ForexSpirit

The market pundits seem to have correctly forecast the lack of volitility in the major currency pairs during the summer months. As the old adage goes, a broken clock is still right twice a day.
If the last two weeks are anything to go by, traders seem to be staying out at the Hamptons [...]

Seven deadly sins
Seven ways to win
Seven holy paths to hell
And your trip begins
Seven downward slopes
Seven bloodied hopes
Seven are your burning fires,
Seven your desires…
Moonchild - Iron Maiden
If you were to step back and evaluate your ability as a trader, how do you think you would fare? Would you consider yourself to be better or worse [...]

If any proof were needed that trading is not all excitement and non-stop action then last week in EUR-USD would certainly suffice. Up until the commencement of Friday’s New York session price had traded in a very narrow 65 pip range. Even the final weekly range of 94 pips is equal to the [...]

There’s an interesting article in this week’s Economist on what could be humanity’s earliest form of currency.
Researchers have found very old snail shells in various parts of Africa that seem to have been fashioned into beads. Very old, as in 82,000 years ago. The similarity in the beads in the disparate locations across [...]

I bit the bullet earlier this week. On Tuesday I closed out one of my Q3 trades for a loss and Wednesday saw me closing out the other Q3 entry.
These are my biggest loses for the year so far. I just didn’t feel comfortable holding them any longer. The medium term strength [...]