Archive for FX Weekly Reports

Forex Trading Tips: The Train to Gain

The Train to Gain
You have 20 minutes to get to midtown for a very important meeting. As you stand on the 72nd street subway platform you see the local pulling into the train station. You glace at the express track and it is empty What do you do?

Forex Trading Tips: Experimentation

Experimentation
Commencement speeches are rarely inspiring or thoughtful, but when I was senior in high school one of my teachers whose name I long ago forgot said something that has stayed with me for life.
“Success,” he said, “is fleeting. But failure… Failure is what we live for.” We looked utterly befuddled but [...]

Forex Trading Tips: Revenge Will Kill You

Revenge Will Kill You
If you’ve ever lived in New York city you know that finding a parking spot on the street is more difficult than finding water in the Sahara desert. Twice a week the city practices what it calls alternate side parking rules where all the cars must move off one side of [...]

Forex Trading Tips: Trading Focus

The Key to Trading Focus
About two years ago when we had just published our book Millionaire Traders I told Becky Quick (clip below) that the only unifying characteristic amongst these very different but successful people was an “athletic mindset”. Not every one of our interview subjects was star athlete - far from it in [...]

Forex Trading Tips: Winning By Losing

Winning By Losing

The key to succeeding in trading is to lose well. It doesn’t matter if you are a die hard fundamentalist who thinks that chart reading is akin to astrology or an unrepentant technician who thinks that all news flow has less value than celebrity gossip. Every great trader I ever met knew how [...]

Forex Trading Tips: Stewart Versus Cramer The Value of Work

Stewart Versus Cramer The Value of Work

The biggest news story of the week came from a comedy show. In fact according to polls these days in America most people 35 and under get their news from this comedy show. I am referring of course to the Daily Show with Jon Stewart who much like the [...]

Forex Trading Tips: Why the Trend is Your Friend

Why The Trend is Your Friend

This week I wanted digress from our usual format and discuss an interview with Bill Dreiss in the April 2009 issue of Active Trader magazine which I believe carries many useful insights on the art of trading. Mr. Dreiss has been successfully trading markets longer than most of us have [...]

Forex Trading Tips: The Value of Price

Why Is This Still Legal?

Currency markets continue to churn with everyone clueless as to how our economic future will turn out. As unemployment lines grow ever longer and the sense of dread is spreading from Wall Street to Main Street I would like to ask just one question. Why are over the counter markets still [...]

Forex Trading Tips: What’s Tradable, What’s Fadable?

Tradable or Fadable

Event driven traders who apply simplistic logic of “news good - buy, news bad -sell” often suffer losses as a result. In trading, as in real life consequences never tend to be so black and white. Just as we must always practice nuance in our day to day affairs, so too [...]

Forex Trading Tips: Dollar Honeymoon Over?

FX Market Outlook

When I used to be a headhunter during the Internet bubble days of the 1990’s, I had colleague from the deep south with whom I would chat at least once a week. We couldn’t have been more different in outlook and temperament but we got along well and always enjoyed each [...]