Chen had just completed the 2 months forex education program. At the end of the program, he said in his email that the educator’s trading has shown a valid methodology and he will continue to practice the methodology in his own trading.
Content of his email:
If you wish to learn forex trading from us, do send us an email to metal.commodity@tradingeducationprogram.org. Our course fee is very reasonable and affordable.
I am always skeptical whenever people tells me that using fixed indicators in their forex trading strategy will turn out to be profitable. I can simply perform a quantitative test to prove that using fixed indicators on currency pairs will not work over a period of time. This is because different currencies have different behaviour and this behaviour changes over time as market condition changes. So we cannot use the same indicators for a specific currency pairs for all seasons.
In my view trading strategy can be narrow down into 2 broad categories:
1) Trending following and 2) Reverting to the mean.
1) Trend following strategy means if the trend is up, you follow the direction and buy. If the trend is down, you follow the direction and sell. This is why most people say the trend is your friend. In this case, indicators used for this strategy will be MACD, Parabolic, Bollingerband etc.
Currency pairs that currently belong to this group are EURJPY, EURUSD, USDJPY, GBPUSD.
2) Reverting to the mean strategy means if the price goes up too high, it may be time to sell. Vice versa if the price goes down to much, it is time to buy. In this case indicators used will be Williams, Stochastic, Commodity Channel, RSI etc. If you have been trading long enough, you will know that the trend is NOT always your friend. The trend can be a trap many a times.
Currencies that used to belong to this group are AUDUSD, NZDUSD, USDCAD. But behaviour of these currencies have changed lately due to market's wild move.
So those traders who had previously been successful in trading AUDUSD using stochastic will face serious damage in his trading lately.
To solve this problem I have developed a system that is flexible and adjust itself to market conditions. Quantitative tests are performed on a weekly rolling basis so as to capture up-to-date behaviours and patterns of the various currency pairs. Then using the information from the quantitative test to generate buy and sell signals.
I think this is a more realistic and practical way of trading. Most importantly, it works. If you would to view samples of past trades generated from this system, send an email to me at metal.commodity@tradingeducationprogram.org or metal.commodity@gmail.com.
To find out more about our forex trading course, see here. Our course fee is a small fraction compared to those available in the market.
George Soros has no worries about the global recession. He and a handful of others in the arcane and virtually unregulated world of hedge funds have made a bundle off the global recession.
“I'm having a very good crisis,” Soros says, quoted by the U.K. Daily Mail.
As the Obama administration sets its sets on reining in the industry, Soros and others literally made billions by taking contrarian bets against stocks.
As stocks fell in half, pension funds collapsed and millions of savers watched their 401(k)s founder, Soros made $1.1 billion last year.
“It is, in a way, the culminating point of my life’s work,” Soros told The Australian.
Institutional Investor’s Alpha magazine reports that the best-paid hedge fund managers were paid $11.6 billion last year, the third-best year on record, although down sharply from the $22.5 billion in paychecks they cashed in 2007.
Among the top earners (all are estimates):
• James Simons, Renaissance Technologies, $2.5 billion
• John Paulson, Paulson and Co., $2 billion
• John Arnold, Centaurus Energy, $1.5 billion
• George Soros, Soros Fund Management $1.1 billion
Even if you were pretty bad at running a hedge fund it was a good year, the magazine reported. Average take-home pay for the top echelon was $464 million and the average fund CEO packed away $2 million.
