I am very fortunate to have one who is also in the field of commodity trade since 1980, colleagues. This is what every marketer needs. A mentor. . Human experience … Charles Maley is the case. Charles, when it begins operation in 1980, he joined PaineWebber Curtis Jackson, Carlos 29, the company's experience in this field. He was immediately following the introduction of mechanical trading systems to quantify the direction of Jack Schwaben, the then head of research. Martin and Carlos have continued his research until he came to Oppenheimer / Canadian Imperial Bank of Commerce in 1983. Charles spent 10 years in the trade and marketing until Oppenheimer, C0 semi-managed bank Julius Baer in New York derivatives desk. He then joined Angus Jackson and Martin Bedick reunion in 1998. His vast experience in negotiations and the long-standing trade procedures and methods used by Angus Jackson's force. The focus is to continue to study Charles Angus Jackson and growth.

Let me share a recent interview with Carlos, the traders of the world. Carlos knows how to be successful in commodity trade. Reading and learning what is really needed is a successful commodity trading.

What is your Angus Jackson's position, How often do you work there?

Bedick Martin, the principal director Angus Jackson, encouraged me to participate in the company in December 1998. The idea behind the growth of trade and mechanical systems and sound financial management concepts Angus Jackson. My position today would be better described as the work of individuals and corporate clients, helping commodity trade, provides a comprehensive business plan.

How long have you been using the mechanical system?

Martin and I began to join Paine Webber, 25 years ago, the study director Jack Schwaben. Jack and naming standards mechanical systems Strom a man was used to trade in the product Paine Webber in 1981. Is not only introduced me to the use of mechanical systems, but at the time, this is one of the few there is a mechanical trading funds.

What is the good, bad use of the mechanical system?

There is an overwhelming information, today and traders need an organization such information. A mechanical approach to define the specific conditions of the current opportunities and specific conditions, failure opportunities. Mark Douglas in his book Discipline traders said that the mechanical systems mathematics to define and quantify the relationship between the past and provide a possible outcome.

In addition, the mechanical system can lure you into a false sense of security. In the past, the quantitative relationship to a successful project not the same as the statistics to quantify the future. In the real world of action, due to the limitations of the test back, at best, the statistical probability of achieving your similarities. If your program is not active in the leadership of the exhibition management is the trouble. To stay discipline and the real world system, have endangered the disaster recipe.

What is your system and your customers?

Angus Jackson is all the trend advocated the system. Our work, systems development and programming a small number of staff who is a good relationship over the years. Our approach is to consult with customers on existing funds and the expected risk / reward, and then guide them to the appropriate model. We mainly use the model, trading systems and risk management over a variety of strategies.

What is your favorite system, and why? In your opinion, what is the best use?

Not necessarily the most liked, but we have a desirable approach. Similarly, Angus Jackson, the company's next major trend. However, there are some significant changes in commodity markets. When I was at the beginning of the taxation experts, business management of assets not less than 10 billion dollars. In 2002 about 40 billion U.S. dollars. In the past three or four years has risen by nearly $ 1.5 million. This prompted us to rethink the traditional bias is as follows. Now, we think it is more in line to catch up with the trend, because they are faster and shorter duration. We tried to capture the movement, rather than he went. Multiple systems through the use of this, to get more aggressive.

Charles Maley

viewpointsofacommoditytrader. The COM

To be continued

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