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Items Tagged With forex blog

A Good Forex Resource... Or Not
Written By: Rich
2007-11-06 20:20:41

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



Forex On Top Movers
Written By: Rich
2007-11-16 22:35:14

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.


Biggest Movers in Top 100
Written By: Rich
2007-11-08 14:08:38

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)


Losing Streak Dooms November Trade Results
Written By: Rich
2007-12-02 15:55:52

After an almost six month hiatus from day to day trading, I got back into trading forex at the end of October.  Since then, I've tried to follow the economic news more consistently, tried to post more regularly to this blog, and tried to get back into the flow with between 1-3 currency pairs.  Though I've "tried", I'm not quite where I want to be and never quite sure I ever have been.  This may just be the best that I can do considering I have a full-time job and other responsibilities (similar to a lot of you.)  One thing that I think I can do to improve my trading is to get in the flow with the market during the European/US session overlap.  As of yet I haven't been able to but I think all this requires is changing up my schedule a bit so that I'm in front of my computer at around 7 am EST.

November could have been an up month for me had I not lost my last four trades.  Losing streaks are all part of trading though, so I don't feel too bad that I'm down 2%.  

What did I do wrong in November? I jumped the gun on a couple of trades this month before my systems showed buy/sell signals.  This wasn't due to impatience but more because I felt my signals would generate while I was sleeping.  I lost a couple of trades because of this and will try not to make this mistake again.

What did I do right in November? I feel like my position sizing strategy controlled my risk very efficiently.  There would have been another time in my trading career when I'd be down a lot more than 2% when being down 290 pips during a particular month.  

I'm not going to change much going into December because I think I have a good base to build on. 



Forex Rankings Updated Today
Written By: Rich
2007-12-22 14:18:37

forex on topForexontop.com was updated today with the latest traffic rankings.  The site was redesigned last week pretty much from the ground up including the new logo.  Newest links include:

Top 20 Movers

Top 20 Losers

What's with forexpros.com?  I never heard of this site but it's moving up rather fast.  Seems like most of the content is unoriginal and just aggregated from other sites.   If I'm going to go to a forex portal, I'll usually go to FXStreet which is much better.



November Issue of Currency Trader Magazine
Written By: Rich
2007-11-04 00:31:24

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



Forex Website Top Movers
Written By: Rich
2007-11-24 00:48:00

Wall Street Bull

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 Panic About The Dollar
Written By: Rich
2007-12-02 03:03:55

The Economist Colin from over at ForexSpirit feels like the dollar is going to appreciate this month especially after the cover story in the Economist.  I certainly wouldn't be surprised.  

You can read Colin's post, "The Economist's Indicator"

Opinion piece, "The Panic About The Dollar" at Economist.com.

Opinion piece, "Losing Faith In The Greenback" at Economist.com. 

 

 

 



Forex Project Now Syndicates RSS Full Text
Written By: Rich
2007-11-20 14:13:37

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.  

 Subscribe in a reader



Time Magazine Article On The Forex
Written By: Rich
2007-12-03 20:44:32

Time Magazine Article There's a Time Magazine article today titled, "Should You Bet Against The Dollar?"  The article talks about why it may not be a good idea to jump into the retail Forex market; mainly for 3 reasons.

  1. There's no certainty that the dollar will keep falling.  So if you were thinking of getting in to hop on the Diving Dollar Train, think again.
  2. Investing in "The Forex" is extremely risking especially if you use all of the available leverage given to you by your broker.
  3. Because it's complicated and right now might be the worst time to experiment with currency trading.

http://www.time.com/time/business/article/0,8599,1690111,00.html?xid=rss-business 






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