PUBLIC MARKS from polyxena

When you’re learning your way in the forex trade, regulation is something in the small print to be glossed over.

opinion is divided, or even against, using MA crossovers in forex as a general rule. As with all trend-following systems, it’s going to work well enough if the market is subject to a strong trend, but will be less effective when the market is range-bound.

Or ‘no interest’ accounts - more common nowadays across the internet are spot forex accounts that do not levy or pay swap interest. These are often referred to as an “Islamic Account” - because Islam prohibits the levying or paying out loan interest, which a forex trade is taken to be

Instructive to look back a couple of years to an interview given by J Welles Wilder - in which he states the unpalatable facts about market-making - although it should be remembered he’s talking in regard to general investment, not specifically about the forex market.

Consider the situation if you’re dumb enough to think about letting someone else handle your investments. Yes, I’m thinking towards Bernard Madoff - crazy name, crazy guy - and Ponzi schemes. I had an interesting chat with a guy who knows about these things and his opinion was that these funds never started out as a Ponzi scheme, but due to structural weakness that’s exactly what they had to turn into in order to keep afloat.

The principle of the martingale system involves a single initial bet - every time the bet loses, the wager has to be doubled up so that, given the time and opportunity, a single winning trade will recoup all previous losses and put you back into profit. An apparently 100% forex system.

Forex doesn’t do negative sentiment - if you reckon one currency is going to go down against another - well - buy the other currency. And you won’t be waiting for 2-3 years for a stagnant equity market to pick up again.

It’s never long when you’re starting out in forex before you come across a site offering an automatic forex trading tool. Avoid!

When you take a loss on a forex trade, the plain fact is you’re making an admission that you were plain wrong. And that’s uncomfortable - and that’s when all the avoidance mechanisms kick in.

The simple fact is, jaded, fatigued, your decision-making is not going to be better. There’s no argument against that.

What of the rumors? Rumors that, faced with a currency dropping like a stone, a lot of previous policy statements are going to be junked and the United Kingdom might make a relatively rapid emergency dive into the Eurozone.

Definitions of the Marubozu can vary…The majority view seems to be that marubozu = a candlestick with no upper or lower shadows. Some will use the term to describe a candlestick with one shadow, usually trailing the trend direction, so that an open (bullish) candle will have a lower shadow and conversely a bearish has an upper shadow.