Getting Started into Foreign Exchange Trading

Forex, also known simply as the “FX,” is the commonly accepted abbreviation for the over-the-counter foreign exchange market. The forex market is the largest financial market on earth. Forex exists on a 24-hour-a-day global network that spans corporate, banking, and individual interests. There is no central trading floor. Currency is traded around the world and […]

Trading In Black And White Forex Trading Newsletter – 5/30/06

We'd like to start by wishing you a Happy Memorial Day. We hope you had a great extended weekend, we sure did. Between the barbecues and the boating and the sweets…well, life is good. Ok, so how has this month's trading been? Well, $firstname, I'm glad you asked. But, before we get to it, we […]

Trading In Black And White Forex Trading Newsletter – 5/17/06

Ok, we admit it, this is even a good trading week for us. A couple of weeks ago, when we made 700 pips we did it in a market that was incredibly volatile. There were 300 pip ranges throughout the week. This week, however, we have caught the entire range of Monday's trading, Netting us […]

A Look Back At Forex Trading – 4/3/06

Looking at Friday's trades reminds me of the importance of multiple technical indictors. When I was writing Friday's newsletter, I spoke of several indicators, which lead me to believe Cable was going down. Lets review: First we would like to decide if the up swing will continue or not, and looking at the 1 hour […]

Stock Trading – Avoid The Five Major Blunders

Anyone can loose money in the stock world. It makes no difference whether you are an amateur or a veteran. Stock gurus will tell you that losses occur owing to lack of knowledge of certain fundamentals of stock trading, poor discipline, and wrong decisions. Though trading is trader specific, there are a few generalized rules […]

Using Options Trading

A contract to buy using options' provides the buyer a right but not an obligation to either buy or sell a pre-specified quantity of a given asset. This is set at a specific price before hand on or before a predetermined date. Different than future trading, the options' purchaser has no obligation to either buy […]

Trading In Black And White Forex Trading Newsletter – 5/24/06

Alright, another night's trading has gone by and now we have a potential trade setup. First, though, let's go over last night. In case you have forgotten, we sat on the sidelines last night, so for us there was no trade. Now, to give credit where credit is due. For the traders who did go […]

A Look Back At Forex Trading – 4/27/06

Cable continues trading in a tight range from1.7935 to 1.7800. We will continue to play these levels for support and resistance, until on of them is broken with a strong move. With the current situation, and the knee jerk reactions we are seeing, you should stay out of the way when news is being released. […]

A Look Back At Forex Trading – 4/04/06

Last night is what we call a good no trade night. Remember taking no trade is taking a position, and often the safest position. We had several good reasons to take a short position around 1.7360. Unfortunately the market just dropped, all night, never taking the bounce up we look for our entry. In the […]

Trading In Black And White Forex Trading Newsletter – 4/17/06

Cable continues it's range trading, as we approach what should be the ceiling, and if the pattern holds, we should start yet another march down towards 1.7230. Keeping in mind that the last trip down stalled and reversed at around 1.7375. This range has been in place for months, and until we break 1.7650 on […]