I'm going to work out how this works this week.
Anyone here do this while they do their online marketing? ???
Done a bit.. but haven't touched it for a while.
If I were to, I'd go long on GBP/CAD at a couple of quid a point. It's around £1/$1.58 just now, been to a low of $1.50 or so and a high of about $2.50 a few years back. I think IGIndex would have a bet on December prices. Worth remembering that a 'point' is $1.5800 ... hundredths of a cent.
'free money' as they say ;)
(https://th3core.com/chat/proxy.php?request=http%3A%2F%2Fchart.finance.yahoo.com%2Fz%3Fs%3DGBPCAD%253dX%26amp%3Bt%3D5y%26amp%3Bq%3Dl%26amp%3Bl%3Don%26amp%3Bz%3Dl%26amp%3Bp%3Ds%26amp%3Ba%3Dv%26amp%3Bp%3Ds%26amp%3Blang%3Den-GB%26amp%3Bregion%3DGB&hash=af102475b471fafb4c0e0e050c53a76f51a6b203)
I was pretty sure you'd have played around with spread betting Jason. Too bad I couldn't bet on that one ;)
I'm going to try and short Aussie banks.
set a trailing stop loss at 20% higher than the current price.
Set a limit at a 40% price drop.
I figure I should spread across all 7 listed banks and then wait.
I'm going longer term i.e. end of 2011.
I figure bank stocks can bounce up and down 5% of specific news so a 20% buffer should absorb any anomaly while they maintain my theorise downward trend.
Problem is that in me demo account I've already lost £800