FX EDITOR’s note “One is fuitful only at the cost of
being rich in contradictions.” Friedrich Nietzsche
Te forex market is going through a phase of contradictions.
On one hand, the major currencies are evolving in tight ranges, which is quite surprising considering the importance of recent monetary policy decisions such as the FED announcements regarding tapering and the extent of rate rises in 2015; or the ECB readiness to engage in the next
round of easing
with expectations that QE will be launched sometime in the next few months; or the recent Eurozone banking union plan, which is incomplete and doesn’t include a Europe-wide deposit insurance, which is fundamental to protect depositors’ money. In this edition Kevin Sollitt, Ellen Brown and Stewart Richardson bring light on these events and how they might impact the market.
On the other hand - as low volatility leaves more time to refine one’s strategy - the debate between fundamental and technical trading is also becoming fiercer and fiercer. You will find in this edition that some of the best performing traders and renown forex experts have very opposite views on this subject. Are news the fundamental market movers? Or are cycles dictating events? This is a very interesting debate. At FX Trader
4 FX TRADER MAGAZINE April - June 2014
Magazine, we believe that the strategy which gives traders the strongest edge on the market includes both the capacity to trade the news and define precise entry and exit points through the use of technical analysis.
Our columnists share their diverging opinions and trading methods: In his article “How to Trade the News
side, Charles Nenner and David Gurwitz go back to the Rothschild family to show us that the news is not what is running the markets, but cycles are. Whereas Tad DeVan - who explains how to pinpoint trading opportunities using the Stochastic RSI indicator - considers that “the goal of utilizing any trading indicator is to improve accuracy and ease of market technical analysis when plotting our next winning trade”.
Fundamentalists shouldn’t miss Alessandro Balsotti’s article, who detects, once again, an interesting currency move, by
analyzing
the change of behaviour of the PBoC’s, and explains why the Yuan is entering a new troubled phase.
Te third aspect which greatly influences a trader’s performance
Effectively” Jarratt Davis - one of
UK’s most successful forex traders since 2008 - shares the ideas traders need to implement to make the right trades at the right time. In an exclusive interview, John Bollinger tells us that “technical analysis and robust trading systems are a way to minimize the impact of emotions in the trading process” and explains why he recently released a new set of Bollinger Bands tools to refine the use of Bollinger Bands technical indicator. On their
is psychology. Steve Ward, who trains professional traders in major financial institutions, describes in another great article, the ideal trading state and gives you practical exercises to reach it.
I hope this issue will inspire you and will guide you through the various trading methods and point of views of our market experts. Enjoy it before volatility picks up again!
Emmanuelle Girodet
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