Coordinator’s Message

By Ian Flack

In this issue we begin with an article from Michael McCarthy that puts into perspective the use of algorithmic, or automated trading one of the fastest growing trends in Forex trading. Michael points out that these methods still require the trader to follow the same basic principles they would for any successful trading system.

In the next article Brian Sayers gives us some very sound advice on avoiding fraudulent practices when trading the forex markets. His advice is particularly relevant to new traders of currency markets.

Mark Boulton’s review of OptionsWise how to invest sensibly gives potential readers a thorough explanation of topics covered in this book by Wai-Yee Chen.Mark provides an insight into what options trading strategies are covered and that they are particularly relevant as they focus on ASX listed options. He also provides a link to an associated website with lots of useful information.

This issue concludes with a second book review Option trading: pricing and volatility strategies and techniques. Tim Josling suggests this book is aimed at professional traders. Tim gives us a great explanation of what to expect as well as areas that are not covered in great detail. Anyone trading options should read Tim’s review before investing in this book by Euan Sinclair.

I hope you enjoy this issue and please provide us with feedback. We aim to make this bulletin responsive to the readers needs. We can only do this if you let us know what areas or topics of derivatives trading you would like covered. Thanks again to our contributors.

Ian Flack, Dip TA (ATAA) is an AIA member and private trader who has been trading primarily commodity, index and currency futures for 12 years. He can be contacted on ian.flack@melbournefc.com.au.