Trader Profile: Linda Bradford Raschke Top Hedge Fund Trader

Linda Bradford Raschke is one of my favorite traders.  I've watched various seminars she's conducted over the years and she is very open about her trading strategies and some of the techniques she's had the best of luck with (like her "Holy Grail" setup which is extremely effective).  Linda is a proven trader, having started her career in 1981 as a market maker in options and likes to trade e-mini S&P futures.  The indicators she uses the most frequently include the ADX and 3-10 oscillator, which can be found on most trading platforms.

I first learned about Linda by reading her interview for Jack Schwager's book, The New Market Wizards, which I've mentioned before as one of my favorite books on trading.

Linda Bradford Raschke

Linda heads LBR Group, which offers a variety of services for futures traders.  Check her out at http://www.lbrgroup.com/.

Take a moment to read more about Linda and her contemporaries in The New Market Wizards by Jack D. Schwager, and if you're able to shell out the dough, I highly recommend adding her book, Street Smarts: High Probability Short-Term Trading to your library.

Join our Newsletter for a chance to Win a Subscription to The Wall Street Journal!

Attention, Fans:

Subscribe to our newsletter for a chance to win a 39-week subscription to the Wall Street Journal, print edition (a $280 value).  The WSJ has been with me on 3 continents and is my favorite way to start the day.

To join, simply click the following link: http://www.retanacapital.com/services/newsletter, enter your name and email address, click "submit," and you're done!

Official submissions will be accepted through the cutoff date of August 8, 2013.  The winner will be notified via email and announced on our blog and Facebook page on August 09, 2013.  Wishing all entrants the best of luck!

Cappuccino: another great way to start your day.

Diversify Your Portfolio With Foreign Currency

While Retana Capital Group designs and uses strategies for trading currencies (interbank and futures), adding foreign currency to your portfolio can be an effective way to reduce volatility risk from the fluctuating value of the Dollar and hedge against inflation.  Some of the world's most successful investors like Marc Faber, publisher of the Gloom Boom & Doom Report, hold foreign currency (in his case, he holds a significant position in Swiss Francs, having stated in 2011 that the Swissie remains a better currency than the U.S. Dollar).

For savvy investors looking to open a foreign currency account, Everbank (recipient of the BauerFinancial 4-star rating) offers high-yield accounts such as the Commodity CD Basket, which is comprised of an even distribution of Australian dollar, Canadian dollar, New Zealand dollar, and South African rand, while their WorldCurrency Access Deposit Account allows you to choose from 20 foreign currencies to hold on deposit.

For those of you with a lower risk tolerance, Everbank has a yield pledge for their CD products (an old favorite low-risk investment vehicle), promising a yield in the top 5% of competitive accounts.  They're definitely worth a look.

If you haven't had a chance yet, be sure to like us on Facebook.  Wishing you all a profitable July!