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The first forex trading platform I ever used was Global Forex Trading’s DealBook FX software, which I liked for its many charting options and indicators and fast trading performance. But I always felt a little limited by the fact that it wasn’t a web-based application, which meant I always had to access it from the same computer unless I went through the install process on every PC I planned to

Strange as it sounds, my current trading system has me looking forward to days with extreme price swings, or whipsaws, which I used to anticipate with dread. The key to this change in perspective was shifting my strategy from primarily trend-based trading to a system that looks for profits in ranging behavior as well. The result is that a whipsaw no longer looks like one of the nastiest patterns

This isn’t really forex related, just a rant about the rampant content theft that goes on out there in the blogosphere. I keep discovering sites that are lifting my content and publishing it verbatim on their own domains and with their own ads, and it’s pissing the crap out of me. The only positive side, if there is one, is that I get a little traffic out of these bastards since they’re so lazy

While I’m not currently trading the GBP, I thought this was an interesting bit of news - on Wednesday, April 18 the British pound hit its highest level versus the dollar since 1981, breaking $2.010 for the first time in 26 years. And here I am looking at daily, weekly and monthly highs and lows - sorta puts your own little trading timeframe in perspective.

The big rise against the dollar

For all you US forex traders out there who’ve put off your taxes to the last minute (like me), I just discovered some good news you may not have known about. I’d just assumed the 2007 IRS deadline was Monday, April 16…first business day after April 15, right? Well it turns out April 16 is a little-known holiday in Washington, DC (Emancipation Day, my new favorite holiday) and because of an

I was just reading this post over at Trader Rich’s Forex Project about a study at MIT that concluded that “treasury bonds are random, the stock market is correlated, and forex is chaotic.” Firstly, let me say I haven’t actually read the study in question, and probably never will. What I have read is Rich’s summary of the study author’s summary of his findings in Currency Trader Magazine. Also

If you’ve watched the forex markets for any length of time you’ve probably noticed that they spend an awful lot of time in ranging activity, ping-ponging back and forth between support and resistance levels without breaking above or below them. So if you’ve come to forex expecting high drama every day, it’s a good idea to adjust your expectations and get as comfortable with range-based trading as