The Hong Kong dollar is strengthening at a record pace in more than 20 years due to strong inflows into local stocks and favorable money market conditions. Over the past 30 days, the currency has grown by 1% against the US dollar, the fastest growth since 2003. On Monday, the exchange rate reached 7.77 per … Read more
Precious metals prices rose markedly on Monday, with gold reaching a four–month high and silver reaching its highest level since September 2011. On the spot market, gold rose 1% to $3,487 per ounce, while December Comex futures rose 0.8% to $355. Silver added 2.4% to $40.61 per ounce. The increase in quotations is due to … Read more
I’ve Blown Up Accounts With Bots. More Than One. Back when I first started automating, I did what most traders do: I believed the 99% win rate I trusted the perfect backtest curve I ignored red flags because I wanted to believe And like most traders, I paid for it. Not just with money — … Read more