About Pick of the Day

Each day, I will try to find what I believe is the best looking short term trade setup for the upcoming trading day or week. If you're a forex newbie, it can be tricky in the beginning trying to figure out how to look at charts and draw lines. My goal is help you understand the psychology of price movements so you can learn to analyze your own charts and trade on your very own. I will post my ideas and/or reviews through out each session right here, on Twitter and on Facebook.

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February 2008

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Pick of the Day: "The Currency Spot"

Posted 07:23 20 February 2008 | Comments

No "Pick" today with US CPI coming out this morning. It is one of the very few major economic reports this week, so volatility may be a little bit more unpredictable after its release. Also, I'd like to see what was said in the FOMC Meeting Minutes and why the emergency rate cut.

I did want to mention a new feature in the forums: "The Currency Spot" Where traders can go to talk about a specific currency or currency pair. I know a lot of you have been asking for it and we think its a great idea! So, come on in and check it out!