Author Bio

There is nothing like a steamy, sticky, rainy night in Beantown to run 3.5 miles with your colleagues and another 12,000 people who all signed up to run this year’s J.P. Morgan Chase Corporate Challenge. The Corporate Challenge is the largest road race held entirely within Boston’s  city limits. It’s a fun run through the city and a great way to do something healthy for your body, and good for the community to boot.

We were excited to participate in this year’s race for a few reasons. First off, healthy Pips are the best Pips in town. We love encouraging exercise and healthy living. You know, out there in the fresh air and doing something good for your body. Second, we love doing something good for the community. This year’s race proceeds fund Camp Harbor View, a summer camp located on Long Island in Boston Harbor that provides an opportunity for children from Boston’s at-risk neighborhoods to spend time at summer day camp in the city. At the camp, kids get a chance to learn about life options that they may have never considered while receiving exceptional support from a caring staff. Now that’s a great cause. Third, we are all about team building and love a good team competition. (Personally, I like my competition a bit better in the air conditioning but, hey, it’s only once a year.)

We had the best t-shirt design, by far, thanks to our super-talented designer, Elliot, and we ran that last tenth of a mile extra hard at the thought of a nice cold beer with friends. I am already beginning to plan our t-shirts for next year’s race.

Check out the Pips at their finest in our team album!

=====

Be sure to read the full risk disclosure before trading Forex. Please note that Forex trading involves significant risk of loss. It is not suitable for all investors and you should make sure you understand the risks involved before trading. Performance, strategies and charts shown are not necessarily predictive of any particular result. And, as always, past performance is no indication of future results.

-------

Be sure to read the full risk disclosure before trading Forex. Please note that Forex trading involves significant risk of loss. It is not suitable for all investors and you should make sure you understand the risks involved before trading. Performance, strategies and charts shown are not necessarily predictive of any particular result. And, as always, past performance is no indication of future results. Investor returns may vary from Trade Leader returns based on slippage, fees, broker spreads, volatility or other market conditions.

Author Bio

The CFTC has brought charges against a Northern California Forex money manager for committing fraud against his clients. The money manager claims he had never had a losing year, when his actual trading records revealed consistent losses year over year.  He also seems to have mysteriously misplaced a majority of customers’ deposits, taking a page out of the Bernie Madoff method of creative money management. You can read about it on Forex Magnates.

I hate to be self-serving here, but I must. If his clients required him to register on Currensee (as a free service, I might add), these customers would have seen his real results, including win/loss P&L, trade-by-trade recaps, etc. on a daily basis, along with a detailed comparison of his business against the other traders on the Currensee platform.

This charlatan would have been exposed and some of the $4.3 million might not have been lost.  It is time to demand transparency in Forex from all people that offer to manage your money!!

=====

Be sure to read the full risk disclosure before trading Forex. Please note that Forex trading involves significant risk of loss. It is not suitable for all investors and you should make sure you understand the risks involved before trading. Performance, strategies and charts shown are not necessarily predictive of any particular result. And, as always, past performance is no indication of future results.

-------

Be sure to read the full risk disclosure before trading Forex. Please note that Forex trading involves significant risk of loss. It is not suitable for all investors and you should make sure you understand the risks involved before trading. Performance, strategies and charts shown are not necessarily predictive of any particular result. And, as always, past performance is no indication of future results. Investor returns may vary from Trade Leader returns based on slippage, fees, broker spreads, volatility or other market conditions.

Author Bio

One of the lighthearted discussions that have been going on at Currensee alludes to what traders listen to when they are trading.  Some obviously prefer music, while others have financial channels on in the background.  Still some prefer having the financial channels on but fully utilizing the mute button, which is one way to avoid outside opinions from influencing your trading.

Obviously, right now many of us have the World Cup matches on in the background.  You can’t help it. How many times do you need to hear either, “We think there is value in the markets right now” or, “Gold, the US Dollar and the Yen are gaining because markets are risk averse!”

The one thing that you will notice about a World Cup striker is when they have a chance to score a goal, they will try without fear.  Meaning that when the ball leaves their foot, it is headed towards the keeper as hard and as fast as it can possibly get it there.  Sometimes the ball is shot errantly, but still, everyone knows what the objective was for the striker.

Traders learn that when an opportunity knocks, you have to be as quick to enter that trade as you possibly can.  Waiting for confirmation that your idea was correct will often times cost you valuable pips, and potentially have you caught in a squeeze play.  Sometimes traders will enter a trade and it will turn out to be a loser, yet still everyone knows what the objective was for the trader.

Those are two straightforward examples of having an objective and believing in it.  Can we say the same about the FOMC right now?  Have a look back at the FOMC statement from Wednesday:  “Financial conditions have become less supportive of economic growth on balance, largely reflecting developments abroad.”  Come on, blaming Greece and others for the lack of economic growth in the US? You can’t be serious.  Isn’t China’s economy bigger than Greece’s? And didn’t they just revalue the CNY because their economy is growing at a solid clip?

Unlike its peers that solely focus on inflation, the Fed’s job is to also maximize employment.  How many more jobs would have been created in the US if the markets had just left Greece alone?  I dare say that more jobs have been impacted by China of late than by Greece.  If anything, yields are lower, which should make it attractive for those that can access credit to borrow money right now.

Traders don’t go around blaming others for their losing trades.  They blame themselves, they recoup and start over.  Why is the Fed blaming “developments abroad” for their inability to restart the economy and create jobs?

Many of us still point to the Fed’s reluctance to withdrawal policy from 2004 to 2006 as the catalyst that started the current recession.  As outgoing Fed member Donald Kohn said recently “I don’t think we know enough at this point to answer with any confidence the question of whether monetary policy should include financial stability along with price stability and high employment in its objectives”.  That is the complete opposite of trading without fear, right now it sounds as if the Fed needs an objective to believe in again.

This report is for your information only and does not constitute investment or business advice or an offer to buy or sell securities.

=====

Be sure to read the full risk disclosure before trading Forex. Please note that Forex trading involves significant risk of loss. It is not suitable for all investors and you should make sure you understand the risks involved before trading. Performance, strategies and charts shown are not necessarily predictive of any particular result. And, as always, past performance is no indication of future results.