Adventures of a Trader in the Forex Land (4) - About Japan and Big Mistakes

Posted on January 24th, 2010 in Forex, investing techniques by RaduH

I tried last week to trade yen against the news. I thought that the news release on China (that exports are much stronger than expected) will actually move the yen a bit upwards versus other currencies, then the Japan currency will resume its decline. In brief, I was arguing that the yen appreciation will last very short.

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Nexus Phone - A Revolution?

Posted on January 7th, 2010 in Stocks by RaduH

The answer is - hardly yes. As much as Google would like to argue against it, the Nexus phone looks too much as an IPhone to be so different.
It is true, Nexus has what IPhone does not have - an open platform operating software (the famous Android revamped), the possibility to write your own software applications if you like, the fact that it comes unlocked. But if you really want an IPhone, you can unlock it one way or another, everybody knows this. And Apple takes advantage of this in order to justify its outrageously high prices for its mobile handsets. Yes, Google is honest in this respect. You do not pay indirectly for the mobile phone via your mobile phone subscription. By the wway, did you know that the mobile phone operators (AT&T, Orange etc) which enter into agreements with Apple pay 10% of the subscription fees to the computer hardware producer?

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The Adventures of a Trader in the Forex Land (3)

Posted on January 4th, 2010 in Forex, investing techniques by RaduH

Here we go further with our forex blog here, on doitinvest.com. The forex trading insight of today’s blog is quite simple - I found out a rare pattern which could be interesting for  the amateur or professional money makers.

I was looking recently on my IPhone on the EUR to USD (EURUSD) pair. Although I do not trade it, the EURUSD is the most traded pair on earth, so it meets the criteria for perfect trading - high volatility, liquidity, accessibility 24 hours. For me, the EURUSD is like the master market for the online trading, so naturally I look at it periodically.

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Banks, Financial Crisis and Capitalism

Posted on December 14th, 2009 in Investment and mutual funds, Investment banks, Real estate by RaduH

I was reading recently an article regarding the imminent bankrupcy of the emerging markets (especially the ones from Eastern Europe). The author said in his investment blog that banks are now forcing up the interest rates in those countries. The increase in the interest rates would lead to a wave of personal bankrupcies in those markets, allowing the foreign investors to buy the local assets (especially the real estate assets from those emerging markets) very cheap. The scenario would be unfolding as we speak, whilst the peak of the crisis in the Eastewrn Europe should arrive somewhere in the middle of 2010.
The fallacies of this story are many. I will not enter into the details of the cosnpiration theory which seems to hide behind this pessimistic approach to the Eastern Europe economies. I will also not discuss here the fact that it is hard for the big banks to cooperate among them. Or the bank cooperating with the big investment funds, their competitors, would be a highly unlike - ier scenario. I will just mention the recent lessons that Dubai and Greece, two sovereign countries, whose recent developments are linked tot tourism and real estate investmentst, taught us.

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A Book Review - “Volatility-Based Technical Analysis” by Kirk Northington

Posted on December 11th, 2009 in Forex by RaduH

Well, I was looking for a long time after an easier book on technical analysis techniques using a programming language. In other words, I was in for a book where you do not get only the usual lengthy descriptions of various trading techniques and their charts with pointers. After all, it is easy to develop a technique and let it fit with any possible trading - in hindsight.

What I was looking for was a simple way to improve my trading skills and to limit my forex trading risks. If possible, for a book which could be rather practical than conceptual, from which I could learn some code snippets and apply those to trading.

The good news is that there is such a book. “Volatility-Based Technical Analysis: Strategies for Trading the Invisible” by Kirk Northington fills a gap between the individual knowledge of a single trader and the collective wisdom of the large financial institutions. In other words, Northington teaches you how to trade individually using the techniques and the leverages of a large institution. This is a big advantage, especially since the rise of the trading platforms which are so easy to use nowadays online. And where the risk is so high and it is so easy to loose large amounts of money in the blink of an eye :)

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The Adventures of a Trader in the Forex Land (2)

Posted on December 7th, 2009 in investing techniques by RaduH

currencies-doitinvest.comWelcome back to my forex trading blog. Or, as one famous trader named his investing book, welcome back to my trading room:))
A few words on the yesterday’s forex blog trade placed. I mentioned that I placed a trade on GBP/JPY by purchasing 0.5 lots at 146.56 on the Nov 25th. Since I bought 0.5 lots, I was expecting the currencies cross exchange rate to increase. The take profit order was placed at 147. Unfortunately for me, I did not place any stop loss. Fortunately for me, the trade was placed on a demo account, which made me bear no losses.

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The Adventures of a Trader in the Forex Land (1)

Posted on December 6th, 2009 in investing techniques by RaduH

Well, yes, I made up my mind. The last few weeks I have been testing a MetaTrader 4 platform with forex trading. My trading activities gave mixed and interesting results. This is why I decided to document this trading journey with this online investing blog. It will be an online diary for me, where I will post my conclusions and my learnings, and in the same time a forum for discussions for you, my readers. Therefore, if you have any comments on my trading methods, style, my tools I used for forex, please land on the comment side and leave me a sign. I am very interested in upgrading our common forex trading knowledge…

How did I start trading? I was flirting with the idea for several months. As you can see here, on doitinvest, I have done lots of reviews lately for forex trading books. These are my lectures.

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FED Admits Consumer Confidence Low

Posted on December 2nd, 2009 in Stocks, investing citations by RaduH

A comment today from FED delicately said that the US economy seemed to improve “modestly”. Well folks we all read the famous Alan Greenspan book “The Age of Unreason” and we know what this means in the FED jargon - that the economy is performing below expectations.

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Retail Sales Advance on Black Friday Not Enough

Posted on November 29th, 2009 in Stocks, investing techniques by RaduH

The recent news on the retail sales on the Black Friday, deemed by most analysts to be the most important indicator of the sector for the whole year, advanced by 0.5% versus last year (2008),according to ShopperTrak RCT Corp.  Should this be enough to lift the retail stocks?

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Book Review – “Currency Trading For Dummies” by Brian Dolan and Mark Galant

Posted on November 27th, 2009 in Forex, Investing strategies, famous investment authors, investing citations by RaduH

A simple search on this title over any search engine will show you the true power of the concept – there are 118,000 results only on Google. I don’t know if this because of the “Dummies” franchise or because of the number of traders willing to learn the ropes of the field. Certainly there is an incredibly high demand for this title and the reasons are simple – the demand for online currency trading is surging.

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