Topical stories around Forex and Trading

Trading Discussion
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I am going to use this thread to post articles I come across that may be of value to forum members.

There is no specific topic, just what I feel is of interest.

I may even make the odd comment if I feel necessary.

Here is one to kick things off, and hopefully is of value to the complete beginner - who may have been drawn into Forex due to marketing gimmicks.

Remember - beginners are the cannon fodder of the broker industry - and no tactic is beneath them.

Always be wary - and temper enthusiasm in the very early stages.

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Good idea, there could be lots of value in the strangest places sometimes too :slight_smile:

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In my last blog post, ‘It ain’t easy being a Gold bug’, I mentioned that gold and silver often get slammed in the Japan session by the cabal of they.

What I failed to mention is the slamming usually takes place first thing Monday morning in Asia.

Well, it looks like the cabal has been at it again.

There was hardly a blip in the rest of the commodity space - just the precious metals. Tinfoil hat wearers the world over will be screaming the evil JP Morgan is at it again.

And it sure does look like something dodgy just happened.

Now before anyone starts to think the trendlines have been broken and its safe to go short the metals, most of the smart money aka the swaps dealers will be covering their shorts at these levels, just as the dumb retailer says ‘the trend is down’.

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