I have a very basic question.... If you buy a currency future contract such as JPY and the contract is moving up, does that mean the US dollar is getting stronger and yen weaker, or the other way around? Thanks for any help.
LOL... Nitro, can you name a time that there was not any crooks in the market. The game has always had crooks, it is the nature of markets. Just be happy that the volatility is back, easy money.
This chart shows a reversal of large and small traders from net long to net short. Any views on how to interpet this change? I wonder if it could be a sign of the rally topping out.
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Thanks for your reply.... my question was posted in response to another thread where many are discussing how they doubt the possibility of making $300-$400 per day. I am wondering how people view it from the flip side.
The 10 Best Quotes From Wall Street 2:
#7 On buying a house in 2007
POOR MAN: I'd like a mortgage... I don't really have any money though... is that cool?
BANKER MAN: Totally cool. Since housing prices are always going up it won't be a problem.
POOR MAN: You guys are awesome...
There are several different sections in each issue, each with their own author.... here is Sam`s for this week; http://www.tradingacademy.com/lessons/20100126/featured_article.htm
What is the point of trashing her decision of taking the class after she has already paid the money? Might as well encourage her to get the most out of it that she can.
If your a newbie, the class will teach you how to push the buttons and use money/risk management, which could keep someone...
learningTrading,
I wish you good luck in your upcoming class with OTA and hope you become profitable but the best OTA has to offer if given away free on their website.... Go through the "Lesson from the Pro`s archives and read the portion written by Sam Sieden and you will learn everything...
We should get a pullback. Key reversal candle yesterday and neg divergence of CCI on daily chart.
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I live in WA and have never heard of anyone paying B&O tax on trades. Unless you apply for a business license the state wont even know your trading, we don't file any income tax forms here.