Michael Covel speaks with Salem Abraham on today’s podcast. Abraham is the President of Abraham Trading Company with a 27-year track record (with much trend following success). Over the years, Abraham has been kind enough to offer Covel fantastic insights. Abraham also appeared in Covel’s film, Broke, and is the last chapter of The Complete TurtleTrader. Today, Covel and Abraham cover some topical market moves–the Swiss Franc and Crude Oil among them. Covel and Abraham also discuss living in Asia and Asian economics; a market lesson Abraham first learned in 1987; the recent action of the Swiss Franc; artificially priced markets and the analogy of a dam; Crude Oil as a trend; speculation at the core of Abraham’s business and its effect on markets generally; the effect of Abraham’s grandfather on his work; the influences on Abraham’s thinking and business decisions; location independence; the importance of a link to the outside world; avoiding disaster; and being agnostic to the market. More: www.abrahamtrading.com.
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