Introduced in September 1986 by the Economist magazine, the Big Mac Index has achieved notoriety as a financial indicator. The Index is a humerous guide to whether currencies are at their “correct” level – based on the theory of purchasing-power parity (PPP). Purchasing-power parity (PPP) is a theory stating that eventually, exchange rates should move
By Carley Garner The Forex market has quickly become a popular playground for speculative trading; but is it the best arena to be trading currencies? Those looking to profit from fluctuations in currency valuations have two primary trading forums, the spot market often referred to Forex or simply FX, or currency futures which are primarily
Successfully trading the forex market on an intraday basis requires precision and a very careful selection of trades. The enormous scope of the trillion dollar, 24 hour, globe spanning fx market presents a miriad of opportunities for the short term trader – however a day trader in this market must be aware of certain inherent
Sir John Marks Templeton was born in the small farming town of Winchester, Tennessee in 1912. The first person from his hometown to attend college, Templeton worked his way through Yale University along with the help of scholarships and graduated at the top of his class with a degree in economics. He then attended Oxford
J. Peter Steidlmayer is an independent trader who joined the Chicago Board of Trade in 1963. Steidlmayer served on the CBOT Board of Directors from 1981-1983. While a director, he developed Market Profile in conjunction with the CBOT. Market Profile is a technical tool that uses a graphical organization of price, volume and time information.