Forex Scams

One of the reasons why many people relate forex trading to scams is because there really are many scams in this industry ready to steal all the money from unsuspected forex newbies. The other day a friend of mine pointed out a site to me where it basically stole the template from the OANDA forex [...]

Forex Brokers Are Bucket Shops?

I’m not a big fan of Twitter but occasionally I would check out what’s new in the tiny forex trading world on Twitter.  With the never ending debate and accusation of forex brokers trading against their clients, I found an interesting tweet by Neil321 that referenced a FXCM job posting on linkedin.  One of the [...]

Are you bull on gold?

Seems like the consensus out there is that gold will be going up in the near future, with China buying more gold and the US printing more paper dollar to absorb the debts.

OANDA Expands Into Asia

A friend from Singapore has recently told me about Oanda’s expansion into the Asia Pacific region with the newly launched forex site/page.
As promotion, they are giving away 30 seats to the Euromoney SEA FX Forum on February 27th where OANDA’s founder and chairman Richard Olsen is amongst many speakers in the event.

Will Cash Pulled From Stock Market Go To Forex Market?

Sorry for the lack of posts lately.  Personal projects, family matters, friends, stuff…
I’ve had a few interesting discussions with my friends who many of them work in the financial industry.  Many of them have commented that there has been tons of money being pulled out from the portfolios and placed into low income but more [...]

Volatile Interest Rates Week Ahead

The upcoming week will see no less than five central banks disclosing interest rates decision. Along with other major economic statistics released, this week is huge to the forex market. The European Central Bank (ECB) is believed to keep the interest rate unchanged at 4.25 percent this Thursday. Same expectation for the [...]

OANDA’s One click trading

Yesterday OANDA has gone live with some newly added features on its forex trading platform, which some traders experienced problems with the platform and thought was a hasty move on OANDA’s part. I agree, that OANDA should have better communication with the clients regarding updates.
Nevertheless, the new features were a great addition to the [...]

Forex Brokers Ad Spent

So I’ve hearing that the online advertising spent is shrinking as a result of the latest minor recession. yet, I’ve been seeing more and more forex ads everywhere, maybe it’s because of my browsing history got cached by the major ad networks, but the increasing number of forex ads I see is no mistake.
Driven [...]

Forex trading on news is not for newbies

Another newbie mistake that often came back to bite the trader in the ass is trading (speculating) on news. Yes, every person on this planet could pretty much guess that the news of a major financial decision or release of some economic data could fluctuate the market quite a lot, but does every single [...]

Participate in forex forums and message boards

Yes, like the title suggests, you should learn and communicate with other forex traders on the popular forums. Not that you would take all their advices at face value, but it’s always good to exchange information with other traders. Some higher traffic forums that I like include forexfactory, babypips, and the oanda forex [...]