Eurobanks Stress Test

I'm not qualified to write about these stress tests. What i know is last year a similar stress test was also conducted on US banks with positive results. We do hope so for the eurobanks. Here's the link:

Intermarket Relationships? Sound sexy to me.

There is an interesting article i read on the Saxo Banks website about intermarket relationships. Worth a read. Here's the link:

http://us.saxobank.com/en/education/forex-education/pages/intermarket-relationships.aspx

A little update on life.

After a very hectic class hopping (changing groups to suit my personal schedule). At last I'm settled. But the final class schedule is not something i liked but must do with. I ended up with two 4 hours night class which start at 6pm till 10pm Malaysian time every Monday and Thursday night. That sucks.. catching on yet?

For new traders, the time taken up by my night class is the time where London and New York session overlaps. Huge trading activity occurs during this hours. Not to mention the plethora of data that are released within the time span. For Monday it is still okay as trading are still going slow. But on Thursday, trading are just on full throttle.

Hmm.... let's not forget that i'm still a student and my primary focus should be on my studies. I'm quite confident on my skill to improvise. Not to mention that i got myself an old pocket pc with data plan. Thus, Long Live Mobile Trading!

Why trade only the major pairs for beginner?

Been a long time since I updated this blog. This post is dedicated to beginners in Forex Trading. When I said major pairs, what I mean are the EUR/USD, GBP/USD, and USD/JPY. Now, the dollar-yen pair is quite special and interesting pair as the New York and Tokyo trading hours NEVER overlaps, this leads to possible high probability trades during certain condition but let's leave that for another day.
For beginners, it is a good thing to just focus on the major pairs. There is a few reasons for this. First is the availability of data, analysis and banks commentary on the happening in this 3 countries which is US, UK, and Japan. You can only trade if you know what is happening such as what the market movers are (stocks, bond, interest rates).
Secondly, these three pairs are volatile enough most of the time. Those tasty pips only gonna add up if the market is moving up or down, not sideways.
Thirdly, focusing on just a few pairs can do you good. Remember that we are human with very limited abilities. Learn a few pairs well, they all behaves differently from each other. By really getting familiar with a pair very well. You will develop subconscious mindset which will improve your trading. For example, you will know what is the best time to trade the pair, how it react to news, and the range of movement during the day.
Well. That's all I can whip up on this pocket pc while being sleepy. Happy trading for the week to come. May you become pips magnet as well as chicks magnet with all the moneys you generate.