If you are a forex trader, you of course noticed the advance of the CHF (swiss franc) against most of the other currencies. According to the OECD’s calculations, the swiss franc is 44% overvalued against the dollar and 42% overvalued compared to the euro. And this has happened steadily in the last 6 months or so, without a retreat. What […]
I am sure this is a question that haunts most of the today’s traders. And of course if you would know the answer, we would not know on which island you would live :). A simple graph (at the beginning of this blog) is showing that the EUR/USD pair has ramped up from 1.3552 to 1.4825 (as of today May […]
It has been quite a while since I have not written any longer about my forex adventures. This does not mean that I did not followed up on how the currency pairs moved, just that I was a bit absorbed with other blogs… lately I abandoned a bit my trading with the GBP/JPY pair and focused rather on the EUR/USD […]
If you read my previous book reviews, then you certainly know how much I like this type of companion books. Mostly I enjoy the graphs and seeing the logic behind- and the more I see, the more puzzled I am (but this is another topic). “Forex Chartist Companion – A Visual Approach To Technical Analysis” was no exception to the […]
Or (if you want) miss-correlations. As all of your guru traders will say, in the forex trading you learn for your lifetime. And when you think you saw them all, something comes and takes away all your confidence (and hopefully not your profits, especially when you have the risk management tools in place). What happened? I decided to test today […]
Lately I have been reading many forex trading books, trying to climb quickly the steep learning curve necessary. Necessary to transform this into a full time occupation. In the beginning I thought it was easy, as most of the beginner traders think. Just read a couple of books and test a bit the platform for trading forex pairs, no matter […]
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.