ForexSpirit

This week’s Economist has the falling dollar as its cover story. This can only mean one thing: the dollar is about to appreciate in value and we’ll see a nice correction against the euro rather soon.
Both the lead story and a more in-depth piece give a detailed look at the predicament that the [...]

The first two books in Jack Schwager’s Market Wizards series are often considered to be trading book classics. I read both soon after I first got interested in trading over five years ago. It has thus taken me a pretty long time to get around to reading the third instalment: Stock Market [...]

This morning I was reminded of another way of looking at my drawdown. Specifically, my unrealised losses drawdown which is drawdown that is comprised of trades that are still open and currently under water.
If you are going to take trading seriously then it is best to approach it like a real business. Your [...]

AUD-USD has yet to find a base during this recent carry trade unwind. As one of the highest of the high yielders the Aussie dollar is getting hit hard by the continued strengthening of the Japanese yen. The 0.8750 area is a potent support level which was penetrated during today’s London session. [...]

There certainly was a lot of indecision in the markets this week. This can easily be seen in the rangebound nature of most currency pairs from Wednesday onwards. Monday was the only real day with any defined trend and it followed the credit crunch script that had started to unfold on Friday: yen [...]