Renowned Turtle Trader grossed $US384,000 in his first year
The Turtle Traders’ legend began with a bet between American multi-millionaire commodities trader, Richard Dennis and his business partner, William Eckhardt. Dennis believed that traders could be taught to be great; Eckhardt disagreed asserting that genetics were the determining factor and that skilled traders were born with an innate sense of timing and a gift…
Professional trader makes big bucks from home
After spending eight years in Asia as NAB’s head of trading Doug Goldsmith returned to Australia in 2005 to assist in re-building the bank’s local and global treasury operations following the institution’s $360 million illegal trading and foreign exchange debacle. Six months later Goldsmith put his extensive experience across all products to the test and…
Broker Recommendations – 6 to BUY, 6 to SELL and 6 to HOLD
Michael Heffernan AUSTOCK BUY RECOMMENDATIONS Origin Energy (ORG) An energy retailer, but also a power generator, gas producer and explorer. It’s been an excellent sharemarket performer since splitting from Boral in 1991. It offers a bright future after selling half its coal seam gas assets for US$5 billion to US based ConocoPhillips in a joint…
What does the term scalping mean, and how can a scalper make money on CFDs?
Scalping is a trading technique that involves opening and closing positions intraday in a variety of instruments such as FX, Futures or CFDs; typically “scalpers” will aim to profit from small price movements in their trading positions. They will also tend to trade much more frequently than medium to longer term “trend” following traders. It…
What futures contracts are the most popular and who buys them?
Futures traders normally fall into two groups with each having a typical ‘holding period’, based on the purpose of that futures position. The first group of traders, hedgers, have an interest in the underlying commodity and are seeking to minimise price risk in the physical market. Farmers are typically hedgers, and normally hold positions from…
Why every stock picker should know about ETFs
If there is an investment product that is benefiting from the turbulent times, it is exchange-traded funds (ETFs), which are burgeoning in number, and capitalisation. From $1 billion in market size in 1995, ETFs have grown to a $760 billion market around the world, with about 1500 ETFs trading worldwide. An ETF is a stock…
Use these 5 ratios to unearth superior stocks
We all want to find the next Rio Tinto, but long before it’s trading at $100 a share, or Google when it was a tiny IT company with only a vision. But how do we know that a company will be a superior player over the long haul? What key ratios unlock the secret to…
Why do futures prices converge on spot prices during the delivery month?
Why do futures prices converge on spot prices during the delivery month? Prior to expiry, the price of futures contracts will most likely either be at a premium to the physical or a discount. As the contract approaches expiry these two prices will converge, or meet. Why does this happen? There are a number of…
How CFDs are taxed
If you’ve been unnerved at the market fall, and you dread conversations with your CFD provider, here’s a surefire way to turn the tables: ask your provider about the tax treatment of CFDs Your provider will instantly utter the weasel word “compliance”, firmly state that it couldn’t possibly be seen to be giving individual tax…
Why you should understand support and resistance levels
Why do traders always talk about support and resistance levels? What do they mean and how can traders use these levels to better understand where the market is heading next? Understanding support and resistance levels can greatly assist both traders and investors. It’s all about understanding how prices tend to move. There are usually psychological…
