The expected value is not zero if you EXPECT the exchange rate to change. Say, what's the expected value of a PhD in economics?
There is a 3% difference between spot and the May '08 contract. A 4.5% return in T-bonds and with no exchange fluctuation puts the account "ahead" 1.5% after a...
No, that is wrong. If the renminbi appreciates then so will a contract that represents X renminbi that you paid X dollars to own. Currency futures track exchange rates, as you would expect.
I'm a U.S. citizen looking for a way to buy stocks on the Wiener Borse. Anyone know a broker who can do this? I checked IB but they go only as far as Germany's Xetra. I emailed a company called NeoNet earlier, but I'm not yet sure if they serve individuals. Also emailed the exchange with no...
Snakes scare me and I'm a horrible salesman. If I didn't need the capital my system would not be public. Only been trading it since January. And yes the equity curve is nice so far.
I can't help that it performed so well in the backtest. Does its future performance define whether I've got...