ForexSpirit

Last week saw a large number of data releases, the majority of which were dollar bearish. So why then did the euro end up weaker on Friday’s close then it had on Sunday’s opening?
I don’t think there’s any easy answer to that question. What can be deduced is the dollar is far [...]

How often do you evaluate how well you are doing at becoming a better trader?
It’s probably not a question that most of us would even think of asking ourselves. Yet the benefits of asking and answering this question can accelerate us along on our journey to becoming who we want to become.
Being critical of [...]

There used to be a time when I was as fascinated with technical indicators as I’m sure most newbies to the trading world are even today.
I would chop and change the indicators on my charts. Wildly trying to find a combination that would give me an edge, or even some confidence or, hope beyond [...]

The big news yesterday in the currency markets was that China is looking at diversifying its currency reserves. It wasn’t exactly new news and no additional details were provided about what sort of diversification will take place, but the announcement came at the ECB Central Banking Conference in Frankfurt being held this week and [...]

One of the very first statistics that most people come across as they start out on their trading adventure is that 95% of traders lose money. I’m sure that each and every one of those people thought to themselves, “I’m going to be one of the winning 5%”. I know I certainly did.
Another [...]