Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Tuesday, the 12th of February.
TONIGHT - STATE OF THE UNION
I will be a guest on CNBC Asia, live from Washington DC shortly after the State of the Union Address on "Cash Flow" around 10pm ET, tonight (Feb 12th). I will be discussing President Obama's speech and what effect it will have on the markets. I hope you have time to tune in and watch.
You have probably heard the terms "currency wars" and "race to the bottom" to describe what has been taking place in the world currency markets in the last few years. Today, we will be looking into a market that is bigger than all of the US equity markets combined and trades over four trillion dollars a day! Continue reading "Today's Video Newsletter: Money Makes The World Go Around"→
Today, we are dissecting and examining one of my favorite markets ... the Forex market. The Forex market is the biggest in the world and is traded on a 24/7 basis.
What makes these markets so exciting is the fact that they have a very strong tendency to trend, that is, once they get started in one direction they tend to continue in that direction for some time.
I learned how to trade Forex in the trading pits of Chicago where I was a member of the IMM, a division of the Chicago Mercantile exchange. The CME has grown dramatically over the years, and I have many fond memories of trading in the old exchange in Chicago. Today, you can trade the stock of the CME (NASDAQ_CME). That's a good idea for our next video, let us know if you would like to see a video on trading the stock of the CME.
Today we are exploring the relationship between the Euro and the Dollar (EURUSD). In this short video, which we are making available without cost or registration, you'll catch a glimpse of a conservative way to trade the Forex markets. This approach will detach you from your computer screen and show you how to enjoy your free time without having to worry about the markets.
I would not recommend this movie if you are risk adverse. Trading in Forex, the futures markets, and in any market for that matter always has an element of risk.