Forex Bull

Hello to all fellow forex traders and good luck with trading in New Year 2009!!! I have been involved in Forex Trading for last four years and would like to share my personal experience. It’s been an very challenging and demanding journey so far with mixed experiences. I lost heavily during initial two years when I was

Best wishes for a prosperous New Year Best of luck to you in your forex endeavors in 2009.

Sterling has a horrible year in currency trading It’s no surprise that the U.K.

Yen up over the year in currency trading The Japanese yen represents the biggest winner in 2008 in currency trading on the FX market. It had the most dramatic appreciations of all the major currencies — including the biggest gain against the U.S

To the sound of midnight fireworks and pealing church bells, Slovakia joined the eurozone, putting it under the shared currency’s protective umbrella amid a world financial downpour — and underscoring the former Soviet bloc nation’s economic progress.

The U.S. dollar was mostly lower against other major currencies in European trading Wednesday morning.

The dollar rose against the euro and the Japanese yen but dropped versus the pound in light trading on New Year’s Eve Wednesday.

I was home for most of the day today with my first born, so I was able to watch the market a little bit and wanted to share some thoughts on this final trading day of 2008. Following up on yesterday’s low volume melt-up, we saw more of the same today. Stocks rose steadily throughout the session but with volume coming in light and even lower than yesterday’s light totals in some cases, I can’t give much credence to this action.

Over the final days of this week, extremely illiquid markets could lead to extremely high or low levels of volatility for the currency market. However, with strong technicals, a clear bias and a sound strategy, a USDCAD range trade could take advantage of a good opportunity.

The Japanese yen ended Wednesday mixed across the majors, as the currency fell nearly 2 percent against the Australian dollar and British pound, but gained slightly against the euro and Swiss franc.