FOREX? sounds greek to me...

In trading the stock market you should have a sound fundamental analysis of the stocks you are trading. You should have reasons why you are buying shares of stocks of a certain company, it could be a new products they'll be introducing to the market; a new contract that was just signed that will bring more revenue; a new CEO perhaps that could turn around the business in the coming years or probably a new acquisition or merger that will strengthen further their current market share. You can get this information from the company's website in most cases or from the stock exchange disclosures and Securities and Exchange commission.

But when it comes to trading forex it a new and different ball game. Here you buy and sell currencies at the same time. If you are looking to buy the Euro/USD or EuroDollar you are actually buying Euros and selling US dollar at the same time. Technically speaking you are expecting the Euro to move up in value against the US dollar or in another completely the same terms, you are expecting US dollar to lose value against the Euro.

Just the thought of it makes the forex market more complex than any market in particular...you say...but once you get to understand how this market works you'll find that it is not that complicated really.

To better understand how this market works I suggest you find time to read about it and if you have time this coming Feb. 9, 2013, Saturday, a successful Filipino forex trader and teacher is giving a forex orientation seminar. Mark So has a unique style in teaching how the forex market works altogether.

If you would like to learn more about forex visit their seminar site at http://www.topforexseminars.com/

DFNN - Denial For Nothing Notable...

It is likely for some traders to missed a screaming chart for reasons too many to mention...but

Here are some reasons why traders missed the obvious in the chart:

Hope - sometimes false hope
Fear - all sorts
Greed - too much of this is deadly
Pride - nothing is too BIG nowadays
Trust - sometimes blindly
Rookie - even if you have been trading for 5 years

But a GOOD TRADER will never let this kind of experience bring them down...they pick theme selves up and move on to find another trade, this time it should be a good one.

The gravestone doji followed by a big red candle is already a huge reversal signal and should have already triggered a sell/cut loss.

If you are still holding DFNN you should ask yourself Why am I still holding DFNN and at what price would I sell?

The elusive double digit seems to be very far in the picture. One should analyze further the stories about DFNN (share swap priced at P15, battle for board seat, etc.) and how it is perceived by the trading participants.

Well for us, we sold at P7.95 (9% loss) earlier and buy back at P7.75 and posted to sell at P7.95 for a quick profit to recoup some losses but sell order was not hit. We're now bearish for DFNN but will closely monitor for a technical bounce.

It is very good to keep a trade journal for future reference...

Stock Market (PSE) Blogs

Here are the other blogs that provide a good insight of what is happening in the stock market.

spicysiomai always surprises me with in depth analysis about latest market action. It is even monetize with a paid content (hope I can get in soon...for FREE).

facelesstrader another one of a kind blog that give you a different perspective of what is happening in the market.

immovableasamountain is a trading journal of Shingen Takeda, showing buy and sell for the day.

Happy Trading to Everyone...

still holding DFNN and MA.