Financial Future

Volatility and liquidity are two moments to which independent trader George Angell pays attention at trading. Now he leads trading by exclusively futures S&P 500, concluding only intraday bargains and never holding items for the night. «Liquidity and volatility are two things without which it is not to manage. To trade in something like oats within one day it will not be received», — he speaks.

In the early seventies he has become interested for the first time in goods markets. «I have purchased sugar, and it has flied up in the price … then I have purchased copper, and it has flied up in the price, then I have purchased a little more copper. Then the prices have fallen. I have called the broker and ordered to sell it, and he asks – to whom? — Recollects Angell. – then I also have understood that I need to study more». In the beginning of 80 he was directed to the Chicago exchange halls. He was the local trader for the MidAmerican Commodity Exchange, attending basically to gold. Though now he leads trading for himself, not in a hall, and from the monitor screen, he considers the traditional auctions in a hall as “invaluable experience».

«People in a hall are focused on a near-term outlook, — tells Agells. – I have learnt to enter, seize in time a trend, to earn money and to leave». Now, however, he prefers to lead trading out of an exchange. «I in a room one attend to trading. When I enter into a hall, there thousand people. This secular event. People wish to speak about the items, to drink coffee. Because of this it is impossible to concentrate … In its opinion, over the last ten years technological progress revolutionized possibilities for trading.

As he said, the technology has eliminated those advantages which as was considered earlier, the trader in a hall had in comparison with the off-exchange.« From it the mass trader first of all has won. The general public is not able to scalp », — he has explained. He denies base knowledge, absolutely relying on engineering. He has developed two own systems of trading: LSS and Spyglass which uses in the day-to-day operations along with« care and personal experience ».

«Everyone needs any automatic help. It allows undertaking difficult bargains which nobody would began to undertake with a pencil in a hand», — has noticed Angell and has added: «every day I go for work without any opinion constituted in advance … the market speaks to me where he aspires … opinions is that makes you». Though «many people do not have not enough discipline to lead trading without stops», according to Angell, he does not use them. «The problem with stop trading consists in that you leave during the worst moment all possible.

For those who want to participate in forex trading must start from learning the basics of this market to make sure you do not experience problems with this industry.

There is another option – you can hire experienced traders to do this job for you – read more about forex investment here. Also make sure to search for the knowledge in a good forex book.