Gold Goes Parabolic But Can It Hold?

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Gold went to a high of $1,917.90 today, according the to the continuous Gold Futures chart in Broco Trader.  That is the highest is has ever been, showing a flight to safety  in this time of budget woes.  According to this article on Bloomberg, central banks are adding to their gold reserves “for the first […]

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The Pros and Cons of Trading Forex

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I was fortunate enough to have a reader email me on one of my previous posts. He shared with me a list that he created when he first got into Forex trading that outlines the pros and cons of trading. I thought it was a great list and he agreed to let me share it with you, so check it out and compare it with your own list. He even managed to work in a zombie apocalypse as a reason to trade Forex. Believe me, it’s a valid point.

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My Backtesting Notes For Tonight

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Tonight I am fine tuning the Wallaby Trade that I have been testing. There were a couple of things about the 15 minute time frame that did not agree with me, so find out what I am doing to change that. Find out which time frame I am going to be using now and why I will not be providing detailed testing results until after I have tested 10 years worth of data.

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Is Forex Still Shady?

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Forex is the new kid on the block when it comes to retail online trading. Stocks, future and options trading has been around for years, but actually having access to the foreign exchange markets is a relatively recent occurrence. The result has been loose regulation and anyone being able to claim that they are an expert. Laws have been getting stricter, but are the scammers still out there?

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