Trading Online

New Help Features At Trading Online

anna — Mon, 02 Mar 2009 21:35:31 +0000

As I’m sure you know, I have been upgrading all my sites to provide as much information as possible for you, and as well as the regular updates on all the currency pairs, we have recently added a host of new features to the site which I hope you will find useful in your currency trading.

First we have added live currency charts, which cover a huge range of currency pairs, including all the majors, the crosses, the exotics and many that you may never have come across. In all there are over 70 pairs to choose from including many of the Arabian currencies. To change the timescale of the chart simply hover your mouse over the chart and in the right hand corner the options menu will appear, from which you can select the options required. Next we have added an economic calendar which provides all the daily economic and fundamental news for the day and the next few weeks. Major news announcements are highlighted with an explanation and link to the issuing authority. Checking which markets are closed can be an issue, so we have added a page which provides a list of all the national holidays for every country for the year, making it easy to check which markets are open and which are closed.

For the latest currency news we have added a TV video channel, which is updated twice a day, with a morning briefing session, followed by a lunchtime review. The morning session covers the main economic news of the day, and the later session reviews the markets with volume trends, bullish or bearish sentiment, and likely moves in the currency markets. For more general news we have added a live news page, which provides streaming news across a variety of markets. If you need help in choosing your fx broker, we have added a new page to help you, and my own personal view is always to have your currency trading account with an ECN broker if possible, as this allows you to trade against the market, and not against the broker.

Finally we have also added live index charts for all the major indices around the world, a comprehensive list of live stock charts again covering the major stock exchanges, and lastly live commodity charts for the major trading commodities such as oil, silver and gold.

I hope you find all the new features of help, and as always if you do have any questions please do drop me a line at the ask Anna site and I will get back to you with an answer as soon as possible – regards Anna

Covered Call Writing Options

anna — Sun, 22 Feb 2009 15:38:05 +0000

I’m about to get involved in covered calls. I notice you prefer one month just OTM calls yielding 3-5%/month. I find this strategy offers very little downside protection and it would be easy to quickly slip into a loss position. I’m a novice but writing 6-12 month ITM or ATM Canadian bank calls with much larger premiums makes sense to me as it offers greater downside protection, more time to react to a downward movement, a greater opportunity to collect dividends and a greater chance of having my shares “called away” which to me is a plus as I only collect my maximum profit potential when that happens. I may even consider OTM calls if I think the share price has a good chance of going up. I would be happy if this strategy yielded 15-20% annually. Your comments would be greatly appreciated Anna. Thank you from Vancouver, BC, Canada

Hungarian Forint

anna — Sun, 22 Feb 2009 15:34:37 +0000

I would like to bet on the Hungarian forint to weaken against the Euro. (a) What’s the best exchange and contract for me (I’m a U.S. citizen) to do this with, taking into account volume/liquidity concerns? and (b) what would be a good spread trade — in terms of size and expiry-months — to start with? More generally, am I better doing this with futures than with a forex bank account?

Currency Futures & Options

anna — Sun, 22 Feb 2009 15:30:23 +0000

Hello, I see where you have a lot of info on your sites about currency and currency option trading. However, do you recommend a service(s) for trading CME currency futures? And/or currency options? I may have overlooked this. Thanks for your time.

How To Start Trading

anna — Sun, 22 Feb 2009 15:19:28 +0000

Hello Anna, hopefully you may remember me my name is Marcus. We spoke a number of times but not for sometime. Unfortunately due to the current economic climate I had to leave my current company. I am very interested in your site and learning as much as possible to see whether I could develop some form of income through trading. I must confess I really don’t know where to start. Could you suggest the best place and the best markets for a learner trader?? I thank you for your time and appreciate that this site is aimed at women so please say if I shouldn’t really be on here. Thank you – Marcus

Miserable Days Trading On Friday

anna — Sun, 22 Feb 2009 13:48:41 +0000

The Dow Jones Industrial Average closed at its lowest level since 2002 with a fall on the day of 1.3%, along with the S & P which fell 1.1%. The Nasdaq was marginally better down less than 1%. Telecoms and materials were the best performing groups of the day, with utilities and energy being the worst.

Financial Spread Betting Market Rollover

anna — Sun, 22 Feb 2009 13:40:35 +0000

Hi Anna. For financial spread betting, if I choose to let my daily market bet roll over to the next day, will I incur any cost other than the “relative funding rate”, even if the stock price is unchanged? What I am worried about is that I will also be charged for half the spread. Example: say the stock quote is 100 – 105 and I choose to buy at 105. If the stock price doesn’t change at the end of the day (and I let it rollover) then will I also be charged the 2.5 points between the mid price and buy price? Hope this makes sense! Thanks, Mark

Commitment Of Traders Reports

anna — Sun, 22 Feb 2009 13:38:07 +0000

Hi Anna, I see that you use the change in open interest as an early indication of possible market direction change. I was wondering if you also use the Changes in Commitments from the previous week to help you in your decision for making the trade. I might be totally of base on this because I have not seen any of the previous weeks information yet so it might not even show me how this would work. I just can’t seem to find previous weeks data. I appreciate your help on this question and God Bless! Doug

Volume Spread Analysis

anna — Sun, 22 Feb 2009 13:34:37 +0000

Hi Anna, I found your site because I was googling on Market Makers. Your articles on the topic was very helpful. It isn’t a topic that’s talked about much but it really deserves more attention. After all, any of us private traders are essentially battling against the MM. You’ve touched on a few examples and explain them from an MM’s perspective. I’ve not really thought about it in those terms even tho I’ve simply remembered the axioms like “higher prices on declining volume is bearish.” Do you have more examples covering volume and price synchronous interpretations? Is there a book perhaps you’ve come across that summarizes this topic? I look forward to learning more on this topic. Many thanks! Xin

Stop Loss Placement

anna — Sun, 22 Feb 2009 13:31:53 +0000

Dear Anna, i am a small intraday trader. i want to ask a question, “where i have to set stop loss order”? in order to prevent more loss.