Does Forex Trading Really Live Up To All The Hype?
If you’ve heard of Forex trading (also known as foreign exchange trading), great. It’s one of the hottest topics around right now and its popularity is growing. What is it, though, and how can you as an average trader make money in it?
Forex is also called “FX,” and both are short for “foreign exchange.” Foreign exchange doesn’t get a lot of press like options, stocks and commodities. However, foreign exchange is in fact the biggest market in the world and it can offer investors a huge opportunity for profit, done right.
When you trade in foreign exchange, you don’t trade in bonds or stocks. Instead, you trade in currency. Simply, you buy one currency and sell another. As exchange rates go up and down, you either make or lose money, depending on what you’ve traded.
With foreign exchange trading, you aren’t investing in a single company or group of companies, as you might with mutual funds, for example. Instead, you’re investing in a nation’s economy. You are betting that the overall economic health of one nation will get better as compared to that of the second nation in your “currency pair,” or the pair of currencies you are utilizing to trade.
As an example, let’s say that you are dealing with the Japanese yen and the US dollar. Your research seems to tell you that the US dollar is undervalued and will increase in price, and at the same time, the Japanese yen is going to lose value. With this scenario, you would execute a trade so that you buy US dollars and sell Japanese yen. If you are right and the exchange rate rises, you make a profit. If you’re wrong and the exchange rate falls, you’ll lose money.
It sounds easy, but it’s really not. Currency prices can be very difficult to forecast, because so many factors contribute to a shift in exchange rates. You also have to remember that you always trade in pairs when you do currency trading. In effect, you sell one currency while simultaneously buying another. Therefore, you can’t just look at one nation’s economy; you have to look at the economies of both nations you are working with.
Finally, you don’t have to limit yourself to just one pair of currencies, such as the US dollar and the Japanese yen. In fact, there are many currency pairs you can work with. If you’re just starting out, though, stick to the seven major currencies listed below:
AUD - Australian Dollar
CAD - Canadian Dollar
JPY - Japanese Yen
GBP - British Pound
CHF - Swiss Franc
USD - US Dollar
EUR - the Euro
In fact, if you are a small investor, you’re likely just going to concentrate on these currencies; save the other currencies for more experienced and/or larger investors.
Ian Armstrong is an avid Forex enthusiast.
Ian strongly recommends reading the free beginner’s guide available at Forex Beginner’s Blueprint - it’s a must for anyone who wants to try Forex without losing their shirt!
Ben Bernanke Squirms in Fed Hot Seat
The Fed chairman, Ben “Helicopter” Bernanke, is in the hot seat now. The markets are once again focusing on the next meeting of the Federal Open Market Committee (FOMC) set for Tuesday and Wednesday of this coming week. The Fed is expected to hold interest rates unchanged at this meeting but is clearly in an uncomfortable position.
Inflation is roaring ahead at serious rates of increase and the Dollar is in danger of a collapse on forex markets, which would seem to indicate a need for the Fed to start increasing interest rates. However, increasing interest rates with a soft economy underway, a badly deteriorating housing market, and businesses starting to lay off workers at higher rates would probably throw the economy into a deep recession that the Fed has been fighting hard to avoid. After all, this is an election year.
Ben Bernanke is an avowed advocate of a more transparent Federal Reserve and reactionary, anxious markets are the byproduct. Without the mysterious Alan Greenspan at the helm, the curtain has been pulled back on the Fed to reveal Bernanke as a clear, direct economist who admits he has no crystal ball. Ben Bernanke is a super active nanny and he is already supporting the elite financial interests that have created this speculative bubble in the first place.
Over one trillion Dollars have already been made available to the banks and the brokerages to protect them from their own excesses and to attempt to forestall a deflationary rigor mortis. If these bail out operations had not been taken, if the financial system itself were transparent, the house of cards would surely collapse on us all and the people would lynch Bernanke and any other rich jerk on Wall Street and in Washington that they could get their hands on. Bernanke must not rest well at night knowing just how fragile the financial system still is.
Wall Street’s positive reaction to the appointment of Ben Bernanke is yet another example of how completely clueless most investors are when it comes to the Fed and the precipice over which America’s economy now teeters. Bernanke’s time at the gallows may yet come as one mistake in policy may send the economy over the precipice whose depth is a big unknown. Probably the fall will be a long hard one and fairly or not Bernanke will get the lion’s share of the blame.
Gold, historically a reliable harbinger of inflation, this year set an all-time high of more than $1000 an ounce. The dollar is languishing at near a record low against the euro and a weighted basket of international currencies. Housing prices are still falling, actually tanking is a better description. Gold has gone from $700 to $930 (was $1000), while the dollar has absolutely tanked with only a few “talk it up” rallies along the way.
The current dangerous level of inflation is not all an oil problem but oil does seem to be the new punishing force in markets to those governments, like the US, that let their currencies become devalued. As the Dollar falls the price of oil heads higher. In a real sense oil prices have taken on the function that the gold market used to play in keeping governments from running printing presses at full speed. The more the US debases its currency as swift punishment the higher oil prices go.
Unfortunately, for the US and for the world, the US government hasn’t yet seemed to be fully aware of this linkage. Or perhaps it is aware, but the financial house of cards in the US is so shaky that high speed printing presses running at full capacity is the only course of action that the government feels that it can take in a misguided effort to avoid a financial meltdown.
High fuel costs are now starting to bite. Four airlines are out of business, Northwest finally had to merge and United and all airlines, except Southwest that was smart enough to hedge its fuel costs, are getting killed by fuel costs and are cutting back on flights and cutting back on employees. Truckers are getting killed too. A major part of the food and goods distribution system in the US is near a breaking point as truckers go broke paying nearly five Dollars a gallon for diesel fuel.
But back to Bernanke. Bush appointed him as Chairman of the Federal Reserve on October 24, 2005 and he was sworn in on February 1, 2006. The chairmanship for the Federal Reserve typically lasts 14 years. Bush, along with Paulson, have done a lot of talking about a strong dollar policy, yet the dollar continues to lose value. Talk long ago lost it impact on markets, except for perhaps fueling short term rallies that professional forex traders sell into. Hard corrective action is what the forex markets now demand if the Dollar is to move higher over the long term.
Wall Street at first thought that the Greenspan “put” would just morph into the Bernanke put. Like a spoiled child, Wall Street came to believe it could get away with any amount of bad behaviour without being punished. The indulgence shown by the Fed became known as the Greenspan “put” - as in a put option which allows an investor to sell shares at an advantageous price when they have fallen below the strike price. Like the Wizard of Oz, Alan Greenspan and other central bankers were hidden behind a non-transparent curtain to evoke an aura of omniscience.
Under Bernanke the curtain has been pulled away, as Bernanke and Trichet are seen as mere mortals trying to cope with a complicated and contradictory economic climate. However, Bernanke is now being criticized by taking actions more designed to bailout Wall Street friends than to bring on lasting solutions to US financial problems. At least that is how many investors see it.
In the end, Bernanke will likely be the poor guy who is stretched out to be drawn and quartered as the economy tanks and Wall Street and the Dollar crash. “Bubbles” Greenspan will be criticized as well as it is his policies while at the Fed chairmanship that lead to the creation of a major part of the financial mess that the US is now in.
But it is Helicopter Ben who is now in the hot seat and the fickle crowd who will be soon trying to survive a recession or worse will probably want their share of red Bernanke meat, including Bubbles Greenspan who as always will admit to no wrong and who will find fault with Bernanke’s leadership while defending his own sorry role in the financial debacle.
Gerald “Taipan” Greene is a retired forex trader and portfolio manager who worked in Asia for over 20 years. He now writes for a number of financial, political, and Internet business related blogs. One of them is at Learn to Trade Forex
How To Develop A Forex Trading Strategy
Are you interested in learning how to trade the Forex market? Learning how to trade the Forex market is not easy, but it is not difficult either. It doesn’t require a college degree or much studying on your part. Trading is all about discipline, willpower, and perseverance. It also takes a good, strong, Forex trading strategy to be successful in your trades as well.
If you understand exactly who you are as a trader, you will learn to trade to your strength. Trading to your strengths will only increase your effectiveness if you have a strategy to help you. There are thousands of trading strategies out there today. Just look in any search engine for a Forex trading strategy and you will find countless sites about this topic.
There are two basic forex trading strategies; trend-following and range-bound. Any trading strategy that you come across will use indicators and combinations, moving averages, chart patterns, candlesticks, pivot points, Elliot wave analysis, and the list can go on and on. Each of these indicators are simply to help you measure the trends in the Forex market.
If you can answer the following questions about yourself, you will be able to pick the strategy that is right for you and your trading. The first thing you need to understand or find out is who you are as a trader. Are you in to make quick money, or are you in for the long term? Pay attention to your trades and what the market is telling you. It is important to keep a journal of your trades and their outcomes. This will help you figure out the first question.
Second, I would imagine that you are using someone else’s strategy, aren’t you? Don’t worry, because, most of us are too! It is much easier to use a successful trader’s strategy than come up with our own. You must be very careful if you decide to change part of the strategy. I would recommend that before you change the strategy to your liking, you completely understand all aspects of the strategy through actual trading experience.
Third and most important, don’t jump from strategy to strategy. You should also stay far away from combining two or three different strategies. A lot of traders find themselves doing this and having no success. If you take the time and effort to truly understand the Forex trading strategy that you chose, you will be able to master the strategy and be a powerful trader.
So, at this point, you might be asking, which strategy is right for me? There is a very simple answer to that and it is, use the one that works! It really doesn’t matter if it is simple, or very complex. Pick a strategy that works and roll with it!
Bart Icles is an expert Forex trader. He has developed strong Forex trading strategies that he uses to successfully trade the forex market on a regular basis. Visit our blog to learn about a great Forex trading course and check out this Forex trading strategy hub page for more information.
Does The Perfect Forex Trading System Actually Exist?
It’s a well-known fact that many forex traders spend much of their lives seeking out the perfect forex trading system. With so much money to be made, particularly if you make full use of leverage, it’s hardly surprising, but does this perfect system actually exist?
Forex forums are full of newbies asking about the best trading systems and how they can start earning lots of money from forex, but they’re usually brought back down to earth by the other more experienced forum members. This is because there is no such thing as the perfect forex trading system unfortunately.
On these same forums you will often read about the latest and greatest forex systems but almost all of these systems eventually end up failing, despite initially looking profitable. It’s the same story with many of the commercial systems available online. They all have very impressive track records and look like very impressive systems on their sales page, but when you come to buy them, you quickly discover that they aren’t anywhere near as profitable as they claim to be. This is hardly surprising of course because if these systems were so profitable then they wouldn’t want to sell them to the general public.
The simple fact is that there is no perfect system. There are lots of systems that are capable of making a profit in the long-run, but even the very best systems will go through low periods and incur some losses in the short-term.
The key to being successful is to develop a system where the odds are in your favour for every single trade you make. This can be achieved by combining certain technical indicators so that you only enter positions where all your chosen indicators point in the same direction, so you can be confident in entering a long or short position.
You don’t necessarily need to trade a system with a high success ratio either. You can make decent money from forex trading just by developing a system with a 30 or 40% win ratio, for instance, if you have a solid stop loss policy and let your winning positions run.
It basically comes down to probabilities. If you have probability on your side for every trade you make then there’s no reason why you shouldn’t make money from forex trading. You don’t need to constantly be on the lookout for the latest and greatest trading system. It’s very often the simple tried and tested systems that are the most profitable in the long run.
Click here to learn more about James Woolley’s forex trading system and to read a review of Zulu Trade, the revolutionary forex signals service.
Closely Guarded Secrets to Forex Signal Success
Forex Signal Trading is one of the easiest methods for successfully entering into the world of Forex Trading. Forex Signals are basically nothing more than a pre-made order that comes complete to your inbox. In this way, you can begin earning money immediately while greatly reducing the financial risks associated with Forex trading.
When you are starting out with any program, you need to start small. Suffering that is brought about from one failure after another will only lead to discouragement and despair for most people. When you toss in the loss of large amounts of financial capital or an entire life savings in addition to that, the entire experience only gets worse. Using Forex signals allows you to begin earning money right away while putting you in touch with other traders just like yourself.
You receive one email each day. You take the signals that are given to you, sign into your online forex trading account and place your order. After that, all you have to do is go about your life as you normally would. If you want to study and learn more about Forex trading, that option is certainly open to you. However, you can still continue earning while you learn rather than chasing after poor investments with money dug ever deeper from your savings.
Even if you have absolutely no desire to attempt to master the Forex market, you can still earn money though. That is perhaps, one of the most wonderful aspects of Forex Signals trading. All of the work is done for you, all of the complex formulae and data are analyzed, broken down and all of the results are set on the proverbial silver platter for you to use and earn with. Your primary concern need only be acting on the signals in a timely manner. This will insure that you are able to enter the market before any of the major deciding (and profitable) factors have changed.
If you do have a desire to learn, that does not mean that you should learn at your own expense. With Forex Signals, you can begin earning money immediately while you get to know those other investors who are in your same circumstances. You can compare notes and learn without it costing you any real money. If you are tired of playing games with your financial future, you should learn more about trading using Forex Signals.
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Obtain Real Forex Trading Education
When you want to succeed in a stock market business and if you are new in this kind of market endeavor, then it is essential for you to obtain resources that are designed to provide ideas on stock market for beginners, a real forex trading eduction, stock market quotes, etc.
When we talk of forex trading, there are many resources for ‘beginners forex trading’ out there to help you learn the ropes. There are online educational programs, seminars and even one-on-one training available. However, sometimes the best way to learn is the old-fashioned way: by reading a book on stock market for beginners.
The marketplace abounds with forex books– forex trading education, and many new traders find them the best avenue to learn because it allows them to re-read passages as many times as necessary to fully grasp the concepts. Imagine asking the speaker at a large public seminar to repeat himself and you can see why a book has its many advantages!
The question is, which foreign exchange trading education of forex book should you read? Like any other area, the forex trading world has its share of hucksters and liars. Be wary of any book that makes outrageous claims in its title or on the cover– those books that are too good to be true. If a foreign exchange book promises something that is too good to be true, then you have to be careful on that.
Keep in mind also of the book’s presentation. Is it an electronic-book sold by some guy off his Web site? Is it puzzled with grammar and spelling errors? Or does it appear to have been written and edited by professionals or those who are proven to be knowledgeable in the matter, and presented in an appealing, straightforward manner? You want a book that suits the latter description. It is more likely to be reliable and up-front about the advantages and disadvantages of forex trading.
Finally, when considering a foreign exchange book or forex trading education, it is worth taking a few minutes to Google the author’s name and see what comes up. Are there reviews of the book written by real readers or subscribers (not testimonials provided on the author’s site)? Has the author been mentioned in any news stories in major Internet news channel? Does he or she have any real-world stock market or foreign exchange foreign exchange trading experience, or do they just write forex books?
All of the considerations above should always be remembered when you want to join in stock market and forex business— most especially for beginners.
To read more,visit http://www.forexandstocks101.com/
Forex Signals Vs Forex Systems
Forex Signal Trading can and should be a very profitable experience. However, when you have to learn a complete system before you can start earning any money on a regular basis, the difficulties extend much further than just financial in nature. Any time somebody expects you to learn an entire system that they have created, there are numerous problems.
In our experience, we have only found two different types of Forex Trading Programs. We found some programs that were written by people who had been in the field for many years and we found programs that seemed like they were nothing but ancient material that had been recycled and regurgitated. Both of these types of Forex Trading Programs offered serious challenges to people just getting into the world of Forex Trading.
We did find some Forex Trading Programs that were excellent in both content and instruction. Yet still there was a major obstacle to overcome for the vast majority of people who were new to the world of Forex Trading. Without sharing those years of experience, it was very difficult for most people to catch many of the subtle nuances of these programs. Further difficulties arose from the fact that true masters in many fields often skip the little things.
Imagine Stephen Hawkings teaching basic mathematics to young students. He would be able to look at difficult problems and see the answer as clearly as you or I see traffic in the streets. Yet without an understanding of those problems that are so easy for the master to see, the student will find it nearly impossible to advance with any comprehension of the basic math involved.
Often times, the master will unknowingly or unwittingly skip steps that they understand as true and need no explanation to accept. While these steps may be as minor as to be completely inconsequential to the master, the student will not even see them, much less be able to put them in their proper place within the equation. When the equation is wrong, the answer is going to be wrong as well. When you are working on securing your financial future, you cannot afford to have an equation that has missing or even misplaced parts.
The other types of Forex Trading Programs and e-books we found were even more disturbing, especially for people who were not intimately familiar with Forex Trading. These books are often “written” by people who have no real knowledge about the Forex Markets. In some instances, this information was not only poorly written but included incomplete and outdated information as well. The problems that this can cause for someone investing their money in order to secure their financial futures should be obvious for you to see.
The major advantage of using Forex Trading Signals is that there is absolutely no program, system or method to learn. You do not have to worry about learning complicated and involved systems that may or may not work for somebody else. Each day, you will receive an email with all of your orders already in place. All that is left for you to do at that stage, is sign into your account and place your orders. Forex Signals effectively take all of the guesswork out of your financial investments.
It will be much easier for you to further your knowledge and Forex trading skills once you are already successfully earning money on a regular basis instead of losing your assets all of the time. Whether you are new to the Forex Trading Market or an experienced trader, working for the future is a lot easier when you are making money here and now. With Forex Trading Signals, you can begin earning today and work on learning once you have earned enough to make it worth your while.
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Online Trading: Don’t Lose Money!
If you read interviews with top traders, one of the common factors that you will find stressed repeatedly is the idea of not losing money. In Sport lingo, you have to be able to play great defense. Whether forex trading, stock trading, or doing trades in commodity futures, the bottom line is the same.
Yet too many beginner and intermediate traders are more interested in playing great offense first. They are more focused upon making lots of money in the markets, and not nearly interested enough in keeping the money that they already have!
However, the latter is critical to your success. Although it is obvious that in Trading, you have to risk money in order to make money, the idea is to control that risk so that it is always strictly limited and so that you remain in control of the situation at all times. In other words, we are talking about what the investment banking industry calls Risk Management. It is just as vital for the private trader at home as it is for the major investment banks.
The reason that investment banks regard risk management as essential is because without it, they would go bankrupt extremely quickly. It is at the heart of both their success and survival. Hence, if it is good enough for them, it should be good enough for you too.
Beginner traders have no idea of how to manage their risk, even as a concept. They put on a trade according to some poorly defined criteria, and when the market goes against them, they have no idea at what point to get out of the position and will let it worsen until it is simply too painful to retain.
The smart trader, however, places risk management at the heart of the entire trading plan from the very beginning. If you realize that in this game, the target is not only to make money, but also not to lose the money you’ve got, then you have made great progress before you even place your next trade.
Let’s put this a little more graphically. If you were to lose, let’s say for sake of argument, half of your trading capital, then you have a huge uphill task ahead of you. You will have to achieve a fully 100% return, simply to break even! You will have to do even better than a 100% return to actually go into profit. Now, if you realize that very few of even the sharpest hedge funds make 100% return on capital in a year, never mind all the other more mediocre players out there, you will realize what an outlandishly monumental task this really is.
Yet, if you were to ask many beginner traders, you will find that it is actually very easy to lose half your trading capital, or more, quite swiftly. You do this by placing too large a trading size in the first place, betting on ill-defined trading opportunities where your chances of winning are low, and then staying in the position for way too long when it is clear that it has gone against you and is not coming back anytime soon.
By contrast, the successful trader is very careful indeed about the sort of trading opportunities that are pursued and has done diligent research to identify high-probability trade setups. This trader clearly defines the risk in absolute dollar terms ahead of even initiating the trade, and places that limit as a stop loss against the position at the same time that the trade itself is placed. Hence, the trader has predefined exactly at what point in the market that the trade is a loser and has placed the exit order at the same time as the trade itself.
Another key aspect to this procedure is to limit the capital exposed to any one trade. Even following all of the above strategies would be absolutely no use if your trade size is far too large proportionate to your account size. If you enter trades where your potential loss represents one-third to one-half of your total account size, then you are almost certain to go bust within just a few trades!
By contrast, great traders ensure that their loss is not only predefined, but also small relative to their total account size. In this way, they ensure that they stay in the game. If a great trading opportunity comes up, but you cannot take advantage of it because you went bust, it is as good as if it had never happened. That is why you MUST play great defense, and ensure that you do your very best not to lose money.
You need to stay in the game. Remember, there will always be another trading opportunity, but only if you are still in the game!
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Technical Analysis Versus Fundamental Analysis
Those who participate in the Forex market have two basic schools of thought in regard to analysis. One is technical analysis and the other is fundamental analysis.
Technical analysis believes that prices tend to follow patterns. Therefore, if one analyzes past price patterns, one can more easily predict what prices will be in the future.
Fundamental analysis, on the other hand, studies a nation’s overall economy. Proponents of fundamental analysis focus on the “big picture,” and believe that price trends are best predicted to analysis of the various economic indicators; this, in turn, gives a picture of the overall economic health, which in turn helps one predict what the market is going to do.
Of the two, which is better?
Well, neither is, really. In fact, each has its strengths and weaknesses, and when you use both types of analysis and work in tandem with them, you’re going to get your most accurate picture. This in turn is going to make you a more successful trader. If you limit yourself to just one or the other, this can give you inaccurate results, which will lead to improper analysis; this, in turn, can cause you great disaster as a trader.
Why is this true?
If you utilize just fundamental analysis or technical analysis, you’re only getting half of the picture. Let’s take an example to illustrate this point.
If you are focusing strictly on technical analysis, for example, you might not put much stock in fundamental analysis, if at all. Your belief is that your price charts are your saviors, so that you have no need for economic indicators.
In studying your charts, let’s say that you see an opportunity coming up. Three or four indicators are telling you that there’s going to be a huge breakout. In fact, the United States dollar is looking as though it’s going to go on a rampage, and you want to get in on it early. So you make the trade, sit back, and wait to see what happens. Of course, prices will soar, right?
But instead of rising, the price drops 50 pips. What happened?
To provide yourself some distraction, you flip on the television, and there, lo and behold, is the US financial report. In fact, the latest unemployment numbers have just been released and the number is much higher than was expected. Simultaneously, one of the world’s largest companies has announced that its earnings were well under what it had forecasted, and sales are also expected to be sluggish for at least the next quarter.
These two elements have caused the price to drop instead of rise as you had expected. You would not have been caught out like this if you had utilized a little fundamental analysis along with all of your technical analysis and price charts.
However, you can’t use fundamental analysis alone, either. Fundamental analysis is great at giving a “big picture” view, which gives you general trends in price movement. However, you can’t get close enough in detail with this type of analysis to provide exit and entry points. For example, you may know that the Swiss franc will soon have a price increase, but you won’t know how much. You also won’t know when you should buy and sell.
Therefore, only by utilizing both technical and fundamental analysis in your trading system can you become a successful trader.
Ian Armstrong is an avid Forex enthusiast.
Ian recommends downloading the free beginner’s guide to Forex trading at Forex For Beginners
Foreign Exchange Trading Quick Facts
Forex stands for the foreign exchange market where large banks, central banks, currency speculators, multinational corporations, governments, hedge funds, and other financial markets and institutions buy or sell one currency for another. Much like stocks buyers seek to buy at the lowest available price and sellers seek to sell at the highest available price.
Forex trading is fascinating, but does bear certain financial risks. It is quite possible to play the forex money game as a winner, but there is also a risk of losing money, especially if you enter forex trading without a good understanding of how to read forex charts and how to recognize the type of news that moves markets. In forex changes in price levels often happen fast so you have to be prepared to take part in a fast moving game.
Forex is the largest financial market in the world, far larger in daily trading volume than the world’s stock markets. There is always an opportunity for you to make or to lose money. Forex is a 24-hour market, so 24-hour support is a must. When you trade you should be able to contact the firm by Internet and as a backup by phone, email, or chat. The speed at which you can conduct communications is important so you should make sure that all works well prior to trading with real money.
The forex market is a virtual network of currency dealers connected among themselves by means of high speed communications channels. Forex currency dealers are connected to leading world financial centres, and stay connected around the clock.
Currency trading (forex trading) is not suitable for everyone. It is speculative in nature and a substantial risk of loss exists. You can in fact lose all of your investment. Currencies are always traded in pairs. So if you are buying Euros then you would be selling US Dollars or some other currency concurrently. The price of the currency bought as compared to the price of the currency sold is called the exchange rate.
Currency rates are influenced by many factors, including political events and economic developments in national economies, as well as investor attitudes. If you are able to understand and analyze these factors as well as accurately interpret forex chart patterns you could make profitable trades in forex and make money while trading from your home or from wherever you choose.
Risk Disclaimer: Foreign currency trading on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, risk appetite, and the ability to take losses should you end up on the wrong side of the market a bit too often.
Gerald “Taipan” Greene is a retired forex trader and portfolio manager who worked in Asia for over 20 years. He now writes for a number of financial, political, and Internet business related blogs. One of them is at Learn to Trade Forex
