Tuesday, February 07, 2012

Bank Negara FX Liberalisation

As announced on Jan 30, 2012, the new measures basically open up the way for domestic participants in the capital markets to engage in new fx related instruments for example margin fx trading witht eh domestic banks.... but non Ringgit related. If the participant converts ringgit into say us dollars, euros or aussie dollars, they are free to invest that foreign currency in whatever they want be it domestically created products or foreign products. Opens up a whole new world of trading opportunities....

So, in terms of Bursamalaysia stocks, banks/financial institutions to be rerated upwards?

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From Dragons and Bulls by Stanley Kroll
Introduction and Foreword
The Importance of an Investment Strategy
5 The Art of War, by Sun Tau (circa 506 BC) and The Art of Trading Success (circa AD 1994)
That's the way you want to bet
Long-term v Short term trading
Technicals v Fundamentals
Perception v Reality
Part 1: Winners and Losers
Part 2: Winners and Losers
Sun Tzu: The Art of War
Those who tell don't know, those who know don't tell
Why there is no such thing as a "bad market"
The Secret to Trading Success
The Experts, do they know better?
Risk control and money management
Larry Hite: The Billion Dollar fund Manager
Systems Trading:Kroll's Suggested Method
Buy the Strength Sell the Weakness
Good advice
The 'good bets' business by Larry Hite
Don't lose your shirt
Ed Sykota's secret trend trading system