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From Trading Desk – Quantum Globe Inc Dear Forex Trader, You are probably asking yourself how could a forex trader such as myself be so indifferent as to where would EUR/USD or any other currency pair be ten months from now… EUR/USD may be 1.65 or it may be 1.25… USD/CAD can go as low as 0.85
To make it easy for you let me assure you that you don’t need a financial degree or a doctoral dissertation in applied mathematics to be a successful trader. What you do need is a finely tuned and constantly developing common sense. In a weird sort of way, many of the “follow-my-1-2-3-secret-system
Stocks & Commodities V. 24:12 (14-18): Forex Focus: Which Currency Pairs Should I Trade? by Grace Cheng Access to foreign exchange trading has opened up exciting trading options for the retail trader. You can now trade alongside corporations and institutions in a highly liquid market that is global, traded around the clock, and highly leveraged. Before jumping into this market, however, we must understand the factors that affect the forex market. With that in mind, STOCKS & COMMODITIES has introduced Forex Focus to better prepare the retail trader to participate in the currency market. In the currency smorgasbord, which pairs offer the best trading opportunities? Try some of these to decide. The currency market can be likened to a buffet table, where you can select from a variety of currency pairs to trade. With more than 30 currency pairs available, the currency trader has overwhelming number of choices, but having so many options is not unlike a young adult suffering from quarter-life crisis, a recent social phenomenon whereby an individual feels so lost when faced with a multitude of career options that his life seems to be at a standstill. When choosing which currency pairs to trade, besides the usual factors such as liquidity, amount of spreads, technical signals, and so on, other interesting ways of deciding are available. In this article, I will highlight some approaches I use to decide which currency pairs offer the best trading opportunities. STRONGEST/WEAKEST PAIRING Currencies are always traded in pairs, with one currency exchanging for another. When you long a currency pair that is, buying the first currency (known as base currency) and simultaneously selling the second currency in a pair (known as counter currency) you are betting on the price appreciation of the base currency and on the depreciation of the counter currency. You want one currency to become stronger and the other to be weaker in the same pair.
Stocks & Commodities V. 25:5 (12-16): Forex Focus: Gann And Forex by Cornelius Luca Access to foreign exchange trading has opened up exciting trading options for the retail trader. You can now trade alongside corporations and institutions in a highly liquid market that is global, traded around the clock, and highly leveraged. Before jumping into this market, however, we must understand the factors that affect the forex market. With that in mind, STOCKS & COMMODITIES has introduced Forex Focus to better prepare the retail trader to participate in the currency market. Famed stocks and commodities trader William Delbert Gann (18781955) was known not only for his profitability but also for his influential set of technical tools. Gann refined several mathematical methods that combined time and price analysis. The complex result helped him make 264 successful trades out of 286 transactions in various stocks in only 25 market days during October 1909 an incredible feat for a trader! Gann identified four different phases of the market, which his methods can be applied to: bull, peaking, bear, and bottoming markets. The most important features of Gann analysis are: Geometric forms Geometric angles Ratios Squaring of price and time Cardinal square GANN GEOMETRIC FORMS W.D. Gann used basic forms of geometry: squares, circles, and triangles. Lets look at circles first. A circle has 360 degrees, and this number, along with fractions of 360, is widely present in Ganns research. In order to reach his time targets, he extrapolated 30, 90, 120, 180, and 360 days from significant chart points. These forward periods are potential reversal dates. The secondary reversal dates are 45, 135, 225, and 315. You can also plot the number of weeks in a year around the circumference of a circle. If you divide the circle into quarters, you will obtain the following numbers: 13, 26, 39, and 52 weeks. Any of these dates from a significant peak or trough should be targeted for
Stocks & Commodities V. 25:4 (14-17): Forex Focus: Recycle Your Data by Patrick S. Nouvion Access to foreign exchange trading has opened up exciting trading options for the retail trader. You can now trade alongside corporations and institutions in a highly liquid market that is global, traded around the clock, and highly leveraged. Before jumping into this market, however, we must understand the factors that affect the forex market. With that in mind, STOCKS & COMMODITIES has introduced Forex Focus to better prepare the retail trader to participate in the currency market. My job has always been to design new tools for traders, and though I am a trader myself I still find it difficult because most everything has already been done, and done repeatedly. You see, the challenge in my position is to create something that is new and useful. You often see variations of the same concepts and tools. Unfortunately, these are often of no help and no better than the originals. For instance, the moving average convergence/divergence (MACD) indicator was defined with 12- and 26-period exponential moving averages (EMA). People insist on changing the parameters of the averages periods as well as the method and refer to it by a different name. And this is just one example. TRADING FOREX Being a foreign exchange trader, my attention is primarily focused on the forex market. Lately, the buzz has been about the Commitment of Traders data (COT). I programmed a few indicators that would read the COT data and import it into the Interbank FX Trader 4 platform. While COT data certainly has its merits, it is something new and useful for the forex trader. I thought we might have overlooked something that was a little more obvious and just as useful, if not better. As a currency trader, if I were to use some data not directly related to the forex market, my choice would more than likely be oil prices, gold prices, the Nikkei index, and other values that have a proven and direct effect
Borders are a natural development of Celtic patterns, whereby an abstract or animal pattern may be repeated to fill a band or frame a panel. Aidan Meehan shows how to create a variety of rectangular Celtic borders, based upon a simple square-grid. The borders are proportioned to fit a standard
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Stocks & Commodities V. 24:4 (56-63): Interview: Raghee Horner by Jayanthi Gopalakrishnan Raghee Horner is a trader, teacher, and author, with more than 15 years experience in the markets. She is a highly sought-after educator and has taught her brand of technical analysis and charting strategies all over the world, conducting seminars throughout the US, Canada, the Caribbean, and Asia. The author of the works Forex Trading For Maximum Profit and the upcoming Thirty Days Of Trading, she has taught foreign exchange, futures, and equities trading for more than a decade. Emphasizing charting and price action, Horner teaches the tools and strategies that encourage self-directed traders to pursue the study of chart analysis and market psychology. Not only that, she has offered education and analysis on her own radio program and currently produces a daily multimedia commentary for TradeDirectFX.com. She also offers analysis about the forex market for eSignal and is a frequent speaker at the Forex Trader Expo. STOCKS & COMMODITIES Editor Jayanthi Gopalakrishnan interviewed Horner via telephone on February 7, 2006. Q: Raghee, how did you get into forex trading? A: Like a lot of traders, I first got interested because I was already trading other markets, and also like a lot of other traders I was on the lookout for new trading opportunities. I just dont think of myself as just a foreign exchange trader; I trade futures, and on occasion, Ill trade stocks. I actually got my start trading commodity futures, so I was exposed to currency trading via currency futures. So it really felt like a natural move to include the forex market to my trading approach and portfolio. More traders should think of themselves as traders. The market you trade should be secondary to the fact that you have a methodology. Q: Were you working with a firm? A: No, Ive never worked with a firm or managed other peoples money. Ive always been a private trader.
