Why do some forex traders empty their accounts within a few months while others earn honest or even significant profits? What character traits comprise the effective forex trader? More importantly, what can the currently ineffective trader do to change that status? The ability to shrug off a financial loss, possibly a substantial one, without allowing [...]

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This forex trading week saw a return of risk aversion and high volatility due to crude oil supply issues and rumours of further bank writedowns and profit losses. Equities indices slumped worldwide, accompanied by soaring commodities prices and strengthening of the safe-haven currencies as carry trades were once again unwound. Crude oil spiked above US$140/bbl [...]

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