9:30–9:45 am: Welcome and Introduction
9:50-10:15 am: Probabilities and trading - Tim Young
Will look at a solution to the Monty Hall problem and probabilities in stock transactions.
10:15-12:00 pm: Trading forex in times of stock market volatility - Tim Young
With the forex market is the world’s largest, with nearly $6 trillion in average daily volume. By trading different currencies against one another, FX traders are not dependent on the market moving in only one direction as a forex trade involves simultaneously buying and selling currencies. Therefore, traders can take advantage of trading opportunities regardless of whether the prices on the chart are moving up or down.
In periods of stock market volatility, the FX market offers trading opportunities that are generally more stable than its equity counterparts.
This presentation will cover:
- Basics of forex
- Is technical analysis the same for forex?
- Is leverage a double-edged sword?
- Trading from the big end of town
- World trading times
- Types of brokers
12:00–1:00 pm: Lunch
1:00–2:00 pm: Chart analysis of selected indices and stocks.
2:00–3:30 pm: “The Big Short” - events leading up to the GFC. – Tim Young
The movie The Big Short portrays events in 2008 when Wall Street guru Michael Burry realizes that a number of subprime home loans are in danger of defaulting. Burry bets against the housing market by throwing more than $1 billion of his investors' money into credit default swaps. His actions attract the attention of banker Jared Vennett (Ryan Gosling), hedge-fund specialist Mark Baum (Steve Carell) and other greedy opportunists. Together, these men make a fortune by taking full advantage of the impending economic collapse in America. Also featured is how two young investors, Jamie and Charlie, took a massive risk in credit default swaps and received a comparable return.
We will look at how in real life Jamie Mai and Charlie Ledley turn $110,000 into $12 million by using the value investment method and then into $130 million by investing into credit default swaps. By “Value investment method” it means they sought asymmetrical returns: you risk 1 to make 10, 20, 100 or even more.
The presentation will include a number of scenes from the movie to help those who haven't seen it understand the characters and events.
The story of Jamie and Charlie is very interesting.
3:30 pm: Close
Next meeting: Sat, 12 May 2018 9:30am - 3:30pm
Next Meeting Venue: Community Meeting Room 2, Logan Central Library, 26 Wilbur Street, Logan Central, Logan City QLD 4114
Next speaker: To Be Advised
Future meetings: Generally of the second Saturday of each month.
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