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Forex Trading 101

Morons Increase Margin
Fri, 27 Jan 2012 16:10:27 GMT

An interesting thing happened to my experimental account lately. You remember - the one I blow up every few months or so. Over the past few months that account has not just survived, but has actually thrived performing better than even some of my “real” money accounts. Last week I wrote that the one key change I made to my trading was to never, ever, ever, ever, ever, ever, ever, ever add to a losing position. That’s certainly been the key to my success over the past few months. But I also

Diving Into the Listener Mailbag!
Fri, 27 Jan 2012 14:42:29 GMT

So many questions poured in over the last couple days, we had to forgo the usual guest and get down to answering all your questions! Merlin tackles a wide variety of questions including: What to do with Jim Cramers JNJ pick, How the low fed rates are going to hurt the Banking sector, correlation between S&P and Dollar Index, current trend of Oil and much more! Click on the image below to download the mp3 file:

Michael Greenberg, FX Person of the Year 2011
Fri, 27 Jan 2012 12:06:21 GMT

Michael Greenberg has been named “Forex Person of the Year” by FXstreet.com for his impressive, original and respected work with Forex Magnates and for making the industry more professional, more comprehensible and  in the end... better. His work in 2011 has been particularly remarkable, converting the site as the site of reference for Forex Industry news with a 60% growth in visits from previous year and launching the successful Quarterly Report. Forex Magnates consists of several

What is the ISM Manufacturing Survey?
Fri, 27 Jan 2012 08:42:37 GMT

The ISM Manufacturing Survey is based on comments from purchasing managers in the manufacturing sector. It’s the first piece of news on the economy every month and provides the earliest clues of how the economy has fared during the previous four weeks. Why is it considered important? People in charge of buying stuff for their company are called purchasing managers. Manufacturing companies need supplies to make products. A sample of items they might order includes cables, packing boxes, and

8 Questions You Should Ask Yourself before Going Live
Fri, 27 Jan 2012 08:34:08 GMT

Meet Ralph. He's fiddled with demo trading for two weeks and decided that it's time to put real money on the line. After setting up his very own live account with a broker, Ralph opens the platform right away to input his very first trade. "It can't be that difficult. All I have to do is find a trade setup, click a few buttons here and there, and I'll raking in the dough! I can picture myself now living the life of a superstar Forex trader: making piles of cash and cruising down Sunset

Return of the Fibonacci King!
Thu, 26 Jan 2012 15:20:43 GMT

Many use Fibonacci as a tool to help refine entries, set target levels and anticipate price direction. Jeff Manson has taken all of that to a whole new level with his unique, systematic approach to this popular trading tool. Jeff shares with us his recent live trading tour and specifically the trading done today on the YM, with which he had 6 winners in 6 trades. Later, Jeff talks about how he uses Fair Value to plan out his trades each day. Click on the image below to download the mp3 file:

Currency Market Update From Singapore
Wed, 25 Jan 2012 16:01:29 GMT

After blowout earnings, AAPL rockets in the post-market session, sending the major indexes higher. Merlin talks about the unusual afterhours halt that hit Apple, and shows its impacts on the share price. Bert Antonik , calls in from Singapore, where he has been living for the past 2+ years as an instructor for Online Trading Academy. He walks us through how the South East Asian city is doing in these tough financial times, and offers some insight into how they perceive the US markets. Later,

Natural Gas – Wealth Builder or Widow Maker?
Wed, 25 Jan 2012 06:01:25 GMT

Occasionally, a Commodity offers prices to investors at a deep discount. Many times, there is a reason for a market to be cheaply priced, and we would do well to keep shorting that market. We have all seen a stock that was trading for $80 per share and weeks later, see it trading for $15. Our first thought is this is a bargain because the price has dropped so much. Many brokers call their clients that were put in the stock at $80 and tell them, "If we liked it at $80, then we have to love it

Compromises
Wed, 25 Jan 2012 06:04:16 GMT

In this article, I will compare two trades; one mine, and one from a trader who shared his trade with me asking for my take on it. The trades were very similar in a sense that the underlying products were optionable and they both had weekly options listed. They also both had individual strike prices with very little or no open interest and volume. Should we even be considering trades on options like these that have such low liquidity? Weekly WMB trade January 2012 Week A The first trade was on

New and Existing Legislation that Helps and Hurts Housing
Wed, 25 Jan 2012 05:53:48 GMT

Washington, DC and its policy makers can make any business person crazy. In the last couple of months, there have been actions taken that will help investors, hurt new home buyers and help existing home buyers. We'll start with some positive news for investors. The FHA will continue to waive the Anti-Flipping Rule through the end of 2012. What does this mean? Up until February of 2010, the FHA wouldn't insure a loan made on a property that wasn't "seasoned." Seasoned means holding an asset