The Unlikely Is Not Impossible

And sometimes it’s even likely. This is a paradox I often find myself wrestling with as a trader, particularly since I like to think I approach the forex market with a statistical mindset. Why do you think I go on about Bollinger Bands so much? They’re one of the more statistical indicators out there, based on a measurement of 2 standard deviations from a specified moving average. But if you

Pips Needed To Make A Million Dollars

When you’re sitting around waiting for the market to do something a fun way to pass the time is calculating how many more pips you’ll need to reach $1 million. Of course before there’s any point in doing this you’ll need a disciplined trading strategy that’s been thoroughly tested and has at least a half-decent chance of earning you the necessary number of pips. Got that? Then let’s proceed…

Finally A Little EUR/USD Action!

So I’ve been sitting on a long EUR/USD trade all week getting more bored by the minute, and finally today the pair exploded upward through my limit order following the Federal Reserve’s decision to keep US interest rates at 5.25%, based the weak US economic indicators and continuing inflationary pressures. The US stock markets are way up today as well, with the Dow Jones up over 1% at the moment.

Signals And Meta-Signals

If I had to categorize the different ways I’ve used trading signals in my brief forex career, I’d break them down into something like this:

1) I have no idea what a trading signal is, but I’m very eager to find out so I can get rich this year.

2) I’m trading with the first signals I read about in a book/website because someone said they work. But for some reason I’m not getting rich. In fact

Improve Your Trading Odds

This report clearly and simply details essential tips on how to avoid typical pitfalls and start making more money in your forex trading.

Trade pairs, not currencies - Like any relationship, you have to know both sides. Success or failure in forex trading depends upon being right about both currencies and how they impact one another, [...]

Good Investing Advice From Henry Blodget

LET us take pause on this glorious Sunday morning and imagine that financial misconduct is a stock. The question before us is whether to invest or not to invest.

If I were a preacher, I’d denounce investing in financial misconduct as tantamount to investing in evil itself. But if I were a securities analyst, I’d give [...]