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February, 2009

How & Where to Set up a Free “Practice” Currency Trading Account.

Submitted by Sean Hyman on Sat, 02/28/2009 - 11:19
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 You know, one thing that I love about the currency market, is that you can do “test runs” in forex trading. In fact, you can trade in real time, before you ever risk one red cent in the currency market.

When I started out as a stock trader, I only had simulators to help me learn to trade. They couldn’t offer me real live quotes and charts to demo trade from. Yet, when I came over into the currency market, I was shocked to see that I could learn to trade off of a LIVE quote feed and LIVE charts…no delays, no simulations but the REAL thing!

This is exciting because it exactly replicates the real, live trading environment.

So where can you find one of these demo currency trading platforms anyway? Well, here’s the trading platform that I suggest.

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How I called the Rally on the USD/JPY Currency Pair!

Submitted by Sean Hyman on Fri, 02/27/2009 - 11:29
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As a currency trader and investor, I find that it’s good to let people “crawl into my mind” so that they can learn how I think and the reasons why I pick the currency pairs that I do.

We all have good trades and bad trades. However, pros have a “method behind the madness” that keeps them a float and profitable overall through the years.

I find that it’s good to mix a fundamental and technical perspective. Fundamentals are good about answering the question of “what” to trade and even “why” to trade it, but it falls short on “when” to trade it. This is where technical analysis shines.

By the way, we teach both methods in our $25 currency trading course. Our live instructors can get you ramped up to speed literally in just 8-10 days in an online classroom (and in your spare time).

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A “Much Needed” Lesson in Leverage

Submitted by Bob OBrien on Thu, 02/26/2009 - 11:37
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If there was ever time to make absolutely certain that you understand financial leverage, this is the time! The root cause of this economic crisis is due to too much financial leverage! The last economic crisis that led to the great depression was due to too much financial leverage.

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See What Stocks Are Prospering In these Sluggish Times!

Submitted by Sean Hyman on Wed, 02/25/2009 - 12:44
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Obama & Bernanke Say the Recovery Will Be Slow, yet That is Good for These Stocks!

 

It’s no secret that credit is tight right now and loans are hard to come by. It’s also no secret that car sales are diving off across the board. In fact, it’s been no respecter of persons. It’s punished Detroit as well as the Japanese auto makers a like.

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Be Open Minded to Market Timing

Submitted by Bob OBrien on Tue, 02/24/2009 - 14:42
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As the Dow Jones approaches, the 6000’s, I cannot help but think of one of the great lies behind this financial mess that was sold to the general public.   The fact that most so called personal finance experts have told people that “they have to be perfect when they time the market!”   Therefore they shouldn’t even think about it and even thinking about would be a living a hell! 

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120 Billion Reasons to Sell the Yen!

Submitted by Sean Hyman on Mon, 02/23/2009 - 10:47
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This past year, one of the few financial instruments in the world was headed to the moon. Which one was that? The yen!

Yeah, the carry trade unwound which caused money to flow away from high yielding currencies and back into low yielding currencies like the yen.

Investors became risk adverse with their money. They poured it into things that had been beaten down for years because it seemed to be a safe place to run to. Thus the yen was a huge beneficiary during this ultimate “fear factor”.

However, recently I started talking to you about a possible turn coming in the yen and that the yen party was about to come to an end soon.

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Ponzi Schemes and Steroids! These are the Days of our Lives!

Submitted by Bob OBrien on Fri, 02/20/2009 - 12:08
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With another “mini” ponzi scheme popping up in the news lately and all the talk about steroids, I could not help but notice the similarities between the two. Two great American past times, Wall Street and Baseball have been pumped up for too long and are now bursting before our very eyes.  

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U.S. Dollar Forecast for 2009

Submitted by Sean Hyman on Thu, 02/19/2009 - 09:56
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Lately, I’ve been asked a lot about where I see the U.S. dollar going in 2009. So let address this for a moment.

Specifically, I think the dollar will gain against the Japanese yen (USD/JPY pair will rise) throughout 2009.

While formerly, the yen and dollar rose as the Dow crashed, you will notice that the yen is backing off quite a bit even as the Dow sits on its lows as of this writing. Yet the dollar still rises as the Dow falls.

See the chart below.

 

Yen rally plays out but the dollar strengthens even still! 

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Even More Commonly Missed Deductions!

Submitted by Bob OBrien on Wed, 02/18/2009 - 13:16
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Missing just one or two deductions can cost you a couple of hundred bucks in some cases, and even people that are pretty well organized, and know the tax system pretty well still miss a couple of deductions every year.

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Why the Air is Getting let Out of the Euro!

Submitted by Sean Hyman on Tue, 02/17/2009 - 12:03
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If you want to see recent volatility in action, then you need to look no further than the euro (EUR/USD spot FX currency pair). This thing has been all over the map lately.

Check out the chart below.

 

Welcome to the euro rollercoaster!

Also, Check out our daily video atwww.mywealth.com/blog.

 

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