Well, that's true, but not.Apparently the markets are closed from Friday at 4:00pm EST until Sunday at 5:00pm EST. I don't know about you, but that sounds like a 48 hour closure to me. Sure, there is only one day that trading does not occur, but that is semantics.A 48 hour closure means that you can trade 24 hours a day for a period of five days straight.A minor point, but I'm sitting here in

Well, don't do this!I fell asleep last night before putting a loss limit on my USDCDN position. I could have lost my entire account balance if something disruptive had happened. Bad investor, bad.However, upon dragging my sorry behind to the computer, with much trepidation, I found I was in the positive. So far, FOREX is my friend. I know the shoe will be dropping soon... especially now that

Surprise, surprise, I've been involved in yet another trading session. This time, due to my reading, I decided to add a stop and a limit after completing my purchase. I'd never done this before and wasn't sure how easy it would be to do. One more small step on my road to knowing what I'm doing:B USDCAD @ 1.0565S USDCAD @ 1.0571 (L)While not all that exciting, I should mention that I only

I've been doing some reading, while waiting for prices to move up and down so I can get in and out of the market, so it's possible that I'll start to use industry terminology within the next few weeks.The best introductory site I've found so far is the Babypips.com offering. As I learned just the other day, a pip is a single movement point in the price of an issue being traded.Anyway, during

This morning I was quite simply very lucky. I had been having network troubles and was not able to watch my position closely for several hours:B EURUSD @ 1.3625B EURUSD @ 1.3612B EURUSD @ 1.3606B EURUSD @ 1.3603B EURUSD @ 1.3597When I did finally get my network fixed, I was sitting pretty with:S EURUSD @ 1.3650 (x5)Wow, I'd just turned $100.33 into $121.03 in a morning. Can you believe the ~20%

While I'm sure it will prove my amateur status as a trader here are some details of my first evening with my new toy:B EURUSD @ 1.3656 S @ 1.3657B EURUSD @ 1.3647 S @ 1.3651B USDCDN @ 1.0620 S @ 1.0619 ***Yeah, big time gains. Approximately $0.33 in my pocket after an evening of anxiously watching the charts.I learned an important lesson on the USDCDN trades. First, the spread, or the

Well, believe it or not, I just signed up for a FOREX account. I plan to blog my experiences (whether gains or losses) and perhaps help introduce some other people to this interesting world.Late last night, on the spur of the moment, I decided to create an account, jump in, and get my feet wet. I'll blog about the details later today, but while a little bleary eyed this morning I was $0.33