вторник, 22 мая 2018 г.

Jim rogers forex


Jim Rogers: A Trading Success Story.
Eugene Fama and other renowned economists have long argued that neither individual nor professional traders can consistently beat the market. However, there are a few legendary traders that prove that beating the market is indeed possible. Many analysts might attribute their success to highly sophisticated trading strategies or divine intervention, but their method to their success is usually much more mundane.
We recently had the privilege of interviewing Jim Rogers, one of the most successful traders over the past century. Both amateur and seasoned traders can learn a lot from Rogers as they create their own trading strategies. Rogers states that traders can beat the market by specializing in trading securities in industries or asset classes where they are experts. If you aren’t familiar with Rogers, we have provided a brief background on him, so that you can better appreciate the feedback he offers.
Jim Rogers is a Trading Success Story.
Rogers is widely regarded as one of the greatest traders of the 20 th Century. He began his career on Wall Street shortly after graduating from Yale. However, Rogers quickly realized that working for an investment bank wasn’t the path to true financial freedom, so after three years of working at Arnhold and S. Bleichroder, he and Soros left to start the Quantum Fund.
In 1977, Rogers became a millionaire at the age of 35. Four years after making his first million, Institutional Trader magazine called Rogers “the world’s greatest money manager.”
Rogers success can largely attributed to his unique strategy of focusing on placing highly leveraged trades based around global macroeconomic events. While critics find some of his investing practices controversial, Rogers is also recognized as a trading success story.
Rogers’s Advice for Aspiring Traders.
Rogers is unquestionably one of the greatest traders in the world. However, he consistently warns other traders not to follow his advice. He states that traders should find a system that works for themselves rather than following the same roadmap of any other traders, including him.
However, Rogers has provided some great lessons that every trader can benefit from. Here are some of his tips that both amateur and professional traders should follow.
Buy Low and Sell High.
Even the most inexperienced traders understand that they should buy low and sell high. Unfortunately, cognitive dissonance typically prevents traders from following this seemingly basic and crucial principle.
One of the biggest reasons that traders fail to buy low and sell high is that they can’t gauge the direction of a stock or commodity price. Rogers said that traders need to identify extremely cheap assets and learn to tell when the prices are going to increase.
This is one of the reasons that he is currently avoiding U. S. stocks. Last month, he wrote on his blog that the U. S. stock market is higher than any year since 1929, which means that there are few opportunities for traders to make a return. In fact, he has predicted that a major stock crash will occur in the near future, which will force the Federal Reserve to inject money to stimulate it.
Rogers recognizes that undervalued markets offer many more opportunities. He is currently investing in the Japanese and Chinese stock markets, because they are currently 60% below their all-time highs.
Invest in What You Know.
Whenever people ask Rogers’s for investing advice, he tells people to invest in what they know. Everybody has a wealth of knowledge about something, so they should buy in industries where they can understand trends better than the average trader.
“If you are keen on cars, read everything you can about the automobile industry,” Rogers says. “You will know when something is about to happen that constitutes a major, positive change.”
Here are a couple of ways that Rogers has put this idea into practice:
Rogers invests heavily in the energy sector. He has a professional background in the sector and founded The Rogers Global Resources Equity Index, so his expertise has enabled him to forecast trends in the industry before other traders, which allowed him to beat the market. This is consistent with his belief that people should invest in what they are experts in. He invests a lot of money in Asian markets. Since Rogers lives in the Philippines and has visited Russia, his firsthand experience with these economies gives him a large advantage over other traders. He once made a fortune shorting the Russian ruble, but recently said that he is considering buying the currency, because he believes that President Putin is taking the country in the right direction. His unparalleled knowledge of Russia clearly gives him a different perception of the country’s economy than other traders.
Everyone is an expert at something, so Rogers argues that they should use their special knowledge and skills to gain an edge in the markets.
Understand How Markets Work.
Rogers said that markets often behave irrationally longer than traders remain solvent. Traders must learn to discern real world market behavior from the trends they expect the market to follow. You may be able to successfully predict the direct of the market, but you will still lose money if you can’t ride the market out until it is time to close your positions.
Rogers learned this the hard way when he first began trading and tried short-selling six companies. Rogers accurately predicted that these companies would eventually go bankrupt, but they rose in value for several years before that. While his prediction was right, Rogers got wiped out when the value of these companies rose and his broker made a margin call.
In a discussion with Hard Asset Trader, Rogers said that he still feels he isn’t good at market timing. However, he has learned the importance of keeping maintaining enough capital to wait out the markets until it is time to close his positions.
The most important thing is to avoid being overleveraged. Rogers said that markets do stupid things, so you will need to have enough of a reserve to make sure that you can wait out those periods.
How do traders know if they are overleveraged? Traders themselves are their own best barometer of that. Rogers said that traders that spend the entire day following changes in the market instinctively know that their margin is too high. These traders are highly anxious, because a small shift in the wrong direction can wipe them out.
He started stating that traders were overleveraged several years before the financial collapse, but few traders heeded his warnings. Rogers actually began shorting U. S. equities and debt in 2006, because he recognized that the Federal Reserve policies had created a financial bubble that would burst within the next few years. He continues to urge other traders to avoid repeating these mistakes to avoid facing similar financial catastrophes.
Rogers states that traders need to thoroughly understand market behavior and the impact of Federal Reserve policies before playing in the markets.
Spend Less Time Investing.
Paradoxically, Rogers claims that the best way to be a better trader is to typically spend less time investing. “”Most successful traders, in fact, do nothing most of the time,” he states.
The biggest mistake is that many traders become cocky after they make a lot of money. They may become overly convinced of their abilities, which can lead to them making some very poorly informed decisions.
Rogers feedback comes from personal experience. Around the time he started trading, he tripled his money in three months. He then got careless and was wiped out in two months after trying to short sell after a market rally.
Rogers told us that Hubris led to him making very bad decisions, so other traders shouldn’t do anything unless they are absolutely sure that they are making the right move.
Shun Diversification.
Most stock brokers focus heavily on diversification. Major brokerage firms such as Fidelity and Vanguard focus on top-down hierarchal approaches to investing. However, Rogers argues that diversification is a bad practice for growth traders.
“If you want to make a lot of money, resist diversification. Brokers promote the motion that everybody should diversify. But that is mainly to protect themselves. The way to get rich is to find what is good, focus on it, and concentrate your resources there. But make very sure you are right,” he states.
Rogers attributes his track record to his ability to understand some markets and industries very well and focusing on them exclusively. He encourages other traders to follow similar practices.
Traders Should Find Any Strategy that Works.
On the surface, most of the advice Rogers has shared may seem very simplistic. However, it is also worth its weight in gold for all traders.
The biggest takeaway from our interview with this legendary investing guru is that there isn’t a single path to success. He said that traders will need to follow the strategies that work best for them. For example, while Rogers doesn’t have any experience with algorithmic trading, he said that traders that have a knack for it should absolutely use it if it works for them. If they wish to become a trading success story themselves, they should be confident in their own strategy rather than listening to tips from their broker or other financial professionals.
Who is Jim Rogers?
Jim Rogers is a lifelong entrepreneur and trader. He founded his first business at the age of five selling peanuts. In 1973, he partnered with George Soros to found the Quantum Fund, which has become one of the most successful hedge funds in the world.
Rogers has justly earned a reputation as an investing genius. Between 1973 and 1983, the value of the Quantum Fund increased 4,200%, a return nearly 100 times larger than the S&P. The fund returned 3,500% by the time that he retired.
What is your favorite part of Jim Rogers’ story? Share your thoughts below.
Great Interview, Great Work Shaun.
Alberto Vasquez says.
Thoroughly enjoyed that interview and his approach to markets..Thanks Shaun.
It was a real pleasure meeting him in person. I got a lot out of it, personally.
Pete Hoffman says.
I was thinking Jim Rogers has earned more from endorsements and appearance fees, than his rubbish recommendations/promotions the last 10 or so years. What is his PROVEN track record since leaving Quantum Fund? Do you think Jim held his Japanese/Chinese stocks he was “currently buying” at the time of this interview? Or is he still kicking himself for staying out of US Markets? Still waiting for Crude to ‘go much higher as the world is running out of it” from 2013 $95, waiting for the $US to crash 2011 to 2015 (5 calls), then claiming he has been in $USD for 1-2 yrs. Waiting for commodities to rise above his fear mongering calls on Oct ’08 (“We’re facing an inflation holocaust::I’m buying agricultural commodities”), Apr 2012 (“Lots of growth left for agriculture investors”), June 2012 (“Buy commodities now or you’ll hate yourself”), Jan 2013 (“We will make money in commodities because of supply shortages’), and the best at March 2014 high (“farmers will be driving Lamborghini’s, stockbrokers will be driving tractors”). Have you seen agricultural indexes the last 10 years? Telling people on TV he’s buying the Russian Ruble in 2011, 12,13 & 14, yet he a Russian market genius. Also, April 2013 (“Don’t sell your Gold or Silver” when Gold was $1600, Silver was $27). Fortunately we trade for ourselves and have used Jim as a fairly accurate contrarian indicator over the years (ie, do the opposite). Was wondering what fact checking you did before meeting with his unquestionable trading greatness?
Do I have to dig through everyone’s track record before I interview them? He wasn’t on there shilling a product. It was just a conversation.
Pete Hoffman says.
True, and it was a great conversation, enjoyable to watch. Must apologize, as re-reading my original comment is overly rude and arrogant, I have no doubt Jim is a great bloke, yet his self admitted timing is below ordinary. Guess I’m tired of seeing guru’s, experts and trading geniuses in the media, as they’re called, influencing newbies and people wanting to succeed in finance, with grossly consistent poor calls and opinions. Jim’s philosophy and ideas are great though. Thank you.

Jim rogers forex


Jim Rogers is well known, to many watchers of financial news programs as the witty and entertaining guy with the bow tie and while he is always good fun to watch, he is also, one of the world's best traders and in this articles, we will look at his trading technique and get some tips, all traders can use for profit.
Rogers is Chairman of Rogers Holdings and is most famous for setting up the Quantum Fund with another legendary trader George Soros. The fund is probably one of the best known funds of all time, was set up in 1973 and enjoyed spectacular success. Over a 10 year period, assets under management increased by 4200% while the S&P 500, made under 50%. The Hedge fund was one of the first, to see the big picture and trade with a worldwide trading strategy. One of the keys to the success of the fund was, to note correlations between markets and different assets and seek out and zero in on the best opportunities.
So what makes, Jim Rogers one of the top traders of all time and what can we learn from him? Lets take some famous Jim Rogers quotes and discuss there signifcance, in terms of making long term profits in the markets.
Tips on Making Money from Jim Rogers.
“ One of the best rules anybody can learn about investing is to do nothing, absolutely nothing, unless there is something to do…They just can’t sit there and wait for something new to develop”. (Jim Rogers)
If you learn to be patient when trading, you will make bigger profits, have less risk, be less stressed out and spend less time on your trading strategy but make bigger profits. Patience in my view is one of the key traits needed to make consistent long term profits from the markets.
Most traders want to trade and make the markets give them money but trading doesn't work like that – if you trade just becuase you feel you should be doing something, you will lose because you won't be focusing on the best chart set ups. Also keep in mind as soon as you put a trading signal in the market – your money is at risk and its prudent ONLY to put money into a currency pair when you have the best chance of winning – there is an old saying which is the “best trade is no trade” and if you learn to prasctice it you will make better returns and have less in the way of drawdown.
The hype around Forex is all to do with making quick money and using scalping or day trading strategies to do this but this is what the losers do. Winners are patient and wait for the best opportunities to occur. I think the quote below neatly sums up the advantages of being a patient trader:
“ I just wait until there is money lying in the corner, and all I have to do is go over there and pick it up. I do nothing in the meantime. Even people who lose money in the market say, “I just lost my money, now I have to do something to make it back”. No you don’t. You should sit there until you find something”. (Jim Rogers)
"My basic advise is don't lose money" (Jim Rogers.)
It's true of course and money management is thr foundation, any successful trading strategy is based on but there is no practical advice in the above quote but there is on learning the basics and to think about what your doing and if you do, you will end up with a successful trading system.
The Importance of Knowing the Basics and Thinking for Yourself.
Most traders dont study the basics and bother to learn the real facts about trading. Instead, they fall for the myths the crowd believes and of course – the crowd, awlays end up losing:
“ Never act upon wishful thinking. Act without checking the facts, and chances are that you will be swept away along with the mob.” (Jim Rogers)
If you study the markets and learn how and why, they really work, you will avoid the traps of crowd thinking and avoid tradinng techniques whcih lose money which are discussed elsewhere on this site.
Dont Try and Understand – Observe Think Act Contrary.
“ Acknowledge the complexity of the world and resist the impression that you easily understand it. People are too quick to accept conventional wisdom, because it sounds basically true and it tends to be reinforced by both their peers and opinion leaders, many of whome have never looked at whether the facts support the received wisdom. It's a basic fact of life that many things "everybody knows" turn out to be wrong.” (Jim Rogers)
Many people look at the market and think they move to logic and order but the problem with this view is - there is no logic and no order. The market is a group of humans which respond as much to greed and fear, as the facts so its a volatile and unpredictable arena to try and make money in.
Forget Perfect Market Timing.
“ I am not the best person to ask, you know I am terrible at market timing” (Jim Rogers When asked if he thought the Dollar was going up)
Most traders want perfect market timing and are always trying to buy bottoms and sell tops. These traders end up losing their trading accounts. What Jim Rogers is saying above is he is not terrible at market timing really, he just is prepared to miss a bit of the move to confirm his trading signals are executed in trends in motion – the market turn or trend need to be confirmed before he acts.
This is sound basic advice for any trader - always get confirmation of trading signals in terms of, trend direction before placing them in the market. Don't try and get all the trend and predict makret turns its impossible, just try and get in, when the risk reward is at its best and you will make money long term with your trading strategy.
Long Term Trend Following for Profit.
"I haven't met a rich technician" (Jim Rogers)
Jim is a long term trend follower and this means he pays more attention to the fundamentals than the technicals but think the above quote is a bit “tongue in cheek” as he does admit to looking at charts for value purposes. In terms of trading strategies, I actually like a technical system to time but like to know the bullishness or bearishness, of the long term fundamentals because they show up in the big trends on a chart. If trend following, it helps to know the big picture behind the charts.
Believe in Yourself.
“ Swim your own races.”
The above really means – do your own thinking and if you do, you will be surpised at what you spot that others don't. If you have done your homework, understand the crowd and trade without emotion, you will soon learn to trust your judgement on trades and avoid the losing majority.
He's a clourful character and now lives in Singapore and is one of the top traders of all time and the quotes above are great tips for profit. I would also strongly advice you read the excellent interview with him, in the book Market Wizards by Jack Shwager.

How To Invest Like Jim Rogers.
Making millions and retiring in your 30s is every investor's dream. But for legendary commodities trader Jim Rogers, it was just the beginning of a career on Wall Street that has spanned six decades and produced a net worth in the hundreds of millions.
Rogers' amazing success was built on his uncanny ability to spot long-term trends well before the masses, earning him a reputation as a contrarian. But now, after "retiring" at 37, scoring huge gains in commodities in the early 2000s and correctly predicting the financial and housing crisis, Jim Rogers has his sights set squarely on what he calls one of the greatest opportunities he has ever seen.
Jim Rogers' Biography.
In 1973, Rogers and Soros started the legendary Quantum Fund, producing a staggering 4,200% return in the next 10 years while the S&P 500 gained just 42%. That incredible success early in his career enabled Rogers to retire at the age of 37.
Since then, Rogers has remained active as a private trader and investor, scoring several big wins along the way. He also wrote a well-received book, "Investment Biker," that chronicled his 1990 motorcycle trip around the world.
Jim Rogers' Investment Strategy And Big Wins.
Rogers is known as a contrarian investor. His willingness to go against the grain and buck popular opinion has produced some of his best ideas.
Rogers has a knack for spotting a long-term trend long before the masses. He was a pioneer in international investing with his Quantum Fund in the 1970s and early '80s. He called the commodities boom in the late '90s, launching his Rogers International Commodity Index in 1998 -- well before the commodities boom of the 2000s ripped across the Street. He also cashed in on the financial crisis of 2008, shorting Fannie Mae before shares crashed from above $60 to just pennies.
The hallmark of all Rogers' trades and investments is patience. Whether he was waiting for the commodities boom in the early 2000s or betting against financial stocks in 2008, Rogers emphasized the important of patience to execute a great trade or investment: "I just wait until there is money lying in the corner, and all I have to do is go over there and pick it up. I do nothing in the meantime."
Jim Rogers' Portfolio: What's He Holding Now?
"We're going to have serious food shortages, not just in America but in the world," Rogers has said. "When I speak to universities and students, I tell them all they should be studying agriculture. The farmers are going to be driving Lamborghinis. . There are a few parts of the world economy that are going to boom over the next few years -- agriculture is one of them. It's not going to be all disaster."
Rogers is also bullish on commodities, saying central banks' easing efforts will support hard assets. He particularly likes precious metals such as gold and silver. In 2011, Rogers said: "In 1987, stocks went down 40% to 80%. But now you don't even remember 1987 -- it looks like a blip if you look at it. That's what's going to be happening with silver and gold."
Rogers is also investing in Asia on the belief that the Eastern Hemisphere is in the early stages of a long-term economic boom. Rogers has said that "if you were smart in 1807, you moved to London. If you were smart in 1907, you moved to New York City. And if you are smart in 2007, you move to Asia."
That's exactly what he did, moving to Singapore in 2007 to capitalize on regional growth and enable his daughters to learn Mandarin.
In February 2011, Rogers started the Rogers Global Resources Equity Index, an index fund that focuses on the best, most liquid companies in agriculture, mining and metals, as well as the energy and alternative energy sectors. 
Action to Take -->  It has never been easier to invest like Jim Rogers: He offers a number of exchange-traded notes (ETNs) that enable investors to follow his customized strategies, which he personally manages. These ETNs include the RBS Rogers Enhanced Commodity Index ETN ( RGRC ) , RBS Rogers Enhanced Agriculture ETN ( RGRA ) and RBS Rogers Enhanced Precious Metals ETN ( RGRP ) . However, these ETNs are relatively new and thinly traded, meaning they're not too liquid yet.
For investors looking for more liquidity and trading volume, check out Market Vectors Agribusiness ETF ( MOO ) , an exchange-traded fund comprising agriculture stocks. For exposure to agriculture commodities, take a look at iPath DJ-UBS Grins ETN ( JJG ) , an ETN that tracks the price of corn, beans and wheat, three leading agriculture commodities. With average daily volume of 319,000 and 29,000, respectively, both of these investments provide more liquidity, which reduces slippage and volatility.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of NASDAQ, Inc.

How to trade forex like Jim Rogers.
Jim Rogers is a legendary trader/ investor who came to prominence in the early 1970’s when he set up the Quantum Fund alongside George Soros.
The Quantum Fund is one of the best performing hedge funds of all time and it’s success allowed Rogers the luxury of being able to retire from Wall Street at just 37. Since ‘retiring’, Rogers has been around the world on a couple of occasions, setting world records in the process, and continues to trade his own account successfully.
A guest post from ForexTime.
Buy when something is severely depressed.
Rogers is most commonly associated with commodities and it’s true that he has written a couple of books on commodity trading.
However, to say that he ignores other asset classes is completely false and Rogers has been a key figure in a number of high profile forex trades over the years.
Currently, Rogers has spoken that he is long the US dollar, owing to it being the best of a bad bunch, and regards the Chinese Remnimbi as a potential target, once the currency becomes freely exchangeable. He concludes that aggressive monetary easing by central banks will ultimately lead to the depreciation of the greenback and also feels the euro will eventually have to break up.
Rogers’ strategy, though, is not based on short term fluctuations or trends but the long term fundamentals that impact markets. He could best be described as a contrarian who likes to buy things amid fear or panic or when they are ‘severely depressed’.
Indeed, Jim is often quoted as saying he simply ‘waits till there is money lying on the floor and then goes over there and picks it up’.
Homework is key.
To trade forex like Jim Rogers therefore requires going against the herd. It requires finding those currencies that are extremely oversold or overbought, perhaps due to some fundamental reason such as war or natural disaster.
In fact, Rogers has mentioned that he has made an awful lot of money buying the currencies and stocks of war torn nations. For Rogers, investing in this way ensures he is never too far away from the bottom.
Key to Rogers’ success though, ultimately comes down to an intense dedication and a lot of homework. He likes to study the fundamentals rigorously before making any trades and will always be alert to political events.
Rogers mentions in one of his books that he sometimes wishes that markets traded through the weekend, such is the pleasure that he derives from his craft.
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