Forex Trading Beginner

October 19, 2005 by Trader Rich

As you might have seen from my forex profit and loss graph, I’m
having another bad week. I’ve been setting stops though so my
losses have been kept to a minimum.

I made a trade today,
buying USD/JPY at 115.54. It’s been trading down most of the day
but I just don’t see what is going to stop the dollar now.
Interest rate differentials are totally in the greenback’s favor.
The one thing worrying me is corporate America is worried about future
profits because of the interest rates. It didn’t seem to affect
the stock market today. The lower crude oil costs help the market
today.

On a sidenote, I paid 2.53 for a gallon of gasoline
today. I know I’m getting used to the high gas prices when I see
a gas station with regular unleaded at 2.53 and say to myself, “Wow,
that’s cheap. Let me grab a couple of gallons”

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