With QE3 now looming, I am starting to wonder if we are going to see another significant slide in the US Dollar.
The US Fed is once again going to fire up the printing presses up buy up whatever is out there devaluing the US currency against everything.
Just when you thought it was safe and your worries were over with all the feel good talk in Europe, the Fed indicates that it still plans to print.
To me this is potentially a signal that it's time to buy currencies against the USD. It's still rather early in the process, but this can't be good in the larger scheme of things.
What do you think is going to happen to the dollar?
I had enough bad experiences as a new forex trader that I wished I could read some real reviews on anything forex related.
When you're a new trader, every sales pitch sounds like a winner and you want to buy all of the products. According to their sales page, you'll be rich in just a few weeks or months so there really is no risk.
I personally do trade with FXCM, they are in my shortlist of brokers that I feel comfortable dealing with.
Last week, I was looking for Oanda Reviews and this week, I'd like to get some reviews of FXCM by traders that are trading with them. If you trade with FXCM or have traded in the past, please fill out an FXCM user review.
Not an FXCM trader, no problem! If you trade with another forex broker, please fill out our general forex broker review.
It's not much of a secret that I endorse Oanda as a forex broker. I've been with them since I started trading and while I've tried other brokers, I have always come to the conclusion that Oanda has the best set up for retail forex trading.
You can see my review of Oanda's trading service and platform at my Oanda Review.
What I'd like to ask is for other traders that trade with Oanda, or have traded with Oanda in the past to please write a review. You can find the review form here.
I consider this site to be a great trading resource for beginning traders and I like to provide as balance of a view as possible. The more reviews we have for brokers, the better balance of information that is available for new traders.
If you have a different forex broker, I'd still love to get your input, you can find the general forex broker review form here.
Thanks for your input everyone!
With rumors of debt problems being soon solved in Europe and the term “QE3” being thrown around. Markets seem to be returning to complacency with their risk.
Once again the Euro is rising as well as risk related currency pairs like AUD/USD. The EUR/USD is currently sitting around the 200 day moving average, a choice from here should be clear within a week or so.
I'm not sure where the optimism is warranted, since this is all just jawboning. Nothing concrete has happened to this point, it's pretty much wishful thinking.
However, markets do what they do. They often thrive on “talk” and “ideas” that get thrown around.
For the upcoming weeks, keep an eye on risk currencies. If you are trading in favor of risk, keep your rear end covered.
Is mobile forex trading a curse or a blessing?
While traders are no longer tied to the their desks, can they rely on the technology of mobile devices to handle their precision trading?
So you want to trade currencies, but you're curious how much money is possible.
Well strictly speaking on what's possible, a lot. How much money you can make depends on multiple factors. If you've got what it takes, you can become successful and make some money.
Forex is a rather unfriendly game to the unsuspecting. If you are a forex winner, I have some information that can get you turned around and help you start losing money.
Please see: 5 Ways to Fail at Forex Trading
Have you ever tried using foreign exchange to do carry trades? It's a lucrative strategy if treated properly.
There are reasons to do it, and reasons to avoid it. It's really a matter of figuring out whether it's a strategy you can deal with.
Have you ever thought of just quitting forex because you're simply not making money?
See: How to Stop Losing Money with Forex
Sometimes trading can seem like a game thats impossible to win. Have you ever been trading forex, and just felt like winning isn't an option.
While the forex markets are special, they aren't that special, it's just a matter of having the right approach.