Forex Charts

I'm a believer of both fundamental and technical analysis when it comes to trading both currencies and stocks. I believe that the technical statistics provide the latest trading trends and reflect the psychologies of the traders. On the other hand, fundamental stats offer us insights of the real currency and stock values.

One tool that I'm very impressed with is OANDA's FXEconostats. It is an interactive economic statistics graphical tools that display economic stats for an expanding number of major countries in the world. The data traces back to the early 90s and includes stats like GDP, interest rates, employment numbers, commodities, prices and indice, etc. Don't forget to check out other forex charts as well on their forex tools site.

Forex Industry Movers

I'm not sure if you have heard about the recent personnel changes at FXCM/DailyFX and GFT where GFT has basically done the improbable - stealing FXCM's top forex strategists and the faces of FXCM - Kathy Lien and Boris Schlossberg to join GFT.

I always thought that what makes FXCM good is the quality and quantity of their forex news service, and it is basically what drives me to their news site. I'm pretty surprise that the company would allow the top strategists and the founders of the site leave to their competitors (and what happened to the non-compete clause that usually comes with the contract?) especially they seem to have the biggest budget in the industry to support the top personnel.

Practice makes forex trading better

There are many forex traders out there, and it seems like this type of investment is getting more popular as days go by, thanks to the stumbling stock market and the ever changing technologies.

I have been trading currencies for 3 years now, starting out with practice accounts at different brokers, then started to learn more (unfortunately losing a bit on the way there as well), and it very interesting and exciting. I guess it was to my advantage that I have been studying in colleges and now a master degree at the local university which has provided me plenty of time to stare at the monitor and study the charts and trends.

I guess the steepest learning curve for any brand new forex traders is the initial discovery of the speed of the market changes. Even seasonal forex traders need to pay tons of attention to economic data and currency trading trends in order to succeed. Most people believe that the majority of forex traders lose money in this market, and I tend to believe this idea.

Before really throwing money at the forex brokers, new traders should really get to know the software and their own strengths and weakness before proceeding to trade with a live or real account. There are plenty of free practice forex trading accounts provided by the major forex traders like FXCM, AC Markets, OANDA, FXClub, etc. Practice your skill and update your forex knowledge first, and you will thank me in the future.

Happy forex trading!

First forex post

Welcome to my forex blog - Forex Trading 888.

My name is Jimmy, and I have been trading currency for a while.

Not that I think I am an expert in this field, but I believe I have enough experience to share with all the forex traders out there. Aside from forex trading, I might also talk about other money making topics, or things that happen around me.

Please visit often and enjoy my posts.

J