Forex Trading: 09/07/11

Winner: Best Forex Trading System of the Month for August Read more: http://www.babypips.com/blogs/espipionage/winner-best-forex-trading-system-of-the-month-for-august.html#ixzz1XIK7gdVw

Wow, this is a first! This month's Best Forex Trading System contest actually has two winners: salt-n-pipper's "Breakout System X-treme" and donnapinciotti's "The Trend is Your Friend" system. Let's take a look at each one.Breakout System X-treme (BSX) by salt-n-pipperBabyPips.com Forum user salt-n-pipper believes there are very...

A Winning Forex Trading Philosophy

I'm starting to believe that being successful trading Forex has more to do with your philosophy than anything else. You cannot trade based on how much money you want to make. You cannot trade based on how much money you need to make. This means that you can't push money into the market, desperately searching for opportunity, risking a large portion of your net asset value in the process. You must trade lightly. When you trade...

Getting A Forex Education - Forex Books

How many of us in the Forex market simply jumped in the market and started trading? I know that was my path. I tossed a few dollars in an account and figured losing it would be a paid lesson in how the markets work. I can't say that this hasn't been a valuable path. I've learned some good lessons along the way: it's important to let go of losses early so you have enough capital to sink your teeth into an opportunity that does...

Forex For The Small Speculator

Today was a banner day for me... trading the AUD/JPY with a return of more than 10% NAV. The market simply walked up and down my trend lines bringing me profits with every pass. How come this doesn't happen more often? Anyway, as a small time speculator I thought I'd outline some issues that we face compared to some of the larger traders: We trade in very small lot sizes To make any meaningful revenue we may trade with a large...

Forex Scalping Information

Well, I've been trying to find information on the resale of currencies and the pickings are slim Mightly done. In fact, the call information in the network is so bad that I will write a small post of my own ... I am sure if you found this page that is desperately looking for some real information. What is Scalping ? In short, very short-term trading. Why Don't Brokers Like Scalping? Well, some runners do not like scalping...

More Bad Macroeconomic Data from UK, Pound Hurt

The British pound fell against the euro and the Japanese yen today, after economic data showed that industrial production slowed in July and house prices fell last month. Both results came as an unpleasant surprise to market participants. Halifax index of home prices fell 1.2 percent in August on a monthly basis. The decline after three...

Aussie Gains as Australian Economy Grows

The Australian dollar recovered today, ending a three-day drop against the U.S. dollar after the report showed Australia's economy grew more than expected in the second quarter. The Australian Bureau of Statistics reported today that Australia's gross domestic product expanded 1.2 percent between March and June, compared with the average...

Pound Falls as Retail Sales Decline. More Stimulus Ahead?

Great Britain pound fell today, dropping to its lowest level in almost two months against the U.S. dollar after the report showed that retail sales in the UK fell in August, spurring speculation that the central bank of Great Britain is required to stimulate the economy. British Retail Consortium said today that values the UK retail sales...

CAD Near Parity with USD

The Canadian dollar traded within a cent of parity with the U.S. currency as declining stocks and signs of global economic slowdown spurred speculation the central bank will reduce interest rates. The Bank of Canada will announce its decision on future borrowing costs. Views of investors are divided almost equally between those who believe...

Europe Weakens Asian Currencies, Malaysian Ringgit Down

The Malaysian ringgit fell today, along with other Asian currencies, as concerns about Europe's problems intensified after the vote the ruling party of Germany lost, reducing the prospects for Asian exports. The MSCI Asia Pacific Index of shares fell to 1.4 percent, falling 5.1 percent in the last three sessions. The Bloomberg index, JPMorgan...

Record Drop of Franc After SNB Pegs Currency to Euro

The franc fell today, recording the biggest drop against the euro at all times, after the Swiss National Bank decided to limit the appreciation of the franc against the euro. Swiss central bank decided to act as a continuing appreciation of the Swiss currency, "poses a serious threat to the Swiss economy and carries the risk of deflation...

Wednesday, 7 September 2011