Why Good Poker Players Make Great Forex Traders
Investing and Gambling Similar Many have compared investing to gambling and in many ways they may be correct. Playing poker and investing have many similarities. Some kinds of day trading involve considerable risk and the forex market is extremely risky and volatile much like a game of poker. Poker is probably the most popular game of [...]
Dollar vs. Yen at Seven Month Low
G 20 Statement Pressures Dollar The US dollar fell to a seven month low against the Japanese yen on Friday. Forex markets were influenced by a statement from the G 20 summit in Pittsburgh which said that the G 20 nations pledged to continue stimulus spending until a sustainable recovery from the current recession is possible. [...]
Euro Falls After Stocks Decline
Fed to Keep Rates Low The euro which recently has been a barometer of risk appetite fell after a decline in stocks after the US Federal Reserve said it would keep rates low for the foreseeable future. The euro vs. dollar rate fell 0.3% to $1.4744, after hitting an intraday low of $1.4731. The US dollar [...]
Why Good Poker Players Make Great Forex Traders
08 October 2009
Investing and Gambling Similar Many have compared investing to gambling and in many ways they may be correct. Playing poker and investing have many similarities. Some kinds of day trading involve considerable risk and the forex market is extremely risky and volatile much like a game of poker. Poker is probably the most popular game of [...]
Posted in Featured Articles, Forex ExchangeComments (2)
Dollar vs. Yen at Seven Month Low
27 September 2009
G 20 Statement Pressures Dollar The US dollar fell to a seven month low against the Japanese yen on Friday. Forex markets were influenced by a statement from the G 20 summit in Pittsburgh which said that the G 20 nations pledged to continue stimulus spending until a sustainable recovery from the current recession is possible. [...]
Posted in Featured Articles, Forex ExchangeComments Off
Euro Falls After Stocks Decline
23 September 2009
Fed to Keep Rates Low The euro which recently has been a barometer of risk appetite fell after a decline in stocks after the US Federal Reserve said it would keep rates low for the foreseeable future. The euro vs. dollar rate fell 0.3% to $1.4744, after hitting an intraday low of $1.4731. The US dollar [...]
Posted in Featured Articles, Forex ExchangeComments Off
Dollar Rises in Advance of FOMC G 20 Meetings
21 September 2009
Dollar Gains More Than 1% Against the Yen The US dollar rose on Monday against the Japanese yen as investors pulled back from bets against the greenback in advance of the Federal Open Market Committee meeting and the G 20 summit scheduled later this week. The dollar vs. yen rate gained slightly more than 1% although [...]
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Dollar on the Defensive
17 September 2009
Aussie and Kiwi Dollars Big Winners The US dollar remains on the defensive as investors get out those forex converters and seek higher yielding currencies. Two of the biggest winners have been the Australian and New Zealand dollars and the Aussie dollar is now at a one year high. Rising stocks in the US and Asia [...]
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Fed to Slow Asset Purchases
13 August 2009
Fed Says Economy is ‘Leveling Out’ Stocks extended recent gains and US Treasury prices declined affecting currency exchange rates. The Fed issued a positive but cautious statement saying that economic activity is ‘leveling out’ but that the economy is likely to remain weak ‘for a time.’ Kathy Lien of GFT Forex said, “The outcome of this [...]
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