Broker News

We'd had a rough week here in deepest darkest Africa. Without warning, but with alarming unfortunate regularity, we've had what we call "?lights off" incidences. Boom! And the power is off. And not just me but the entire neighborhood, sometimes even the entire city, for hours and hours at a go. It makes living here (and trying to work here) a challenge, to say the least.

I like instant gratification. Scratch that, I love instant gratification. I like fast food, instant coffee, scratch-off lottery tickets, and instant messages. I don't want to wait for my food to be cooked or my coffee to perk or for numbers to be announced or for mail to arrive. If that means I'm immature, so be it. Patience is highly overrated anyway, I think. It's a virtue? Who cares? I've got plenty of other redeeming qualities. What? Let me ask around and I'll get back to you.

Switching Forex brokers is something that all traders do sooner or later. The reasons can be numerous, and varied to say the least. Perhaps you have gotten a bad deal at your present broker. It is also just as likely you are looking to trade a Forex brokers.

This has been a slow trading week for me, seeing as how an internet connection is a huge necessity to forex trading. Our internet service provider went AWOL for a few days, leaving me with lots of opportunities to profit from a depreciating U.S. dollar, but alas, no way to actually do it. Oh well, that's life here in Africa.

John Correnti is a full-time trader and part-owner of Currensys (www.currensys.com). Currensys provides traders with an objective trading system and a daily live trading room. DailyForex.com recently caught up with John and we discussed his journey into trading, Currensys and how he views the markets.

I'd had enough. I'd "?played" for a few days, doing lots and lots of simple trades in the demo mode. This is kids stuff, I think. I can solidify my Forex trading strategy as I go along; I'll just keep using my "?toe in the water" approach and it will be fine. Gulp.

One of the unique parts of the Forex trading world is the fact that it's most common trading platform was built with the EA, or expert advisor in mind. With a basic programming language built in, it is possible to build auto trading programs which allow the trader to go on about their lives while the platform executes trades for them.

So, here I am, a newly registered Forex trader, and I'm anxious to make my first million (in any currency, I'm not picky). First things first, I need the trading platform. This particular broker has two trading platforms, one is Java based, and the other is downloadable. Now, I'm all for Java, but only in a cup with lots of cream and sugar - so I opted for the downloadable version. A few minutes later, it's installed and I'm now the proud owner of a Forex trading platform!