There is a new TV programme on tonight on called Million Dollar Traders which is the British equivalent of the Wall Street Warriors programme in the US.

However, the difference with the UK one is that each one of them are rookies and the experiment was to see if it is possible train up 8 people from the streets for two intensive weeks and then allow them to run their own $1 million hedge fund for two months. They were selected in Spring 2008 (just prior to the credit crunch)…..

This is definately worthy watching… I will be setting my calendar to catch this! It’s on 9pm GMT tonight on BBC 2. For those who are going to miss this (or don’t get BBC2 in the UK), you can catch up at a later date by watching online on the BBC iPlayer, http://www.bbc.co.uk/iplayer

To read more:

http://entertainment.timesonline.co.uk/tol/arts_and_entertainment/tv_and_radio/article5466492.ece

Tags: bbc documentary, bbc traders, credit crunch, hedge fund, million dollar traders, tv trading, wall street warriors

A long time ago, I wrote about automated trading, how you could run a ‘trading robot’ on your trading platform and it would open and close your trades for you automatically. This was completely automated and works great.. the only annoying thing is that you need to keep your computer on for the ‘trading robot’ to function. If you want to read that post again, go to:

http://www.makemesomemoney.co.uk/2007/08/24/make-money-while-you-sleep-with-automated-trading-part-2/

Anyway, I found a company who can run the Metatrader software for you and additionally, they can preload two of the currently best selling ‘trading robots’ on the market, FAP Turbo and ForexAutoPilot (or you can load your own)

Basically, you rent a machine of theirs which is running the software and they’ll load the software for you… It’s quite clever and costs you $69.95 a month to run. You can remote control the machine that you are renting to access you trading account. It’s a very clever idea and I recommend that you look at it if you are using any of the Expert Advisors with Metatrader and want to run your trading operation truly 24/7. They promise a 99.9% uptime and if you don’t like it, you can get your money back (before 60 days).

Give it a try, click here to access EZ Forex Host

Tags: automated trading, currency trader, currency trading, expert advisors, fap turbo, foreign exchange trading, forex, Forex trading, forexautopilot, interbankfx, trading robot, trading system, trading systems

First real day back in the markets and obviously keen to get back in..  I went long GBPJPY but suffered from fat fingers and made the mistake of going in a 20x my usual size!! Yes, unbelievable but true and for a while I sat there in misbelief about how stupid I was. Then the price action started to move upwards and I was quickly sitting on profit.. despite the market moving just 10 points before I closed out (due to fear!), I made the equivalent of 200 points in this short space of time! However, the market powered ahead without me for almost another 70 points! Wow, that would have been some serious profit on my account but to be honest, I am not ready to trade at those sizes and I could have easily lost at 20x my stake!

I am happy with what I banked and it was a good start to my trading of 2009!