ForexSpirit

The main focal points on the economic calendar this week were the interest rate decisions from the Reserve Bank of Australia, the Bank of England and the European Central Bank. The RBA was the only one to make a rate change bumping it up the expected 25 basis points to 6.75%. The [...]

If anything can be described as the Holy Grail of trading and investment then following a low risk method that generates high returns is surely it.
For Mohnish Pabrai, the author of The Dhandho Investor, value investing is that method. I read this book on the recommendation of a colleague who was just getting started [...]

For the past few weeks I have been busily beavering away on some trading homework tasks directly related to my mentoring relationship with Dirk du Toit.
I have been working on three documents. The first of these documents is my trading plan which I wrote again from scratch. Dirk provides a very nice trading [...]

For the past week I’ve been working on putting together a comprehensive record of all my trades. I did something similar at the end of 2006 as a way to review my trading that year.
This time around I’m looking to keep the record up to date on a much more regular basis. I [...]

The month of October ended with market razzmatazz that only a Fed interest rate decision can produce. Bernanke and crew dipped into their trick or treat pumpkin and handed the market a nice sweet, but not too sweet, 25 basis point reduction.
The euro didn’t quite know how to deal with the announcement at first. [...]