Trading & Technical Analysis

Online broking showdown

The past few months has seen the face of online broking change dramatically. A rash of consolidations and the emergence of new players has indisputably revamped the playing field. But is consolidation good news for traders and investors? Over the past year, Australia’s biggest online broker CommSec’s picked up rival online broker IWL; ANZ gobbled…

Traders join iPhone mania

Picture this… You’re on the golf course when you receive important news about one of your stocks via mobile. You calmly log onto your new iPhone trading platform and place a trade while your golfing partner stands by fuming that he has missed out on an opportunity to make a quick few thousand bucks. Welcome…

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…

Trader profile – up 300%, but down $70,000 in a night

At face value, foreign exchange (forex) and share trading have lots in common. Whether it’s shares or currency, the aim is to buy when it weakens in the hope of selling when it goes up in value. But as trader Steve Matthews discovered that’s where the similarities end.  What Matthews learnt about forex trading was…