As hundreds and thousands of articles have been written on the subject of trading the markets, and with the emergence of new financial instruments every day, I feel compelled to put together a dissertation on the most important element of trading, the emotional effect.

There are many different approaches one could take to learn Forex trading. You could be self taught and accumulate experience. The problem with this is the time frame it will take you to accomplish this, the profits you will lose while teaching yourself and it is certainly not guarantied that you will ever gain all the knowledge you need to be profitable.

How Did the British Pound Trade in 2008?

The British pound was one of the worst performing currencies in 2008.  It fell to a 6 year low against the US dollar and record low against the Euro in addition to selling off against every other G10 currency.  The overwhelming weakness in the currency is a direct reflection of the impact that the credit crisis had on the UK economy.  In the month of December, many currencies recovered against the US dollar, but unfortunately the British pound was not one of them.  Although the pound could continue to weaken in the first quarter, the government’s aggressive fiscal and monetary stimulus should help the country recover towards the end of 2009.

The trading strategies are based exclusively on technical analysis and are short term with a maximum time horizon of 3 to 5 days.

The philosophy behind the Today's Trading Signals (TTS) is to take low risk, high return positions with tight stops. That means Financial Trend Analysis (FTA) focus the most on placing the right stops.

The Andrews Pitchfork is yet another one of my "secondary" trading tools. My "primary" trading tools include basic trend lines and chart patterns, trader psychology and fundamental analysis.

The so called "green shoots" seen this spring have emerged as "less bad" data show the economic decline has clearly slowed its descent. April saw the stock market move sideways, consolidating a 30% gain off the recent market lows, even as the 10-year and 30-year Treasury yields surged above 3% and 4% respectively.

EUR The pre-planned break-out variant for buyers was implemented but with loss of several points in the achievement of minimal estimated target. OsMA trend indicator,

EUR.The pre-planned long positions from key supports were implemented with the achievement of minimal estimated target. OsMA trend indicator, in spite of rate overbought, having marked the preservation of bullish activity priority gives grounds for preservation of buying priorities for planning of trading operations for today.