TravelEx - 27 Aug 2008 Wednesday

Woohoo... Grads Read Below! (rem what I said few weeks ago about Tharman's speech.. hint hint

Sing Dollar >>

"The Singapore dollar extended early losses and dipped 0.6 percent against the U.S. dollar as market players speculated the central bank may shift its monetary policy away from battling inflation towards one more supportive of growth."

Summary: Volatile, Time Frame: Many Months, Remark: USD/SGD has always been a volatile pair due to tight stops, especially now in a cross-currents market. There are higher probability pairs out there.

Copyright Travelex Currency Commentaries - Do Sign up at their link, via http://www.financeyourpassion.com/client/

Summary from ihtLabs

Economy Update

Grads - Remember we talked about the "speech" for the Singapore economy in the past few sessions? It looks like it is gaining momentum. Are you ready? Adjust your Wealth Portfolio accordingly, or join Finance Your Passion - http://www.financeyourpassion.com/ to get your portfolio ready for the economic change.

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[ADV] - Are You getting inconsistent trading results? Join the No. 1 Forex Foundation School in Singapore - We have the most value for money, across 8 weeks of tutorials and structured curriculum with homework, guidance and only one goal - to make you a confident, consistent part-time Forex Trader. Call us at 61002264 to speak to our Education Consultants to assess your suitability or visit us at http://www.financeyourpassion.com/fx/ to read more.

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TravelEx - 25 August 2008 Monday

>> Dollar

"The greenback briefly trimmed gains against the euro in a knee-jerk reaction to Federal Reserve Chairman Ben Bernanke's comments that a stable dollar and falling commodities should help slow inflation this year and next. Bernanke's remarks at an annual Fed symposium in Jackson Hole, Wyoming, prompted analysts to reduce expectations of a U.S. interest rate increase this year, which could diminish the dollar's appeal to investors. However analysts said even without an interest rate hike this year, the dollar would probably continue to recover. "

Summary: Up/Probably Short-Term Volatile, Time Frame: Many Months, Remark: Quiet Turn arounds is always the most profitable, and also the most easy to misjudge. Ensure your Risk Management is in place, and get out if its a mistake.

Copyright Travelex Currency Commentaries - Do Sign up at their link, via http://www.financeyourpassion.com/client/

Summary from ihtLabs

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[ADV] - Are You getting inconsistent trading results?

Join the No. 1 Forex Foundation School in Singapore - We have the most value for money, across 8 weeks of tutorials and structured curriculum with homework, guidance and only one goal - to make you a confident, consistent part-time Forex Trader.

Call us at 61002264 to speak to our Education Consultants to assess your suitability or visit us at http://www.financeyourpassion.com/fx/ to read more.

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TravelEx - 19 Aug 2008

>> AUSSIE

"All eyes are on the minutes of the Reserve Bank of 's (RBA) August board meeting due to be released later today. At the meeting, the bank kept rates unchanged at a 12-year high of 7.25 percent, but signalled it saw scope for lower rates ahead. "

Summary: Down, Time Frame: Few Weeks, Remark: General Unknown, don't overload positions

>> SING

"Likewise, the Singapore dollar inched up by 0.3 percent against the greenback, but traders expected the U.S. dollar uptrend to continue and cause weakness in some regional currencies. The Singapore dollar usually moves in tandem with the euro against the U.S. dollar because of the euro's high weight in its trade-weighted basket, analysts say. "

Summary: Up/Flat, Time Frame: Few Weeks, Remark: Illiquid Pair, Low R:R, Are you trading emotionally?

Copyright Travelex Currency Commentaries - Do Sign up at their link, via http://www.financeyourpassion.com/client/

Summary from ihtLabs

*WARNING* News & Commentaries are TERRIBLE as a strategic trading event!

*WARNING* News & Commentaries are TERRIBLE as a strategic trading event!

There are 2 key ways to trade in any market.

Speculative vs Strategic

Every trading system in the world falls somewhere within this spectrum.

There are key differences between these 2 types of trading.

Some examples include:
(i) Ease of skill level required.
(ii) Consistency of Returns
(iii) Relationship to Volatility
(iv) Lifestyle Patterns

For each category, the trading systems will react differently. E.g. Volatility can be very good and very bad, depending on the system you use.

If you are currently, learning and studying very hard, and yet not getting consistent, clear results, you are probably mixing up different elements from each area.

This is painful and expensive.

I won't go any further on this, if you want to know more, call up our Education Consultants at 61002264 or email us via http://www.financeyourpassion.com/fx/

Whatever trading system you are using now, cross-reference with the elements above and be aware of your blind-spots, because all systems *will* have blind spots! If you think yours is perfect, then your blind spot is very blind.

oh yeah!

I digress.

News & Commentaries inherently carry the expectation of going against you. For Grads, remember to use this info in the blended analysis, and not as a pivot factor.


Cheers,


Winston

News, Commentaries & Other stuff *I* think is important!

This site is mainly for graduates of our Forex For Retirement 8 Week Tutorial Course, nonetheless, I left it open to everyone to check up on it!

Will update it, as and when I see interesting news or commentaries.

For Grads - Email us through your primary email address, and you get direct access to us!

For Friends of Grads - Feel free to browse our site at http://www.financeyourpassion.com/fx/

We focus on a Complete Foundation in Forex Trading, to ensure your skill lasts a lifetime!

No gimmicks, no secrets, just complete certainty and consistency.



Cheers,


Winston