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A lot of it is quite technical (charting) and I usually skip those parts since I am not into TA.
But there is some great other stuff on central bank issues, and risk and money management - and more importantly, info to help you keep your own results in perspective compared to "professional" currency traders.
Such as this nugget of gold from the Sept issue:
The Parker Global Index of forex managers shows that year-to-date in 2006 both systematic and discretionary funds have lost 2.96 percent, after making a measly 0.02 percent in 2005 and losing 0.01 percent in 2004 — but this followed average annual gains of 6.2 percent from 1999 through 2003 and 20.9 percent from 1986 through 1998. The only losing year from 1986-1998 was 1994. Excluding 1994 from this period, the average annual return was 22.52 percent.
The funds that Parker Global tracks are multi-million dollar funds that have high minimum investment amounts and are designed almost exclusively for institutional investors.
Give yourself a pat on the back if you are making money in 2006. You deserve it.
A lot of it is quite technical (charting) and I usually skip those parts since I am not into TA.
But there is some great other stuff on central bank issues, and risk and money management - and more importantly, info to help you keep your own results in perspective compared to "professional" currency traders.
Such as this nugget of gold from the Sept issue:
The Parker Global Index of forex managers shows that year-to-date in 2006 both systematic and discretionary funds have lost 2.96 percent, after making a measly 0.02 percent in 2005 and losing 0.01 percent in 2004 — but this followed average annual gains of 6.2 percent from 1999 through 2003 and 20.9 percent from 1986 through 1998. The only losing year from 1986-1998 was 1994. Excluding 1994 from this period, the average annual return was 22.52 percent.
The funds that Parker Global tracks are multi-million dollar funds that have high minimum investment amounts and are designed almost exclusively for institutional investors.
Give yourself a pat on the back if you are making money in 2006. You deserve it.
posted by Karin @ 2:23 PM
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