Canadian Dollar became very active yesterday- it fell. Seemingly without any news it started to drop about the same time my last update was posted. And these were not small swings one could consider a noise, but rather large, couple hundred pips moves, pretty much across all pairs. Something Bank of Canada has been gunning [...]

Bank of England joins an ever lengthening list of central banks which support weal local currency. Unlike, say, Reserve Bank of New Zealand, or Swiss National Bank, BoE finds itself in much more comfortable position in regards to its desires- Pound is already in shambles and falling even more. BoE governor, Mr. King, expressed content [...]

Some time ago I saw this post somewhere on the web-”What do traders need most”. My reply was “Patience and discipline”. I know, because I lack both of them. It is easy to equal trading success to performance of computer, or internet connection, or the broker and, my favorite, the “system”.  Everybody always chases newer [...]