Stocks & Commodities V.

21:12 (8): Opening Position by Jayanthi Gopalakrishnan

December 2003 • Volume 21, Number 12
OPENING POSITION
The Traders’ Magazine TM

EDITORIAL
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T
Editor in Chief Jack K. Hutson
Editor Jayanthi Gopalakrishnan
Managing Editor Elizabeth M.S. Flynn
he recent slide in the US dollar
Production Manager Karen E. Wasserman and a rise in the value of the other
Art Director Christine Morrison major currencies such as the euro, the
Graphic Designer Sharon Yamanaka
Assistant Editor Jennifer Agee
British pound, the aussie, and the loonie,
Technical Writer David Penn have shifted attention to the currency
Staff Writers Dennis D. Peterson, Bruce Faber markets of late. With the currency mar-
Webmaster Han J. Kim
Contributing Editors John Ehlers, Kevin Lund,
kets showing an increase in volatility, it’s
Anthony W. Warren, Ph.D. only natural for traders to be tempted to
Contributing Writers Don Bright, Thomas Bulkowski,
Martin Pring, Adrienne Toghraie, Arthur A. Merrill
absorb the profits from foreign exchange.
In this 24-hour market, where roughly
OFFICE OF THE PUBLISHER $1.2 trillion are traded on average per
Publisher Jack K. Hutson
Credit Manager Linda Eades Gardner
day, where does the individual trader
Industrial Engineer Jason K. Hutson stand? While it is relatively easy for institutions to include currencies as part of their
Project Engineer Sean M. Moore
Promotions Coordinator Mike Flynn array of products, participation for the individual trader is more difficult. Fortu-
Accounting Assistants Jane Leonard, nately, in the last year or so, opportunities for the retail trader to participate in the
Paula McKinnon
Controller Mary K. Hutson currency markets have been opening up rapidly.
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lthough it may appear to be different from trading equities, bonds, or
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Production Coordinator Karen Moore commodities, the basic principles of trading currencies using technical
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