http://www.currencysecrets.com Mon, 17 Sep 2007 04:48:33 +0000 http://backend.userland.com/rss092 en Let's say you received an email in your inbox this morning of a new forex system and when you went to the website the opening sales copy said something to the effect of... I have 4 golden rules that I use to determine if a trading method is good for me: It ... http://www.currencysecrets.com/2007/09/17/who-would-buy-this-forex-course/ There's a website that I've just recently come across which offers an excellent way for forex traders to automate their strategies. In a similar style to Mark's Thinking Stuff Forex trading software where the user is given a NON-programming approach to automating their strategy this web site similarly provides the ability ... http://www.currencysecrets.com/2007/08/13/hivetrader/ It seems from what has come across my desk over the last month or two that the easiest way to make money out of the forex market is to sell an ebook or DVD course catered to forex traders (i.e. the forex market). One such forex course that came across my ... http://www.currencysecrets.com/2007/07/24/the-easiest-way-to-make-money-out-of-the-forex-market/ Another web site that was presented to me not so long ago was TopForexReview.com. The site offers personal reviews by its owner Cindy on forex brokers, forex signal services, forex managed accounts, and forex training courses. Now ordinarily I wouldn't bother recommending something like this as there are a gazillion opinions on ... http://www.currencysecrets.com/2007/05/08/topforexreviewcom/ Back in March Malcolm from Excalibur Forex offered readers of Currency Secrets free access to his signal service for a month. Having now used Excalibur's services for over 6 weeks I can provide my opinions on his service. The things that I liked about Excalibur Forex was its simplicity of signals. Excalibur ... http://www.currencysecrets.com/2007/05/08/excalibur-forex-review/ EasyForex are looking for someone to provide an honest review of their forex signal service in here. If you have used EasyForex's signals and would like to add your comments, please do so by entering them below and clicking on the "Add Comment" button. Now that I have finished my review of ... http://www.currencysecrets.com/2007/05/08/easyforex-review/ The oddly titled ebook "Bird Hunting In Lion Country" by Dirk de Toit (aka DrForex) is a book about trading the forex market. Unfortunately I was a little disappointed after I had finished reading the book because Dirk did a good job keeping me hooked during the early chapters, but when ... http://www.currencysecrets.com/2007/05/08/bird-hunting-in-lion-country-ebook-review/ As most of you know Oanda is one of my preferred forex brokers. Sure, I understand that they're not perfect, no forex broker is, but they suit my needs. One area of Oanda's site that I particularly like to frequent is their FXLabs site. Here you'll see innovations that Oanda are working ... http://www.currencysecrets.com/2007/04/03/oandas-fxlabs/ Another interesting chart presenting some clear formations at the moment is also the USDJPY. (Click here for chart) What do we see? Well after the Yen strengthened against the USD at the beginning of this month we saw it retrace back to its 50% Fibonacci retracement level, which it failed to break. ... http://www.currencysecrets.com/2007/03/21/medium-term-outlook-usdjpy/ Once again the Aussie Dollar is trading around the long-term historical resistance area of 0.8000. There are several interesting patterns on the AUDUSD that I'd like to share. Here's a weekly chart of the AUDUSD. Notice how we have an extremely large (and albeit ugly) head and shoulders pattern. Add to the ... http://www.currencysecrets.com/2007/03/20/long-term-audusd-outlook/ Recently a comment was made on Currency Secrets by Excalibur Forex offering readers here a free trial of their signal services up until the end of March (see comment here). There are a couple of things that I like about Excalibur, but there are also a couple of things that I ... http://www.currencysecrets.com/2007/03/13/excalibur-forex/ If you've created a system before you would've no doubt arrived at a point where you would've needed to test certain variable(s) to see which figure(s) would be the most appropriate to use. As an example, if we were testing a simple moving average crossover system on closing prices we would ... http://www.currencysecrets.com/2006/12/22/walk-forward-optimization/ Last week I took a trip to Melbourne with friends to watch U2 play live in concert. While the concert was something that I'll never forget, but one odd memorable moment of the weekend was spent in the Crown Casino. After wandering through the casino and seeing the multitudes of pokie machines ... http://www.currencysecrets.com/2006/11/21/forex-gambling/ There aren't too many forex books that I endorse... in fact, I don't think there's even one! I suppose if someone were to twist my arm and recommend one there'd be a couple I'd choose from, but most of what you read in forex books nowadays is filler that can be ... http://www.currencysecrets.com/2006/11/03/high-probability-forex-trading/ It's been awhile since I've perused Dukascopy's website, as back in the good 'ol days they were pretty much only known for their free forex data (which was indicative). Since then I never really gave Dukascopy a second glance, however, as I soon found out a lot can happen in ... http://www.currencysecrets.com/2006/10/27/dukascopy-review/ There's an interesting article on CNN's Money site that I think all of you should read especially in light of my last two posts regarding forex simulators: Forex Simulator and Forex Tester. If you think that you'll achieve long-term forex trading success within a year I think you're going to be ... http://www.currencysecrets.com/2006/10/24/what-it-takes-to-be-great/ Keeping with the theme of forex simulators another popular software platform is Forex Tester. (If you haven't already done so you may want to read my previous review on Forex Simulator.) Allow me to start by saying that Forex Tester is a much more refined package than Forex Simulator. In fact, user ... http://www.currencysecrets.com/2006/09/19/forex-tester-review/ For those amongst us who play, or have played, a sport at a professional or even semi-professional level would know to be good at the sport practice is an essential part of performing well. And even if you've never played any sport at all you'll likely appreciate the fact that those ... http://www.currencysecrets.com/2006/09/18/forex-simulator-review/ Not all flag formations work out the way as planned. This really isn't saying anything profound. However, just as each flag formation has a break point where we know it is likely to continue in the direction of the flag pole it EQUALLY has an opposing break point where when its ... http://www.currencysecrets.com/2006/09/12/trading-failed-flag-formations/ Not surprisingly the CHFJPY is also forming a bearish flag, however, I've never traded the CHFJPY and aren't likely too regardless of how nice the flag looks. (The EURJPY is forming a bearish flag too but it isn't as nice - it has already had closing hourly bars beyond the low ... http://www.currencysecrets.com/2006/09/10/chfjpy-also-flagging/