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Day: January 2, 2012
January 22012
Aussie Rangebound Today in Thin Trading
Aussie is trading rangebound today, for the most part, with low volumes. Right now, Aussie is seeing some support from an improvement in gold prices, but other uncertainties have currencies floundering, looking for direction. Additionally, with equity markets in the United States and in Great Britain closed today, thin trading is providing little help in the way of direction for currencies. As a result, Aussie is fluctuating between gains and losses […]
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January 22012
Japanese Yen Continues to Gain in Forex Trading
Japanese yen continues to gain in Forex trading. Indeed, yen closed out 2011 at highs not seen for years — and not seen for a decade in the case of the euro. Japanese yen is in demand as continued global uncertainty sends traders looking for safe haven. Indeed, even with the problems faced by Japan in 2011, including a massive earthquake and tsunami, the yen remained strong. Japanese financial leaders intervened in the Forex market multiple times, […]
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January 22012
Do You Scale Up Your Positions?
Following my recent post on “scaling in” in Forex trading, I’ve decided to learn the opinion of my readers about this technique. I’ve already asked about “scaling out” (closing positions partially) a month ago and the results surprised me with more than a half of voters being pro partial position closing. So today, it is time to find out your opinion regarding adding to a position, whether it’s winning or losing […]
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