Bộ sách cơ bản về Forex của Admiral
On Monday, March 14, , the U. Comments made by Jean-Claude Trichet, the European Central Bank president, at the G10 meeting held on March 10, in Basel, Switzerland, caused a dip in the value of the Euro and other major currencies against the U. Want to use this as your default charts setting?
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ATAI which rose EGLT which was up AGMH which gained EIDX which was down FORK which lost AMMA which was down Rising stocks outnumbered declining ones on the New York Stock Exchange by to and ended unchanged; on the Nasdaq Stock Exchange, rose and declined, while ended unchanged. AMD rose to 5-year highs; up 5. KSU rose to 3-years highs; gaining 4. EIDX fell to all time lows; down FORK fell to week lows; down Gold Futures for December delivery was up 0. Elsewhere in commodities trading, Crude oil for delivery in October rose 0.
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During that same time, the Australian dollar also rallied from 56 cents to close at 80 cents against the U. This means that if you were in this trade — and many hedge funds at the time were — you would have not only earned the positive yield, but you would have also seen tremendous capital gains in your underlying investment.
Between January and December of that year, the currency rallied from to a high of In addition, at the time, the interest rate spread between the U. Unleveraged, this means that a trader could have earned as much as The key to creating a successful carry trade strategy is not simply to pair up the currency with the highest interest rate against a currency with the lowest rate. Rather, far more important than the absolute spread itself is the direction of the spread.
In order for carry trades to work best, you need to be long in a currency with an interest rate that is in the process of expanding against a currency with a stationary or contracting interest rate. This dynamic can be true if the central bank of the country that you are long in is looking to raise interest rates or if the central bank of the country that you are short in is looking to lower interest rates. Federal Reserve was aggressively raising interest rates from 2.
During that same time, the Bank of Japan sat on its hands and left interest rates at zero. Therefore, the spread between U. This is what we call an expanding interest rate spread. The bottom line is that you want to pick carry trades that benefit not only from a positive and growing yield, but that also have the potential to appreciate in value.
This is important because just as currency appreciation can increase the value of your carry trade earnings, currency depreciation can erase all of your carry trade gains — and then some.
Knowing where interest rates are headed is important in forex trading and requires a good understanding of the underlying economics of the country in question.
He later on competed with peers for a full-time role within the company, which he managed to secure. George Soros is one of the most well known and respected people within the trading community, and is known as the man who broke the Bank of England. Despite being worth a lot of money now, he has not always had a luxurious life, and started out growing up in a Jewish neighbourhood in Budapest, during Nazi Germany.
He moved to London to continue his studies at the London School of Economics; however, worked as a waiter and a porter at a railway station throughout. He grew up in Manhattan in a working-class neighbourhood, where his father worked as a taxi driver and his mother was an admin at a local hospital.
He went on to work hard at his local school, before gaining his economics degree from Stony Brook University. It was shortly after this that his set up his company with his childhood friend, who he met at a local park and just went from success to success. Lloyd Blankfein is better known as the CEO of Goldman Sachs, which is a far cry from his very humble beginnings, where he lived in the Bronx, and shared a bedroom with his grandmother.
Growing up, he worked at the concessions stand at the Yankee stadium, and as a lifeguard to earn some money, and worked hard to earn himself a Harvard scholarship. He attended Harvard Law School, and even became a practising barrister, before he made a career change, and focused on investment banking. It is from here that he has worked his way up the chain, to become a very successful CEO. He left college broker with student debts, and had a young, six-month-old baby to look after.
He then went to work for Goldman Sachs for twenty-five years, but left there and started his own hedge fund, and the rest is history. Both of his parents were Ukrainian-Jewish immigrants, and although he had a very loved childhood, he was not from a privileged family.
He enrolled at City College of New York, but did not graduate, and dropped out half way through. Despite dropping out of college, he went on to be the founder and CEO of Las Vegas Sands, which is a highly successful American casino and resort and how he came about making his billions.
He has made his billions from becoming a highly successful buyout investor, which is such a long way from the life he had growing up. He was born in , and was born and raised in Texas.
He has not always had a privileged life though, and has worked hard to get where he is today. He was born in , and grew up in an under deprived Brooklyn in their housing projects scheme.