Forex blog: Forex Blog by Lloyd - Stock Markets Are Finally In A Turning Point

Saturday, November 22, 2008

Forex Blog by Lloyd
Scouting for Success in the Forex Markets
http://www.scoutforex.com/
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Stock Markets Are Finally In A Turning Point
During this volatile time, it's important to stay on track no matter what. It's all about capital preservation and reducing risks during tough market conditions. It's important to honour stop-loss levels and there is no reason to fight the markets without a proper trading plan.

There is something extraordinary about this market. At present, the forex markets are greatly affected by the performance of stock makets. The latest dip in the US markets has significantly changed the daily normal operation of the forex markets, especially during the month of November.

All daytrading systems are facing a uphill battle due to the current situations. Nonetheless, my major-pair system still ended breakeven for the week, and +260 pips on the month.

The cross-yen system took a hit while 100-pip program gave back some of its gains during the last 3 days. This gave me an indication that we're about to see a shift in the market sentiment to go short the US dollar and buy into the recovery in the stock markets.

This markets presents a great buying opportunity if you got a bunch of cash left waiting to speculate and invest.

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