Back by popular demand! Currensee and SpotEuro have partnered up to provide real-time analysis and commentary during the release of this very important economic indicator. Don’t miss out on a great opportunity to learn how to trade this economic report and ask questions while the market is moving! Webinar starts tomorrow at 8AM EST. Register here.
EUR/USD will be emphasized
Learn how to trade during news events.
See how technical analysis is applied to live market charts.
Support and Resistance levels will be determined before the release
Ask questions while the market is moving.
Register here.
About SpotEuro:
SpotEuro Forex Trading Signals was …Continue Reading
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You know it, and you know it well – the spam email. These get-rich-quick emails offer all sorts of bizarre ideas, from Forex robots to vacation timeshares to [insert useless product here]. Typically, these “investment opportunities” have a few things in common:
No one has ever thought of this idea before. This random guy from Wheresthat, USA is really onto something.
These forward thinkers come from real innovation hubs where new, great ideas are born, like Winner, South Dakota.
The product in …Continue Reading
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One of the questions that just about every trader asks, either in their own head or out loud in some fashion, is what books they should read. That’s why I included the question in New Trader FAQs (available in the Currensee Marketplace).
There are, of course, probably as many lists of “the best trading books” as there are traders. We all have different perspectives on things and read certain books at different points in our development. That leads to a variety of views on which ones are the best. All I can do is provide for you the ones that I …Continue Reading
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This week looked absolutely miserable outside Currensee World HQ in Boston. And depending on which piece of news or commentary we were reading that day, the economic climate wasn’t looking much better. It seemed like every article I read heeded a warning about the doomed Euro or a tanking USD. As much as I like to dwell in my own self-loathing over my downright pathetic Forex account, sometimes enough is enough. Which made me realize, as traders (and people in general), when we’re in a particular mood or funk we seek news and information that mirrors our tone – …Continue Reading
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In this day and age, rewards programs are all over the place. For instance, one of my credit cards offers points for purchases, sounds good right? Wrong. I can only use those points to buy overpriced off-brand items in the credit card company’s special “store.” Another credit card offers miles on an airline but to travel within zone 1 I need 50,000 points and if traveling from zone 1 to zone 2 I need 85,000 points and don’t even think about flying abroad because I think that takes a million points and my first born (and sorry, I’m not …Continue Reading
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Every Monday, Social Media Tyrant Manager Lindsay invites Currensee fans to enter a weekly contest to become the PIP of the Week. And every week I ask Lindsay:
“Can I be Head PIP? Can I? Can I? I’ll be the best Best PIP ever!”
I say it in the endearingly obnoxious way only I can. And every Friday afternoon (you guessed it), my dreams of greatness are oppressed squished when I am not chosen for the prestigious award. The marketing crew does, however, enjoy laughing at my expense, and at my major lack of PIPs - both in my trading and …Continue Reading
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By now you’ve figured out that we have some pretty cool interns. They are smart and fun, and truly have made this summer a blast here at Currensee. As the days become a little shorter, the nights a little cooler, and before our interns head back to school I’d like to introduce you to our final 3; say hello to Andrew, Orli, and Lin.
Andrew hails from the University of Denver (obvi he’s a skier). He’s a Boston local here, living in Cambridge with his family. Currently he’s an international studies major but is considering a switch to journalism. Andrew …Continue Reading
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Currensee member Ray Y. initiated a discussion recently in the Currensee platform about diversification. He wants to know:
“Why do I not see more about diversification? Surely we should all be looking for a hedge against our manual trading drawdowns.”
Diversification in Forex is a tricky thing. The number of currencies we trade are relatively few. Yes, there are a fair number of different pairs to trade, but there are only maybe eight currencies which are commonly traded (depending on what you include among the majors). That doesn’t provide much opportunity for diversification. If you want to avoid any overlap between …Continue Reading
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Not everyone can be a Forex Fiend right from the get-go, or sometimes even after years of trading experience. While a lot of trader psychology analysis deals with how to boost your confidence (in Forex anyway) and become that fearless Forex trader you want to be, it is equally important – if not more realistic – to learn how to be a good loser in the Forex game (that covers the other 95% of us, right?).
Earlier this week, John and Tim both made some observations about wealthy traders’ habits, one of them being that “they are patient with winners …Continue Reading
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Currensee and FXCM present: Money Management for Popular Strategies with DailyFX Quantitative Analyst David Rodriguez tomorrow at 1PM EST. Click here to register.
Good money management comes down to one all-too-popular trading aphorism: let your profits run and cut your losses short. Almost every popular trading guide says this, but all too few give the reader good examples of what constitutes proper money management. Of course, part of the difficulty comes from the fact that there is no definite answer or definitive guide on what to do. Our job is to establish analysis techniques that …Continue Reading
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