liquidity concerns? and (b) what would be a good spread trade — in terms of size and expiry-months — to start with? More generally, am I better doing this with futures than with a forex bank account?
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- Talk of a £1.2bn payout warms up Centrica February 3, 2012As an Arctic chill gripped the country, British Gas-owner Centrica warmed up nicely amid suggestions that it could pay a £1.2bn special dividend. […]
My latest forex forecasts and analysis
- GBPJPY – Moving Lower January 30, 2012Last Thursday’s short call on the 240 min gbpjpy chart duly in the overnight Asian session, since when the pair has continued to move lower. The chart shows a healthy red trend, with a red heatmap, red volume with my double timeframe also red I am not expecting a reversal higher any timeRead More... […]Anna
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Archive for currency trading
Categories : Currency
Hello, I see where you have a lot of info on your sites about currency and currency option trading. However, do you recommend a service(s) for trading CME currency futures? And/or currency options? I may have overlooked this. Thanks for your time.
Categories : Futures
Hello Anna, hopefully you may remember me my name is Marcus. We spoke a number of times but not for sometime. Unfortunately due to the current economic climate I had to leave my current company. I am very interested in your site and learning as much as possible to see whether I could develop some form of income through trading. I must confess I really don’t know where to start. Could you suggest the best place and the best markets for a learner trader?? I thank you for your time and appreciate that this site is aimed at women so please say if I shouldn’t really be on here. Thank you – Marcus
Categories : Trading Strategies
Dear Anna, I came across your excellent article on “Choosing your Broker”. I opened an account with OANDA because they provide the services I need (online trading and multicurrency accounts with conversion between currencies at dealing rates). Their spreads are close enough for me, as I don’t plan to do “scalping” or “news trading”. The amount of money I want to convert/trade is quite large (>USD 200,000) and I’m concerned about the possible risk involved in depositing that amount of money in a trading account with them. As they say on their Web site, if they were to go bankrupt or file for bankruptcy protection, I could lose all the money in my account. How secure do you think they are? Are they one of the “good guys”with >$5m net capital? All my impressions of them and what I read about their reputation are positive, but I’m still slightly concerned about the possible risk to my deposits with them, especially in today’s uncertain financial market. Many thanks for your help with this. Best regards, Simon
Categories : Currency
Dear Anna, If you can tell what do you expect for a long term investment for about 2 – 5 years… Is it better to invest in Dollar or Euro…and what in short term till November and December. What do you expect Euro and Dollar outlook in the given circumstances… Hope to receive ur reply in this regard at the earliest. Regards, Zeeshan
Categories : Currency
Hi Anna, Thanks for sharing your experiences and insights. Your articles are very clear and helpful. At present, I am working through 2 books on how to trade currencies – 7 winning strategies (Grace Cheng) and a book in the Dummies series, and I will be taking some psychological tests such as Myers Briggs to determine how I can best use my personality traits to trade for a living. When I have completed the above I will start trading on a demo account with Interactive Brokers. Is there anything else I could be doing to prepare for rading for real? With appreciation and thanks,
Categories : Trading Strategies
Hello Anna, Your site is an inspiration. I have been thinking of becoming a full time FX trader for the last year, and I have been reading up a lot on it. It seems risky but on the other hand it seems like just what I need. What you do for a living is what I have always dreamt of doing, and I really hope this dream can come true for me. I desire to be an expert at something, and this will give me the opportunity to do so. I am also interested in running a business without the usual hassle that traditional businesses go through, and lastly I need a business that will fit around my schedule (I have very young kids). I have never trad ed, I have been trading a demo account for a little over a month, I have been studying loads, and I am still trying to come up with my trading strategy and plan. I would appreciate it a lot if you could become a mentor of sorts, bcos I really need to do this to build some confidence in myself, I currently dont feel like I am an expert at anything, and this really seems like the perfect opportunity for me. The opportunity to make money in FX is a strong incentive, but for me it is much more than that, it will offer me the lifestyle that I have dreamt of. I hope this really works out for me. I would appreciate any word of advice or encouragement from your end. I am ready to put in the hardwork, and I just need a boost of confidence to believe I can be a part of the elite 5% that do make it in FX trading. Thanks for taking the time to read this. Warmest Regards, Kemi
Categories : Currency
Hi Anna Firstly, keep up the great work on the site, I find myself constantly referring to it every few days. Sorry for the e-mail but I just wanted to pick your brain about something. What do you think the retail Forex business will look like in 1-2 years from now after all this has blown over and the Governments have upped the regulations etc. I’m asking because I noticed in one of the forums that some politicians in America are asking for a “Transaction tax” to be applied to certain types of trades (CDS’s, options & futures etc) at a rate of one quarter of one percent of the gross amount (eg 0.0025% on a standard lot of 10000)and there seems to be some feeling that they might target Forex traders.?
Categories : Currency
Hello Anna, I am new to currency trading and have not yet invested any money as I’m still studying the business. Can you tell me where some good places are to get the news for fundamental analysis. Basically where is everyone else looking. I would like to study the effects of different news reports. Also, do you know of any free charts without having to open a demo account (would like to study cause and effect first). I found one at XE.com but the timescales are limited. Finally, what method of trading would you recommend for a novice. Short, medium. I originally saw myself trading shorterm, however there seem to be bigger profits ( and losses, I know) and less transactions with medium term. I would greatly appreciate any input you could offer as I am eager to learn and start demo trading. Thank you Jeff
Categories : Currency
I have never bought or sold currency options. With the U. S. dollar devaluation, I would kindly appreciate your description of how I may purchase currency options to try and overcome the U.S.dollar devaluation. I am a senior citizen with very limited experience in purchase and selling of stock options. Thank you Michael
Categories : Currency
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(c) Financial Times Limited – 2010
- Stocks surge on strong US jobs data February 3, 2012Equities and commodities benefit from robust US employment data with the FTSE All-World index at its best levels since start of August […]
- Dollar rises as jobs boost dents QE3 speculation February 3, 2012The dollar strengthens after US data show a larger than expected rise in employment with investors taking this as a positive signal on the economy […]
- Riot halts Egypt bourse rally February 3, 2012Stock exchange index drops 2.2 per cent following deadly riots, following 28 per cent rise on January. […]
- Aussie dollar hits five-month high February 2, 2012Currency bounces after data shows Australia’s trade surplus rises to a record high in 2011 while Swiss franc loses some of its recent strength […]
- ‘Too early’ to spot gaps in global regulation February 2, 2012Increasing concern differences in the way G20 reforms on derivatives are being fleshed out by region could lead to ‘regulatory arbitrage’ […]
- SNB head warns of political fallout after crisis February 2, 2012Thomas Jordan, acting chairman, says bank has come under domestic political pressure over the potential cost of further interventions […]
- Jordan vow to continue SNB intervention February 2, 2012Thomas Jordan, acting head of Swiss National Bank and thrust into the limelight after his boss’s swift departure, promises to continue radical policies […]
- China’s capital flight looks ready for take-off February 2, 2012As sentiment toward the renminbi sours and the political outlook is more uncertain, Henny Sender predicts more money will leave the mainland […]
- Traders on alert for Swiss intervention February 2, 2012Franc reaches its strongest level against the euro in almost five months, putting it near the level at which the SNB has previously taken action […]
- Production data boost stocks February 1, 2012Risk assets are firmer on better than expected manufacturing data from China, Germany, the UK and US, but concerns about America resurface […]
(c) Financial Times Limited – 2010
- Call for Bumi vote on Rothschild criticised February 5, 2012Person close to the group says investors have long been critical of Mr Hudaya but that the idea of ousting Mr Rothschild is more contentious […]
- Iran softens line on cutting oil to Europe February 5, 2012Iran has indicated that its threat to cut oil supplies to European states in order to pre-empt an EU oil embargo may be only a symbolic one […]
- Brent pulls further ahead of West Texas crude February 3, 2012Commodities enjoy strong start with the price of Brent crude supported by geopolitical concerns and the demise of Petroplus […]
- BP safety committee chief to leave board February 3, 2012The impending departure of Sir William Castell is the latest shake-up at the top of the oil group since the Gulf of Mexico disaster […]
- Dinner that put Glencore-Xstrata on the menu February 3, 2012A series of issues had held up a merger, key among them the governance structure of a combined group […]
- Gazprom cuts gas supplies amid cold snap February 3, 2012Russian company in dispute with European Union as it says countries demand more than it is contractually obliged to deliver […]
- Winter freeze fuels fear of wheat price jump February 3, 2012The freeze in eastern Europe leads to cuts in forecasts but prices soften after Russia says there is no need for export restrictions in April […]
- Investors beware gold’s deceptive beauty February 3, 2012Demand for gold has jumped this year, but its stint as a hybrid between a haven and a risk asset could be coming to an end, says Gregory Meyer […]
- Glencore and Xstrata turn to City dealmaker February 3, 2012Michael Klein, the former Citigroup head of investment banking, helped mediate talks over the proposed merger […]
- Xstrata deal reveals perfect price on Glencore IPO February 3, 2012The proposed $88bn merger endorses Glencore’s much-criticised $10bn, 530p a share flotation, showing that the IPO price was right […]
(c) Financial Times Limited – 2010
- North Asia to lead wave of M&A activity February 5, 2012Japanese and South Korean companies are expected to lead a wave of acquisition activity out of the region this year […]
- Positive employment data lift US stocks February 3, 2012US stocks hit six-month high on news that unemployment fell to a three-year low in January with banks among the main beneficiaries […]
- Stocks surge on strong US jobs data February 3, 2012Equities and commodities benefit from robust US employment data with the FTSE All-World index at its best levels since start of August […]
- Volatile banks push Europe higher February 3, 2012Rapid gains for Société Générale and Crédit Agricole helped the FTSE Eurofirst rise for the fourth consecutive session on Friday […]
- Chartists have a cross to bear February 3, 2012Analysts’ favourite is little help in spotting trends, says David Schwartz […]
- Insurers head gains with FTSE eyeing 6,000 level February 3, 2012London makes broad-based gains with only six FTSE 100 stocks falling as US jobs data and purchasing managers’ surveys lift sentiment […]
- Look before you leap, Mr Zuckerberg February 3, 2012In an open letter to Facebook founder Mark Zuckerberg, Joe Saluzzi of Themis Trading suggests the stock may become a chip in a giant casino […]
- Growing pains for industry in a hurry February 3, 2012A raft of challenges made 2011 the toughest year yet for providers […]
- Asian stocks drift lower on weak earnings February 3, 2012Asian stocks dip ahead of US jobs data later in the day, while downbeat corporate earnings continue to sway investor sentiment […]
- Caesars plans IPO to allow investors to sell February 2, 2012Casino operator makes fresh attempt to list publicly and aims to raise only $18m but move will allow unnamed co-investors the opportunity to exit their investment […]
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