Archive for July, 2009
3 Sins of Trading It is an often repeated maxim amongst financial cognoscenti that Americans devote more time to arranging their summer vacations than they do planning for their life in retirement. I am certain that’s true, just as it is true that many traders spend more time checking the ripeness of the fruit at [...]
I will be offline for a few days next week as I will be conducting seminars at the Forex and Options Expo in Las Vegas. If you are around, please check out and come by and say hi!
The convention will be held at Caesars Palace August 2-4
Here are my sessions:
Monday 8/3: Fast and [...]
I found something really interesting about the similarities of some of the news headlines in July to that of the 1930s.
Here’s news from July 24 2009 and July 24 1930. The news from today’s Wall Street Journal has been inserted and bolded to show the similarities. History doesn’t repeat, but does it [...]
As usual, this is another great piece from the Daily Show last night on how Tim Geithner can’t sell his house:
The Daily Show With Jon Stewart
Mon – Thurs 11p / 10c
For the past four trading days, the British pound has been stuck in a 200 pip range against the U.S. dollar and a 115 pip range against the Euro. However the bottom of the range in both the GBP/USD and EUR/USD have been broken, leading currency traders to wonder if the larger range will be [...]
Unfortunately the forex market has not escape the impact of global deleveraging and the failure of Lehman Brothers in 2008. Central banks from around the world have released their semi-annual foreign exchange surveys and based upon all of the reports, forex trading volume decreased significantly between April 2008 and April 2009. Investors large [...]
Optimizing For Failure What do an electronic saw, a Paris metro ticket modern anesthetic equipment have in common? They are all designed for failure. The electric saw comes with something called a dead man switch which turns the saw off instantly the moment a grip lets go. The Paris metro ticket can be inserted into [...]
There has been alot of economic data from Canada this week. I have written about the loonie extensively in special reports on FX360. This afternoon I got the opportunity to express my views about the Canadian dollar and other commodity currencies on the Business News Network. Click on the image below to [...]
I haven’t blogged for a while and I apologize for that because I’ve been busy with FX360.com and preparing for the Las Vegas Forex Traders Expo at the end of the month.
However, this is a great image that I found in the NY Times. It shows which sectors have lost the most [...]