Ajata

Re: 2009 Forex Summit - 10 of the Hottest Forex Experts

 

"10 of the Hottest Forex Experts" are they all playboy girls =))

here is an extract from a report that ive fond online, has it affected any of your trading?

 

Unfortunately the forex market has not escape the impact of global deleveraging and the failure of Lehman Brothers in 2008. Central banks from around the world have released their semi-annual foreign exchange surveys and based upon all of the reports, forex trading volume decreased significantly between April 2008 and April 2009. Investors large and small have reduced risk with carry trades unwound aggressively. The lack of participation may explain why the major currency pairs have been stuck in a range since the beginning of May. In New York for example, forex spot trading volume fell to the lowest level in more than 3 years.

 

London remains the most active forex trading center followed by NY and Tokyo. The EUR/USD is still the most actively traded currency pair by far.

 

Here are some stats (all of data is in billions of U.S. dollars):

 

 

- Britain is the world’s biggest FX trading hub with over a third of global turnover.

- Average daily turnover in forex products fell 20% since October 2008 to $1,356B, down 25% from April 2008

- Majority of decline was attributed to less activity in spot FX which fell 28%

- The most heavily traded currency pair was euro/dollar, which accounted for 32% of total turnover.

Re: [ASK] Futures opening strategies in Fx

 

The main reason is that i live in a time zone difference, it is hard for me to daytrade US futures.

Im trying to make a transition from futures markets to fx, how can we apply the first hour trading, opening gaps, volume conformation, to fx markets?

Re: Hedging is out

 

My worry, will non-us broker phase out hedging anytime soon.

 

i use fxcm and ive asked them this question when they offered moving us accounts to uk to enable hedging, according to them it will not happen any time soon.

Re: Help starting with Forex

 

Take your time and learn, figure out what it is all about and see if you can make money here, dont just jump in without proper knowledge and training or you will lose money, many have done it in past.

Re: Concept of portfolio - key for sucessful trading .

 

Some say that in stocks it is important to versify your portfolio, what about forex? Are there any good sample of forex portfolios? Could someone share their thoughts.

Re: When You First Entered The Forex World . . .

 

I've done some futures trading, however im new to forex, just reading now, planing to start demo in a few weeks. Fx is good because it has good trading times unlike the US future markets.

Re: Price Action, Naked trading only

 

I love naked trading..!!

 

Just to add some info, if you guys really wants to master this method, get the basics by reading these two books first:

 

1. The Candlestick Course -SteveNison

2. Japanese Candlestick Charting Techniques -SteveNison

 

I'm currently using John's 1-2-3 pattern, nickB method, rolereversal method and James16 pin bar.. :lol:

 

What about using trendlines and support/resistance lines, is it still considered naked?