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numbnuts replied Aug 6, 2013Economic Indicators for Dummies - Michael Griffiths WSJ Guide to the 50 Economic Indicators That Really Matter - Simon Constable & Robert Wright Currency Trading for Dummies - Brian Dolan Intermarket Analysis - John J. Murphy Currency Trading and ...
Need book recommendations for Macro analysis
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numbnuts replied Jul 29, 2013I've sent copies of my passport to a few brokers. Like muzza said, as long as your broker is regulated it shouldn't be a problem. Ask for their privacy policy if you aren't sure, but I think you are being overly paranoid.
Sending copy of passport to broker
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numbnuts replied Jul 22, 2013News releases often trigger a reversal, but to be sustained it needs to be either supported by a fundamental shift in investor sentiment or confirmed by swings in other markets. When I see USD change direction i look at equity indices, bond markets ...
How can you tell a continuation of a move?
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numbnuts commented Jul 19, 2013Still more educational than the FF forums.
The Sexiest Financial Journalists Alive!
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numbnuts replied Jul 14, 2013Just because groups like this usually fizzle out after a few months, doesn't mean they were not productive - people get what they need then move on.
Forming a Private think tank
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numbnuts replied Jul 13, 2013Harro I'm not sure how productive this could be, what could be gained in a private group setting that can't be gained by studying individually. problems I see: -people hear what they want to hear -people share what they want to share -everyone ...
Forming a Private think tank
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numbnuts commented Jul 10, 2013The risk on/risk off element is ALWAYS present in market action, but it's relevance in various markets constantly changes. At the moment the interest rates of the major economies are all within 3% of each other and barely move, so RO/RO is almost ...
Why You Should Become Familiar with “Risk-Off” Again
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numbnuts commented Jul 9, 2013Because Fox news is aimed at morons who wish to have their opinions spoonfed to them. All else being equal, the company who targets the largest demographic group will find the most success.
CNBC Viewership Collapse Continues; Cramer, Kudlow Audience At Record Lows
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numbnuts commented Jul 8, 2013Seems obvious, with long term US fundamentals improving, bond yields still low and gold making new lows - the money has to go somewhere. I don't see much of a connection between the SPX and trouble in Egypt though.
‘Path of Least Resistance’ for Stocks Still Higher
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numbnuts commented Jul 8, 2013China can modernize, stabilize and strengthen its economy all it likes - becoming the reserve currency is a matter of trust more than anything else. Even if the yuan gains all the characteristics of the US dollar it wont become the worlds reserve ...
Bundesbank Warns China's Currency "On Its Way To Becoming Global Reserve Currency"
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numbnuts replied Jul 8, 2013If you apply that much effort to any other pursuit, I think you will get the same result - and trading is much harder than most professions. If you are not willing to make some major sacrifices in order to succeed, perhaps a less demanding hobby is ...
Traded three years - Not profitable
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numbnuts replied Jul 8, 2013I meant 300% annually - if you double your account every 6 months, $1,000 turns into $4,000 in a year. 300% return. I know there are people who have turned ~$1k into millions in about 5 years, their annualized ROR isn't much higher than what you are ...
Here's the answer to "Can I make a living from forex"
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numbnuts replied Jul 6, 2013OK. I trade higher TFs and only take 1 -2 trades per week, so I spend 20 - 30 hours analyzing and planning each and every trade. I can see how my approach is irrelevant here. When you are comparing EUR/USD to GBP/USD though I think using the USD ...
Currency Correlation And How to Profit From The Forex Market
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numbnuts replied Jul 6, 2013The reason EUR/USD and GBP/USD are correlated is because the economic fortunes of Europe and Britain are intertwined with each other. Try superimposing one on the other, then comparing it to EUR/GBP. I didn't say you are wrong - I actually like your ...
Currency Correlation And How to Profit From The Forex Market
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numbnuts replied Jul 6, 2013Nice to see americas foreign aid dollars being put to good use.
Ouch! Trader carrying heavy losses
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numbnuts replied Jul 5, 2013To understand currency correlations, you need to think in terms of individual currencies rather than pairs of currencies. When something happens to drive up the value of a particular currency, it strengthens against all other currencies. When ...
Currency Correlation And How to Profit From The Forex Market
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numbnuts replied Jul 4, 2013Doubling a live account in 6 months is a 300% return - that's as good as I have heard it getting, don't bit off more than you can chew. Did you do a risk of ruin analysis? If you can consistently double an account every 6 months with acceptable risk ...
Here's the answer to "Can I make a living from forex"
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numbnuts replied Jul 1, 2013Very insightful and intelligent post - you obviously don't play in the front row.
Here's the answer to "Can I make a living from forex"
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numbnuts replied Jul 1, 2013Something I see happening more and more around here is people pointing to traders in other markets attempting to explain what does and doesn't work in forex. Post 205 is an example of this, trying to prove a point by showing us a successful FUTURES ...
Do you believe moving average systems work?
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numbnuts replied Jun 25, 2013Alchemy of finance, already mentioned Currency trading for dummies by Brian Dolan Intermarket Analysis by John Murphy Currency trading and intermarket analysis by Ashraf Laidi
Book recommendations: fundamentals, forex, and economics