Welcome to members new and old & a Happy Christmas and Prosperous New Year to you all.
Yesterday our resident ex
hedge fund trader, Fotis Papatehofanous (try saying that after a few
Christmas drinks :) posted his thoughts on the start of the Fed tapering
and in particular how he expects that to affect currency markets in the
coming weeks and months. Fotis gives a detailed study of the impact of
tapering on the Yens and how he aims to profit from them in 2014.
Last week Omar announced
his "project groom" - the goal of which is to help as many as possible
of you become more successful traders. Over the next few months he is
going to focus on trade management (many of you catch great entries but
then either lose or fail to maximise the potential of your trades). This
is a big project and should help any of you who are currently
struggling.
He will give you the
entries from a new system he has been helping to develop, YOU have the
chance to win prizes by successfully managing those trades.
All was explained in recent blog posts in the members area/Marc's blog.
You can find Omar & Fotis' posts here in the members area: CLICK FOR MEMBERS AREA
This week will be
different to normal due to the fact that the markets will be closed on
Wednesday and shortened hours Tuesday & Thursday.
Professional traders
around the world will now be on holiday and may will not return until
the 6th of January at the earliest. For amateur traders this season can
be very tempting to trade as they have some free time, best advice is
follow the pros at least this week. If you have free time then study and
if you need to be "hands on" then only do so with a demo account.
Risking real money this week is a mugs game, don't do it!
Once again have a great holiday, we will still be posting most days, look out for the emails