Recently I had a buddy of mine called me wanted my view on a situation that he found himself in. He was experiencing a typical trading dilemma for someone who trades in multiple financial markets. He had two positions on where one was in the profit a massive amount, while the other one was in …
I recently had a chat with a beginning trader who had just entered the forex trading world, had opened up an account and was eager to place their first trade. He was interested in what I was trading, what positions I had on, etc. I then went into my global macro analysis of the situation. …
The forex market is truly unique. It operates a 24 hours a day for 5.5 days per week. It is open on Sundays as well because the Tokyo and Sydney markets are starting their week. It is decentralized as there are many different mini exchanges where forex transactions can occur. The forex spot transaction can …
Here are some random order flow questions that I have received privately. I might as well make the answers available to the public. Names have been omitted. First Order Flow Question: Grkfx answers: Weekly Refinancing Operations The weekly refinancing operations are a sort of repurchasing agreement. Let’s say a bank wants or needs cash. They can …
All beginning order flow traders love exotic options. They are a great tool to add to anyone’s trading arsenal no matter what type of trading system you may have. But, there are some people who believe that exotic option barriers are a relatively new occurrence. I have found some very interesting forum posts from Moneytec where some …
Warren Buffett once said “beware the geeks bearing formulas.” Now, he is not the best forex trader but this particular quote can apply to forex trading, and in many other markets as well. Now when Warren Buffett was saying it, he was referring to the derivatives weapons of mass destruction. But in forex trading, especially …
Should you specialize in a certain forex trading strategy or methodology? All sorts of potential trading strategies and methodologies that you can specialize in. There is fundamental analysis, technical analysis, quantitative analysis, programming forex robots. There is also order flow analysis. Sub Specialties And within each field there can be sub specialties. For example …
An interesting New York Times article released a few years ago describing the Japanese housewives who moonlight as currency traders. Back a few years ago when the carry trade was in full swing there were many people in Japan and other countries playing the carry trade and making some decent money at it. They were …
I get tired of hearing many investors, or traders keep talking about the “noise” in the market. They conveniently like to keep claiming that the market is moving just based on “noise”. They like to use it as an excuse for their own poor market timing. I hear this especially from stock investors, when they buy a …
Bill Lipschutz was a highly successful forex trader who was interviewed for the “New Market Wizards” book. He was nicknamed “The Sultan of Currencies.” If you don’t have the book yet, don’t worry as the interview from the book has been posted on Bill Lipschutz’s website. He currently runs Hathersage Capital Management. You can find the interview …