Sunday, February 24, 2008

Forex Carrier

Individual currency speculators can work during the day and trade in the evenings, taking advantage of the market's 24 hours long trading day.
The dollar showed a mild growth against the euro today even after the trade balance report showed the widening of the deficit. Against the Great Britain pound the U.S. dollar also went up, with GBP/USD hitting the lowest value since march - 1.9481, but lost the most of the gain after the trade balance release.
Recently I was reading about the random walk hypothesis and I've got interested in this idea. So, I though that it would be really fun to develop a MetaTrader expert advisor that will trade completely random. No indicators or other ways to base the forecasts on the past data, just a plain "coin flipping". After several days of coding and testing (testing mostly) the myRandom expert advisor was ready. It enters the positions based on the 0.5 probability for each direction; it has also six parameters to control its trading. I am not sure if someone will use it on their real account, but backtesting showed some positive results - so everything is possible. Please, contact me if you get some interesting results with this EA. an Welsh presents Has the Dollar Hegemony's Tipping Point Been Passed? posted at The Agonist, saying, "Being the standard
reserve currency mattered. Knowing when the switch is occuring will be important for betting the trend."

Vahid Chaychi presents Is Forex a Suitable Job for Everybody? posted at Weboma.com, saying, "Forex is good job but it is not suitable for everybody. In addition to knowledge and experience, it needs proper mental and psychological situation.

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