FXstreet.com: Education: Forex Basics
Fxstreet.com: Education: Forex Basics. A comprehensive way to understand the basic concepts of the currencies market.

“The development of this market far exceeds my imagination� says Lan Yee Chan, who joined the ranks of FX traders in the 1970s, shortly after the abolition of the gold standard. She thus has a long experience in Foreign exchange which, she says, is “a young profession still shaping and self-perfecting.� The VP and Chief Dealer of Union Bank thinks “retail traders with access to the Internet are gaining additional traction� these days and with the disappearance of old-fashioned means of

FXstreet.com: Education: Forex Basics
Fxstreet.com: Education: Forex Basics. A comprehensive way to understand the basic concepts of the currencies market.

Many investors know very little about their investments, and even less about the plan they are invested in. Merlin is joined by Tillie Allison to discuss the various account types and what they mean to you as an investor and Tax payer! The duo walk through a variety of account types highlighting the pro’s and con’s with each. Later in the show Tillie stresses the importance of actively managing your account once you pick the right plan. Just sitting on your hands and investing is worse than

FXstreet.com: Education: Forex Basics
Fxstreet.com: Education: Forex Basics. A comprehensive way to understand the basic concepts of the currencies market.

Michael Greenberg has been named “Forex Person of the Yearâ€� by FXstreet.com for his impressive, original and respected work with Forex Magnates and for making the industry more professional, more comprehensible and  in the end... better. His work in 2011 has been particularly remarkable, converting the site as the site of reference for Forex Industry news with a 60% growth in visits from previous year and launching the successful Quarterly Report. Forex Magnates consists of several

FXstreet.com: Education: Forex Basics
Fxstreet.com: Education: Forex Basics. A comprehensive way to understand the basic concepts of the currencies market.

With a weekend of boneheaded actions from politicians, bankers and football players, we had to have an extended segment of Donkey of the Day! After an extended opening rant, Merlin is joined by 3rd generation CME floor trader Bill Henner . Bill walks listeners though his last 25 years of experiences and discusses the difficulties he encountered when transitioning from pit to screen based trading. Later, Bill and Merlin break down the current action of the SPY, EURO and natural gas companies.

FXstreet.com: Education: Forex Basics
Fxstreet.com: Education: Forex Basics. A comprehensive way to understand the basic concepts of the currencies market.

Perception is almost everything in trading for Mark Whistler : price, value, news, technicals,... are manmade perceptions. The key for the trade is then to “understands price relativity, and being able to align or separate his perspective with/from the unmanageable expectations of other market participants.� Mark Whistler is a full-time trader and author of several books on Swing Trading, Trading Psychology and Volatility who investigated a lot the sentiment and news technologies in the

FXstreet.com: Education: Forex Basics
Fxstreet.com: Education: Forex Basics. A comprehensive way to understand the basic concepts of the currencies market.

Macroeconomics provides us with a overall checkup of a country’s economic health. Instead of looking at the behavior of individual businesses and consumers, which is called microeconomics, the goal of macroeconomics is to look at overall economic trends such as employment levels, productivity, and inflation. A country’s economy is controlled by its money supply and each country’s monetary policy is the responsibility of its central bank. The Bank of England (BoE), the European Central Bank

FXstreet.com: Education: Forex Basics
Fxstreet.com: Education: Forex Basics. A comprehensive way to understand the basic concepts of the currencies market.

In this article I’m going to talk about something you’ve probably never heard of before. It might give you a different viewpoint on trading the Forex. The reason I’m doing this is to open the minds of Retail Forex traders in order that they can have a greater insight into something that could be the very crux of why they’re struggling. I call it BAFTS . BAFTS is a disorder that can become ‘chronically account threatening’ if not adequately treated. BAFTS stands for Befuddled Acquired Fuzzy

FXstreet.com: Education: Forex Basics
Fxstreet.com: Education: Forex Basics. A comprehensive way to understand the basic concepts of the currencies market.

After a recent article by Sam Seiden titled “ Who Makes a Better Trader, Men or Women? �, Merlin decides to take that question to the front lines, with Professional Female trader Debbie Hague . Among the desirable attributes which make women better traders are: Risk Aversion, Patience, Humility, and the Ability to admit you are wrong. Debbie and Merlin site these as key factors which make women better traders. Debbie also talks about an important lesson she learned in the XLT program regarding

FXstreet.com: Education: Forex Basics
Fxstreet.com: Education: Forex Basics. A comprehensive way to understand the basic concepts of the currencies market.

by Cory Mitchell All traders should have a good trading plan. One of the worst bad habits a trader can have is trading impulsively and without any guidelines. Traders who take the time to make a trading plan are much more likely to succeed, but even with a plan in place we can develop bad habits. A trader will make impulsive trades even with their plan taped to the wall next to them. They may exit winning trades too quickly or let losses go longer than their plan states they should. In this

FXstreet.com: Education: Forex Basics
Fxstreet.com: Education: Forex Basics. A comprehensive way to understand the basic concepts of the currencies market.

The "Santa Claus rally" is a term used by market enthusiasts to refer to the strong surge in prices, particularly in the stock markets, that takes place during the last week of December until the first few days of the following year. Thanks to intermarket correlations, this phenomenon can also be observed in the forex market. If you're thinking that this could be your chance to grab a lot of pips before 2011 comes to a close, bear in mind that the Santa Claus rally will take place only if

FXstreet.com: Education: Forex Basics
Fxstreet.com: Education: Forex Basics. A comprehensive way to understand the basic concepts of the currencies market.

Social networks have experienced an incredible growth in the last years, Forex too. An appealing merging business we wanted to explore together with an innovative mind of this sector, Asaf Yigal, co-funder and VP of Product at Currensee. How will forex companies evolve in this new environment? Asaf share with us his ideas about regulation, advertising models, content websites evolution and brokers involvement in this internet revolution, but also their future in general: “in order to survive

FXstreet.com: Education: Forex Basics
Fxstreet.com: Education: Forex Basics. A comprehensive way to understand the basic concepts of the currencies market.

by Cory Mitchell One thing that all traders will eventually need to consider is how much should be traded. Will they make one trade per day, 100 or more? While how much to trade may just happen naturally, every trader should stop and evaluate how much they are trading and if they are possibly under or overtrading their specific style or system. Scalping styles generally require lots of trades, while positions traders need to be more selective in the movements the trade. Each style is

FXstreet.com: Education: Forex Basics
Fxstreet.com: Education: Forex Basics. A comprehensive way to understand the basic concepts of the currencies market.

An experienced chess player and a Japanese martial arts practitioner, Andrei Knight has learned from those worlds that “who moves first often loses�, a slogan that is certainly a lesson for him as a trader. Andrei is a professional trader, coach and fund manager which makes him a fine observer of the trading world, its technologies and actors. “I think technical (and fundamental!) analysis still has its place, and always will. New technologies will not replace the need for them, they will

FXstreet.com: Education: Forex Basics
Fxstreet.com: Education: Forex Basics. A comprehensive way to understand the basic concepts of the currencies market.

If you want to make money trading and consistently make money trading, it's important to review proven trading methods and techniques on a regular basis. There are always new interpretations or processes to be integrated into your current system but maintaining a structured approach to the market is the best way to achieve consistent returns. It is also crucial to have a precise set of rules to control your actions when positions don't react as expected. These guidelines must be simple enough

FXstreet.com: Education: Forex Basics
Fxstreet.com: Education: Forex Basics. A comprehensive way to understand the basic concepts of the currencies market.

by Brian Twomey The International Monetary Market (IMM) was introduced in December 1971 and formally implemented in May 1972, although its roots can be traced to the end of Bretton Woods through the 1971 Smithsonian Agreement and Nixon's suspension of U.S. dollar's convertibility to gold. The IMM Exchange was formed as a separate division of the Chicago Mercantile Exchange, and as of 2009, was the second largest  futures  exchange in the world. The primary purpose of the IMM is to

FXstreet.com: Education: Forex Basics
Fxstreet.com: Education: Forex Basics. A comprehensive way to understand the basic concepts of the currencies market.

Former Online Trading Academy graduate, Brandon Tristan , walks us through his trading career and some of the twists and turns he has faced along the way. After completing the ProTrader course, Brandon went on to assist in the XLT, Extended Learning Track, where he became one of the favorites! After seeing a significant impact on his account from following rules and helping others Brandon talks about mentoring and his role in the process. Click on the image below to download the mp3 file:

FXstreet.com: Education: Forex Basics
Fxstreet.com: Education: Forex Basics. A comprehensive way to understand the basic concepts of the currencies market.

      “The global economic system is dysfunctional because of the  mismatch between the modern technology used in the real economy and the operational procedures of the financial system.â€� Richard Olsen is an economic researcher in high frequency finance. He has a long experience and strong knowledge of the forex market structure, technology and buy/sell side. “The financial system needs to be reformed, which is not as difficult as people might thinkâ€�, he stressed.

FXstreet.com: Education: Forex Basics
Fxstreet.com: Education: Forex Basics. A comprehensive way to understand the basic concepts of the currencies market.

Due to overwhelming demand for advice on trader taxation, Power Trading Radio brings on an expert in the matter. Michael Atias , Director of Tax Services at OTA Tax Pros, joins the show to share a broad overview of some of the pros and cons associated with declaring trader status or maintaining individual status. Michael and Merlin discuss a wide variety of topics including: Corporations, 401k’s, wash sale rules, Mark-to-market accounting, writing off losses, and much more. Click on the image

FXstreet.com: Education: Forex Basics
Fxstreet.com: Education: Forex Basics. A comprehensive way to understand the basic concepts of the currencies market.

Merlin and Justin Krebs talk about how a true professional trader does not look back at a trade that missed their entry by a tick. Instead, they feel confident that they followed their plan and move on to the next trade. To many traders whine and moan about a missed trade, get over it and find the next one! After handling a couple of listener questions on Financials and proper stop execution, Justin talks about his current ProPick on the AUDUSD, as well as the impact of Oil and interest rates.

FXstreet.com: Education: Forex Basics
Fxstreet.com: Education: Forex Basics. A comprehensive way to understand the basic concepts of the currencies market.

Andrei Knigh t, Chief Technical Strategies at fxKnight.com, lets us know what he wants from brokers. Andrei, in an exclusive interview recorded at the FXstreet.com's International Traders Conference 2009 in Barcelona, affirms that spread is certainly important, but much more important is the capacity of the broker to solve fast your doubts and necessities in any moment.

FXstreet.com: Education: Forex Basics
Fxstreet.com: Education: Forex Basics. A comprehensive way to understand the basic concepts of the currencies market.

Andrei Knight , Chief Technical Strategies at fxKnight.com, speaks about the trading journal as a very valuable tool: " Keeping a trading journal is the perfect way to identify your mistakes and take actions to avoid it ". Andrei also comments, in an exclusive interview recorded at the FXstreet.com's International Traders Conference 2009 in Barcelona, the benefits to do practice positions permanently.

FXstreet.com: Education: Forex Basics
Fxstreet.com: Education: Forex Basics. A comprehensive way to understand the basic concepts of the currencies market.

Based on the price action these past few weeks, it’s evident that we're trading in what seems to be one of the wildest market environments ever. I'm sure a handful of you have asked yourselves if it is even possible to be a successful trader with market sentiment shifting in the blink of an eye. Now, don't fret young padawan. One thing you should know is that success comes to those who embrace change. Successful businessmen, for example, create new products and services that cater to the

FXstreet.com: Education: Forex Basics
Fxstreet.com: Education: Forex Basics. A comprehensive way to understand the basic concepts of the currencies market.

by Cory Mitchell Between the years 2000 and 2010 there were some massive fluctuations in the currency markets. Some currencies saw dramatic rises, while others fell just as precipitously. This was not isolated to emerging economies, but it did affect the world’s reserve currencies and largest economies on the planet. Mammoth trends in currencies play a major role in how individual lifestyles and how companies and countries conduct business. In the last decade, Canada, Japan and the Eurozone

FXstreet.com: Education: Forex Basics
Fxstreet.com: Education: Forex Basics. A comprehensive way to understand the basic concepts of the currencies market.

Once again Merlin Rothfeld brings Power Trading Radio to the Las Vegas Traders Expo 2011. Tune in for interviews and coverage of all the action. Click on the image below to download the mp3 file:

FXstreet.com: Education: Forex Basics
Fxstreet.com: Education: Forex Basics. A comprehensive way to understand the basic concepts of the currencies market.

Merlin brings Power Trading Radio to the Las Vegas Money show to bring us all the action. He interviews special guests including the President and CEO of TradeStation Group Salomon Sredni, The Senior Instructor of the Options Institute at the CBOE Jim Bittman and the Education Counselor from Online Trading Academy Teo Alamania. Click on the image below to download the mp3 file:

FXstreet.com: Education: Forex Basics
Fxstreet.com: Education: Forex Basics. A comprehensive way to understand the basic concepts of the currencies market.

The history of the Automated Trading Championship is not yet long, but colorful. Being first held in 2006, the competition has already gained a reputation as the most important contest for automated traders. Today the Championship is seen by many as a matter of course, and its importance for the whole industry of forex robots is not disputed. But this was not always the case. Only five years ago, automated trading was not even half as popular as it is now. Of course, a narrow circle of

FXstreet.com: Education: Forex Basics
Fxstreet.com: Education: Forex Basics. A comprehensive way to understand the basic concepts of the currencies market.

This article written by Øystein Nerva was originally published in the November 2011 issue of Traders' Magazine. Øystein Nerva has a master degree in finance, and for the last couple of years he has been working as an equity sales trader in Oslo, Norway. In order to gain an edge for his clients he uses statistical analysis of price movements to optimize timing and to gain insight into likely future trends. Have you ever noticed the extreme volatility at the start of the trading day and how the

FXstreet.com: Education: Forex Basics
Fxstreet.com: Education: Forex Basics. A comprehensive way to understand the basic concepts of the currencies market.

This article written by Thomas Kaschel was originally published in the November 2011 issue of Traders' Magazine. Mr Thomas Kaschel is a CIIA (Certified International Investment Analyst) and holds an MFTA (Master of Financial Technical Analysis). Until 2009, he was an asset manager at a savings bank and in this position was responsible for developing trading strategies and optimising portfolios as part of asset allocation. Since 2010, he has been an independent trader and part-time lecturer at

FXstreet.com: Education: Forex Basics
Fxstreet.com: Education: Forex Basics. A comprehensive way to understand the basic concepts of the currencies market.

One of the most frequent complaints from traders is how lonely trading can be, and that you must learn on your own. Joann Farley was one of these traders when she started, then gravitated to the education and community feeling of Online Trading Academy. In that past few years, Joann has been instrumental in the development of the XLT (Extended Learning Track), which is an online community of hundreds of traders all with the same core strategy and methodology. Joann shares her progress as a

FXstreet.com: Education: Forex Basics
Fxstreet.com: Education: Forex Basics. A comprehensive way to understand the basic concepts of the currencies market.

by Richard Lee In June 2010, China's government decided to end a 23-month  peg  of its currency with the U.S. dollar. The announcement was praised by global economic leaders and followed months of commentary and criticism from United States politicians. But what prompted the long awaited move? (For background reading on exchange rates, see  The Origins .) The Chinese Model China's economic boom over the last decade has reshaped its own country and the world. Once a country

FXstreet.com: Education: Forex Basics
Fxstreet.com: Education: Forex Basics. A comprehensive way to understand the basic concepts of the currencies market.

by Cory Mitchell Every once in a while, many smaller economic and market events combine to set off a currency meltdown. These meltdowns can be financially devastating to some - but at the same time, someone else is making money. While there have been many currency meltdowns of differing magnitudes, the ruble, euro, pound and kiwi have had their day in the speculative sun. The events that led to these meltdowns and the effects on the world and currency trading that these meltdowns had are

FXstreet.com: Education: Forex Basics
Fxstreet.com: Education: Forex Basics. A comprehensive way to understand the basic concepts of the currencies market.

Dr Woody Johnson , Author of From “Pain to Profit, Secrets of the Peak Performance Trader�, joins the show to help listeners with their trading problems. Most traders agree that trading is 75% psychological, yet most don’t feel that they have anything wrong with them. Think again! Every trader needs a coach to help them with their problems, and Woody is just the man! Click on the image below to download the mp3 file:

FXstreet.com: Education: Forex Basics
Fxstreet.com: Education: Forex Basics. A comprehensive way to understand the basic concepts of the currencies market.

Guest host John O'Donnell talks with special guest Garrett Jones . Garrett Jones is a money manager and one of only ten people to be accepted into Merrill Lynch's prestigious JET Program in 1970. Click on the image below to download the mp3 file:

FXstreet.com: Education: Forex Basics
Fxstreet.com: Education: Forex Basics. A comprehensive way to understand the basic concepts of the currencies market.

Scott McCormick , CMT and former broker, addresses a couple of listener questions which revolve around a very common mistake: Traders not knowing their style. Whether you are a day trader, momentum, swing or even a position trader, you must know which style fits your temperament best. Just because someone trades one way, does not mean that you will be successful trading that way. Merlin and Scott look at a variety of factors which can help listeners start down the path of defining their

FXstreet.com: Education: Forex Basics
Fxstreet.com: Education: Forex Basics. A comprehensive way to understand the basic concepts of the currencies market.

The Physiological Edge is another way the Macro Accounts have a distinct advantage over Small Retail Traders. Apart from the fact that there is no cohesive direction of small retail capital flow, i.e. although the aggregate total of small retail capital world wide could change market direction; it can only do so if the vast majority if it is moving in one direction - but it rarely if ever does. The reason for this is that there is little-to-no communication between small retail traders. Small

FXstreet.com: Education: Forex Basics
Fxstreet.com: Education: Forex Basics. A comprehensive way to understand the basic concepts of the currencies market.

Online Mentoring superstar Sam Evans joins Power Trading Radio to talk about his meteoric rise in popularity in the trading community. Just a few years back, Sam was attending hotel seminars looking for a solution which would enable him to get involved in the financial community. 7 years ago, he found the answer! That discovery transformed his life and gave him the guidance to succeed in his own trading as well as present him with the opportunity to help others achieve theirs. Later in the

FXstreet.com: Education: Forex Basics
Fxstreet.com: Education: Forex Basics. A comprehensive way to understand the basic concepts of the currencies market.

The fun continues from the Online Trading Academy International Conference! This session Tillie Allison starts things off talking about Community and some of the new initiatives that Online Trading Academy is rolling out to help build that community. Tillie stresses that much of her success has come from working with other traders and learning from their mistakes, as well as building on their strategies, Next Bert Antonik joins the show to talk about his NEW residency in Singapore. Bert moved

FXstreet.com: Education: Forex Basics
Fxstreet.com: Education: Forex Basics. A comprehensive way to understand the basic concepts of the currencies market.

This article written by Thomas Kaschel was originally published in the October 2011 issue of Traders' Magazine. Mr Thomas Kaschel is the holder of a CIIA (Certified International Investment Ana- lyst) and an MFTA (Master of Financial Technical Analysis). Until 2009, he was an asset manager at a savings bank and in this position respon- sible for developing trading strategies and optimising portfolios as part of asset allocation. Since 2010, he has been an independent trader and part-time

FXstreet.com: Education: Forex Basics
Fxstreet.com: Education: Forex Basics. A comprehensive way to understand the basic concepts of the currencies market.

Let’s discuss what the Forex Market is in its basic rawest form: The largest day-to-day pool of capital redistribution - in the world. At the end of each day it still remains a net zero sum industry. What this means is that, of all the money exchanged, there’s still the same amount of capital at the end of each day as there was at the beginning. The only difference is that some traders have more of it while other traders have less of it. Why is vitally important to understand 1 and 2 above?

FXstreet.com: Education: Forex Basics
Fxstreet.com: Education: Forex Basics. A comprehensive way to understand the basic concepts of the currencies market.

The short term bounce continues, rallying price near short term supply levels. Will Dallas Fed President Fisher’s comments have a lasting negative effect on the markets? Or just a short term sell-off? Sam Seiden joins the show and shares some of the highlights of his recent presentations at the Las Vegas Forex & Futures with listeners, and emphasizes the importance of how commodities and currencies impact each other. Click on the image below to download the mp3 file: