FOREX-Fading prospects for deeper Fed rate cut lift dollar Reuters - Jan 25, 2008 By Lucia Mutikani NEW YORK, Jan 25 (Reuters) - The dollar rose on Friday as investors scaled back bets for another aggressive Federal Reserve interest rate …
Zimbabwe: Econet Approaches Govt for Forex AllAfrica.com, Washington - Jan 25, 2008 ECONET is currently awaiting response from government for its request for foreign currency to purchase equipment to be used for spying as mandated under the …
Forex: Focus On The Underlying Trend Elliott Wave, GA - Jan 24, 2008 Jim nails on the head the main problem with fundamental analysis of forex markets: When you focus on events that may – or may not – drive prices, …
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A leIn yesterday’s lesson we talked about the martingale and anti martingale methods of trading which are the two categories which position sizing methodologies fall into. In today’s lesson we are going to talk about one of the most basic anti martingale strategies, which is discussed in Dr. Van K. Tharp’s book Trade Your Way to Financial Freedom, the Percent Risk Model.
The first step in determining your position size using this method is to decide how much you are going to risk on each trade in terms of a percentage of your trading capital. As we have discussed in our previous lessons on setting stop losses, studies have proven that over the long term traders who risk more than 2% of their capital on any one trade normally are not successful over the long term. Another factor to consider here when setting this percentage are things such as the win rate (how many winning trades) your system is expected to have versus the number of losing trades as well as other components which we will discuss in future lessons.
Once this loss in percentage terms has been determined, setting your stop then becomes a function of knowing how large a position can be traded while still being below your maximum risk level.
Forex TV - FXDD’s Michalowski weighs in on EUR/USD hitting session highs above $1.4750. Near-term forecast for EUR/USD, EUR/GBP, USD/JPY and the JPY crosses.
Inflation Rises in Japan, Cools in Canada Yen Gains in Late Friday Trading
The Euro and Canadian Dollar saw weekly gains on the greenback, while the Yen’s strong start in the beginning of the week did not last. As equity markets around the globe recovered from a steep sell off on Monday, as risk appetite came back to the forex markets.
Carry Trade Regains its Footing, Dollar Falls vs. Euro, Pound, Loonie
The Yen gave back some of its earlier gains, as equity markets recovered yesterday and into today’s trading. The Pound fared well today, while the Dollar lost ground as traders digest the 75 basis point cut.