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Source: Investica

Dollar confidence will remain weak in the short term and the inability to regain former support levels is a particularly worrying sign, but some limited correction is realistic.   

 

The dollar remained under pressure on Thursday and weakened to fresh record lows just beyond 1.4180 against the Euro with the trade-weighted index at new 15-year lows.

Read the full post of Investica - Housing Fears Undermine Dollar

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Another reason why liquidity of Forex gets better and better each day,

Sept. 25 (Bloomberg) — Foreign-exchange trading rose 65 percent to a record $3.2 trillion a day on average, led by growth in hedge funds and foreign investors, the Bank for International Settlements said in its triennial survey.

Read the full post of Currency Trades Soar To 3.2 Trillion A Day

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I’m not good at explaining stuffs, except I can only say, the more you practice, the better you get. And treat all demos as serious as how you would treat your own money. Here’s two trades triggered on my account. One from yesterday (USDJPY) and the other today (GBPJPY).

USDJPY +101 pips (still running)

GBPJPY +137 pips (still running)

Read the full post of Forex Trading Is Tough? You Just Really Need Practice

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DailyFX has been my daily fixtures for forex articles. I find this one particularly interesting.

What Will the Dow ‘September Effect’ Do to Carry Trades?

Before we go any further on commenting, let’s add a term to your trading knowledge on Carry Trade.

Definition of Carry Trade from Investopedia,

Read the full post of What is Carry Trade? US ‘September Effect’?

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Got this lifted off from Alan’s Online Money Making Opportunities. Maybe you could go there for some good reads from time to time. Interesting, yet.. shockingly true

Read the full post of A Trader’s Opinion on US Subprime Mortgage Situation

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Reading this off DailyFX weekly power tutorial that’s definitely worth the read and mentioning if you’re new.

Read the full post of The Difference Between a New Trader and a Professional Trader

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Thanks to paultag for sharing this entry on NN forex thread, pretty much describes how you feel and work through different stages as a trader, if you have the intention to be one.

Hello all,

I ran across this article when I first started trading FOREX. At the time I thought it was a good article but was sure I would learn from the mistakes of others and breeze through all 38 steps.

Read the full post of 38 Stages of A Successful Trader

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Found this on MoneyTec Forums and I’m sure everyone will agree that this is an excellent read. Serves its purpose as a reminder especially to newbies that embarking the route to trading isn’t easy and absolute diligence must be done before taking it.

Read the full post of Embarking on Forex? Just a Gentle Reminder

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Courtesy of Forexfactory, this is a really good read.

A large number of traders that I work with express the feeling that they are somehow sabotaging themselves: repeating the same mistakes day after day, giving back valuable profits in a fraction of the time it took to earn them. Their intuition is that there is some kind of pattern to what they’re doing; they’re repeating the same mistakes again and again. They realize that they’re not mentally ill and don’t have a history of out-of-control behavior, so they are understandably confused as to why they can’t stop shooting themselves in the foot.

Read the full post of A Self Help Crash Course for Trader

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