Hi,

I'm 13 and would like to be a hedge fund manager when I grow up. I am doing a reasearch paper on it for school and I was wondering what a typical day was like, or a typical week.

Thanks!

Answer
Get up at 4 am to check the European markets open and Asian markets close; read the Wall Street Journal; study your positions. Get to the office early (between 6 - 7:30) to run numbers, check commentary on Asian markets close, monitor European markets, and early trading data. Much of the time is spent on running models, verifying data, watching markets, doing research on various countries and their markets, stocks, forex, private placements, industry data, political events affecting the markets, assessing various types of risks, including sovereign risk. Meet with your contacts & sources in various industries. Supervise staff (if you make it into management). Develop new strategies for investing. Monitor your fund's participants - their investments and withdrawals. Write reports; meet with writers who do your prospectus, reports, collateral materials, communications with investors in your fund.

These are a few of the things you'll be involved in. After the markets close and you assess the day's trading and events, you can have dinner with your spouse, put the kid to bed, and get back on the 'puter to check the Asian markets openings and events.

Is there any intelligence to trading FOREX or is it merely subject to interbank flows and basic supp/demand?

How can one trade forex in a manner that least resembles gambling-- over what period of time can one see some logic to a forex trade?

Who are the main players that govern the price levels of currency and what effects do individual traders have?

how do hedge funds trade currencies?

Does technical analysis really work? The idea of of using tech analysis seems so silly--what is the theory behind it?

Any additional information you may have, I'd really appreciate.

Answer
The currency pairs move in the direction of the trend, you anayze trends and it will help greatly, expecially the larger trends, short term moves within the trend are based on news items and parallel and inverse analysis.

Here are some technical papers to read:

http://www.articlealley.com/article_152420_19.html

http://users.search-o-rama.com/Article272207.htm


You can also monitor support and resistance with price alarms.

http://www.easyarticles.com/article-62743.htm

Good luck with your forex joyrney.

Mark Mc Donnell
http://www.forexearlywarning.com/index.cfm