Excellent bit of trading software that went under, perhaps because they wanted to charge silly prices for it. Just got an email to say it is coming back in mid April. I will let you know more when I see the price of using it.
UPDATE
August 5th and still no more news of what is happening with STW and whether it is coming back..
I will try and make contact with them and ask directly. Let you know when I can
Here is the WIZARDGOLD feed URL and all you have to do is set up your feedreader. I use Netvibes as my home page with all my feeds in. Saves me loads of time not having to to go out to visit all the sites I am interested in. The RSS feed just puts the info in Netvibes for me as soon as there is a new posting.
The dollar has dropped like a stone in the last 24 hour, nothing new there. Would be nice to be able to see these things coming and be able to ride the money on it. Gold is till on the way up. Last year I bought gold for $64 an ounce and now it is $93. I would have made more money with that than I did with my abortive attempt to be clever with Forex. I learned my lesson there anyway, I would have been OK if I had stuck with the ForexforSmarties plan I started with. – Such is life.
Anyway the thing is that I won’t be making much from the grid trading as the prices for the EUR/USD and the USD/CHF are way off and out of the grid. The profit and loss figure is still within reasonable levels though on the trade that has been running since December 12th. It started with $435 and now is up to $486 for the balance and I think it could be some time before the robot is able to trade out and start a new position. I will have to be patient and just keep earning the interest.
Just looking at a few stats for my forex account and it looks quite interesting. On the trade presently running it is making 0.67 cents per day in interest. Not much you say !! Take 0.67 cents and multiply by 365 you get 244.55 which when turned into a percentage of the balance as it is now is a whopping 50.28% Which is amazing compared to the interest you can expect at a bank.
Also don’t forget that the 50% interest per year is only the tip of the iceberg, there is also the money to be made from the trading. I have the robot trading for me and whenever there is 2% profit there not including the interest already taken it will close all of the trades and start a new position.
Then on top of that there is the grid trading. So far this month I have nearly 4% of profit just from grid trades. Last month was 5% for the month.
I suppose you could be wondering now why it is you are not trading forex?? Well it is not without risk but if you are following the Forex For Smarties system of trading you will be as protected as you can be, assuming you put reasonable numbers into the calculator or the robot when you set it up.
I was given a free bet the other day from Bwin which was for my birthday. I got up to €30, bacsically they said they would match whatever I put in up to that amount. I used Paypal to put in €27 as that was what I had available in there and now I have an account balance with Bwin of €54 as the credited me with the €27 straight away. Nice one !
Now what I have to do is to lay the bet off on Betfair and cash it out. So I want a pick on Bwin that will lose and a pick on Betfair that will win and odds that are similar. So here is the thing – I am limited with the size of the odds that I can use on Betfair. What I want to do is to lay €54 and if the odds are about 2.20 for example the liability will be about 64. but then there is a chance that the selection will win in which case I will have a larger amount to bet in bwin and less to be able to lay off with on Betfair.
So will I choose higher odds on Betfair? I can do that but the liability goes up again, for example odds of 3.3 will give me a liability of €124 and my account is not that big so I can’t make that bet. I suppose I could break it up and do 2 bets. No there’s an idea that will work and not tie up my balance in Betfair totally.
OK – just started with the Hoffenheim vs Feiburg game and I placed the bet on the draw with Bwin at odds of 3.15 and that will give me €64.50 if it is a draw and I will be down €78 at Betfair I laid the bet off at odds of 3.6. So I am looking for one side or the other to win the game. I think I have done it right. Basically I want the cash to end up in Betfair.
The month of January saw a 5% increase of the balance in the forex account. The draw down is still there at the end of the month so I have not had any profits other than from the grid trading that the robot has been doing. For some reason the robot has missed out putting in some of the repeat orders in the grid trades but it has not been a problem as I like to keep an eye on the robot anyway and I have entered them manually where necessary. While doing so I have extended the range of the trade from entry to where it takes profit to get a bit extra from the trades. That has been successful so far.
5% is not a huge amount of profit but over 12 months at the same rate it would be good enough. Some months it will work out better than that at up to 20% so it will be interesting to see how it pans out in the next months. 5% per month works out to 60% over the year not including any compounding, hmmm nice….
I have been blogging now for quite a few years, first on blogger.com and then with WordPress. This is a wordpress installation and the idea behind this one is that I will bring together all of the various blog subjects into one blog.
I have the Betfair and Forex Blog and Podcast which is the second longest running blog after only the Blogger site which I still have running after about 4 years. The next blog is Spondicious which is about Microstock photography and making money selling my digital photos.
As part of the blogging I do podcasts, both video and audio podcasts and I have even a blog with the hosting I have used for the podcast, though it only gets postings when I have a new podcast ready.
Welcome to WordPress. This is your first post. Edit or delete it, then start blogging!