In case you missed it … Forex traders with too much time on their hands is a dangerous thing, and why all great ideas start with a cannoliPosted by Orli Perez in On the Forex Front, tags: Boston, Dodd-Frank Wall Street Reform, Forex challenge, Forex news, innovation, North End, personal finance
To the week of August 8th, we bid you adieu and good riddance. It’s been a little hectic around Currensee World Headquarters. In fact, a few times certain people even got a little nutty under the stress. We’ve been working around the clock, and there’s some big (huge!) new developments coming soon to Currensee. We can’t pull the curtain just yet, but stay tuned. Exciting times are a’coming!
In the meantime, here’s some of our favorites bits of news and commentary from the Forex front:
- There’s been a whole lot of steam surrounding Dodd-Frank Wall Street Reform Act. While some are fuming it’s Obama’s personal crusade against Forex (look no further than Exhibit A and Exhibit B), others say it’s much to do about nothing. How are you sleeping at night, or not, traders?
- There so many to-do’s and no-no’s in Forex, it’s hard to keep track. Forget your brokerage account for two seconds and get back to basics: your good ol’ checking account. We recently read about what motivates financial decisions, and a couple of words stood out: survival, stability, fun. Don’t the same rules apply in the Forex game?
- To all you aspiring “Wall Street ballers”, you don’t want what you think you want. Raghee asks all the big questions: What do you want from your trading? What are you prepared to do to achieve this? Do you have the risk tolerance (or stomach) to really pursue it?
- Speaking of having a stomach for Forex, it was a recurring theme this week to talk about a condition we’ll name “Forexitis”. Disturbing dreams of being beaten by red candlesticks? Irritated eyes, or just generally irritable? Forex and hypochondria is never a good combination. Is Forex really that bad? Heck, we survive every day. Kind of.
- Casey Stubbs WANTS YOU (yes, you) to take his “follow the Forex rules” challenge for 10 days. Join in on the “Forex diet”, and then tell us if you came out a better trader or cracked under the pressure.
- A couple of tidbits from DailyForex, the first one on treating your Forex trading plan as a business (because it is). The second is really a no-brainer – trade what you see, not what you want to see. Two solid, if not pretty obvious, pieces of advice. So why do so many traders fall short in these departments?
Boston has an “Innovation District” (no surprise there), and it’s not in the North End? (Gasp!) I mean, Fort Point is a cool neighborhood (they have a pretty cool view of the Boston Tea Party ship), but we’re the Italian district of Boston! No competition. Hey Fort Point, we bet #NorthEnd can become a trending topic on Twitter faster than #FortPoint any day. #ChallengeAccepted!
Have a piece of news or blog you want to share, or write one of your very own? Share it! We’re all about collaboration – it’s kind of our thing – and sharing the Forex good vibes. So drop us a line – you know where to find us.
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.