Items Tagged With november 2007

Forex On Top was updated yesterday.  Who were the biggest movers in the top 100?

1. http://www.fxinstructor.com - This is a pay to be a member site that costs $29.95/mo.  Since this is the case, I can't comment further on the content.
   
2. http://www.forexpros.com - "Forex portal" with content pulled from other sites.
3. http://www.forextester.com - A software simulator of the Foreign Exchange Market which costs over $100.
4. http://www.pfxglobal.com - Original content including videos, blogs, podcasts, systems, fundamental and technical analysis, and news.
5. http://www.kathylien.com - A currency analyst's blog.  Kathy works for FXCM, writes books, and runs a forex trading service.

See for yourself whether this forex resource that came to my attention via email is useful or not.  If anything, I like their macroeconomic event ranker.

Here's the email.

I wanted to update you with the results last Friday and again invite you to evaluate Forex Datasource technology as a complement to the technical and fundamental analysis you are used to performing.  This new hybrid approach has many virtues and is not too complex to follow. I am enclosing a couple of links to evaluate our offering in greater detail. By the way, there are many, many useful resources in ForexDatasource.com right now. We would appreciate if you could add our link to your user group websites as a reference for traders. Thanks in advance.
 
Calendar Dashboard Preview
 
Demo Trading Performance
 
Free Forex Calendar
 
Ranking of top macro events

Forexontop.com was updated today.  The top ranking movers in the top 100?

1.  http://www.forexpros.com (Up 15 spots)
2.  http://www.kathylien.com (Up 6 spots)
3.  http://www.pfxglobal.com (Up 5 spots)
4.  http://www.teracapglobal.com (Up 5 spots)
5.  http://www.ratesfx.com (Up 4 spots)
6.  http://www.straightforex.com (Up 4 spots)
   

Top movers in the top 100 most visited forex websites on Forex On Top this week are:

1. http://www.profitguideforex.com (+9)
2. http://www.forexontop.com (+7)
3. http://www.tradingintl.com (+7)
4. http://www.fxtsp.com (+5)
5. http://www.realtrade.lv (+5)

The November issue of Currency Trader Magazine is out.  Some of the highlights include:

•  Trading FX Pattern Breakouts
•  Taking the Pulse of Forex
•  What Dollar Crisis?
•  Japanese Inflation and the Yen
•  Japan: Politics, carry trades, and the yen

You can download from http://www.currencytradermag.com

My RSS feed is now displaying the full text of the post instead of a link to read more.  Hopefully this will be a more enjoyable reading experience for you.  

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I figured I'd mention some of the improvements I made this weekend to my "Most Visited Forex Websites" website...   I received comments over the last year that Alexa didn't truly reflect website traffic since only visitors with the Alexa toolbar are tracked.  Critics claim Alexa is easily manipulated and doesn't represent global internet users.  I agree to a certain extent and that is why I now also use Compete.com's traffic statistics which are obtained via a toolbar, opt-in panels, ISP's, and ASP's.  I believe this represents "most visited" much more than before.  After all, it's literally impossible to estimate traffic to any given website unless you personally have this websites access logs.  

As a result of the changes, the rankings have changed substantially.  Oanda is back at #1, with two other brokers tied at #2. 

With a couple of days left in the month of November, I'm up 1.9%.  My expectancy is negative though and I've lost more pips than gained.  Pips matter but just because I'm at a negative doesn't mean I'm at a loss.  This is due to the fact that I normally size my positions so that I risk anywhere from .5% - 2% of my account balance.  What I'm not so sure about is whether my expectancy calculation is correct.  My expectancy stands at -.14.  This would mean that I will lose money trading.  It's a lot easier calculating my percentage gain based on where my account balance is now compared to where it was when I started.  For this reason, I know I'm up 1.9%. We'll see where my expectancy goes as my trading continues. 

 Enough said...   

Source: http://ftalphaville.ft.com/blog/2007/11/07/8713/the-dollars-slide-13-down-and-falling-faster/ 

17 Reasons America Needs a Recession.

1. Purge excesses of housing boom.
2. Reverse dollar's free fall by giving government a wake-up call.
   
3. Expose Wall Street's shadow-banking system.
4. Force fiscal restraint back into government.
5. Wake up short-term investors.
6. Rating agencies have conflicts of interest and favor Corporate America.  Shake them up.
7. Trigger internal recession in China.
8. Force energy and auto industries to get serious about emission standards.
9. Expose core inflation.
10. Slow the Fed from cutting rates.
11. Force Washington to get honest about how it's going to pay for wars.
12. Expose CEO compensation.
13. Stop privatization of federal government.
14. Force congress to get serious about Social Security/Medicare disaster.
15. Pressure consumers to reduce spending and increase savings.
16. Lobbyists have replaced regulation.  Stop this.
17. America has always performed better during crisis'.

Read the entire are at Marketwatch.