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In a previous post, I outlined 5 forex trading blogs that you might want to check out. Since then, I have found some other blogs that may interest you. In addition I found another cool blog that is not forex related but I think is awesome. First of all, here is the list: Rob [...]  Open Wide, Here's Your Tweets! If you are like me and think that using Twitter is like trying to drink out of a fire hose at full blast, then this may be a good way to actually make Twitter useful for trading. Awhile back, I heard of StockTwits from Raghee Horner. I downloaded it and I looked at it for two seconds and couldn’t figure it out, so I just wrote it off. Delete. Fast forward to the present day and I decided to try it again. So I downloaded it and installed it. This time I actually know what Twitter is and how to use it. So I took a little more time to figure it out and it is actually quite interesting. There is a learning curve involved with the software, but I think most people can get the hang of it pretty quickly. What is it?
You download and install a program that displays the streams in an easy to read format. You can even see multiple streams at once. Now let me warn you… Click here to continue reading StockTwits is Not Just for Stocks (It Can Be For Forex Too) >> If you are looking for ways to keep up with the latest events on the internet, this can be a good way to keep up with current events. Google will send you an email as it happens, daily or weekly. Just enter the search term that you want to stay up to date on [...]
I still like the Counter Trend Trade that I learned from Rob Booker and I am actually in the process of getting more programming done to automate the backtesting process because I feel that there are other pairs that will respond well to that trade. Even with the automated order stacker, it takes awhile to test each pair manually. But this trade is a higher risk trade and I don’t want to be trading like that all the time. What I am looking for is a lower risk trade where I can leg into the trade, set my stops, have a beer, possibly leg out and trail my stop every so often. Oh yeah, and still make a lot of money when I am right! So I started looking around for some ideas and stumbled upon this guy named Craig Harris. Now let me just say something up front, I don’t know anything about this guy and I don’t even know if he is legit or not. I do not get paid anything for mentioning him here, I just think he has a good idea. He was supposedly a construction worker before becoming a full-time forex trader. One of the videos I watched had some gratuitous slow-mo shots of his S-Class Mercedes driving out of the driveway. That was pretty funny…yeah, we get it dude.
Click here to continue reading This Strategy Looks Interesting >>
What I really like about this website is that it keeps me on track by emailing about my progress whenever I want it to. This keeps the goals in front of me and does not let me forget them. Another cool feature about the website is that you can become friends with other people that have similar goals as you and together you can form a support group. The website is called The Community and it was started by Stephen Covey of 7 Habits of Highly Successful People fame. The goals on the website are separated into 5 separate areas: Mind, Body, Spirit, Heart and General. I would have liked to see Financial as a goal, but General is good enough. Click here to continue reading Free Goal Setting Website >> Here is a good site to do a quick check on the major markets that affect forex: http://quotes.ino.com/ I tried a trade in my live account where I traded the breakout of the Asian session range in the GBP/USD pair and it worked well. More details to come. Here is a blog of another guy that trades forex and seems to have a pretty good track record: http://www.forexspirit.com/ |
 
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HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax adviser if you have any questions. Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice. Click here to read the complete disclosure statement. Compensation Disclosure: Links on this page may be affiliate links in which the owner of this website receives financial compensation if purchases are made through the links. | ||||||||||
In a nutshell, you can pick streams of Tweets to follow and get updated real-time about what is going on in different markets. There are different streams for Stocks, Futures, Forex, Options and other types of trading.
I have been using a free goal setting website to track my goals for the past two weeks and I really like it. My primary issue with respect to goal setting is that I set a goal and I get busy and forget about it until later. I have trouble keeping it in the front of my mind.
