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 [...]
Not so secret diary of a forex trading noob
All about the mistakes a forex noob can make… or will make… in forex trading
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FXSTREET- Blessed are the weak (currencies)With interest rate differentials across the major developed regions wiped out by the simultaneous adoption of ZIRP, the major crosses are moving in sympathy with the need to reduce global imbalances—even while swings in risk appetite remain the key driver of the USD crosses. And weak currencies have the implicit blessing of the respective policymakers, and o […]
- Blessed are the weak (currencies)
- OANDA Forex Blog
- Obama Dollar to ‘Devalue the Way to Prosperity’!Contrarian long USD positions remain costly. Forget the Japanese housewife, it’s the Brown’s, Smiths, Jones etc who have been piling into a global carry trade, similar to Japans’ lost years, using the USD as a vehicle currency. It will end in tears. Is the Obama’s administration policy one of quiet, steady dollar devaluation? A weaker domestic currency gives […]
- Obama Dollar to ‘Devalue the Way to Prosperity’!
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