One of the reasons why I like trading FX is because it tends to trend for a lot longer than your usual equity, so there is usually a good direction to it. But it can be a killer because trades are denominated in 0.0001 increments, so one can easily be stopped or whipped out. Nonetheless, it has been a great place for me to cut my teeth and improve my skills as a technical analyst. Another great benefit is that there is a good Yahoo site called Lords of the Forex where people from all over the world share their ideas. Sure, every now and then it get spammed by get rick quick trading program adverts, but the moderators do a great job weeding them out and I have made some great friends on this site, and if you are into forex, I suggest you check it out here.
I am just mesmerised by the latest in earnings reports over in the States right now, but my position hasn’t changed. Still standing aside and waiting, because I don’t trade on news and noise.
