Hi Forex Nation,
Non-Farm Payroll news has come and gone and I am heading for the golf course for some well earned time away from the markets!
I will be spending some time digesting the market events of the past several days this weekend. Before I go I just want to share with you some thoughts.
This is an Associated Press excerpt from my local paper this week …
“The nation’s largest companies continue to move away from providing traditional pensions, with just over a third now offering the benefit to newly hired workers, a sharp drop over the past few years, according to a survey released Wednesday.
Of the nation’s 100 largest companies, just 37 offered a traditional pension plan to new hires in 2005, down from 42 the previous year and 50 in 2002, according to benefits consulting form Watson Wyatt Worldwide.
In 1985, 89 of the largest 100 companies offered pensions.
At the same time, more companies are providing new hires with only a 401(k) or similar defined contribution plan, with 36 employers now going that route, up from 25 in the previous year and 17 in 2002.”
Being an active participant in the markets is going to be critical for us all. Whether you want to be an active trader like myself or just gain the upper hand in your 401(k) and IRA accounts.
Yes, I am a late generation Baby Boomer. I see the attitudes my parents have towards retirement and it is very clear that I am playing under a different set of rules.
Now is the time to take personal responsibility and get educated on the different investments vehicle available. I have chosen the forex market. I have a passion for currencies.
I also trade the stock market. I had a 4th grade teacher who taught our class about the stock market and would bring the New York Times to class every day. In the 4th grade!!!
I dabble in real estate and of course the Internet, primarily to share my passion for the currency market. I encourage everyone to find their passion, monetize it and enjoy life and the changes that life will inevitably bring.
OK, I have rant and raved enough about taking action to ensure your future! If you have been following my blog you know I do this about once per month.
If you really want to know what I think then sign up for FXTC’s FREE Forex Newsletter. I am giving away 2 special report focused on the changing global economy and how to trade the forex market as your part of your retirement plan.
Some new happenings…
FX Trade Central (aka FXTC) has just been updated!
If you are just starting out in FX trading FXTC has pieced together a currency education curriculum to help guide new traders through a solid first year of training and trading.
FXTC has also evaluated more currency trading courses. Visit the education course list to review the best of breed in forex education.
FX Trade Central has entered into an exciting partnership with Elliott Wave International. Visit FXTC regularly to get the latest updates and specials to learn how to ride the wave!
Happy Cinco de Mayo!
vendredi 5 mai 2006
Weekend Rants and Raves
Hi Forex Nation,
Non-Farm Payroll news has come and gone and I am heading for the golf course for some well earned time away from the markets!
I will be spending some time digesting the market events of the past several days this weekend. Before I go I just want to share with you some thoughts.
This is an Associated Press excerpt from my local paper this week …
“The nation’s largest companies continue to move away from providing traditional pensions, with just over a third now offering the benefit to newly hired workers, a sharp drop over the past few years, according to a survey released Wednesday.
Of the nation’s 100 largest companies, just 37 offered a traditional pension plan to new hires in 2005, down from 42 the previous year and 50 in 2002, according to benefits consulting form Watson Wyatt Worldwide.
In 1985, 89 of the largest 100 companies offered pensions.
At the same time, more companies are providing new hires with only a 401(k) or similar defined contribution plan, with 36 employers now going that route, up from 25 in the previous year and 17 in 2002.”
Being an active participant in the markets is going to be critical for us all. Whether you want to be an active trader like myself or just gain the upper hand in your 401(k) and IRA accounts.
Yes, I am a late generation Baby Boomer. I see the attitudes my parents have towards retirement and it is very clear that I am playing under a different set of rules.
Now is the time to take personal responsibility and get educated on the different investments vehicle available. I have chosen the forex market. I have a passion for currencies.
I also trade the stock market. I had a 4th grade teacher who taught our class about the stock market and would bring the New York Times to class every day. In the 4th grade!!!
I dabble in real estate and of course the Internet, primarily to share my passion for the currency market. I encourage everyone to find their passion, monetize it and enjoy life and the changes that life will inevitably bring.
OK, I have rant and raved enough about taking action to ensure your future! If you have been following my blog you know I do this about once per month.
If you really want to know what I think then sign up for FXTC’s FREE Forex Newsletter. I am giving away 2 special report focused on the changing global economy and how to trade the forex market as your part of your retirement plan.
Some new happenings…
FX Trade Central (aka FXTC) has just been updated!
If you are just starting out in FX trading FXTC has pieced together a currency education curriculum to help guide new traders through a solid first year of training and trading.
FXTC has also evaluated more currency trading courses. Visit the education course list to review the best of breed in forex education.
FX Trade Central has entered into an exciting partnership with Elliott Wave International. Visit FXTC regularly to get the latest updates and specials to learn how to ride the wave!
Happy Cinco de Mayo!
Non-Farm Payroll news has come and gone and I am heading for the golf course for some well earned time away from the markets!
I will be spending some time digesting the market events of the past several days this weekend. Before I go I just want to share with you some thoughts.
This is an Associated Press excerpt from my local paper this week …
“The nation’s largest companies continue to move away from providing traditional pensions, with just over a third now offering the benefit to newly hired workers, a sharp drop over the past few years, according to a survey released Wednesday.
Of the nation’s 100 largest companies, just 37 offered a traditional pension plan to new hires in 2005, down from 42 the previous year and 50 in 2002, according to benefits consulting form Watson Wyatt Worldwide.
In 1985, 89 of the largest 100 companies offered pensions.
At the same time, more companies are providing new hires with only a 401(k) or similar defined contribution plan, with 36 employers now going that route, up from 25 in the previous year and 17 in 2002.”
Being an active participant in the markets is going to be critical for us all. Whether you want to be an active trader like myself or just gain the upper hand in your 401(k) and IRA accounts.
Yes, I am a late generation Baby Boomer. I see the attitudes my parents have towards retirement and it is very clear that I am playing under a different set of rules.
Now is the time to take personal responsibility and get educated on the different investments vehicle available. I have chosen the forex market. I have a passion for currencies.
I also trade the stock market. I had a 4th grade teacher who taught our class about the stock market and would bring the New York Times to class every day. In the 4th grade!!!
I dabble in real estate and of course the Internet, primarily to share my passion for the currency market. I encourage everyone to find their passion, monetize it and enjoy life and the changes that life will inevitably bring.
OK, I have rant and raved enough about taking action to ensure your future! If you have been following my blog you know I do this about once per month.
If you really want to know what I think then sign up for FXTC’s FREE Forex Newsletter. I am giving away 2 special report focused on the changing global economy and how to trade the forex market as your part of your retirement plan.
Some new happenings…
FX Trade Central (aka FXTC) has just been updated!
If you are just starting out in FX trading FXTC has pieced together a currency education curriculum to help guide new traders through a solid first year of training and trading.
FXTC has also evaluated more currency trading courses. Visit the education course list to review the best of breed in forex education.
FX Trade Central has entered into an exciting partnership with Elliott Wave International. Visit FXTC regularly to get the latest updates and specials to learn how to ride the wave!
Happy Cinco de Mayo!
mercredi 3 mai 2006
New FX Article and Website Changes
Hi Forex Team!
Are you getting pumped up for Thursday and Friday's economic data? Should be excellent trading days to close the week.
I have written another article about Elliott Wave analysis in forex market evaluation. Check it out and as always you are free to use the information and/or distribute the article as long as you retain my name as the author and link.
http://EzineArticles.com/?id=186739
I have spend a great deal of time revamping the website and reviewing more forex education courses. Feel free to visit FX Trade Central.
Happy Trading!
Are you getting pumped up for Thursday and Friday's economic data? Should be excellent trading days to close the week.
I have written another article about Elliott Wave analysis in forex market evaluation. Check it out and as always you are free to use the information and/or distribute the article as long as you retain my name as the author and link.
http://EzineArticles.com/?id=186739
I have spend a great deal of time revamping the website and reviewing more forex education courses. Feel free to visit FX Trade Central.
Happy Trading!
New FX Article and Website Changes
Hi Forex Team!
Are you getting pumped up for Thursday and Friday's economic data? Should be excellent trading days to close the week.
I have written another article about Elliott Wave analysis in forex market evaluation. Check it out and as always you are free to use the information and/or distribute the article as long as you retain my name as the author and link.
http://EzineArticles.com/?id=186739
I have spend a great deal of time revamping the website and reviewing more forex education courses. Feel free to visit FX Trade Central.
Happy Trading!
Are you getting pumped up for Thursday and Friday's economic data? Should be excellent trading days to close the week.
I have written another article about Elliott Wave analysis in forex market evaluation. Check it out and as always you are free to use the information and/or distribute the article as long as you retain my name as the author and link.
http://EzineArticles.com/?id=186739
I have spend a great deal of time revamping the website and reviewing more forex education courses. Feel free to visit FX Trade Central.
Happy Trading!
lundi 1 mai 2006
It’s a Leap of Faith
There is one thing anyone who trades the forex market will come to realize at some point in their trading career is that at any given time the market can and will do anything.
As technical traders we have spent time studying the markets and have grown fond of the lessons price action has taught us. We use events of the past to anticipate high probability actions of the future. But the hard and cold reality is that the market is the only one that truly knows what the market is going to do!
In the market there are buyers and sellers. Buyers will move a currency pair higher, while sellers will move a currency pair lower. Since there are human participants in the market we use tools of nature in our technical analysis such as Fibonacci ratios and Elliott Wave analysis. But in the end the profitability of a trader comes down to our basic beliefs.
When the market is moving up there are more forex traders with a belief of the market moving higher then there are traders believing the markets are moving lower.
It is that simple!
To keep trading profitably we must exhibit solid trading beliefs in ourselves and in our forex trading systems. Here are 3 traits we must incorporate into our currency training belief systems to have consistent success.
1. We must pre-define the risk before entering any trade. We must be able to quantify the “what if I am wrong” question. It is always the trader that is wrong and never the market itself.
2. Listen to the market. It will answer your question. Don’t ignore what the market is telling you. Solid traders will cut there loses with hesitation or reservation when the market goes against them.
3. Good forex traders have a systematic and organized system for taking profits. When entering a trade a successful forex trader will access the risk in a trade, enter a trade on a systematic risk-reward ratio and exit (without hesitation or reservation) when a profit target is achieved.
Expect the unexpected! Knowing the risk and reward and taking the trades that the market gives you is the best, most consistent way to succeed in the forex market. Trading the forex market is a marathon and not a sprint. You will hit some homeruns, but only if you apply a consistent and systematic approach to your trading.
We all must believe in something. Believe that the market is always correct and when you are wrong the market is not branding you as a failure, merely proving you with feedback to make you an even better trader!
For more information on the force market visit FX Trade Central , sign up for FXTC's Forex Education Newsletter and be sure and preview FXTC’s approved list of forex education courses and continuous learning tools.
Happy Trading!
As technical traders we have spent time studying the markets and have grown fond of the lessons price action has taught us. We use events of the past to anticipate high probability actions of the future. But the hard and cold reality is that the market is the only one that truly knows what the market is going to do!
In the market there are buyers and sellers. Buyers will move a currency pair higher, while sellers will move a currency pair lower. Since there are human participants in the market we use tools of nature in our technical analysis such as Fibonacci ratios and Elliott Wave analysis. But in the end the profitability of a trader comes down to our basic beliefs.
When the market is moving up there are more forex traders with a belief of the market moving higher then there are traders believing the markets are moving lower.
It is that simple!
To keep trading profitably we must exhibit solid trading beliefs in ourselves and in our forex trading systems. Here are 3 traits we must incorporate into our currency training belief systems to have consistent success.
1. We must pre-define the risk before entering any trade. We must be able to quantify the “what if I am wrong” question. It is always the trader that is wrong and never the market itself.
2. Listen to the market. It will answer your question. Don’t ignore what the market is telling you. Solid traders will cut there loses with hesitation or reservation when the market goes against them.
3. Good forex traders have a systematic and organized system for taking profits. When entering a trade a successful forex trader will access the risk in a trade, enter a trade on a systematic risk-reward ratio and exit (without hesitation or reservation) when a profit target is achieved.
Expect the unexpected! Knowing the risk and reward and taking the trades that the market gives you is the best, most consistent way to succeed in the forex market. Trading the forex market is a marathon and not a sprint. You will hit some homeruns, but only if you apply a consistent and systematic approach to your trading.
We all must believe in something. Believe that the market is always correct and when you are wrong the market is not branding you as a failure, merely proving you with feedback to make you an even better trader!
For more information on the force market visit FX Trade Central , sign up for FXTC's Forex Education Newsletter and be sure and preview FXTC’s approved list of forex education courses and continuous learning tools.
Happy Trading!
It’s a Leap of Faith
There is one thing anyone who trades the forex market will come to realize at some point in their trading career is that at any given time the market can and will do anything.
As technical traders we have spent time studying the markets and have grown fond of the lessons price action has taught us. We use events of the past to anticipate high probability actions of the future. But the hard and cold reality is that the market is the only one that truly knows what the market is going to do!
In the market there are buyers and sellers. Buyers will move a currency pair higher, while sellers will move a currency pair lower. Since there are human participants in the market we use tools of nature in our technical analysis such as Fibonacci ratios and Elliott Wave analysis. But in the end the profitability of a trader comes down to our basic beliefs.
When the market is moving up there are more forex traders with a belief of the market moving higher then there are traders believing the markets are moving lower.
It is that simple!
To keep trading profitably we must exhibit solid trading beliefs in ourselves and in our forex trading systems. Here are 3 traits we must incorporate into our currency training belief systems to have consistent success.
1. We must pre-define the risk before entering any trade. We must be able to quantify the “what if I am wrong” question. It is always the trader that is wrong and never the market itself.
2. Listen to the market. It will answer your question. Don’t ignore what the market is telling you. Solid traders will cut there loses with hesitation or reservation when the market goes against them.
3. Good forex traders have a systematic and organized system for taking profits. When entering a trade a successful forex trader will access the risk in a trade, enter a trade on a systematic risk-reward ratio and exit (without hesitation or reservation) when a profit target is achieved.
Expect the unexpected! Knowing the risk and reward and taking the trades that the market gives you is the best, most consistent way to succeed in the forex market. Trading the forex market is a marathon and not a sprint. You will hit some homeruns, but only if you apply a consistent and systematic approach to your trading.
We all must believe in something. Believe that the market is always correct and when you are wrong the market is not branding you as a failure, merely proving you with feedback to make you an even better trader!
For more information on the force market visit FX Trade Central , sign up for FXTC's Forex Education Newsletter and be sure and preview FXTC’s approved list of forex education courses and continuous learning tools.
Happy Trading!
As technical traders we have spent time studying the markets and have grown fond of the lessons price action has taught us. We use events of the past to anticipate high probability actions of the future. But the hard and cold reality is that the market is the only one that truly knows what the market is going to do!
In the market there are buyers and sellers. Buyers will move a currency pair higher, while sellers will move a currency pair lower. Since there are human participants in the market we use tools of nature in our technical analysis such as Fibonacci ratios and Elliott Wave analysis. But in the end the profitability of a trader comes down to our basic beliefs.
When the market is moving up there are more forex traders with a belief of the market moving higher then there are traders believing the markets are moving lower.
It is that simple!
To keep trading profitably we must exhibit solid trading beliefs in ourselves and in our forex trading systems. Here are 3 traits we must incorporate into our currency training belief systems to have consistent success.
1. We must pre-define the risk before entering any trade. We must be able to quantify the “what if I am wrong” question. It is always the trader that is wrong and never the market itself.
2. Listen to the market. It will answer your question. Don’t ignore what the market is telling you. Solid traders will cut there loses with hesitation or reservation when the market goes against them.
3. Good forex traders have a systematic and organized system for taking profits. When entering a trade a successful forex trader will access the risk in a trade, enter a trade on a systematic risk-reward ratio and exit (without hesitation or reservation) when a profit target is achieved.
Expect the unexpected! Knowing the risk and reward and taking the trades that the market gives you is the best, most consistent way to succeed in the forex market. Trading the forex market is a marathon and not a sprint. You will hit some homeruns, but only if you apply a consistent and systematic approach to your trading.
We all must believe in something. Believe that the market is always correct and when you are wrong the market is not branding you as a failure, merely proving you with feedback to make you an even better trader!
For more information on the force market visit FX Trade Central , sign up for FXTC's Forex Education Newsletter and be sure and preview FXTC’s approved list of forex education courses and continuous learning tools.
Happy Trading!
jeudi 27 avril 2006
Evaluating the Forex Market
Hello Forex Nation!
I recently wrote an article for EzineArticles.com about Evaluating the Forex Market. Check it out and it is free to include as content on your site or blog as well.
http://www.ezinearticles.com/?Evaluating-the-Forex-Market&id=180987
Happy Trading!
I recently wrote an article for EzineArticles.com about Evaluating the Forex Market. Check it out and it is free to include as content on your site or blog as well.
http://www.ezinearticles.com/?Evaluating-the-Forex-Market&id=180987
Happy Trading!
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