Forex Trading 888

When Market Goes Bad, Broker Shows True Color

noreply@blogger.com (Jimmy Dang) — Tue, 30 Sep 2008 20:04:00 +0000

When the market became volatile, many forex brokers show their true color. One of the most debated brokers - FXCM, was once again at it. Check out the latest FXCM scam thread here.

Random Forex Thing

noreply@blogger.com (Jimmy Dang) — Tue, 30 Sep 2008 19:16:00 +0000

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Such collection possibly specially is the impression opposed easy to realize equally British lbs. We must propose that trades with in money market condition all possible phase angle Forex_Volatility_2008-09-30_5 in Forex, therefore is safe inspects the return current money market again the volatileness laws and regulations to the monitor.

Stock Market Scares Small Investors

noreply@blogger.com (Jimmy Dang) — Tue, 30 Sep 2008 19:13:00 +0000

Read this from another forex blog:

I’ve had a few interesting discussions with my friends who many of them work in the financial industry. Many of them have commented that there has been tons of money being pulled out from the portfolios and placed into low income but more stable GIC and long term savings. Not to mention alot of them fear for their own job security as well.

We also talked about the reason why the money is not flowing into the money market due to the complexity and risks involved in the forex trading market. The recent spreads have been swinging wildly during the major news events such as Bushes’ proposed and eventual failed $700 billion plan to save the banks. One of my friends also noted that he has gotten a few inquiries about currency hedging.

Forex Charts

noreply@blogger.com (Jimmy Dang) — Mon, 25 Aug 2008 19:01:00 +0000

I'm a believer of both fundamental and technical analysis when it comes to trading both currencies and stocks. I believe that the technical statistics provide the latest trading trends and reflect the psychologies of the traders. On the other hand, fundamental stats offer us insights of the real currency and stock values.

One tool that I'm very impressed with is OANDA's FXEconostats. It is an interactive economic statistics graphical tools that display economic stats for an expanding number of major countries in the world. The data traces back to the early 90s and includes stats like GDP, interest rates, employment numbers, commodities, prices and indice, etc. Don't forget to check out other forex charts as well on their forex tools site.

Forex Industry Movers

noreply@blogger.com (Jimmy Dang) — Wed, 20 Aug 2008 22:04:00 +0000

I'm not sure if you have heard about the recent personnel changes at FXCM/DailyFX and GFT where GFT has basically done the improbable - stealing FXCM's top forex strategists and the faces of FXCM - Kathy Lien and Boris Schlossberg to join GFT.

I always thought that what makes FXCM good is the quality and quantity of their forex news service, and it is basically what drives me to their news site. I'm pretty surprise that the company would allow the top strategists and the founders of the site leave to their competitors (and what happened to the non-compete clause that usually comes with the contract?) especially they seem to have the biggest budget in the industry to support the top personnel.

Practice makes forex trading better

noreply@blogger.com (Jimmy Dang) — Wed, 20 Aug 2008 21:33:00 +0000

There are many forex traders out there, and it seems like this type of investment is getting more popular as days go by, thanks to the stumbling stock market and the ever changing technologies.

I have been trading currencies for 3 years now, starting out with practice accounts at different brokers, then started to learn more (unfortunately losing a bit on the way there as well), and it very interesting and exciting. I guess it was to my advantage that I have been studying in colleges and now a master degree at the local university which has provided me plenty of time to stare at the monitor and study the charts and trends.

I guess the steepest learning curve for any brand new forex traders is the initial discovery of the speed of the market changes. Even seasonal forex traders need to pay tons of attention to economic data and currency trading trends in order to succeed. Most people believe that the majority of forex traders lose money in this market, and I tend to believe this idea.

Before really throwing money at the forex brokers, new traders should really get to know the software and their own strengths and weakness before proceeding to trade with a live or real account. There are plenty of free practice forex trading accounts provided by the major forex traders like FXCM, AC Markets, OANDA, FXClub, etc. Practice your skill and update your forex knowledge first, and you will thank me in the future.

Happy forex trading!

First forex post

noreply@blogger.com (Jimmy Dang) — Wed, 20 Aug 2008 20:08:00 +0000

Welcome to my forex blog - Forex Trading 888.

My name is Jimmy, and I have been trading currency for a while.

Not that I think I am an expert in this field, but I believe I have enough experience to share with all the forex traders out there. Aside from forex trading, I might also talk about other money making topics, or things that happen around me.

Please visit often and enjoy my posts.

J