By Dave Floyd - Aspen Trading Group

Part-Time Trading Ain’t So Bad

Let’s face it, the forex industry has done a pretty good job of glamorizing the trading profession.  Selling the idea of full-time trading is a common claim.  While I am not here to burst anyone’s dreams of making that a reality, I think an objective analysis will demonstrate that for most traders, the part-time route is not only more appealing; but less risky.

The typical profile of someone aspiring to be a full-time trader is one who might be a bit bored with their profession and lured to the apparent ease of trading full-time.  The reality though is that like any profession, it takes a long-time to get consistent as a trader and does require a pretty large capital base if you intend to draw an income from it.

[ Read the Whole Article ]

Original release claimed 200 jobs were created in the month, new figure to be released Friday

Statistics Canada retracted its July employment report on Tuesday, four days after reporting that the Canadian economy created only 200 jobs during the month.

"An error has been detected in the processing of the Aug. 8 Labour Force Survey release," the data agency said. "This error impacts only the July 2014 estimates."

The data agency declined to offer details on what sort of error had been detected, but they said it has been identified and corrected.  The agency says the mistake does not affect other statistical programs, and says new, corrected numbers will be released this coming Friday.

Slate Properties to acquire Huntingdon Capital Corporation for an effective price of CDN $13.40 per share

RICHMOND, BC, Aug, 12, 2014  - Huntingdon Capital Corp. (the "Corporation" or "Huntingdon") (TSX:HNT.TO - News) (TSX:HNT-DB.TO - News) (TSX:HNT-WT.TO - News) announced today that the Corporation has entered into an arrangement agreement (the "Arrangement Agreement") with Slate Capital Corporation, an affiliate of Slate Properties Inc. ("Slate"), at an effective price of CDN$13.40 per share in cash.

Pursuant to the Arrangement Agreement, Slate will acquire all of the issued and outstanding common shares (the "Common Shares") of Huntingdon by way of a plan of arrangement under the Business Corporations Act (British Columbia) (the "Arrangement") for consideration of CDN$13.25 in cash per Common Share and a one-time CDN$0.15 per Common Share special dividend to be paid following the announcement of the Arrangement. 

Traders Podcast with Rob Booker

In Episode 279 of The Traders Podcast, your host Rob Booker begins with a quote by Matt LaCoco: “Every day people are doing things that other people think are impossible,” which Rob says includes trading for a living. Rob talks about a few brief stories from other traders, and he talks about how to do the impossible. Rob also talks about the underdog hero story and how we’re addicted to it. Thanks for listening.

[ Listen to the Podcast ]