Trade (disambiguation)

Trade is the voluntary exchange of goods, services, or both.

Trade or Trading may also refer to:

See also

Trading strategy

In finance, a trading strategy is a fixed plan that is designed to achieve a profitable return by going long or short in markets. The main reasons that a properly researched trading strategy helps are its verifiability, quantifiability, consistency, and objectivity. The development and application of a trading strategy follows eight steps: (1) Formulation, (2) Specification in computer-testable form, (3) Preliminary testing, (4) Optimization, (5) Evaluation of performance and robustness, (6) Trading of the strategy, (7) Monitoring of trading performance, (8) Refinement and evolution.

For every trading strategy one needs to define assets to trade, entry/exit points and money management rules. Bad money management can make a potentially profitable strategy unprofitable.

Trading strategies are based on fundamental or technical analysis, or engage them both. Technical strategies can be broadly divided into the mean-reversion and momentum groups. There are also specific strategies, like "Sell in May and go away but remember to get back in September". Trading strategies are usually verified by backtesting where the process should follow the scientific method.

Step by Step

Step by step is a sequence of instructions demonstrating how to perform a task in a worked example.

Step by Step may also refer to:

Film and television

Music

Chicago Mercantile Exchange

The Chicago Mercantile Exchange (CME) (often called "the Chicago Merc", or "the Merc") is an American financial and commodity derivative exchange based in Chicago and located at 20 S. Wacker Drive. The CME was founded in 1898 as the Chicago Butter and Egg Board, an agricultural commodities exchange. Originally, the exchange was a non-profit organization. The Merc demutualized in November 2000, went public in December 2002, and merged with the Chicago Board of Trade in July 2007 to become a designated contract market of the CME Group Inc., which operates both markets. The chief executive officer of CME Group is Phupinder Gill, Terrence A. Duffy is the president and executive chairman of the board, and Leo Melamed is chairman emeritus. On August 18, 2008, shareholders approved a merger with the New York Mercantile Exchange (NYMEX) and COMEX. The Merc, CBOT, NYMEX and COMEX are now markets owned by the CME Group.

Today, CME is the largest options and futures contracts open interest (number of contracts outstanding) of any futures exchange in the world, including any in New York City. The Merc trades several types of financial instruments: interest rates, equities, currencies, and commodities. It also offers trading in alternative investments, such as weather and real estate derivatives. As a Designated Self-Regulatory Organization (DSRO), the CME had primary regulatory-audit authority over firms such as MF Global.

Barry Burns

Barry Burns is a Scottish musician best known for his work with post-rock band Mogwai.

Early life

Burns went to Cardinal Newman High School in Bellshill before enrolling with the Royal Scottish Academy of Music and Drama in Glasgow, taking up a Bachelor of Education degree in teaching music. He did not finish the degree, completing only 3 years of the course. He broke his finger, which is why he did not go back, though he has also said that he was not at ease with the teaching part of the course. Barry is referred to as big Frankie-boy to his friends and Fraz to his band mates.

Career

Mogwai

Burns joined Mogwai just before the recording of their second album, Come on Die Young. He had already played a few gigs with the band beforehand as a flautist and occasional pianist. According to Stuart Braithwaite, Burns joined the band because he was a "good laugh". Burns is a versatile multi-instrumentalist and contributes (among other things) keyboards, guitar, vocals (mainly through a Vocoder), and flute. He is also the only member of Mogwai with a formal foundation in music theory, but he claims he is "a bit rusty".