As many forex traders have discovered, trading comes with a lot of non-monetary benefits that are probably just as valuable, if not more so, as potential capital gains.
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The OPEC decision had forex traders hitting the sell button hard on oil currencies, which unfortunately includes the Loonie and closing out my EUR/CAD short.
Forex price action was mixed in the morning London session thanks to mixed European data, and a continued move in oil currencies on OPEC's decision to hold production on Thursday.
Even though the latest economic figures from Japan came in the green, looking beneath the surface reveals that the situation is not as rosy as the headline figures suggest.
After a bit of review, I gotta admit that this forex mechanical system still needs more work but I'm pleased with how I'm seeing a few improvements here and there.
It's all about breakouts on today's canvas, as I bring to you these exciting forex plays on USD/JPY, USD/CAD, and AUD/NZD!
Given all the issues concerning algorithmic forex trading, here are some of the proposed industry regulations that you should watch out for.
A few days back, I took a simple forex retracement play on AUD/USD, as the pair pulled up to a broken support zone. Here's how it turned out.
The Loonie has been on a rally that I'd like to try to catch a ride on, and the charts on my latest USD ideas have changed, so it's time to update and adjust!
A pretty mixed week for this trend-catcher system, as it got burned by fakeouts on EUR/USD but hit its 200-pip profit target on GBP/USD.
The market was all over the place and I was able to get a small trade in even though conditions were quite terrible. See how it all went down in today's Cowabunga Surf Report.
A carpenter is unprepared without his tool belt, a Navy Seal without his combat gear, Barack Obama his teleprompters.
It's not what you may already have heard. It's not common, and it's certainly a road less taken...I think that's why it's worked.