Archive for month: September, 2006

Forex fundamentals

21 September, 2006 (22:16) | Books, Journal, News Trading | By: Colin McGinley

Last weekend I purchased Tom Yeomans new ebook entitled ‘Fundamental Forex Boot Camp Papers’. It can be purchased from his website at http://fundamentalforex.com/. My initial feeling, after having read his blog and the first few chapters of the book, is that his approach to trading news releases compliments very nicely with the [...]

Patience rewarded

19 September, 2006 (22:18) | Journal | By: Colin McGinley

So Monday and early Tuesday movement saw some rewards for my continued patience. Euro strength returned for a short while and I reached the profit objective on my two most recent trade entries.
The dollar soon took over again and we found ourselves back at the 1.266 level when the US data (PPI and housing [...]

BWILC newsletter

19 September, 2006 (21:47) | Money Management | By: Colin McGinley

Dirk has started a newsletter service to focus on various forex related issues that he feels need demystifying.
His first newsletter is a very good explanation of the difference between your gearing in the market, and your brokers margin call requirements. Often times these two radically different things are dubbed leverage by the forex marketing [...]

Patience, patience, patience

16 September, 2006 (16:21) | Journal | By: Colin McGinley

September has been a pretty slow month so far with regards to active trading. This has been due to two main factors. The first is that I have been so busy at work that I have had very little free time to devote towards trading. Secondly, the dollar has been strengthening all [...]

Brokers advantage

16 September, 2006 (16:00) | Books, Brokers | By: Colin McGinley

Chapter 13 in Alexander Elder’s ‘Entries & Exits’ exemplifies the advantage that the large players in the forex market can have over the small retail trader. This chapter details some trades performed by Peter Tatarnikov who works for the largest forex broker in Russia. The broker’s name is not explicitly stated in the [...]