What is Federal Open Market Committee ( FOMC ) The branch of the Federal Reserve Board that determines the direction of monetary policy. The FOMC is composed of the board of governors, which has seven members, and five reserve bank presidents. The...
Topics: FOMC

{"title":"Term For The Day","post_url":"http:\/\/blogzone-trading.blogspot.com\/2009\/11\/term-for-day.html","feed_url":"http:\/\/blogzone-trading.blogspot.com\/feeds\/posts\/default?alt=rss","author":"bhing","date":"2009-11-12 03:19:00","summary":"What is Federal Open Market Committee ( FOMC ) The branch of the Federal Reserve Board that determines the direction of monetary policy. The FOMC is composed of the board of governors, which has seven members, and five reserve bank presidents. The..."}

Our boss once invited us into his office to discuss a trading program that he wanted to set up. "I have one rule only," he noted. Looking us straight in the eye, he said, "no excuses." Instantly we understood what he meant. Our boss...
Topics: forex trading rules, no excuses

{"title":"Forex Trading Rules: No Excuses, Ever","post_url":"http:\/\/blogzone-trading.blogspot.com\/2009\/10\/forex-trading-rules-no-excuses-ever.html","feed_url":"http:\/\/blogzone-trading.blogspot.com\/feeds\/posts\/default?alt=rss","author":"bhing","date":"2009-10-19 03:17:00","summary":"Our boss once invited us into his office to discuss a trading program that he wanted to set up. \"I have one rule only,\" he noted. Looking us straight in the eye, he said, \"no excuses.\" Instantly we understood what he meant. Our boss..."}

If there is one inviolable rule in trading, it must be "stick to your stops". Before entering every trade, you must know your pain threshold. This is the best way to make sure that your losses are controlled and that you do not become too...

{"title":"Forex Trading Rules: Risk Can Be Predetermined; Reward Is Unpredictable","post_url":"http:\/\/blogzone-trading.blogspot.com\/2009\/10\/forex-trading-rules-risk-can-be.html","feed_url":"http:\/\/blogzone-trading.blogspot.com\/feeds\/posts\/default?alt=rss","author":"bhing","date":"2009-10-11 23:48:00","summary":"If there is one inviolable rule in trading, it must be \"stick to your stops\". Before entering every trade, you must know your pain threshold. This is the best way to make sure that your losses are controlled and that you do not become too..."}

Novice traders who first approach the markets will often design very elegant, very profitable strategies that appear to generate millions of dollars on a computer backtest. The majority of such strategies have extremely impressive win-loss and profit...
Topics: forex trading rules, mathematically optimal, psychologically impossible

{"title":"Forex Trading Rules: What Is Mathematically Optimal Is Psychologically Impossible","post_url":"http:\/\/blogzone-trading.blogspot.com\/2009\/10\/forex-trading-rules-what-is.html","feed_url":"http:\/\/blogzone-trading.blogspot.com\/feeds\/posts\/default?alt=rss","author":"bhing","date":"2009-10-02 01:09:00","summary":"Novice traders who first approach the markets will often design very elegant, very profitable strategies that appear to generate millions of dollars on a computer backtest. The majority of such strategies have extremely impressive win-loss and profit..."}

In a currency pair, the first currency in the pair is called the base currency and the second is called the quote currency. Currency pairs can be separated into two types, direct and indirect. In a direct quote , the domestic currency is the base...
Topics: currency pair

{"title":"Why isn't the EUR\/USD currency pair quoted as USD\/EUR?","post_url":"http:\/\/blogzone-trading.blogspot.com\/2009\/08\/why-isnt-eurusd-currency-pair-quoted-as.html","feed_url":"http:\/\/blogzone-trading.blogspot.com\/feeds\/posts\/default?alt=rss","author":"bhing","date":"2009-08-31 22:18:00","summary":"In a currency pair, the first currency in the pair is called the base currency and the second is called the quote currency. Currency pairs can be separated into two types, direct and indirect. In a direct quote , the domestic currency is the base..."}