|
Wednesday, 30 June 2010 19:20 |
By Adrienne Toghraie, Trader’s Coach
For traders, there is an entire course in “getting it right” to be gleaned from a shortlist of old sayings.
By now, just about everyone in the Western World knows this first one: When you do what you’ve always done, you get what you’ve always gotten. The longer you live, the more you realize that there is tremendous wisdom in this adage. In fact, I have heard variations on this theme from many different cultures. So, it looks like most of us know that you will continue to see the same results when you keep doing the same thing.
However, especially for traders, there is also a great problem in putting this advice into action!
|
|
|
The foreign exchange market, on a global level, does just that, rooting out profits on the fraction of a dollar that exists in currency exchange. When you thought there were already countless crackpot ways at turning a profit, more seem to sprout up out of no where! This world operates more metaphorically than not, so why shouldn't the hands of most countries be placed stiffly in this metaphorical cookie jar. The real truth to the matter is that why such hands lie there in anticipation of a cookie to appear, it often does with more chocolate chips than were speculated upon reaching forth. The foreign exchange market accounts for trillions of dollars in the way of such magical chocolate chips. So, what do all top Forex traders have in common? |
|
Since being topped at the historical high around 121.02 levels, the Index achieved big decline that carried it to record a historical low at the bottom placed at 70.70 level. After this big decline, the index started an upside action, that we consider it as a beginning of med-term uptrend that belongs to an upside correction wave structure for the allover mentioned decline. A decline that can be obviously seen on the following monthly chart."> |
|
It has been estimated that perhaps as many as four million "baby boomers" per annum will retire over the next two decades. The seventy-six million babies born between 1945 and 1964 constitute the coming formidable "silver wave" of future retirees. Unfortunately, to many individuals who do not prudently diversify their holdings well in advance of retiring, such a wave could end up feeling more like a financial tsunami.
|
|
There has been a great deal of speculation lately that China may make a move to ease the Yuan peg tothe US Dollar and to allow its currency to appreciate again. Political pressure from the United States, aswell as many of China’s other trading partners, has been mounting with the aim to achieve this verygoal. While it is definitely not a certainty, it does seem that with China’s large trade surplus as well asother measures they have enacted recently to temper their red-hot economy, the time may be right forfurther Yuan appreciation. If this event takes place, the natural question for traders around the world is “How will this affect the markets?
|
|
|
On January 12, 2010, the Commodity Futures Trading Commission (“CFTC”) issued its proposed rules for the regulation of retail forex transactions (the “Proposal”). In proposing the rules, the CFTC seeks to adopt a “comprehensive regulatory scheme” to implement the CFTC Reauthorization Act of 2008 (the “CRA”)1 with respect to off-exchange transactions in foreign currency with members of the retail public (i.e., “retail forex transactions”). Any interested person may submit comments to the CFTC with respect to the proposed rules for a period of 60 days following publication in the Federal Register.
|
|
Normally, I eschew option trades as a rule. The primary reason is that I simply don’t like to think like an options trader, it typically bores the living crap out of me. Another reason I do not like options is that I am usually a buyer, speculating on direction and timing.
|
|
Technical analysis or predicting the market by looking through the previous history a currency pair is a very useful and indispensable tool that every forex trader uses, however, fundamental analysis, like its name suggests, is more fundamental in nature, and tries to see what drives the forex market in the first place.
|
|
Bearish inputs are expected from the Feb existing home sales on Tuesday and Feb New Home sales on Wednesday. (Remember, the weather out East in Feb was god-awful, so don’t expect any statistically significant improvement from these two reports next week ~ it ain’t gonna be happening, short of an Act of God or Act of Congress ).
|
|
|
|
|
<< Start < Prev 1 2 Next > End >>
|
|
Page 1 of 2 |
Articles
