Obama’s Re-election and What it Means for American Forex Traders
It’s no secret that most American Forex Traders were “hoping” for a “change” in leadership in Washington since 2009′s Dodd-Frank Reform Act came into effect, limiting our freedom and profitability. Now that President Barack Hussein Obama’s second term is all but certain, what does this mean for the regulatory environment already stifling retail currency traders [...]
Harmonic Pattern Trading
Harmonic Pattern Trading is an intermediate strategy that involves seeking out patterns in price history that may indicate an impending reversal. Harmonic Patterns include Bat, Gartley, Crab, ABCD and a few others that form and quite often precipitate an retracement or outright reversal in trend. We have quite a few discussions outlining this method and [...]
Trading Leverage, Dodd-Frank, and You!
The Dodd-Frank consumer protection act had sweeping and far ranging changes in the ways Big Banks deal with the public and have had a great number of beneficial effects that do indeed help the consumer and the American economic system survive. An untintended side effect that the Dodd-Frank Act had was to limit the amount [...]
Trading Forex is Different From Stock Trading
A member brought up in this discussion that there is a clear delineation between what we do as over the counter (OTC) Foreign Currency Traders, and what stock traders, brokers, and other dealers do. Inevitably, we are in fact our own fund managers that deposit our capital into a “broker” who is merely a virtual [...]