Stocks & Commodities V. 25:4 (14-17): Forex Focus: Recycle Your Data by Patrick S. Nouvion

Stocks & Commodities V. 25:4 (14-17): Forex Focus: Recycle Your Data by Patrick S. Nouvion
Item# \V25\C04\065NOUV.pdf
Availability: In Stock

Product Description

Stocks & Commodities V. 25:4 (14-17): Forex Focus: Recycle Your Data by Patrick S. Nouvion

Access to foreign exchange trading has opened up exciting trading options for the retail trader. You can now trade alongside corporations and institutions in a highly liquid market that is global, traded around the clock, and highly leveraged. Before jumping into this market, however, we must understand the factors that affect the forex market. With that in mind, STOCKS & COMMODITIES has introduced Forex Focus to better prepare the retail trader to participate in the currency market.

My job has always been to design new tools for traders, and though I am a trader myself I still find it difficult ó because most everything has already been done, and done repeatedly.

You see, the challenge in my position is to create something that is new and useful. You often see variations of the same concepts and tools. Unfortunately, these are often of no help and no better than the originals. For instance, the moving average convergence/divergence (MACD) indicator was defined with 12- and 26-period exponential moving averages (EMA). People insist on changing the parameters of the averages periods as well as the method and refer to it by a different name. And this is just one example.


Being a foreign exchange trader, my attention is primarily focused on the forex market. Lately, the buzz has been about the Commitment of Traders data (COT). I programmed a few indicators that would read the COT data and import it into the Interbank FX Trader 4 platform. While COT data certainly has its merits, it is something new and useful for the forex trader. I thought we might have overlooked something that was a little more obvious and just as useful, if not better.

As a currency trader, if I were to use some data not directly related to the forex market, my choice would more than likely be oil prices, gold prices, the Nikkei index, and other values that have a proven and direct effect on the currency market. Even the US dollar futures contract data would be useful to have an overview of the dollarís strength and help me trade based on currency pairs.

*Note: $2.95-$5.95 Articles are in PDF format only. No hard copy of the article(s) will be delivered. During checkout, click the "Download Now" button to immediately receive your article(s) purchase. STOCKS & COMMODITIES magazine is delivered via mail. After paying for your subscription at users can view the S&C Digital Edition in the subscriber's section on

Take Control of Your Trading.
Professional Traders' Starter Kit
All these items shown below only $299.99!
  • 5-year subscription to Technical Analysis of STOCKS & COMMODITIES, The Traders' magazine. (Shipping outside the US is extra. Washington state addresses require sales tax based on your locale.)
  • 5 year access to S&C Archive
  • 5 year access to S&C Digital Edition
  • 5-year subscription to Advantage.
  • 5-year subscription to Working Money.
  • Free book selection.
  • Click Here to Order