So I’ve decided to expand my portfolio and trade the GBP/AUD and the GBP/CHF. So a few things I do before placing any trades on a currency pair that I have never traded before.
I watch price action. And I watch it for a couple weeks.
I am a swing trader and the daily chart is my bible and foundation for all my trading decisions. I study the daily chart for 3 things:
On the hourly chart, I study the current price action. I’ll check for support and resistance and draw Fibonacci levels to see how price behaves or behaved at those levels.
I think the most important aspect of any pair’s fundamentals is how the central banks stack up against each other.
It can be argued that you should trade a new currency pair in a demo account before you trade it live. I think it depends on a trader’s level of comfort and expertise to make that determination. It might be prudent, however, to trade smaller positions as you get to know the pair and how it moves and reacts to news releases.
This checklist can be adjusted depending on a trader’s style and preferred timeframes. But I think it is a good approach to any new trading or investment vehicle.
“Finally, after 40 years of wanting to have a voice in media, we find our selves in the era of YouTube and we decide to pick a fight over cable channel access? Don’t they see that Comcast bought NBC not for the broadcast channel but for Hulu? Comcast’s growth is in broadband (Internet access) not cable TV. NCAAOM is simply falling for the “O-ke-doke.”
Comcast to have Zero African American Owned Channels? « Black Web 2.0
READ THIS ARTICLE. This quote is from the comments of the Black Web 2.0 article on the lawsuit that the National Coalition of African American Owned Media (NCAAOM) is bringing against the Comcast-NBC merger.
It’s bigger than African American. It’s about NET NEUTRALITY. And what are we going to do about it.
It wasn’t long ago that mobile phones had weak browsers and 3g was a network that the carriers built but without the “killer app”.
Smartphones with amazing browsers changed all of that. The web is the killer app. The browser on iPhone and Android are incredible and only getting better.
So if you are building a consumer web service these days, I highly encourage you to think of the mobile experience right away. Don’t think of mobile as something you’ll get around to doing one day. It has to be a high priority.
That doesn’t mean you have to build a native Android or iPhone app. It really depends on the service. I can’t imagine an app like Bump working without a native app while Techmeme mobile web site is amazing. It often comes down to whether your app requires access to local iphone resources (camera, address book, etc) or not.
At the very least your application/service should be optimized for mobile browsing experience and has an open API.
That’s the minimum these days.
Completely agree.
“The increasing speed and variety of media can paralyse or empower.”
If we make news in haste, we are likely to repent at leisure - Times Online
But it’s here to stay and is an inherent characteristic of new media. That fact that a journalist (anyone, some would argue) can spread any story as a breaking story before the facts are even ascertained is a power that we have all dared to flirt with. The next generation of power is empowered by this new super-speedy media to empower (or paralyze) the herd.
“The Internet has taught me this: don’t be afraid of sharing your ideas. Don’t be afraid of engaging others to voice their ideas. And more importantly, don’t presume who is and who is not a creator — because we all are.”
“Unless Congress embarks on far-reaching change in public policy to maintain the viability of journalism as it evolves online, we will soon find ourselves with the remnants of a broken industry incapable of providing the knowledge necessary to manage life in a complex world.”
I am a woman born to Nigerian parents, walking with God, interested in art and technology yet passionate about economics, investments, and capital markets.
At 30, I started this site to be a collection of all that and more forming an eclectic collection of real information. Read more.
"Faith might do, accomplish, and create a lot. In fact, it does."
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