These trading records could be a client's real world trades, or just client's mock up paper trades
. Either way it will work.
According to the SEC, neither Meadlin nor Hyaline had acquired a proprietary algorithm; and the stated performance returns were based almost entirely on paper trades
without real capital and exaggerated by approximately 20%.
Even then there is considerable doubt as to whether Chinaoil can make enough profit on paper trades
to offset losses on the physical market caused by bidding the Dubai price higher relative to other benchmarks.
Although the likely direction of how the dollar denominated paper trades
hereon is likely to be a function of global markets, there are some positives to note in terms of fundamentals.
A few majors still take period tonnage at huge premiums to spot - but wit partial support from paper trades
- last exemplified by 178kdwt/built 2010 done for 4-6 months basis delivery S.Korea prompt at USD 16k.
The yield of five-year Portuguese bonds on the secondary market is 6.43 percent and 10-year paper trades
at 7.26 percent.
For those who have never traded but want to give it a go, my closing advice is to make sure you are happy with the software you are using before striking a bet and until you are completely comfortable with trading use small stakes or even paper trades
(practice runs that can be monitored on paper rather than parting with real money).
Traditional industries, among them the textile and paper trades
, have joined us in this melting pot known as nonwovens as our business welcomes any new IDEA.
If you have never before invested in stocks, start with paper trades
and a dummy portfolio until you learn the programs and gain confidence in your decisions.
When Chinaoil snapped up 47 cargoes in October for December delivery, the market buzz was that the trader wanted the physical oil to help fill strategic storage in China, while at the same time taking advantage of the movement in prices sparked by the buying spree to profit from offsetting paper trades
. This time round, it's perhaps harder to see a clear motivation, especially since Chinaoil this month sold some of the cargoes it had purchased in April.