It’s pretty bad. I’m glad that in our world of forex trading, stocks just aren’t welcomed! In fact, I have been in favor of alternative investments instead of stocks and the economically-sensitive real estate sector for years. Since my post, “Stock Market Trades Below Key Support Level,” the Dow has fallen further. Just look at […]
Stock Market Trades Below Key Support Level
Posted by on March 3, 2009 at 12:08 am
The hits just keep on coming as the Dow Jones Industrial Average (Dow), the most popular US stock market index, closed below the 50%-retracement level. Traders familiar with technical analysis know that when the price of anything falls 50% from a peak, it tends to be “supported” from falling further – but if this level […]
FX Day Trading Brokers and Account Protection
Posted by on December 15, 2008 at 11:04 pm
During today’s global banking crisis, more and more day traders are worried about the safety of their funds if their forex broker goes under. In the United States, the NFA (National Futures Association) does not protect against insolvency of forex brokers. Nevertheless, I believe that FX (foreign exchange) remains one of the best asset classes […]
“Day Traders Selling Short will be Shot on Sight,” says the SEC
Posted by on September 19, 2008 at 10:59 pm
Day traders; this may sound a bit dramatic, but at the rate the SEC is going with the regulation of short sellers, this might become the next headline! In my blog post yesterday, “SEC Adopts New Short-selling Rules,” I commented on the SEC’s latest move to regulate naked short-selling. Even though I agree on restricting […]
SEC Adopts New Short-selling Rules
Posted by on September 18, 2008 at 12:15 am
“The SEC [Securities and Exchange Commission] adopts rules against naked short-selling,” writes Marcy Gordon of The Associated Press. I laughed my assets off when I read this headline just a few hours ago. This is why I love forex (or foreign exchange) for day trading so much better than stocks. I’m not saying that naked […]
New Forex Trading System – Strategy Runner Tests
Posted by on April 1, 2007 at 10:46 pm
Our live tests on the Strategy Runner forex trading platform have been prolonged. The problem is that Strategy Runner employs a very cumbersome way to enter the market. When we started our tests, we didn’t think this would matter, but it does – especially when trading right after economic reports and news releases. Forex scalping […]
Day Trading News – Currencies or Stocks?
Posted by on March 18, 2007 at 9:28 am
In Day Trading the News, I discussed the popular news day trading strategy as it applies to forex (foreign exchange) online trading. Trading the news does not just apply to currencies though. Many traders day trade during economic or news releases using stocks too, even though I like currencies better for this. Why do I […]
Day Trading the News
Posted by on March 16, 2007 at 2:56 pm
Day trading the news or “news trading” usually refers to the popular practice in the forex market of day trading online a specific currency after the release of an economic report or statistic. Each potentially market-moving report is released at a specific date and time every month – and there’s a consensus estimate for each […]
Forex Day Trading Tests with Strategy Runner Successful
Posted by on March 14, 2007 at 4:18 pm
Our Forex day trading system might have a new home soon. Today is the second day that we have been testing the Strategy Runner day trading system with Currenex. The executions have been pretty fast so far, even though the Forex market hasn’t provided us with the quick trading opportunities we like. Tommorrow’s PPI (Producer […]
Forex Robot hits the Road – Trades Credited
Posted by on March 5, 2007 at 12:16 pm
This day trading business is definitely an exciting one! Maybe we should release an action/adventure motion picture in the near future! Hollywood, here we come! It’s a hat-trick. We have experienced three back-to-back days of unacceptable delayed executions on MT4, resulting in losses. The good news is that FXLQ credited all three of these losses […]
