Currency Convert

SXFX Index

Forex Trading 101

The Weekend Edition
Mon, 06 Feb 2012 09:28:11 GMT

As this great week of trading comes to a close, John O’Donnell and Merlin Rothfeld break down some of the key issues facing the markets. The big focus right now is on unemployment numbers and they just keep getting twisted! John and Merlin have some fun with the unemployment rate before diving in to a list of factors which tell us that Europe is in pretty bad shape and headed into a depression. More importantly, how can we make money if that happens! Click on the image below to download the

How To Bounce Back After Getting Hit By a Bus
Mon, 06 Feb 2012 08:48:21 GMT

“Everybody having fun yet?” I tweeted the other day. “Between Wen and Junker its like shades of 2008 $EURUSD”. This past Thursday the euro managed to spike to within a few pips of 1.3200 only to drop like a stone a few minutes later crashing though 1.3100 on some negative comments regarding the never ending Greek restructuring talks. For traders caught in the middle of this price action the volatility felt a bit like being hit by a city bus. If you were unfortunate enough to chase both the

'It is still premature for China to become the first power' - Lan Yee Chan
Fri, 03 Feb 2012 11:04:36 GMT

“The development of this market far exceeds my imagination” says Lan Yee Chan, who joined the ranks of FX traders in the 1970s, shortly after the abolition of the gold standard. She thus has a long experience in Foreign exchange which, she says, is “a young profession still shaping and self-perfecting.” The VP and Chief Dealer of Union Bank thinks “retail traders with access to the Internet are gaining additional traction” these days and with the disappearance of old-fashioned means of

The Foundations for Retirement
Fri, 03 Feb 2012 08:16:22 GMT

Many investors know very little about their investments, and even less about the plan they are invested in. Merlin is joined by Tillie Allison to discuss the various account types and what they mean to you as an investor and Tax payer! The duo walk through a variety of account types highlighting the pro’s and con’s with each. Later in the show Tillie stresses the importance of actively managing your account once you pick the right plan. Just sitting on your hands and investing is worse than

Volatility opportunities with FX
Wed, 01 Feb 2012 15:43:49 GMT

This article is taken from the YourTradingEdge magazine (NOV/DEC 2011 issue). Tim Waterer is a senior FX Dealer working at CMC Markets based in Sydney. Tim has over 10 years’ experience in financial markets. He commenced his financial markets career with four years in stockbroking before joining CMC Markets in 2004. Tim Waterer on the growing attraction of FX trading. It is hard to believe that twenty years ago the currency market was virtually the sole domain of ‘the big end of town’,

Automation, Diversification, and the 'wrong way' approach to the forex market
Wed, 01 Feb 2012 15:53:52 GMT

This article, written by Winsor Hoang , is taken from the FX Trader Magazine (JAN/MAR 2012 issue). 94% of New Year’s resolutions made fail. 95% of Forex traders lose money. Could there be a connection here? I believe that the answer is ‘yes’, and can be found in basic human nature. If 95% of individuals trading in the Forex market lose money, how do the remaining 5% make money? The answer is simple. They employ diversification, a consistent trading approach, and proven, successful

PinPoint Profits With Gaps
Fri, 03 Feb 2012 09:04:22 GMT

This article, written by Troy Peterson , is taken from SFO (JANUARY 2012 issue). A stock that gaps in pre-market action can be a hint of potentially greater price movement throughout the trading day and sometimes results in some of the biggest percentage movers on the exchange at the final bell. A stock typically gaps because of a news release that traders are responding to in a negative or positive way. The only indicator I use in day trading gaps is prior price action. Prior price action

Walk Down Memory Lane
Wed, 01 Feb 2012 09:02:47 GMT

Always trying to learn more about the markets, Merlin brings on guest is 3rd generation trader, Bill Henner . Bill takes back to the days of his great grandfather who was a broker on the floor of the CBOT back in the 60’s, and progresses though his father’s trading experiences, before finally sharing his own trading background. Bill is armed with some tasty pictures to really drive home the point! Bill even has a beauty of himself the week of the big 87 crash! Christmas carols anyone!?!? Later

Tips on Finding the Value of Your Real Estate
Wed, 01 Feb 2012 06:58:16 GMT

How would you find out the answer to that question? Most of you would ask a real estate professional, and I agree. But think about it, your real estate could be one of your biggest assets. Don't you think you should know what goes into valuing that asset? Some of the questions you need to ask are: 1. What data was used to make this evaluation? 2. How does my property compare to the average in the neighborhood? 3. What are the property's strong points? 4. What are the improvements that could be

Reprogramming Yourself for Better Trades
Wed, 01 Feb 2012 06:50:38 GMT

It had happened before, actually many times before. Jim looked on with a feeling that swung like a pendulum between helplessness and anger. He felt helpless because he had violated his rule despite the fact that he had so often said that he wouldn't. He felt angry because he had let himself down. What happened is that he had moved his stop. He had moved it four times in this trade to be exact and the price action had still moved against him. To make matters worse, what would have been a small