USA aktsiaturg. Nelli Janson Tallinn, oktoober

Size: px
Start display at page:

Download "USA aktsiaturg. Nelli Janson Tallinn, oktoober 2013. 1 www.lhv.ee"

Transcription

1 USA aktsiaturg Nelli Janson Tallinn, oktoober

2 Tänane seminar:tegutsemine USA aktsiaturul USA aktsiaturud Kauplemisajad/pühad Eel-ja järelturg Kuidas toimub kauplemine? Kuidas erineb Balti börsist? Mida on vaja USA aktsiaturule sisenemiseks? Kust hankida infot? Millal olen valmis kauplemiseks USA aktsiaturul? Kaupleja emotsioonid Küsimused 2

3 USA aktsiaturg NYSE (New York Stock Exchange) vanim ja suurim börs maailmas (asutatud 1792), mille omanik on NYSE Euronext. Üle 8000 noteeritud ettevõtte. NASDAQ (National Association of Securities Dealers Automated Quotation) on suuruselt teine aktsiabörs USA-s noteeritud ettevõtet ja maailma esimene elektrooniline börs (1971). AMEX (American Stock Exchange) Ameerika suuruselt kolmas aktsiabörs, mille omanik on NYSE Euronext ja seal on ka keskmiselt väiksemad ettevõtted kui eelpool toodud suurematel börsidel. 3

4 Tähtsamad indeksid Dow Jones Industrial Average (DJIA) on maailma tuntumaid aktsiaindekse, mis koosneb 30 erinevaid sektoreid esindavast USA suure ja tuntud ettevõtte aktsiatest, millega kaubeldakse NYSE-l. S&P 500 (Standard & Poor s 500) (SPY) on firma Standard & Poor si aktsiaindeks, mille alla kuulub 500 USA börsidel noteeritud suurettevõtet. S&P 500 nimekirja võtmisel võetakse arvesse ettevõtte tähtsus USA majanduses, finantsolukord ning likviidus. NASDAQ-100 on indeks, mis koosneb 100 suurimast kodumaisest ja rahvusvahelisest mitte-finants ettevõttest, mis on noteeritud NASDAQil. 4

5 Kauplemine USA aktsiaturul USA aktsiaturg on väga likviidne, mis on ka selle peamine erinevus teiste ja eriti Balti börsi vahel. Mahud on suurusjärgus, mis meelitab kohale suured fondid. Baltikumi päevakäive ca 1 miljon EUR ja NYSE ca 1 triljon USD Väga efektiivne (aktsiad on tundlikud iga infokillu suhtes) Aktsiaid saab ka lühikeseks müüa (short selling) Suurem valik finantsinstrumente (futuurid, optsioonid) 5

6 Kauplemisajad Ametlik kauplemisaeg on alates 9.30 AM kuni 4.00 PM kohaliku aja järgi. Eesti aja järgi algab kauplemine kuni Eelturg ( ) Järelturg ( ) TURG SULETUD New Year (1.jaanuar) Martin Luther King, Jr. Day (17. jaanuar) President`s Day (21. veebruar) Good Friday (liikuv püha) Independence Day (4.juuli) Labor Day (5. september) Thanksgiving Day (novembri neljas neljapäev) Christmas Day (26. detsember) 6

7 Räägime USA eel- ja järelturust Eelturu/järelturu eripärad: suured ask/bid hinnavahemikud (eraldi tähelepanu tuleb pöörata orderitüübile), vähene aktiivsus/volatiilsus, väike käive, ettevõtted teatavad oma kvartalitulemused alati turuvälisel ajal Eelturu/järelturu eelis: enamus turuosalisi on eemal, on võimalik saada soodsamat hinda, on aega teha eeltööd Eelturu/järelturu ohud: võib osta/müüa liiga kõrgelt/madalalt, liikumised kaootilised, väike käive Päevasisesel turul puudub eelis ja liikumised on väga kiired 7

8 Börsil kaubeldavad fondid (ETF) ETF-de võrdlemine ETF-de uudised, võrdlus Euroopa ETF-d Fonde tutvustav lehekülg Mõned näited: EWJ Jaapani Nikkei indeks FRC Prantsusmaa aktsiaturu indeks EWG Saksamaa aktsiaturu indeks RTH Jaekaubandus XLF Finants SLX Teras SLV Hõbe GLD - Kuld 8

9 Need ahvatlevad ja ohtlikud võimendusega ETF-d.. ProShares UltraShort Silver (ZSL) ProShares Ultra Silver ETF (AGQ) Direxion Daily Gold Miners Bull 2x Shares ETF (NUGT) Direxion Daily Gold Miners Bear 2x Shares ETF (DUST) Direxion Daily Financial Bull 3X Shares (FAS) Direxion Daily Financial Bear 3X Shares (FAZ) ProShares Ultra VIX Short-Term Fut ETF (UVXY) 9

10 Mis on kauplemine? Kauplemine (day trading) on erinevate finantsinstrumentide ost-müük lühiajalises perspektiivis Erineb investeerimisest ajahorisondi pikkuse poolest: positsioone hoitakse mõnekümnest sekundist kuni mõne päevani Eristatakse erinevaid kauplemisstiile Investeerimine pikk ajahorisont, lühiajaline hinnamuutus ei oma olulist tähtsust. 10

11 Kuidas toimub kauplemine 11

12 Ettevalmistus USA turule minekuks Kauplemis/investeerimiskapital (raha, mis pole mõeldud igapäevasteks vajadusteks) Inveteerimiskonto saab avada ka ilma esialgse sissemakseta LHV-s kauplemiskonto avamiseks vajalik min USD Päevakaupleja konto avamiseks vajalik min USD Konto võib avada nii juriidiline kui ka eraisik 12

13 Erinevad kauplemisstiilid Scalping Momentum kauplemine (Momentum Trading) Tehniline kauplemine (Technical trading) Fundamentaalne kauplemine (Flow trading) Swing trading 13

14 Kuidas alustada? I faas eeltöö Tunne iseennast Kogu teadmisi Investeeri paberil Konto avamine Teenustasud, tehniline tugi, analüüsid, töökindlus II faas kauplemine Infoteenused, ideed, analüüsid Riskide haldamine Raha haldamine Turutunnetus Positsioonide sulgemine Emotsioonide kontroll 14

15 Informatsiooniallikad Trade The News (TTN) Briefing Fly On The Wall Foorumid, blogid (LHV finantsportaal, Notable Calls, ZeroHedge,) YahooFinance.com Wall Street Journal Bloomberg Reuters Twitter 15

16 Mõned nõuanded Kogu eelnevalt teadmisi. Pööra tähelepanu kauplemiskeskkonnale. Alusta väikeste summadega. Õpi teiste vigadest. Ära võta liigseid riske. Hajuta riske. Tee oma analüüs ise. Õpi enda vigadest. Ära armu oma positsioonidesse. Ära kauple lõbu pärast. Valmista ette plaan. Ei mingit palvetamist. Distsipliin on kõige tähtsam. Alustajaid huvitab tootlus, eksperte risk. 16

17 17

18 Tänan tähelepanu eest! Edukat kauplemist! 18

Morgan Stanley Smith Barney LLC Futures Clearing Schedule Updated as of Feburary 27, 2013

Morgan Stanley Smith Barney LLC Futures Clearing Schedule Updated as of Feburary 27, 2013 Morgan Stanley Smith Barney LLC Futures Clearing Schedule Updated as of Feburary 27, 2013 Code uct Desc F/O Platform Trd Trd Trd AMEX American Stock Exchange Equity : AMEX12367 (3M) Opt Electronic 0.03

More information

CHAPTER 16. Stocks and Bonds

CHAPTER 16. Stocks and Bonds CHAPTER 16 Stocks and Bonds SECTION 1: Stocks Financial Markets Stocks and bonds are bought and sold in a financial market. Financial markets channel money from some people to other people. They bring

More information

The Dangers of Inverse and Leveraged ETFs

The Dangers of Inverse and Leveraged ETFs The Dangers of Inverse and Leveraged ETFs The Montage Investment Team Inverse and leveraged ETFs are special types of ETFs, or exchange traded funds, that attempt to track the opposite (inverse) movement

More information

SLV - ishares Silver Trust

SLV - ishares Silver Trust Timeline Astrologer's Fund View Levered ETF's Sep Exp 9/18/09 Buy SLV to mid-february Long AGQ 2nd Week October Double SLV position for 3 weeks Short ZSL SLV - ishares Silver Trust Theoretical $P/L and

More information

Leveraged and Inverse ETFs: Strategies for a Changing Economy

Leveraged and Inverse ETFs: Strategies for a Changing Economy Leveraged and Inverse ETFs: Strategies for a Changing Economy Moderated by Tom Lydon President Global Trends Investments, Editor and Proprietor of ETFtrends.com Featuring Chad Norfolk CFP, Vice President

More information

Managing Volatility in Chaotic Markets. Live Webinar July 29, 2010 2:00 3:00 pm EDT

Managing Volatility in Chaotic Markets. Live Webinar July 29, 2010 2:00 3:00 pm EDT Managing Volatility in Chaotic Markets Live Webinar July 29, 2010 2:00 3:00 pm EDT Welcome What is Volatility Volatility in Context Dave Nadig Director of Research IndexUniverse Managing And Capturing

More information

KEY POINTS DISCUSSION

KEY POINTS DISCUSSION Regulatory Circular RG09-97 To: From: Members, Member Organizations Division of Member and Regulatory Services Date: August 31, 2009 Subject: Margin Requirements for Leveraged ETFs and Uncovered Options

More information

DTCC Mutual Fund Services 2016 HOLIDAY PROCESSING SCHEDULE

DTCC Mutual Fund Services 2016 HOLIDAY PROCESSING SCHEDULE DTCC Mutual Fund Services 2016 HOLIDAY PROCESSING SCHEDULE The following is a summary of 2016 holidays and the changes in operations and schedules for Mutual Fund Services. Please note that this schedule

More information

Real Estate GICS Sector

Real Estate GICS Sector Real Estate GICS sector classification may increase investor interest in REITs, decrease REIT correlations with financials and decrease REIT volatility. SEPTEMBER 2015 REAL ESTATE WILL OBTAIN ITS OWN GICS

More information

Trading Calendar. 2008 Holiday Schedule. 2007 Holiday Schedule. Martin Luther King Jr.'s Birthday (Observed) Independence Day

Trading Calendar. 2008 Holiday Schedule. 2007 Holiday Schedule. Martin Luther King Jr.'s Birthday (Observed) Independence Day Trading Calendar 2008 Holiday Schedule January 1 January 21 February 18 March 21 May 26 July 4 September 1 November 27 December 25 New Year's Day Martin Luther King Jr.'s Birthday (Observed) Presidents'

More information

Quant Conference June 2010. Michael Bos Anushree Laturkar

Quant Conference June 2010. Michael Bos Anushree Laturkar Quant Conference June 2010 ETF Trading Michael Bos Anushree Laturkar The US ETF universe holds about 800 billion dollars in assets Category Names Market Cap (B$) Broad-based US index 177 269 International

More information

ACATS - FUND/SERV INTERFACE: No ACATS - Fund/SERV Interface activity will be accepted on Monday, January 19, 2015.

ACATS - FUND/SERV INTERFACE: No ACATS - Fund/SERV Interface activity will be accepted on Monday, January 19, 2015. DTCC The following is a summary of 2015 holidays and the changes in operations and schedules for NSCC Mutual Fund Services. Please note that this schedule applies to Mutual Fund Services only. If you have

More information

A Market Design Perspective on the HFT Debate: The Case for Frequent Batch Auctions

A Market Design Perspective on the HFT Debate: The Case for Frequent Batch Auctions A Market Design Perspective on the HFT Debate: The Case for Frequent Batch Auctions Eric Budish, University of Chicago The Evolving Structure of the US Treasury Market Oct 2015 A Simple Idea: Discrete-Time

More information

How to Trade Intra-Day Gold and S&P500 with Low Risk Setups. by Chris Vermeulen

How to Trade Intra-Day Gold and S&P500 with Low Risk Setups. by Chris Vermeulen How to Trade Intra-Day Gold and S&P500 with Low Risk Setups by Chris Vermeulen Last week was an incredible week for trading the intraday charts. With rising volume and volatility prices began to move up

More information

Collecting a Weekly Paycheck by Trading Covered Calls

Collecting a Weekly Paycheck by Trading Covered Calls December 5 th 2012 Collecting a Weekly Paycheck by Trading Covered Calls In this week s Cash Cow Newsletter we are going to focus on Covered Calls. Writing weekly covered calls has been a strategy that

More information

Trade Date Settlement Date

Trade Date Settlement Date INFORMATIONAL Trade Date Settlement Date Trade Date Settlement Date Schedule For 2001 SUGGESTED ROUTING The Suggested Routing function is meant to aid the reader of this document. Each NASD member firm

More information

Nasdaq Dubai TRADING HOLIDAYS AND SETTLEMENT CALENDAR 2016 - REVISION For Equities Outsourced to the DFM (T+2)

Nasdaq Dubai TRADING HOLIDAYS AND SETTLEMENT CALENDAR 2016 - REVISION For Equities Outsourced to the DFM (T+2) Nasdaq Dubai Notice No : 68/15 Date of Issue : 17 December 2015 Date of Expiry : Upon issue of replacement Circular Nasdaq Dubai TRADING HOLIDAYS AND SETTLEMENT CALENDAR 2016 - REVISION For Equities Outsourced

More information

2010-2013, Gary R. Evans. May be used only for non-profit educational use without permission of the author.

2010-2013, Gary R. Evans. May be used only for non-profit educational use without permission of the author. The physical gold collateral inventory held by SPDR for the GLD ETF: 899.99 tonnes worth $37,881,090,419.57 as of 2:00 PM PST, October 6, 2013. See http://www.spdrgoldshares.com USA ETPs: Exchange Traded

More information

Two Steps Forward, One Step Backtest

Two Steps Forward, One Step Backtest Two Steps Forward, One Step Backtest The gold spot price ($/oz) ( Gold ) has experienced a healthy return year-to-date 2012, increasing 10.56% as of November 21, 2012. Many investors would believe that

More information

292 INDEX. Growth and income style of trading, 12 13 winning strategies (see Winning growth and income strategies)

292 INDEX. Growth and income style of trading, 12 13 winning strategies (see Winning growth and income strategies) Index Aggressive growth strategies, 56 70 all-cap growth, 61 63 call options, 274 first profit, 68 70 generally, 11 market capitalization study, 65 methodology, 56 59, 61 62, 67, 69 70 1-week rebalance

More information

MICROSOFT LYNC LITSENTSIMINE

MICROSOFT LYNC LITSENTSIMINE MICROSOFT LYNC LITSENTSIMINE Katrin Pink, MCTS Volume Licensing, Large Organisations ATEA hommikuseminar - 04.02.2014 Lync Server Enterprise Lync Server Standard Lync Server Ent / Std / Plus ECs (3 SKUs)

More information

ACTIVITY 20.1 THE LANGUAGE OF FINANCIAL MARKETS: DEFINITIONS

ACTIVITY 20.1 THE LANGUAGE OF FINANCIAL MARKETS: DEFINITIONS ACTIVITY 20.1 THE LANGUAGE OF FINANCIAL MARKETS: DEFINITIONS AMEX: The acronym stands for American Stock Exchange, formerly an independent market but now part of the New York Stock Exchange; the AMEX s

More information

Unit 3: Saving & Investing. Investing All About Stocks

Unit 3: Saving & Investing. Investing All About Stocks Unit 3: Saving & Investing Investing All About Stocks What is Stock? Stock is ownership in a company Think about this Wal-Mart began as a single-store business in Arkansas Dell began when it s founder,

More information

Index & Futures Spread bets

Index & Futures Spread bets Our stock indices DFBs aim to replicate the cash price of the underlying index, and are therefore adjusted for dividends [8]. Notes in [square brackets] are detailed in the section below. Daily funded

More information

Types of Stock. Common Stock most common form of stock. Preferred Stock. Companies may customize other classes of stock.

Types of Stock. Common Stock most common form of stock. Preferred Stock. Companies may customize other classes of stock. Stock Market Basics What are Stocks? Stock is ownership in a publicly traded company. Stock is a claim on the company s assets and earnings. The more stock you have, the greater your claim as an owner.

More information

December 10-14 Last Week of Classes/Finals Week

December 10-14 Last Week of Classes/Finals Week 202 3 4 9 20 22 23 24 25 26 27 28 29 3 202 6 7 8 9 20 22 October 202 3 4 5 6 22 23 24 25 26 27 28 29 3 202 3 8 9 20 22 23 24 25 26 27 28 29 202 6 7 8 9 20 22 3 202-203 20 Registration/Classes start at

More information

RATES AND CONDITIONS

RATES AND CONDITIONS RATES AND CONDITIONS General Conditions ACCOUNT FEATURES Access to downloadable platform (CapstockTrader).... CAPSTOCK TRADER ACCOUNT Access to the platform via Internet(CapstockWebTrader).... Access the

More information

A primer on ETFs. Tolmas Wong, CFA, Aug 2008

A primer on ETFs. Tolmas Wong, CFA, Aug 2008 A primer on ETFs Tolmas Wong, CFA, Aug 2008 Outline How ETFs work? The ETF revolution Key selling points Risk factors Equity ETFs Bond ETFs Commodity & currency ETFs ETFs on SGX Managing your ETF portfolios

More information

ALTERNATIVE INVESTMENTS. Understanding their role in a portfolio

ALTERNATIVE INVESTMENTS. Understanding their role in a portfolio ALTERNATIVE INVESTMENTS Understanding their role in a portfolio What are alternative investments? What role can they play in today s approach to portfolio planning and asset allocation? While opinions

More information

Role and Function of Financial Markets

Role and Function of Financial Markets Role and Function of Financial Markets Chris Gan 2010 Role and Function of Financial Markets 1 Structure of unit trust funds Investors $$ $$ Unit Trust Fund Trustee Trust deed Fund manager Portfolio of

More information

JULY 2007. Florida A&M University Payroll Calendar MONDAY TUESDAY WEDNESDAY THURSDAY FRIDAY SAT SUN. INDEPENDENCE DAY State Holiday

JULY 2007. Florida A&M University Payroll Calendar MONDAY TUESDAY WEDNESDAY THURSDAY FRIDAY SAT SUN. INDEPENDENCE DAY State Holiday JULY 2007 1 2 3 4 5 6 7 8 payroll sign up documents, dual/extra state comp INDEPENDENCE DAY State Holiday forms & Deadline for off cycle check request for 7/09/07. Hiring i (Bi-weekly Pay Period 6/15/07-6/28/07)

More information

SLVO Silver Shares Covered Call ETN

SLVO Silver Shares Covered Call ETN Filed pursuant to Rule 433 Registration Statement No. 333-180300-03 April 15, 2014 SLVO Silver Shares Covered Call ETN Credit Suisse AG, Investor Solutions April 2014 Executive Summary Credit Suisse Silver

More information

Investing: Risks and Rewards

Investing: Risks and Rewards Investing: Risks and Rewards Key Terms Stock Dividends Capital Gain Common Stock Preferred Stock A stock is an investment in the ownership of a corporation, represented by shares of the business Things

More information

Stock Market Indicators: Fundamental, Sentiment, & Technical

Stock Market Indicators: Fundamental, Sentiment, & Technical Stock Market Indicators: Fundamental, Sentiment, & Technical January 12, 216 Dr. Edward Yardeni 516-972-7683 eyardeni@ Joe Abbott 732-497-536 jabbott@ Debbie Johnson 48-664-1333 djohnson@ Mali Quintana

More information

Franklin Templeton Investment Funds

Franklin Templeton Investment Funds Franklin Templeton Investment Funds Online ID Name CRNCY Description L4058R498 FRANK EUROPEAN GRWTH A ACC EUR The Fund's objective is long term capital appreciation. The Fund invests at least two thirds

More information

Index Options. James Bittman. Unique Features & Strategies. Senior Instructor The Options Institute at CBOE

Index Options. James Bittman. Unique Features & Strategies. Senior Instructor The Options Institute at CBOE Index Options Unique Features & Strategies James Bittman Senior Instructor The Options Institute at CBOE Disclosures In order to simplify the computations, commissions have not been included in the examples

More information

Growth Investing with CAN SLIM

Growth Investing with CAN SLIM American Association of Independent Investors November 2007 Orlando Growth Investing with CAN SLIM Fred Richards Strategic Investing November 2007 Copyright 2007 Strategic Investing 1 Disclaimer The content

More information

*Cost are calculated using Interactive Brokers commissions interactivebrokers.com

*Cost are calculated using Interactive Brokers commissions interactivebrokers.com Let me start with old school as long as you are opening only buy (long) positions, you can call yourself an investor. Optimal TAA model is adjusting the weight of each asset class (Stocks, Bonds, Gold

More information

School Year Calendar, 2013-14

School Year Calendar, 2013-14 School Year Calendar, - August 2 2 PD for staff 22 PD for staff 2 PD for staff 2 First day for Start of st quarter 2 2 0 September 2 Labor Day Schools and 2 2 2 2 st -quarter progress reports 0 st -quarter

More information

2015-16 BCOE Payroll Calendar. Monday Tuesday Wednesday Thursday Friday Jun 29 30 Jul 1 2 3. Full Force Calc

2015-16 BCOE Payroll Calendar. Monday Tuesday Wednesday Thursday Friday Jun 29 30 Jul 1 2 3. Full Force Calc July 2015 CM Period 1501075 July 2015 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 August 2015 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26

More information

IFEU Fixed Income and Equity Contracts: Trading Days in 2015

IFEU Fixed Income and Equity Contracts: Trading Days in 2015 IFEU Fixed Income and Equity Contracts: Trading Days in 2015 ICE Futures Europe will be closed on the following days: (New Year s Day) (Good Friday) (Christmas Day) Fixed Income Contracts All Fixed Income

More information

2015-2016 VC ACADEMIC CALENDAR. Sun Mon Tue Wed Thu Fri Sat. Sum 11 wk. & Sum II Final Exams. Cancel Fall 16 wk. & Fall I Non-Pays

2015-2016 VC ACADEMIC CALENDAR. Sun Mon Tue Wed Thu Fri Sat. Sum 11 wk. & Sum II Final Exams. Cancel Fall 16 wk. & Fall I Non-Pays August 2015 CC Open 1 2 3 4 SLC Registration Fall 2015 5 6 7 8 Sum 11 wk. & Sum II Final Exams Commencement (No Ceremony) 9 10 Sum 11wk. & Sum II Grades Due 9:00am 11 Final Fall CC Pay Day 6:00 p.m. 12

More information

Outline. Securities Markets. Markets. Money and Capital Markets. Markets Orders Positions Information

Outline. Securities Markets. Markets. Money and Capital Markets. Markets Orders Positions Information Outline Securities Markets Economics 71a Spring 2007 Mayo, Chapter 3 Lecture notes 2.3 Markets Orders Positions Information Primary markets Markets New issues (IPO s, corporate and public debt) Secondary

More information

Pinning and Graduation Ceremony at St. Aloysius. Fall Semester and Term B Classes End. St Francis School of Radiography Seniors Spring Semester

Pinning and Graduation Ceremony at St. Aloysius. Fall Semester and Term B Classes End. St Francis School of Radiography Seniors Spring Semester 2015 2016 Academic Calendar Fall Session 2015 Saturday, August 15 Monday, August 31 Monday, August 31 Friday, September 4 Monday, September 7 Friday, October 9 Tuesday, October 20 Wednesday, October 21

More information

Transfers of securities to RBS plc pursuant to Part VII of the UK Financial Services and Markets Act 2000 RBS plc Part VII Scheme Effective Date

Transfers of securities to RBS plc pursuant to Part VII of the UK Financial Services and Markets Act 2000 RBS plc Part VII Scheme Effective Date Transfers of securities to RBS plc pursuant to Part VII of the UK Financial Services and Markets Act 2000 On 6 February 2010 ABN AMRO Bank N.V. (registered with the Dutch Chamber of Commerce under number

More information

Condor Options Volatility Tracker

Condor Options Volatility Tracker 1/25/ Condor Options 1. Comment As I've noted on many occasions here, the relationship between spot VIX and longer-dated VIX estimates has not "worked" as a directional indicator for at least several months.

More information

Stock Market Q & A. What are stocks? What is the stock market?

Stock Market Q & A. What are stocks? What is the stock market? Stock Market Q & A What are stocks? A stock is a share in the ownership of a corporation. The person buying the stock becomes a stockholder, or shareholder, of the corporation and earns dividends on his

More information

Volatility Tracker: No Surprises in Gold

Volatility Tracker: No Surprises in Gold 11/22/2 : No Surprises in Gold 1. Comment News-making price changes in gold [11] have not been accompanied by any particularly noteworthy behavior in the options market. While it would be wrong to suggest

More information

Chapter. The Stock Market. McGraw-Hill/Irwin. Copyright 2008 by The McGraw-Hill Companies, Inc. All rights reserved.

Chapter. The Stock Market. McGraw-Hill/Irwin. Copyright 2008 by The McGraw-Hill Companies, Inc. All rights reserved. Chapter The Stock Market McGraw-Hill/Irwin Copyright 2008 by The McGraw-Hill Companies, Inc. All rights reserved. The Stock Market Our goal in this chapter is to provide a big picture overview of: Who

More information

The Language of the Stock Market

The Language of the Stock Market The Language of the Stock Market Family Economics & Financial Education Family Economics & Financial Education Revised November 2004 Investing Unit Language of the Stock Market Slide 1 Why Learn About

More information

Professional RN to BSN Cohorts and Bridge to BSN Academic Calendar 2015-2017

Professional RN to BSN Cohorts and Bridge to BSN Academic Calendar 2015-2017 Professional RN to BSN Cohorts and Bridge to BSN Academic Calendar 2015-2017 Professional Academic Calendar: High Desert #43 2015-16 Fall 2015 Term Monday, September 7, 2015 Wednesday, September 16, 2015

More information

Economics Chapter 16 Class Notes

Economics Chapter 16 Class Notes Section 1: Stocks Stocks and Bonds Economics Chapter 16 Class Notes Financial Markets o and are bought and sold in a financial market. o Financial markets money from some people to other people. They bring

More information

A Term 2014 2015 2014 2015 ACADEMIC CALENDAR FOR KAPLAN UNIVERSITY CAMPUSES, LEARNING CENTERS, AND ONLINE PROGRAMS

A Term 2014 2015 2014 2015 ACADEMIC CALENDAR FOR KAPLAN UNIVERSITY CAMPUSES, LEARNING CENTERS, AND ONLINE PROGRAMS A Term 2014 2015 Track A February 2014 Term 1401A First Day of Classes February 26 Last Day to Add/Drop a Class Without a W March 4 Last Day for Students to Request Incomplete April 28 End of Term May

More information

How Wall Street Works Nightly Business Report

How Wall Street Works Nightly Business Report Notes from the PBS video How Wall Street Works Nightly Business Report The New York Stock Exchange located on Wall Street in New York City, is traders can buy and sell stocks and bonds. Two major types

More information

CLARK ATLANTA UNIVERSITY ACADEMIC CALENDAR FALL SEMESTER 2013

CLARK ATLANTA UNIVERSITY ACADEMIC CALENDAR FALL SEMESTER 2013 CLARK ATLANTA UNIVERSITY ACADEMIC CALENDAR FALL SEMESTER 2013 AUGUST 2013 2 Academic Departments Submit Approved Theses and Dissertations for December 2013 Graduating Candidates to School Deans 2 Cancellation

More information

SPREAD BETTING OPTIONS (cash)

SPREAD BETTING OPTIONS (cash) SPREAD BETTING OPTIONS (cash) Market Symbol Dealing Spread Tradefair IM Factor Trading (Margin Req) Hours Min margin per stake (applicable to all short positions) Contract Months Last Dealing Day Basis

More information

Index, Interest Rate, and Currency Options

Index, Interest Rate, and Currency Options CHAPTER 3 Index, Interest Rate, and Currency Options INTRODUCTION In an effort to gauge the market s overall performance, industry participants developed indexes. Two of the most widely followed indexes

More information

Buying and Selling Stocks

Buying and Selling Stocks SECTION 3 Buying and Selling Stocks OBJECTIVES KEY TERMS TAKING NOTES In Section 3, you will discuss why people buy stocks describe how stocks are traded explain how the performance of stocks is measured

More information

UNIONBANC INVESTMENT SERVICES PO BOX 513100 LOS ANGELES, CA 90051-1100. SEC Rule 606 Quarterly Report for the Quarter Ending December 31, 2007

UNIONBANC INVESTMENT SERVICES PO BOX 513100 LOS ANGELES, CA 90051-1100. SEC Rule 606 Quarterly Report for the Quarter Ending December 31, 2007 Note: Broker-dealers are required to disclose any material arrangements with the venues listed in each section below, including, but not limited to, any internalization or payment for order flow arrangements.

More information

NASDAQ DUBAI TRADING AND SETTLEMENT CALENDAR 2015. 1. On US Federal Reserve Holidays, no settlements will take place for USD.

NASDAQ DUBAI TRADING AND SETTLEMENT CALENDAR 2015. 1. On US Federal Reserve Holidays, no settlements will take place for USD. NASDAQ Dubai Circular No. : 65/14 Date of Issue : December 22 nd 2014 Date of Expiry : Upon issue of replacement Circular NASDAQ DUBAI TRADING AND SETTLEMENT CALENDAR 2015 Issued pursuant to the NASDAQ

More information

Chapter 12 INVESTING IN STOCKS

Chapter 12 INVESTING IN STOCKS Chapter 12 INVESTING IN STOCKS CHAPTER 12 WHAT WE WILL LEARN Characteristics of Stock Classifications of Stock Investments Determining a Stock s Worth Calculating Stock Return on Investment (ROI) The Securities

More information

Global Real Assets Strategy Report: Focus on Oil

Global Real Assets Strategy Report: Focus on Oil Global Investment Strategy Global Real Assets Strategy Report: Focus on Oil January 28, 2016 John LaForge Co-Head of Real Asset Strategy Analysis and outlook for the real assets market» Commodity prices

More information

Understanding ETFs. An ETF (exchange traded fund) is a way for you to invest/trade in the market.

Understanding ETFs. An ETF (exchange traded fund) is a way for you to invest/trade in the market. Let s start with the basics. An ETF (exchange traded fund) is a way for you to invest/trade in the market. ETFs are easy to invest in; no broker/financial advisor needed. You can do it yourself. All you

More information

Academic Calendar. Spring Semester 2016 ends. January 18, 2016 May 14, 2016

Academic Calendar. Spring Semester 2016 ends. January 18, 2016 May 14, 2016 October 19, 2015 (M) November 19, 2015 (TH) Academic Calendar Spring Semester 2016 January 18, 2016 May 14, 2016 Spring Semester 2016 On-Time Registration begins Readmission Deadline for Academic Dismissal

More information

Commodity Futures Are Trading at Pivot Points. by Chris Vermeulen

Commodity Futures Are Trading at Pivot Points. by Chris Vermeulen by Chris Vermeulen The commodity futures charts and gold precious metal stocks have be trading with increased volatility as they bounce between support and resistance levels on the daily and hourly charts.

More information

Leveraged ETFs, Holding Periods and Investment Shortfalls

Leveraged ETFs, Holding Periods and Investment Shortfalls Leveraged ETFs, Holding Periods and Investment Shortfalls Ilan Guedj, PhD, Guohua Li, PhD, and Craig McCann, PhD 1 Leveraged and Inverse ETFs replicate the leveraged or the inverse of the daily returns

More information

The Young Investor s Guide To Understanding The Terms Used In Investing.

The Young Investor s Guide To Understanding The Terms Used In Investing. The Young Investor s Guide To Understanding The Terms Used In Investing. The Young Investor Dictionary compliments of Integrity Mutual Funds. YOUNG INVESTOR DICTIONARY Asset Something of value. The property

More information

Day Trade Warrior. Introduction to Trading

Day Trade Warrior. Introduction to Trading Day Trade Warrior Introduction to Trading Introduction to Trading I m a Pattern Trader! I trade Patterns I can lose 40% of the time and still make money because I use Risk Management Principals. Over 60%

More information

Virtual Stock Market Game Glossary

Virtual Stock Market Game Glossary Virtual Stock Market Game Glossary American Stock Exchange-AMEX An open auction market similar to the NYSE where buyers and sellers compete in a centralized marketplace. The AMEX typically lists small

More information

Big Data and High Quality Sentiment Analysis for Stock Trading and Business Intelligence. Dr. Sulkhan Metreveli Leo Keller

Big Data and High Quality Sentiment Analysis for Stock Trading and Business Intelligence. Dr. Sulkhan Metreveli Leo Keller Big Data and High Quality Sentiment Analysis for Stock Trading and Business Intelligence Dr. Sulkhan Metreveli Leo Keller The greed https://www.youtube.com/watch?v=r8y6djaeolo The money https://www.youtube.com/watch?v=x_6oogojnaw

More information

Online Appendix for. On the determinants of pairs trading profitability

Online Appendix for. On the determinants of pairs trading profitability Online Appendix for On the determinants of pairs trading profitability October 2014 Table 1 gives an overview of selected data sets used in the study. The appendix then shows that the future earnings surprises

More information

Dynamics of Leveraged and Inverse ETFs

Dynamics of Leveraged and Inverse ETFs Dynamics of Leveraged and Inverse ETFs Minder Cheng and Ananth Madhavan October, 2009 Important Information The views expressed here are those of the authors alone and not necessarily those of Barclays

More information

Academic Calendar 2015-2016

Academic Calendar 2015-2016 SUMMER EXTENDED SESSION May 16 August 9 Academic Calendar 2015-2016 SUMMER 2015 May 16-17 Saturday- Track A & C classes begin; Official first day of Weekend Program May 18 Monday Students and Faculty should

More information

REASONS TO TRADE STOCK INDEX FUTURES

REASONS TO TRADE STOCK INDEX FUTURES 10 REASONS TO TRADE STOCK INDEX FUTURES 10 TEN REASONS TO TRADE STOCK INDEX FUTURES Because it s difficult for almost anyone to select only the top-performing individual stocks, even in bull market conditions,

More information

0GP BUTTONWOOD PARTNERS, INC. 701 DEMING WAY SUITE 100 MADISON, WI 53717. SEC Rule 606 Quarterly Report for the Quarter Ending December 31, 2007

0GP BUTTONWOOD PARTNERS, INC. 701 DEMING WAY SUITE 100 MADISON, WI 53717. SEC Rule 606 Quarterly Report for the Quarter Ending December 31, 2007 Note: Broker-dealers are required to disclose any material arrangements with the venues listed in each section below, including, but not limited to, any internalization or payment for order flow arrangements.

More information

GUIDE TO TRADING FUTURE CFDs fpmarkets.com.au

GUIDE TO TRADING FUTURE CFDs fpmarkets.com.au GUIDE TO TRADING FUTURE CFDs fpmarkets.com.au DISCLAIMER This education material does not constitute financial product advice and has been prepared without taking into account your personal objectives,

More information

Securities Markets: Trading Financial Resources BUSN

Securities Markets: Trading Financial Resources BUSN 1 Securities Markets: Trading Financial Resources What are the different types of securities issued by a corporation? How are securities issued in the primary market and traded in the secondary market?

More information

WEEKLY ECONOMIC UPDATE

WEEKLY ECONOMIC UPDATE WEEKLY ECONOMIC UPDATE WEEKLY QUOTE The real voyage of discovery consists not in seeking new landscapes but in having new eyes. - Marcel Proust WEEKLY TIP Here s a good reason not to prematurely withdraw

More information

Leveraged and Inverse ETFs Understanding the Returns and Potential Uses

Leveraged and Inverse ETFs Understanding the Returns and Potential Uses Leveraged and Inverse ETFs Understanding the Returns and Potential Uses Featuring Joanne Hill, Head of Investment Strategy for ProFunds Group Suzanne Hamilton, Founder and President of Legacy Asset Management

More information

Standard commissions. Index Tracker CFD spreads. Index-tracking CFD contract details (continuous)

Standard commissions. Index Tracker CFD spreads. Index-tracking CFD contract details (continuous) Standard commissions Index Tracker CFD spreads Indextracking CFD contract details (continuous) Index Tracker Spread 1) Margin required Value of one contract 2) Trading Hours 3) US Tech 100 NAS 1.0 2% USD

More information

Why Should I Invest in the Stock Market Now?

Why Should I Invest in the Stock Market Now? Why Should I Invest in the Stock Market Now? Where Is the Market Headed? Recent volatility has some investors contemplating if they should pull out of the market or sit on the sidelines and wait for the

More information

Leveraged ETFs: Pursuing Daily Targets in Volatile Markets

Leveraged ETFs: Pursuing Daily Targets in Volatile Markets Leveraged ETFs: Pursuing Daily Targets in Volatile Markets The Daily Objective The Direxion Shares Daily 3x Exchange Traded Funds (ETFs) seek to provide daily leveraged investment results that are either

More information

CINCINNATI COUNTRY DAY SCHOOL. Stock Market Game SCRIPT

CINCINNATI COUNTRY DAY SCHOOL. Stock Market Game SCRIPT CINCINNATI COUNTRY DAY SCHOOL 8 TH GRADE - Vincent DiFrancesco, Zack Streit, Shaan Dahar Stock Market Game SCRIPT Slide 1- Zack - Introduction and Name of the Team The Large Caps Vincent DiFrancesco, Zack

More information

CHAPTER 2. Asset Classes. the Money Market. Money market instruments. Capital market instruments. Asset Classes and Financial Instruments

CHAPTER 2. Asset Classes. the Money Market. Money market instruments. Capital market instruments. Asset Classes and Financial Instruments 2-2 Asset Classes Money market instruments CHAPTER 2 Capital market instruments Asset Classes and Financial Instruments Bonds Equity Securities Derivative Securities The Money Market 2-3 Table 2.1 Major

More information

Optioneering Newsletter

Optioneering Newsletter Optioneering Newsletter August 28, 2016 The Dow Monthly No new record high this week, but there s no sign of a top. Last month s close above the 2015 high is solid evidence that the trend is up and the

More information

Hedge Fund Trader. Quick Start Guide by SmartSetups.com

Hedge Fund Trader. Quick Start Guide by SmartSetups.com Hedge Fund Trader Quick Start Guide by SmartSetups.com Risk Disclaimers Trading or investing carries a high level of risk, and is not suitable for all persons. Before deciding to trade or invest you should

More information

SAXO CAPITAL MARKETS TRADING SOLUTION

SAXO CAPITAL MARKETS TRADING SOLUTION SAXO CAPITAL MARKETS TRADING SOLUTION INTRODUCTION TO SAXO BANK 1992 SPECIALISED IN ONLINE TRADING AND INVESTMENT cvc Our parent Saxo Bank is a Danish EUregulated investment bank. Founded 1992 by Kim Fournais

More information

This can also be accomplished for traders with a protective put. Again you own one contract for the put for every 100 shares you own.

This can also be accomplished for traders with a protective put. Again you own one contract for the put for every 100 shares you own. The OEX (S and P 100 index) trading that I teach is that we are not watching whether the market moves up or down to buy or sell, rather looking at the normal ebb and flow of the market, and observing how

More information

Options on. Dow Jones Industrial Average SM. the. DJX and DIA. Act on the Market You Know Best.

Options on. Dow Jones Industrial Average SM. the. DJX and DIA. Act on the Market You Know Best. Options on the Dow Jones Industrial Average SM DJX and DIA Act on the Market You Know Best. A glossary of options definitions appears on page 21. The Chicago Board Options Exchange (CBOE) was founded in

More information

TRADING RULES ONLINE INDEX Asian Index (Non Gulir), CFD US Index (Non Gulir) Effective August 10, 2015

TRADING RULES ONLINE INDEX Asian Index (Non Gulir), CFD US Index (Non Gulir) Effective August 10, 2015 TRADING RULES ONLINE INDEX Asian Index (Non Gulir), CFD US Index (Non Gulir) Effective August 10, 2015 PRODUCTS Symbol Contract Size Asian Index Nikkei (NIK-Contract Month) USD 5.00 per index point Kontrak

More information

RIGHT NOW Is Likely the Best Moment to Buy for Years to Come

RIGHT NOW Is Likely the Best Moment to Buy for Years to Come RIGHT NOW Is Likely the Best Moment to Buy for Years to Come I can t believe it. We ve just been handed an amazing gift... We ve just been given an additional 18 months of massive upside potential. I never

More information

Lecture Two Essentials of Trading. Andy Bower www.alchemetrics.org

Lecture Two Essentials of Trading. Andy Bower www.alchemetrics.org Lecture Two Essentials of Trading Andy Bower www.alchemetrics.org Essentials of Trading Why People Trade Money What People Trade Market Where People Trade Exchanges How People Trade Brokers Orders Margin

More information

APPENDIX 1.D. Mandate Guidelines amleague. Multi Asset Class (The Mandate )

APPENDIX 1.D. Mandate Guidelines amleague. Multi Asset Class (The Mandate ) amleague PROFESSIONAL PERFORMANCE DATA APPENDIX 1.D Mandate Guidelines amleague Multi Asset Class (The Mandate ) Investment objectives 1. Investment Objective and Policy The investment objective of the

More information

Equity Investing Evolved Manage risk, stay invested

Equity Investing Evolved Manage risk, stay invested Equity Investing Evolved Manage risk, stay invested HSBC Buffered Strategies Are you on track to meet your retirement and investment goals? Have extreme market swings prevented you from investing? Would

More information

[because] administrative charges / investment expenses / [and] asset management fees

[because] administrative charges / investment expenses / [and] asset management fees 11 Simple 401k Learn How to Increase Your Company's 401k Account Values by as Much as 30% to 40% The fees and expenses charged within your company's 401k plan could be costing your employees as much as

More information

Get Started Tutorial PDF

Get Started Tutorial PDF Get Started Tutorial PDF By Alessio Rastani leadingtrader.com Qualities of a Good Trader 1) 2) 3) Preparation: Having a solid and proven trading plan Testing your plan Knowing your entry and your exit

More information

DISCLAIMER. A Member of Financial Group

DISCLAIMER. A Member of Financial Group Tactical ETF Approaches for Today s Investors Jaime Purvis, Executive Vice-President Horizons Exchange Traded Funds April 2012 DISCLAIMER Commissions, management fees and expenses all may be associated

More information

Buy, Sell or Hold?: An Overview of Investing

Buy, Sell or Hold?: An Overview of Investing Buy, Sell or Hold?: An Overview of Investing LESSON 21: TEACHERS GUIDE Most of us take financial gambles every day. For example, we might hold off on purchasing a new video game or smart phone in hopes

More information

TREASURY PRODUCTS AND SERVICES MANAGING FINANCIAL RISKS, ENHANCING RETURNS, ACHIEVEING INVESTMENT GOALS 2016

TREASURY PRODUCTS AND SERVICES MANAGING FINANCIAL RISKS, ENHANCING RETURNS, ACHIEVEING INVESTMENT GOALS 2016 TREASURY PRODUCTS AND SERVICES MANAGING FINANCIAL RISKS, ENHANCING RETURNS, ACHIEVEING INVESTMENT GOALS 2016 CONTENT PIRAEUS BANK BULGARIA RELIABLE PARTNER IN THE PRESENT VOLATILE FINANCIAL WORLD FOREIGN

More information

Investment Management. Stocks and Investing Basics of Portfolio Management

Investment Management. Stocks and Investing Basics of Portfolio Management Investment Management Stocks and Investing Basics of Portfolio Management Starting Out Pick Great Companies? HOW, We will discuss Buy and Hold - Persistence 8% loss and cut your losses Learn, Experience

More information