ForexSpirit

It’s certainly been an interesting time in the markets for the past two weeks. If you’ve been following the financial news headlines then I probably don’t need to reiterate all the gory details. If you aren’t aware of what’s going on and you consider yourself to be a forex trader you might want to check out Bloomberg or pick up a copy of the Wall Street Journal.

It certainly looks like the subprime fiasco has come home to roost in the US and the carry trade bonanza is getting the rude, sharp shock that was all but certain to happen. To get an inkling of how panicked all the people on Wall Street are during this market correction, just check out Jim Cramer’s meltdown from two weeks ago. I sort of imagine the current state of people on Wall Street as analogous to a whole bunch of chickens tearing around the chicken coop, banging into walls, with no idea what they’re doing or where they’re going. Or maybe it’s just my overactive imagination

I am still waiting for my funds to hit my new account. With the money in transit I have been able to sit back and just watch the market turmoil from the sidelines. It’s a pity that I wasn’t able to long the yen on its meteoric rise over the past few days, especially given the length of time many have waited for the yen to show at least some signs of life.

I’m sure there will be plenty of opportunities for getting back into the market once I’m up and running with forex.com.

Until then I just get to exercise my patience…