Day: September 28, 2012

September 28
2012

Canadian Dollar Loses Ground against the US Dollar

After firming a bit earlier on the Forex market, Canadian dollar is now falling back. With excitement over Spain fading, and with the boost from better economic data disappearing, the loonie is struggling against the US dollar. Earlier, good news about Canada’s economy helped boost the loonie in Forex trading. The latest day showed that the Canadian economy grew 0.2 per cent between June and July. The increase […]

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September 28
2012

Japanese Yen Mostly Lower Today

Japanese yen is mostly lower today, dropping as Forex traders look for direction in general for the markets. There is just enough risk appetite to reduce demand for the yen, but enough uncertainty that there haven’t been any major moves today. Right now, though, there is a great deal of focus on the bank bailout of Japanese electronics companies. Banks in Japan are issuing $6 billion in new loans to Sharp […]

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September 28
2012

Disposition to Keep Losses and Cut Winners

I have recently read a scientific research paper by Terrance Odean that was published in The Journal of Finance back in 1998. It is called Are Investors Reluctant to Realize Their Losses? The article’s main topic is the disposition of traders to close their winning positions early and keep their losing positions longer. In that particular case, they are stock traders dealing through a discount broker during 1987–1993. To save you […]

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