Hi Forex Nation!
I was discussing with some friends about setting yourself up to begin trading currencies. I found this good article (a little general), but provides a good outline for what do if your are ready to dive in and start learning!
Forex Trading Tools - Trading Computers, Forex Charting Software, Trade Stations, Trading Platforms, Forex Advisories,, Forex News:
"This is a collection of Forex 'Tools of the Trade' -- products and services that we have found to be the best of all we have tried over many years, and additonally selected because the companies behind them have demonstrated reliable service, integrity and value. They are beginner-friendly, yet offering a growing trader lots of support. Look for the Forex-Trader discounts.
To trade Forex successfully you will need the basics:
1. A reliable, reasonably fast computer, preferably with high speed access to the internet (DSL or Cable Modem for example). An Internet dial-up account or the telephone becomes your back-up should your primary access fail.
2. Good foreign currencies 'charting software' with a reliable, accurate data feed so that you can track currency movements in real time and perform the technical analysis necessary to trade effectively.
3. An on-line Forex trading account with a brokerage firm which provides a reliable Trading Platform, fair 'spreads', quick execution of trades, good on-line reporting, and excellent customer service.
4. A subscription to at least one Forex Trading 'Advisory Service' which provides market overviews at least daily. This gives you the context and overall directions of the market and will greatly assist in your own analysis and decision making.
Most importantly, you will need effective training and/or mentoring to master the techniques and discipline which 90 percent of beginning traders lack. This can be home study via cd's or on-line lessons, classes you travel to, or trainer/mentors who come to you. "
My blog is dedicated to helping those on the journey that currency trading has become for me!
Click here to see my recommended currency training courses.
Also I have established a training curriculum to guide the "new" currency traders through their first year of trading the forex market.
Happy Trading!
samedi 13 mai 2006
Forex Trading Tools
Hi Forex Nation!
I was discussing with some friends about setting yourself up to begin trading currencies. I found this good article (a little general), but provides a good outline for what do if your are ready to dive in and start learning!
Forex Trading Tools - Trading Computers, Forex Charting Software, Trade Stations, Trading Platforms, Forex Advisories,, Forex News:
"This is a collection of Forex 'Tools of the Trade' -- products and services that we have found to be the best of all we have tried over many years, and additonally selected because the companies behind them have demonstrated reliable service, integrity and value. They are beginner-friendly, yet offering a growing trader lots of support. Look for the Forex-Trader discounts.
To trade Forex successfully you will need the basics:
1. A reliable, reasonably fast computer, preferably with high speed access to the internet (DSL or Cable Modem for example). An Internet dial-up account or the telephone becomes your back-up should your primary access fail.
2. Good foreign currencies 'charting software' with a reliable, accurate data feed so that you can track currency movements in real time and perform the technical analysis necessary to trade effectively.
3. An on-line Forex trading account with a brokerage firm which provides a reliable Trading Platform, fair 'spreads', quick execution of trades, good on-line reporting, and excellent customer service.
4. A subscription to at least one Forex Trading 'Advisory Service' which provides market overviews at least daily. This gives you the context and overall directions of the market and will greatly assist in your own analysis and decision making.
Most importantly, you will need effective training and/or mentoring to master the techniques and discipline which 90 percent of beginning traders lack. This can be home study via cd's or on-line lessons, classes you travel to, or trainer/mentors who come to you. "
My blog is dedicated to helping those on the journey that currency trading has become for me!
Click here to see my recommended currency training courses.
Also I have established a training curriculum to guide the "new" currency traders through their first year of trading the forex market.
Happy Trading!
I was discussing with some friends about setting yourself up to begin trading currencies. I found this good article (a little general), but provides a good outline for what do if your are ready to dive in and start learning!
Forex Trading Tools - Trading Computers, Forex Charting Software, Trade Stations, Trading Platforms, Forex Advisories,, Forex News:
"This is a collection of Forex 'Tools of the Trade' -- products and services that we have found to be the best of all we have tried over many years, and additonally selected because the companies behind them have demonstrated reliable service, integrity and value. They are beginner-friendly, yet offering a growing trader lots of support. Look for the Forex-Trader discounts.
To trade Forex successfully you will need the basics:
1. A reliable, reasonably fast computer, preferably with high speed access to the internet (DSL or Cable Modem for example). An Internet dial-up account or the telephone becomes your back-up should your primary access fail.
2. Good foreign currencies 'charting software' with a reliable, accurate data feed so that you can track currency movements in real time and perform the technical analysis necessary to trade effectively.
3. An on-line Forex trading account with a brokerage firm which provides a reliable Trading Platform, fair 'spreads', quick execution of trades, good on-line reporting, and excellent customer service.
4. A subscription to at least one Forex Trading 'Advisory Service' which provides market overviews at least daily. This gives you the context and overall directions of the market and will greatly assist in your own analysis and decision making.
Most importantly, you will need effective training and/or mentoring to master the techniques and discipline which 90 percent of beginning traders lack. This can be home study via cd's or on-line lessons, classes you travel to, or trainer/mentors who come to you. "
My blog is dedicated to helping those on the journey that currency trading has become for me!
Click here to see my recommended currency training courses.
Also I have established a training curriculum to guide the "new" currency traders through their first year of trading the forex market.
Happy Trading!
mercredi 10 mai 2006
Stop Trading!!!
You ever watch a court room drama on TV and have the judge order a recess just as things are getting hot and out of control?
Have you ever been in a trade when things got hot and out of control?
Well, that is the time to stop trading and time to regroup!
Professional traders have a built in advantage in the form of a professional risk manager. These risk managers oversee the traders and monitor their trading activities.
Once professional trader drops below a certain level they must cease trading activities and re-access the market and their trading criteria.
Professional traders are not the only ones with a risk manager to oversea their activities.
In baseball, when a pitcher is having a rough outing the pitching coach will call time out and visit the pitcher. The pitching coach will discuss strategy and mechanics in an attempt to get the pitcher to re-group and re-focus.
If things continue to go bad for the pitcher, the next visit is by the manager to remove the pitcher from the game. Better to stop the pitcher from continuing in order not to jeopardize the game further.
We must also think about having a risk manager!
Individual traders do not have a professional risk manager at their disposal. The individual trader must rely on training, discipline and a solid trading plan.
Like a court room recess or a pitcher being taken out of the game, we must program into our trading plans rules for taking a time out and re-grouping after a series of poorly executed trades or market misreads.
Loses are a part of trading. However, we should have a maximum daily and account size draw that would trigger a predefined re-evaluation of our trading activities.
If we do not have a strategy to regroup built into our trading plan, then you risk letting emotions rule of trading decisions. That can only result in a downward spiral and a quick end of your trading capital and possibly to your FX career.
Remember, the market is always right! But also remember that the market is not trying to punish you. The market is only providing you feedback! The market can be a great teacher, but only if you are prepared to take advantage of the lesson.
“The expectations of life depend upon diligence; the mechanic that would perfect his work must first sharpen his tools.”
- Confucius
Sign up for FXTC’s FREE Forex Newsletter to stay current with your forex education.
To be a complete forex trader visit FXTC’s Forex Education Roadmap. Continuous education will be your springboard to currency trading success!
Happy Trading!
Have you ever been in a trade when things got hot and out of control?
Well, that is the time to stop trading and time to regroup!
Professional traders have a built in advantage in the form of a professional risk manager. These risk managers oversee the traders and monitor their trading activities.
Once professional trader drops below a certain level they must cease trading activities and re-access the market and their trading criteria.
Professional traders are not the only ones with a risk manager to oversea their activities.
In baseball, when a pitcher is having a rough outing the pitching coach will call time out and visit the pitcher. The pitching coach will discuss strategy and mechanics in an attempt to get the pitcher to re-group and re-focus.
If things continue to go bad for the pitcher, the next visit is by the manager to remove the pitcher from the game. Better to stop the pitcher from continuing in order not to jeopardize the game further.
We must also think about having a risk manager!
Individual traders do not have a professional risk manager at their disposal. The individual trader must rely on training, discipline and a solid trading plan.
Like a court room recess or a pitcher being taken out of the game, we must program into our trading plans rules for taking a time out and re-grouping after a series of poorly executed trades or market misreads.
Loses are a part of trading. However, we should have a maximum daily and account size draw that would trigger a predefined re-evaluation of our trading activities.
If we do not have a strategy to regroup built into our trading plan, then you risk letting emotions rule of trading decisions. That can only result in a downward spiral and a quick end of your trading capital and possibly to your FX career.
Remember, the market is always right! But also remember that the market is not trying to punish you. The market is only providing you feedback! The market can be a great teacher, but only if you are prepared to take advantage of the lesson.
“The expectations of life depend upon diligence; the mechanic that would perfect his work must first sharpen his tools.”
- Confucius
Sign up for FXTC’s FREE Forex Newsletter to stay current with your forex education.
To be a complete forex trader visit FXTC’s Forex Education Roadmap. Continuous education will be your springboard to currency trading success!
Happy Trading!
Stop Trading!!!
You ever watch a court room drama on TV and have the judge order a recess just as things are getting hot and out of control?
Have you ever been in a trade when things got hot and out of control?
Well, that is the time to stop trading and time to regroup!
Professional traders have a built in advantage in the form of a professional risk manager. These risk managers oversee the traders and monitor their trading activities.
Once professional trader drops below a certain level they must cease trading activities and re-access the market and their trading criteria.
Professional traders are not the only ones with a risk manager to oversea their activities.
In baseball, when a pitcher is having a rough outing the pitching coach will call time out and visit the pitcher. The pitching coach will discuss strategy and mechanics in an attempt to get the pitcher to re-group and re-focus.
If things continue to go bad for the pitcher, the next visit is by the manager to remove the pitcher from the game. Better to stop the pitcher from continuing in order not to jeopardize the game further.
We must also think about having a risk manager!
Individual traders do not have a professional risk manager at their disposal. The individual trader must rely on training, discipline and a solid trading plan.
Like a court room recess or a pitcher being taken out of the game, we must program into our trading plans rules for taking a time out and re-grouping after a series of poorly executed trades or market misreads.
Loses are a part of trading. However, we should have a maximum daily and account size draw that would trigger a predefined re-evaluation of our trading activities.
If we do not have a strategy to regroup built into our trading plan, then you risk letting emotions rule of trading decisions. That can only result in a downward spiral and a quick end of your trading capital and possibly to your FX career.
Remember, the market is always right! But also remember that the market is not trying to punish you. The market is only providing you feedback! The market can be a great teacher, but only if you are prepared to take advantage of the lesson.
“The expectations of life depend upon diligence; the mechanic that would perfect his work must first sharpen his tools.”
- Confucius
Sign up for FXTC’s FREE Forex Newsletter to stay current with your forex education.
To be a complete forex trader visit FXTC’s Forex Education Roadmap. Continuous education will be your springboard to currency trading success!
Happy Trading!
Have you ever been in a trade when things got hot and out of control?
Well, that is the time to stop trading and time to regroup!
Professional traders have a built in advantage in the form of a professional risk manager. These risk managers oversee the traders and monitor their trading activities.
Once professional trader drops below a certain level they must cease trading activities and re-access the market and their trading criteria.
Professional traders are not the only ones with a risk manager to oversea their activities.
In baseball, when a pitcher is having a rough outing the pitching coach will call time out and visit the pitcher. The pitching coach will discuss strategy and mechanics in an attempt to get the pitcher to re-group and re-focus.
If things continue to go bad for the pitcher, the next visit is by the manager to remove the pitcher from the game. Better to stop the pitcher from continuing in order not to jeopardize the game further.
We must also think about having a risk manager!
Individual traders do not have a professional risk manager at their disposal. The individual trader must rely on training, discipline and a solid trading plan.
Like a court room recess or a pitcher being taken out of the game, we must program into our trading plans rules for taking a time out and re-grouping after a series of poorly executed trades or market misreads.
Loses are a part of trading. However, we should have a maximum daily and account size draw that would trigger a predefined re-evaluation of our trading activities.
If we do not have a strategy to regroup built into our trading plan, then you risk letting emotions rule of trading decisions. That can only result in a downward spiral and a quick end of your trading capital and possibly to your FX career.
Remember, the market is always right! But also remember that the market is not trying to punish you. The market is only providing you feedback! The market can be a great teacher, but only if you are prepared to take advantage of the lesson.
“The expectations of life depend upon diligence; the mechanic that would perfect his work must first sharpen his tools.”
- Confucius
Sign up for FXTC’s FREE Forex Newsletter to stay current with your forex education.
To be a complete forex trader visit FXTC’s Forex Education Roadmap. Continuous education will be your springboard to currency trading success!
Happy Trading!
lundi 8 mai 2006
The Canadian Dollar, Swissy of the Americas!
The Canadian Dollar is emerging as the Swiss Franc of the Americas! Recently, the CAD has ascended to levels against the USD that has not been seen since the 1970s!
Let’s take a look at some of the events which would make it the CAD the nouveau safe haven currency of the Western Hemisphere.
1. Euro as Reserve Currency
Central Banks have been on a recent run of reorganizing their foreign reserves. Most Central Banks are diversifying into more euro holdings and less USD. This has solidifying the Euro as a strong alternative in foreign reserve currency holdings.
A declining dollar benefits the CAD greatly!
2. Geo-Political Factors in the Americas
Cuba has long challenged the United States’ influence throughout the Americas. Recently, Venezuela has joined in the left-wing struggle and has been slowly renegotiated energy contract with the big multi-nationals.
With oil prices rising, Hugo Chavez has been exporting Venezuela’s new found oil influence throughout Latin America.
Recently, Venezuela was joined by Bolivia when, in a surprising move, nationalized their gas fields. This has many traders nervous since it is in the United States backyard.
3. CAD is the new Petro-Currency
In the time when the UK began pumping oil from the North Sea, GBP was the petro-currency of the time. Now a good oil play is to buy CAD and sell JPY. The CAD has shown strong correlation with the price of oil. CAD/JPY has shown an over 85% correlation to the price of oil since 2004.
Why the CAD/JPY? Simple! Canada is a net export of oil and Japan is a net importer of oil.
4. Net Exporter
Canada currently runs a trade surplus with its largest trade partner, the United States. This will give it more backing than any currency in the Americas as an alternate to the USD. Canada is rich in the commodities most in demand, oil, natural gas, diamonds and gold.
China and India are emerging economies with size. As their economy grows their demand for oil will grow also. So far OPEC has not demonstrated the capability to expand capacity in line with the increase in demand.
This should keep the CAD in demand as pressure for these resources are predicted to increase into the future.
The fact that the CAD has strengthened so much so fast should not be a surprise to anyone. This country has the resources and government control to play to its strengths, much like Switzerland.
Caution should be exercised. As with Britain when North Sea oil was plentiful, the CAD could strengthened to a degree that could trigger an economic downturn. North Sea oil peaked in 1999 and Britain is now a net importer of oil.
Conclusion, if you are looking for an oil play in the currency market or a safe haven to the USD in challenging geo-political times, let me introduce you to the Canadian Dollar.
For more currency education visit FX Trade Central!
Happy Trading!
Let’s take a look at some of the events which would make it the CAD the nouveau safe haven currency of the Western Hemisphere.
1. Euro as Reserve Currency
Central Banks have been on a recent run of reorganizing their foreign reserves. Most Central Banks are diversifying into more euro holdings and less USD. This has solidifying the Euro as a strong alternative in foreign reserve currency holdings.
A declining dollar benefits the CAD greatly!
2. Geo-Political Factors in the Americas
Cuba has long challenged the United States’ influence throughout the Americas. Recently, Venezuela has joined in the left-wing struggle and has been slowly renegotiated energy contract with the big multi-nationals.
With oil prices rising, Hugo Chavez has been exporting Venezuela’s new found oil influence throughout Latin America.
Recently, Venezuela was joined by Bolivia when, in a surprising move, nationalized their gas fields. This has many traders nervous since it is in the United States backyard.
3. CAD is the new Petro-Currency
In the time when the UK began pumping oil from the North Sea, GBP was the petro-currency of the time. Now a good oil play is to buy CAD and sell JPY. The CAD has shown strong correlation with the price of oil. CAD/JPY has shown an over 85% correlation to the price of oil since 2004.
Why the CAD/JPY? Simple! Canada is a net export of oil and Japan is a net importer of oil.
4. Net Exporter
Canada currently runs a trade surplus with its largest trade partner, the United States. This will give it more backing than any currency in the Americas as an alternate to the USD. Canada is rich in the commodities most in demand, oil, natural gas, diamonds and gold.
China and India are emerging economies with size. As their economy grows their demand for oil will grow also. So far OPEC has not demonstrated the capability to expand capacity in line with the increase in demand.
This should keep the CAD in demand as pressure for these resources are predicted to increase into the future.
The fact that the CAD has strengthened so much so fast should not be a surprise to anyone. This country has the resources and government control to play to its strengths, much like Switzerland.
Caution should be exercised. As with Britain when North Sea oil was plentiful, the CAD could strengthened to a degree that could trigger an economic downturn. North Sea oil peaked in 1999 and Britain is now a net importer of oil.
Conclusion, if you are looking for an oil play in the currency market or a safe haven to the USD in challenging geo-political times, let me introduce you to the Canadian Dollar.
For more currency education visit FX Trade Central!
Happy Trading!
The Canadian Dollar, Swissy of the Americas!
The Canadian Dollar is emerging as the Swiss Franc of the Americas! Recently, the CAD has ascended to levels against the USD that has not been seen since the 1970s!
Let’s take a look at some of the events which would make it the CAD the nouveau safe haven currency of the Western Hemisphere.
1. Euro as Reserve Currency
Central Banks have been on a recent run of reorganizing their foreign reserves. Most Central Banks are diversifying into more euro holdings and less USD. This has solidifying the Euro as a strong alternative in foreign reserve currency holdings.
A declining dollar benefits the CAD greatly!
2. Geo-Political Factors in the Americas
Cuba has long challenged the United States’ influence throughout the Americas. Recently, Venezuela has joined in the left-wing struggle and has been slowly renegotiated energy contract with the big multi-nationals.
With oil prices rising, Hugo Chavez has been exporting Venezuela’s new found oil influence throughout Latin America.
Recently, Venezuela was joined by Bolivia when, in a surprising move, nationalized their gas fields. This has many traders nervous since it is in the United States backyard.
3. CAD is the new Petro-Currency
In the time when the UK began pumping oil from the North Sea, GBP was the petro-currency of the time. Now a good oil play is to buy CAD and sell JPY. The CAD has shown strong correlation with the price of oil. CAD/JPY has shown an over 85% correlation to the price of oil since 2004.
Why the CAD/JPY? Simple! Canada is a net export of oil and Japan is a net importer of oil.
4. Net Exporter
Canada currently runs a trade surplus with its largest trade partner, the United States. This will give it more backing than any currency in the Americas as an alternate to the USD. Canada is rich in the commodities most in demand, oil, natural gas, diamonds and gold.
China and India are emerging economies with size. As their economy grows their demand for oil will grow also. So far OPEC has not demonstrated the capability to expand capacity in line with the increase in demand.
This should keep the CAD in demand as pressure for these resources are predicted to increase into the future.
The fact that the CAD has strengthened so much so fast should not be a surprise to anyone. This country has the resources and government control to play to its strengths, much like Switzerland.
Caution should be exercised. As with Britain when North Sea oil was plentiful, the CAD could strengthened to a degree that could trigger an economic downturn. North Sea oil peaked in 1999 and Britain is now a net importer of oil.
Conclusion, if you are looking for an oil play in the currency market or a safe haven to the USD in challenging geo-political times, let me introduce you to the Canadian Dollar.
For more currency education visit FX Trade Central!
Happy Trading!
Let’s take a look at some of the events which would make it the CAD the nouveau safe haven currency of the Western Hemisphere.
1. Euro as Reserve Currency
Central Banks have been on a recent run of reorganizing their foreign reserves. Most Central Banks are diversifying into more euro holdings and less USD. This has solidifying the Euro as a strong alternative in foreign reserve currency holdings.
A declining dollar benefits the CAD greatly!
2. Geo-Political Factors in the Americas
Cuba has long challenged the United States’ influence throughout the Americas. Recently, Venezuela has joined in the left-wing struggle and has been slowly renegotiated energy contract with the big multi-nationals.
With oil prices rising, Hugo Chavez has been exporting Venezuela’s new found oil influence throughout Latin America.
Recently, Venezuela was joined by Bolivia when, in a surprising move, nationalized their gas fields. This has many traders nervous since it is in the United States backyard.
3. CAD is the new Petro-Currency
In the time when the UK began pumping oil from the North Sea, GBP was the petro-currency of the time. Now a good oil play is to buy CAD and sell JPY. The CAD has shown strong correlation with the price of oil. CAD/JPY has shown an over 85% correlation to the price of oil since 2004.
Why the CAD/JPY? Simple! Canada is a net export of oil and Japan is a net importer of oil.
4. Net Exporter
Canada currently runs a trade surplus with its largest trade partner, the United States. This will give it more backing than any currency in the Americas as an alternate to the USD. Canada is rich in the commodities most in demand, oil, natural gas, diamonds and gold.
China and India are emerging economies with size. As their economy grows their demand for oil will grow also. So far OPEC has not demonstrated the capability to expand capacity in line with the increase in demand.
This should keep the CAD in demand as pressure for these resources are predicted to increase into the future.
The fact that the CAD has strengthened so much so fast should not be a surprise to anyone. This country has the resources and government control to play to its strengths, much like Switzerland.
Caution should be exercised. As with Britain when North Sea oil was plentiful, the CAD could strengthened to a degree that could trigger an economic downturn. North Sea oil peaked in 1999 and Britain is now a net importer of oil.
Conclusion, if you are looking for an oil play in the currency market or a safe haven to the USD in challenging geo-political times, let me introduce you to the Canadian Dollar.
For more currency education visit FX Trade Central!
Happy Trading!
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!
Inscription à :
Articles (Atom)