by Rafael Rosa on July 30, 2010
Leverage is pretty popular in the currency trading world. Regulations typically allow traders to leverage themselves up to 50:1 or 100:1. Sometimes, there are online brokers that allow accounts to reach 400:1. In general, these capabilities only work to make you lose money as traders stack up on leverage and wipe out their accounts, fast. [...]
by Rafael Rosa on July 19, 2010
The decision day for the Canadian Dollar is almost here. On Tuesday (UPDATE: 9:00 AM Eastern time), the Bank of Canada will release its interest rate decision. The consensus is that the BoC will increase its key interest rate for the second consecutive time from 0.50% to 0.75%. The historical rates can been seen in [...]
by Rafael Rosa on April 26, 2010
Last week was a great week. I racked up 619 pips (highest tracked-week yet) on light trading. Some of the profits came from short Yen positions held over the weekend. A substantial part of profits also came from positions on the Canadian Dollar. Mid week I had recommended looking at the Canadian crosses for possible [...]
by Rafael Rosa on April 20, 2010
The Canadian Dollar went off-the-charts today as the Bank of Canada (“BoC”) speculated that rates may start going up in July 2010 (WSJ Article). To see the press release from the BoC, click here. I was short the USD/CAD & AUD/CAD crosses and long the CAD/JPY cross at the time of the release. Overall, it [...]
by Rafael Rosa on April 15, 2010
Yes, mistakes were made. On a realized basis, I’m roughly flat for the week. While my recent trades have worked out well, the EUR/USD and EUR/JPY (x2) trades that were held over the weekend just killed me. As mentioned in the last intraday weekly review, it was the wrong decision to keep them. The short [...]