Developed by J. Welles Wilder, the Average Directional Index (ADX) measures the degree of directional movement and reflects strength of a trend. The ADX line measures the directional movement as an oscillator on a scale of 0 to 100. Readings below 20 reflect a weak trend and readings above 40 reflect a strong trend. Readings
By Dan Blystone As the editor of a website focused on trading and investing I try to keep track of industry related trends and the hot topics of the moment. Notably, the combination of the forex market and automated trading systems has generated a massive hive of interest online. In this article we’ll cover the
A financial crisis that started in July 1997 in Thailand, and affected currencies, stock markets, and other asset prices of several Asian countries, many part of the East Asian Tigers. The Thailand Baht was devalued by as much as 48%, dropping to close to a 100% fall by New Year of 1998. The Indonesian Rupiah
City: Boston2008 Age: 50 Jim Pallotta spent 15 years as a money manager for Paul Tudor Jones at the $18 billion Tudor Investment Corp. According to a letter sent to investors, Pallotta is leaving Tudor Investment to start his own firm. He will retain control of his $5 billion Raptor Global Fund along with Alter
Developed by Michael Jensen, Jensen Alpha measures the performance of a investment in relation to a benchmark. Jensen’s Alpha was initially used in the 1970’s to evaluate mutual fund managers. Positive Alphas suggest strong performance while negative Alphas reflect weak performance. See also: Alpha