Trading & Technical Analysis

The ten most important technical indicators to know about

Trading software programs have almost reached the point where there is an overload of capability. Most packages now come with 100-120 different indicators, tests and overlays. Many people who buy software programs will never get to use all of the stuff that the program contains – which means narrowing down the array of indicators to…

Can a charting or trading package make you rich?

Software packages – mostly based on technical analysis – have become a popular investment tool, for the ability they give investors to crunch the price and volume numbers that technical analysis needs, to organise and present the data, and highlight stocks that fit certain technical (or fundamental) criteria. But software packages are not a ‘magic…

Elliott Wave theory spells doom and gloom for the US market

Dinner party chatter around the country has swung from property prices, auctions and renovations to resources stocks and the sharemarket. Sometime in the future, the theme might be investing internationally, or art, but one thing is for sure – a common topic will be found because society moves in waves. Elliott Wave theory, a variety…

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…

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…

A veteran trader warns against complex systems

Roeland Martin was a 21-year old soldier in the Australian Army when he became hooked on reading books about the sharemarket. “Everyone else spent their spare time boozing,” he says. It was the early 1960s and the share-trading world looked very different to today. There were no charting programs and daily newspapers published just the…

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…