Trading & Technical Analysis

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…

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…

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…

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…