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Created: 11/21/2004 04:08:46 PM - Followers: 14 - Board type: Free - Posts Today: 0
WELCOME TO CURRENCY CENTRAL! $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$ This board was created to be used as a tool for currency traders. If you trade currencies, please feel free to post your buys and sells. As always, these posts will be recommendations and you are responsible for your own actions. I'll be updating the IBOX frequently.... $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$ From The foreign currency market (known as the FOREX) is the largest financial market in the world. Every day over $1.5 trillion dollars in currency are traded thru the spot foreign exchange market. Until recently, large international banks dominated this market only allowing access via telephone trading to a select few major corporations, large funds and high net worth individuals. This little known, underexposed, foreign exchange currency market can now be traded online and is available to the general public. Individual investors now have the opportunity to trade the largest, most liquid financial market in the world and have the financial edge that has been traded by major institutions for years. 2001 historical data reflects that a basket of major currencies has far outpaced the returns of the Dow Jones Industrial Average as well as 30-Year Bond Futures. In contrast to the world's stock markets, the foreign exchange market is not subject to the danger of corporate greed, accounting fraud and insider trading. The FOREX market is open 24 hours a day, 6 days a week and can be traded without paying any commissions. Similar to the stock exchange, when you trade the FOREX, you do pay the spread (the difference between the bid and the ask price) but that is it. There are no commissions to pay and you pay the spread only once, unlike the stock market where you pay it twice. $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$ Technical Analysis Here are some excellent resources if you want to sharpen your T/A skills..... 1. Technician's Guide to Day and Swing Trading - Martin Pring Comes with an interactive CD. 2. - They offer introductory courses. This is my broker. No complaints yet. 3. 4. $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$ Trading Strategies 1. If you are considering a position, check the daily chart. Are you trying to run with it or against it? In other words, try not to short something using 5 min charts if the LT trend is going up. That way, if you screw up in the 5 min chart (or similar), or you step away from your computer, you have a general trend to fall back on (i.e. 8 hour or daily trend). If you want to play it safe, run with the current trend. You are not a prophet, fortune teller, etc. Until you make money, the name plate on your desk is still Clarke Kent. 2. Don't get greedy. Hey, we all want to make money. Don't be an idiot and spoil your profits. Sell into strength going up. No need to think you're going to solve world hunger with one trade. 3. If you are thinking about trading currencies (or anything else for that matter, here's good advice from "disciple":
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#918 dollar question was for the following reason ... PennyStock Alert 09/16/2019 08:14:53 AM
#916 new board for the IRAQI DINAR... RJ Trotts 12/28/2006 05:00:56 PM
#915 FXCM that the one I use ph.212-897-7660 stocDawg 01/24/2006 10:20:13 PM
#914 I am new to Currency trading and am wasatch 01/23/2006 06:06:15 PM
#913 correction .. LMRI T/A 01/14/2006 02:23:09 PM
#912 so ur asking a stock question and not a LMRI T/A 01/14/2006 02:15:24 PM
#911 the dollar question was for the following reason ... dig space 01/14/2006 01:15:29 PM
#910 certainly no economist here but .. lot of $ LMRI T/A 01/13/2006 02:25:19 PM
#909 Direction of the Dollar, dig space 01/13/2006 01:57:12 PM
#908 ugh .. LMRI T/A 01/05/2006 01:15:38 PM
#907 stop out 2135 stocDawg 01/04/2006 01:22:11 PM
#906 just added more at 2061 3lots stocDawg 01/03/2006 09:13:44 PM
#905 add more at 1.2036 going short stocDawg 01/03/2006 07:28:01 PM
#904 going short eur/usd at 1.2028 stocDawg 01/03/2006 03:31:14 PM
#903 Iam back stocDawg 12/09/2005 05:27:48 PM
#902 afternoon, just found this board, hope you dont benn 09/08/2005 03:41:10 PM
#901 jon what do u think about eu daily ? LMRI T/A 07/30/2005 05:00:15 AM
#900 that took LMRI T/A 07/27/2005 10:35:48 PM
#899 eu/us long this time .. LMRI T/A 07/26/2005 01:25:47 PM
#898 only thing i can seem to rely on jon_e_og 07/26/2005 08:02:57 AM
#897 nice 38 pip LMRI T/A 07/26/2005 04:54:23 AM
#896 the more i see LMRI T/A 07/26/2005 04:19:10 AM
#895 typical fakeout on eu .. LMRI T/A 07/26/2005 04:14:53 AM
#894 USD/JPY making a comeback after getting smacked on jon_e_og 07/25/2005 12:18:04 AM
#893 well .. LMRI T/A 07/23/2005 02:44:32 AM
#892 eur/usd breaking out stocDawg 07/17/2005 08:18:02 PM
#891 went long on the eur/usd at 2038 stocDawg 07/17/2005 07:44:52 PM
#890 USD/JPY consolidating 11210 - 11235 under 11245/11250 resistance... jon_e_og 07/17/2005 05:49:54 PM
#889 good observation, would like to see the right jon_e_og 07/17/2005 01:34:43 PM
#888 does eu daily LMRI T/A 07/17/2005 01:58:14 AM
#887 a case in pt .. LMRI T/A 07/11/2005 02:10:08 PM
#886 ya man, i def feel that, im at jon_e_og 07/11/2005 01:48:51 PM
#885 gl jon .. LMRI T/A 07/11/2005 01:45:29 PM
#883 short eur/usd at in at 2009 stocDawg 07/11/2005 05:34:41 AM
#882 ugh...stopped out for -9 pips jon_e_og 07/11/2005 02:38:30 AM
#881 that big down candle on the 1 min jon_e_og 07/11/2005 01:51:56 AM
#880 SHORT EUR/USD 1.2005 w/ a really tight stop, jon_e_og 07/11/2005 01:51:04 AM
#879 In USD/CHF @ 1.2977 eom Wachovia_Man 07/10/2005 11:07:28 PM
#878 they look ok stocDawg 07/07/2005 06:46:25 PM
#877 QOILE/CYOS/ILCO how are the lights? eom OneVoice 07/07/2005 06:29:53 PM
#876 no but but I shorted the nzd/usd at stocDawg 07/07/2005 05:57:42 PM
#875 was anyone holding positions when the terrorism news jon_e_og 07/07/2005 04:25:12 PM
#874 up 13teen pips stocDawg 07/06/2005 08:24:57 PM
#873 going short the nzd/usd stocDawg 07/06/2005 04:56:28 PM
#872 considering a EUR/USD short ~ 11935/40 w. 11952 stop/loss jon_e_og 07/06/2005 01:10:52 AM
#871 AUD just took a beating, along with sterling jon_e_og 07/05/2005 02:42:08 AM
#870 thats it .. LMRI T/A 07/05/2005 02:35:11 AM
#869 [01:55 AM EDT 07/05] jon_e_og 07/05/2005 02:01:53 AM
#868 USD/JPY chart still looks strong in its upchannel, jon_e_og 07/05/2005 01:45:13 AM
#867 the same mornin star on daily .. LMRI T/A 07/05/2005 01:06:06 AM
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