05th August 2009
I start with a warning that is issued by the National Futures Association, and is actually very sound advice. Never trade with money that if lost would adversely affect your life One of the great dangers of this business is that over the years...
29th July 2009
Trading foreign currencies necessarily requires certain study disciplines. These may include, but are not limited to, studying the trend and average true range, studying the support and resistance levels, studying trading volume etc.
Of all of the vari...
14th May 2009
I do not believe that anyone who has been trading the currency markets for more than a few months will have failed to notice the phenomenal increase in market volatility.
With increased volatility, so we see that trends tend to be of much shorter durat...
24th March 2009
From quite a young age I used to go lake fishing. It was a pass time that I really enjoyed but was not very successful at.
Many times I would sit from dawn until dusk at the water's edge with my rod and line poised in readiness and yet I would catch no...
17th October 2008
These are very troubled times in the global financial markets, but does this mean that it is a bad time to trade the foreign exchange market?
About a year ago when the U S dollar was in free fall against a basket of currencies, Warren Buffett announced...
02nd September 2008
Is it possible to find a way to reduce the time it takes to learn how to successfully trade foreign currencies - Fast Tracking?
The answer to this is YES, but with a proviso. First you need to ask yourself a very important question.
Why do I want to...
06th June 2008
In the Film "Dirty Harry" starring Clint Eastwood, the character Dirty Harry has a villain in the sights of his famous magnum hand gun.
A few inches away from the villains hand is the villains gun.
It's a tense moment in the film while the villain d...
06th May 2008
How effective is automated trading?
Do you remember the TV series Lost in Space and in particular do you remember the name of the robot? If you answered "Robby" you are totally incorrect. I will tell you why a little later.
During the 1950s many ...
02nd April 2008
Quite a statement I think you will agree, but can it be done?
The ruling bodies for the foreign currency off-exchange markets are collectively the National Futures Association (NFA) and the Commodity Futures Trading Commission (CFTC) in the USA and in ...
27th March 2008
Trading on the foreign exchange markets is a complex business to say the least, and so it will come as no surprise that almost every trader will spend a high percentage of their time searching for anything that will provide an extra edge.
Fibonacci - o...
10th March 2008
Trading the forex takes more than a winning attitude....it takes a losing attitude too.
One of the things that has to be accepted by traders is that no matter how successful the method that you follow, there will still be losing trades.
Money manage...
06th February 2008
One of the biggest myths in foreign currency trading is that price is predictable and that for every level that price has visited, it will revisit that level again.
If you are a regular reader of my articles, you will be aware that as the result of my ...
18th January 2008
Time and time again I hear the statement that trading on a margin account is a risky business. In fact the NFA and CFTC require that all brokers and agents inform the public of the risks of trading on the foreign exchange.
So how much risk is actually ...
07th November 2007
You may decide to develop your own trading system or you may prefer to purchase one that has already been developed for use and has a proven track record.In this article we will look at the basics of developing your own trading system.In essence a trading...
30th October 2007
At this precise moment in time there are four ordinary people trading the British Pound (GBP) versus the U.S. Dollar (USD).There is nothing surprising in that. In fact many thousands of people are at this precise moment, most likely doing exactly the same...
