Forex Crunches for the Weekend – October 23

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After a busy week of high volatility before a possible turning point, it’s the weekend, and there’s time to relax, sit back, and read some forex related articles. Here are my picks from around the web. Enjoy:

  • Larry Greenberg discusses price targeting in depth – an idea that Bernanke ruled out in Jackson Hole, but could become real soon.
  • Kathy Lien maps the opinions of Fed members towards the crucial decision about QE2 – the theme that hurt the dollar in the past two months.
  • Adam Kritzer dives into the correlation between Australia and China, and traders bet on China via Australia. We’ve see how China sent the AUD/USD down, and then up.
  • Casey Stubbs writes about tools that help traders.
  • Francesc Riverola provides quite a few interesting videos from the International Traders Conference. Boris Schlossberg is linked here.
  • Michael Greenberg reviews another forex social network – betrade.
  • James Chen teaches about correction projections – the second part is about initial target failure.
  • Andriy provides an in-depth review of a forex e-book titled “Trade Your Way to Financial Freedom”.
  • Jim Hunt shows that according to FXCM data, there’s a correlation between account size and profitability. And speaking about profitability, there’s one broker that really stands out of the crowd – with a positive profitability rate.

That’s it for now. Have a great weekend!

Have any recommended resources I should check out for long term forex articles? Let me know…

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About Author

Yohay Elam – Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I’ve accumulated. After taking a short course about forex. Like many forex traders, I’ve earned the significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I’ve worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts.

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