ForexSpirit

One of my more widely read posts way back in early 2007 dealt with correlations amongst forex pairs. This spark of interest was generally tied to the rise of FreedomRocks, a money-making bonanza that was as much forex trading as it was multi-level marketing.

I guess I must still be in their e-mail database somewhere as I received a note this week about the first edition of Freedom Focus, their new quarterly newsletter.

12 pages that seems to be solely dedicated to the marketing side of the business.

On one hand I’m slightly impressed that they’re even still around.

On the other, I don’t even want to think what the intervention in EUR/CHF by the Swiss National Bank on March 12th did to people’s trading accounts. The massive buying in EUR/CHF today by the Bank of International Settlement (on what looks to be the SNB’s behalf) shows that large, rapid moves are not that rare, especially in these still volatile times.

The basic FreedomRocks trading system meant that you ended up with a synthetic EUR/CHF position.