2010-07-30: EUR/USD Still Hovering Around 3-Month HighAfter hitting a three month high against the U.S. dollar in trading yesterday, the euro took some slight losses last night, falling some 30 pips against the greenback. The overall trend for EUR/USD is still up, especially ahead of the U.S. Advance GDP figure, which is forecasted to show [...] [...more]
There is no question as to who has been the best investor over the last 30 years. Warren Buffet has been such a successful trader that he is now listed as the second richest man in the world (and has been number one before the credit crisis). His trading strategy is plain and simple: he [...] [...more]
The year 2008 has been a very rough one for the average trader. Stock markets suffered considerable losses, most were cut in half. Financial instituations performed even worse and lost as much as 90% of their value. That is, if they survived at all. The upcoming year could be set for a further decline in [...] [...more]
The past year has been particularly nice to the Euro. The now 10 year old currency of the European Monetary Union has quickly gained status as a safe heaven for investors in times of financial crisis. In contrast, the British Pound has decreased much in value and paired the Euro at the end of the [...] [...more]
Ouch, that was painful yesterday. My stop loss at 1.2970 was triggered and the market immediately turned around, touching as low as 2826 this morning. My SL couldn’t have been set at a worse place as it exactly touched yesterdays high. Although this might be painful to realize afterwards, the important thing to me is [...] [...more]
