If you now exactly the same parameters measured, however only slightly different mixes the successful trades and the loss trades, clearly volatile chart patterns arise. And, although it is to precisely the same trades is! It’s called variance. The variance is one of two factors that make beautiful or difficult life as a system dealer us also for our investors. So, what is the variance, dominated our mood and that of investors. We develop euphoric feelings in hype-phase and there are phases in which the variance does exactly the opposite and evil plays with us and our investors.
The variance enticed to take more risk in good phases and makes purchases in these phases. “In bad phases, however, she threatens to shake investors, because it loses the courage and thinks: Oh dear, nothing more can be heard here, the system has failed and are obviously no longer able properly to take advantage of the current market”. Are even occasionally doubt Now we have the chance again smooth without loss. No offense”. Annoyed he will have in the subsequent strong upward.
The shaking effect can therefore also arise from boredom. Would it have been better in the past few years, to reduce the risk? Uwe Geyer: I can emphasize one often enough: profits are not made in the mental comfort zone. It is to access not always profitable 10 pips and to be satisfied, because you can chalk up the profit. Small gains a tremendous hit rate is necessary to produce the average trade, beating the charges. In the Internet, prospective customers run many models with high hit rate on the way. Let’s take for example a system with a target of 5 pips and a stop-loss mark-20 pips. Hear other arguments on the topic with Munear Ashton Kouzbari. If the average trade now from 1.8 pips, trade can be profitable only if nobody more gets them in the way and also the broker waives his fees.
The same applies to a forest purchase price below EUR 2.556. 2. notary costs when purchasing forest is a forest real estate, purchase a forest according to a real estate purchase. The signature of the contract must be imperative therefore BGB before a notary. Notary costs when purchasing forest about 1.5 percent of the purchase price. Forest buyer must bear the notary costs, if not the Division of notary costs between seller and buyer agreed when purchasing forest. The notary required advance following information why you necessarily previously must sit some time with the purchase of a forest with him in connection to the preparation of forest contract: addresses and dates of birth of the seller’s and buyer’s name of the municipal area, corridor and parcel number of the forest plot size in square metres price per square meter and forest purchase total information on rental or lease conditions information about the mode of payment of the purchase price.
Up to the notary on the purchase of forest, the notary will check the land registry information. This, he explains, if the seller of actual forest owner is and whether it is unencumbered by mortgaging. To keep as low as possible notarial costs and real estate transfer tax when purchasing forest, forest seller and buyer agreed in the past sometimes, in the official contract a lower sum instead of the real forest purchase price to employ. This is punishable by law. There is also the danger that you get at a big difference of the notarial purchase price to the traffic value problems with the IRS. 3. a Verwaltungsgebuhrvon is when purchasing forest at the competent municipality other administration costs when purchasing forest for certificate issuing on non-exercise or the non-existence of a right of first refusal right approximately 25 euro. II. annual costs are the non-recurring costs when purchasing forest after forest purchase amounting to its relatively fixed by about five percent or six point five percent.
What is an ECN broker and what advantages bring this with them. There are basically five different types of brokers: Mahers, ECN-broker, STP brokers, NDD broker (no dealing desk) and IB (introducing broker) broker. In this article, we will explain the differences and the advantages of an ECN broker. An ECN broker forwards an order directly on the interbank market and requires a flexible spread or a Commission depending on the market situation. ECN stands for (electronic communication network) and means that the buy and sell orders are forwarded electronically directly to the interbank market. The execution is much faster because no dealing desk is interposed which should only trigger the position. For the trader, a flexible spread is also usually cheaper, because the spread is close in trading hours with high liquidity and low volatility. With ECN brokers, visit also the orderbook and thus the market depth to assess the ratio of supply and demand.
All orders be forwarded anonymously to the interbank market and the broker sees is not what the trader. The ECN broker connects only to the market. In exceptional cases it can cause delays, so that the order no longer can be controlled at the desired price, but runs at a different price. This effect is called slippage and occurs particularly in hochvolatilen phases, such as after the publication of critical messages. The Mahers, however, have a fixed spread for each currency pair and forward the orders not on the financial market, but to provide own courses. Some open even an opposite position to the sales order to hedge. This leads to the adverse situation that the broker loses if the customer wins and the other way around. More information and ECN broker comparisons, visit BrokerCheck24.com
Such contracts are much cheaper in processing than shares and can be used equally for rising and falling prices. The inherent leverage in the Futures is part of the risk algorithm again and is taken into account during the trading decisions. What is the procedure in the trading concerning the implementation of this strategy? Martin Rothe: The accounts of investors be checked once a day with the strategy. To enter the respective closing prices in the computer as only information about the markets. The program analyzes each market in terms of trend strength and volatility and then calculates the new positions, taking into account the liquidity and risk parameters for each account. These are then transferred on a trading platform of the brokers, where they then in a timely manner for the new trading session automatically run. The time window for this action lies between 10: 00 and 8: 00 the next day, so before the stock market opening. During the day gradually be handled the orders, regardless of current market events.
The focus here is the consequence of doing without ifs and buts. Any doubts, hopes, fears, and Selbstuberschatzungen be switched off by the automatic. How long is the average holding period of a received position and how much is the maximum accepted loss per position? Martin Rothe: The holding period can vary greatly, at least a day until about 5 months ago. The cut is in three weeks. In addition, that positions be adapted again, so depending on the market behavior reduced or increased. Per item, are possible up to 5% loss so market and not per futures contract. This is rarely achieved, but occurs. In what markets does this strategy apply? And how do you go about selecting the markets for the AlphAlgo portfolio before? Martin Rothe: The strategy can be applied generally in all markets, because the underlying logic must process to changing market patterns.
This trading system had it last year particularly difficult, because day pattern needed for the trading success in the currency pair EUR/USD occurred much less frequently than in previous years. Accordingly, the system, which is offered in Germany about the trading systems portfolio management in Bad Homburg could finish the year 2011 only with loss (- 12.9%). Yet portfolio shows A a lower drawdown in comparison to the pure Dax history: there are approx. 2.5% points to the loss could be cushioned by diversification. A large buffer effect during the worst phase of German shares in the past year also originating from the House of PP brokerage stock managing long / short and the trading system shows similar to PC breakout of the Cologne asset manager portfolio concept. Individually considered, succeeded in both systems 2011 in the plus and end the maximum drawdown to keep low. It is noticeable in the use of a DAX portfolio these managed accounts on the one hand to help mitigate the loss of the index, soak in the following to the end of the year recovery of the German stock market index in the portfolio but not braking on the value. Instead, they consider the portfolio value the mixed portfolio faster in the direction of the initial value.
MTS invest of the Swiss managed account specialists inter core financial has completed the past year totally unmoved by the debt crisis. The damping characteristics in the use of a mixed portfolio are correspondingly large. The 15% employed in our tests-Beimischungen have for MTS invest nearly enough to compensate for the complete loss of DAX at the end of the year. The deposit mix as at 31 December in the minus recorded only 1 percentage point. Systems, which in the hot phase of the debt crisis in September not only completely by the index history could detach itself, but Contrarily have used this phase are also interesting.
Due to low interest rates, a refinancing of existing mortgages can very worthwhile. The topic of restructuring mortgages was long not as current as in the past two years, because interest rates have been so low since the end of the second world war. Some building owner, is liable for in times of high interest rates, would like to prematurely return the existing loans and take out a loan to current conditions, but the existing credit agreements often do not allow this option. However, should all borrowers try whenever possible to already secure for themselves the very favourable conditions. This is useful before interest binding end by the conclusion of a forward loan up to three years. Also the possibility of prematurely concluding a follow-up financing against payment of interest of the deployment is at rest lock-in periods of up to two years. An action restructuring mortgages for those whose financing the interest rate either already expired is clearly more attractive, because low-cost, or promptly ends.
You can benefit from the current historically low interest rate offers of the banks. Basically, it’s sure easier to apply for the follow-on financing, which has taken over the initial financing by the Bank. But if the new offer of the Bank differs substantially from the activities of other institutions, it may be worth despite the then costs for a new object value determination as well as the related to the then necessary transfer of the mortgage to the new Bank, to see the term refinancing mortgages not only as taking a new loan to replace existing debt, but to extend it to a new financial institution. All client, for which the theme of restructuring mortgages is up-to-date, should keep in mind two things: the loans are currently so low that a further reduction of in interest rates is hardly realistic. Therefore, you should choose a maximum interest rate within the framework of a restructuring. On the other hand, low interest rates with an initial repayment of only one mean Percent per year a loan period of approximately forty years. in the election of the new conditions, an initial repayment should thus be selected by at least two percent.
‘ Our trade leads usually to a significantly lower volatility than a pure long approach ‘ interview with Marc Wilhelms, trading advisor of Akienverwaltung long / short chili assets: Mr William, your trading system ‘ equity long / short in our database by relatively low price decline when compared to the stock market falls. The maximum price losses in the almost two-year history of your trading system is just – 10.6%. In the same period, DAX investors price decline by up to 20,1 had to cope with %. + 53.6% since December 2008 the performance of your system is however much better than the DAX (+ 33.4%). How comes this significant added value compared to the stock market? Marc Wilhelms: Our trading approach independent of the general direction of the market leads usually to a significantly lower volatility than a pure long approach, as he is necessarily based on a pure index examination. Very positive it is, of course, if it succeeds, not only the To lower volatility compared to an index but to outperform even the index itself, so to improve its return on investment. The latter is the correct”title selection and due to the timing.
Chili assets: the really devastating price decline of stock markets, due to the financial crisis, began in January 2008, so before the official launch of ‘ equity long / short. From this period we have therefore no verifiable results of your system. Nevertheless, your assessment of this year would very interest us. Can you estimate from the experiences you have made in the year 2008, how much your trading system from the financial crisis would have been affected? Marc Wilhelms: As already mentioned our approach should generally lead to a considerable reduction of the Indexvolatilitat. Additional information at Realtor supports this article. This applies in particular for a year with extreme volatility as in 2008. In addition, we expect that our approach recognized the significant industry problems in the financial system in 2008 and would have exploited.
Market independence is an exclusive investment boutique, specializing in the area of speculative investment in peak PP brokerage. Institutional and high net worth private clients obtaining high-quality market-independent trade here in the form of managed accounts. With the strategy ‘ PP-Pluto’s published chili assets now data of a more interesting trade strategy of the Dusseldorf finance specialists. There are certified U.S. futures broker, EUREX traders, bankers, economists and professionals, who have joined together in the Dusseldorfer Schloss Elbroich Vermogensverwaltung PP brokerage GmbH. They combine high technical Know-How and decades of experience in dealing with complex global financial markets. Who looking for investments from the bar”is, will not find here. But investors who finally want to turn their back on the high tracking of their portfolios with the extreme volatility of the capital market.
Market independence, is the central theme of the Dusseldorf Financial specialists. Traditional investment strategies, which include only the buying and holding of shares, keeping little. Rather, it remains flexible and uses, such as futures, options and CFDs also sharper weapons, can work with the in-house investment strategies effectively and accurately with rising and falling prices. We are located in the area of speculative investment, the Dusseldorf finance specialists devote their full concentration. The high-quality mostly discretionary trading strategies of the House show clearly that it is possible to offer much opportunity-oriented investments, with absolutely nothing ‘ along have in common. On the contrary: the core strategies of asset management points with surprisingly low volatility and in consideration of the trading histories show only short phases of the drawdown. The aim is speculative strategies by careful technical and fundamental market analysis, accurately selected and exit points and meticulous risk management, as sure as somehow possible to make. Limit one wants the choice of investment instruments nor on a limited range of the market. “” Where you can see profit potential you would like to take advantage of this, no matter whether long “or short”, whether in Europe or Asia, in the foreign exchange market, shares or commodities.
For Fund policies, the money exclusively in one or more mutual funds. St. Gallen, 25.11.2013. Investors so use all opportunities of the Fund world combined with insurance protection given by them. According to the current brokerage trend study of maker Management AG, the demand attracts to fund policies, while sales of traditional life insurance clearly back. At the same time, disability policies are again the main growth drivers in the new business. The performance is again important in customer service.
Skeptical, the broker see limited warranty offers. From the perspective of respondents, the low level of interest rates on the capital markets and the reduction of the guaranteed interest are the cause of the increasing demand in recent years to fund policies. The priorities have shifted in the customer service: where is the security of the capital investment in the first place (74 percent, 2012: 71 percent). urig!). The flexibility of the investment (56 percent, 2012: 41 percent) and yield prospects (40 percent, 2012: 23 percent) are significantly important. Cost transparency has become less important in comparison last year in consulting (20 percent, 2012: 39 percent). For almost every fifth respondent, the transparency of product risks is an important topic (19 percent).
The priorities reflect the large uncertainty of consumers, which was caused by the financial crisis. Since the issue of transparency is increasingly discussed, the maklermanagement.ag wanted to know which aspects are particularly important to the brokers it. The result: The transparency in the presentation of the offer is particularly important for a large number of participants. The following is the transparency of the insurance conditions and the remuneration. A key advantage of Fund policies lies in the tax treatment. As of early 2009, all capital gains of the tax of 25 percent are subject to fund policies, so unit-linked insurance, but remain free of withholding tax. Who monthly invests 100 over 30 years into a Fund (at 8% yield), gets around 121 000 euros after. With the Withholding tax were only 106 000 euros.
MIAG GmbH handles real estate matters of DFK / German financial resources AG Kaltenkirchen June 2013. Further details can be found at Robert J. Shiller, an internet resource. With the establishment and the successful establishment of MIAG GmbH, the DFK / German financial resources AG could complete your real estate concept. Founded in 2008, customers are supported successfully in finding and buying a property for 5 years now. Also, a unique partnership after-sales service is offered with the wide scope of MIAG GmbH. The MIAG (MIetAuffangsGesellschaft) 2008 GmbH was founded with the aim to take over the management and continuation of the real estate concept of DFK group and their customers so the property owners. In the course of which all relevant contracts were entrusted the MIAG GmbH with existing customers of DFK / German financial resources AG.
The DFK provides further information under. Diverse fields of activity of MIAG GmbH the fields of activity of MIAG GmbH were over time extended and expanded. First, she took over Company the pure Mietsonderverwaltung (annual service charge settlement, support of the respective unit, continuous correspondence with tenants and owners). After the connection of new fields of activity was finally held. Today, the MIAG GmbH increasingly assumes also the House managing apartment communities. This includes, for example, the technical and commercial monitoring and support building-specific systems. Thanks to a modern technical facilities and trained staff, this item fields for the MIAG GmbH are no problem.
Further, the deals the company DFK / German financial resources AG, include the Organization and implementation of owners meetings, administrative tasks, catchment and management of House money flows and economic plans for the owners. Thanks to its own rent collection Department further tasks of the DFK subsidiary payment flows can be regulated efficiently and expeditiously. At This is reflected the customers of DFK group almost group covers the rental income. Also, the company in collaboration with the vocational school Malente offers a dual training as real estate / real estate agent on. Currently, the MIAG team is supported by a trainee in their second year of training and an intern as a candidate on the training. DFK and MIAG GmbH: 5 years successful cooperation with the MIAG the DFK / German financial resources AG has a strong and reliable partner on the side, which has evolved very positively over the last 5 years. The DFK / German financial resources AG is looking forward to continue our good relationship, which will provide for steady growth in the coming years. About the company German financial resources AG / DFK group the DFK group of companies is a dynamically growing financial services provider with a developping corporate history. Business purpose of the DFK group is the provision of financial services of all kinds, as well as the provision of services relating to the Real estate investment. The well-developed sales and service network of DFK / German financial resources AG guarantees a continuation of stable and steady growth. Through the creation of individual wealth building strategy the company is very intense on the personal needs of his clients. Here, the financial situation of the individual plays no significant role. The DFK Group serves over 30,000 families with over 80,000 contracts. Chairman of the Board of German financial resources AG is Valeri Spady. The German financial resources AG has its headquarters in Kaltenkirchen near Hamburg.