Here's are the responses to this week's questions! Keep on posting and we will respond next Friday.

Kathy and Bors' Q&A 05-24-07 Responses

Hi Everyone,

Please note there seems to be slight issue with the recording for the first 4 minutes or so. Please just use your mouse cursor to fast forward the presentation through the first 4 minutes and then the real Q & A will begin.

Thank you for your understanding.

DailyFX Forum

When looking at chart time frame for a range trade, do you look at the daily, hourly or what time frame?
When looking at chart time frame for trading a news release, do you look at the hourly, 30 minutes, five minutes or 1 minute time frame?

Hello im really thankfull for your help regarding my stop-loss strategy. I must say i dont know how to trade news, so i depend on indicators. Is it possible that some pairs move according to indicators more than others ?
what i mean is does indicators , such as RSI (EMA) indicate more accurate signals in some pairs more than others ?

2nd q : what pairs do fluctaute faster and more often ?

Thanks a lot

Hi there,

I am new in fx. I always hear the term 'Carry Trades'. Can you explain what it is and how this relates to stock market and fx?

Thanks

Hi Kathy and Boris,

Thanks for your reply last week. I would like to know how does currncies move with Bond yeilds? As the markets tell me,there is a normalisation in the yeild curve that may squeeze some liquidity driving equities lower in the US. So how do bond prices,yeilds affect currencies and stocks?

Subsequently, fxcm is believe trades with FX markets..i wuld like to know if u do have any info about a platform that gives me access to Fx,Energies,Commodities and equity CFD's in any case?

Regards
Abhishek

While trying to find additional charting sources, I found some information on Dinapoli indicators. From what I can tell it uses a combination of Fibo Lines and Moving Averages in order to predict future entry and exits points. I am sure it is more complicated than that, but before I invest in the various software, books, seminars, etc., I was wondering what your opinions were on these indicators and if there were any recommended readings or study materials that would help and most importantly, be easy to understand.

Again, assuming these indicators are worth my money and time.


Thanks!

Boris and Kathy,
Thanks for your commitment to helping others learn.
My Question is about trader statistics. I apologize if this question is inappropriate and you are unable to answer it due to your involvment as a market maker.

1. What percentage of FX traders are profitable?
2. What percentage of FX traders loose all of their investment?
3. How many people trade FX for one month or less? one year or less?
4. What percentage of people hold positions for hours? Days? Weeks? Months?
5. Based on length of trades, which group is most profitable?

Thanks for your time,
Jonny

Hey Kathy, Boris,

While reading Monday's Trading the News about the US consumer Confident, one of the examples shows how after the 5 minute wait, the pair didn't follow your trading guidelines and didn't produce a signal. What are these guidelines?


Thanks again!!

Kathy & Boris

Could you comment on your experience of the DeMarks indicators and there applicability to the FX market?

Hi Kathy and Boris,

I remember reading an excellent article by Boris on correlation between Dow/stock markets and carry trades.

I'd like to read it again. Could you please provide the link here?

Thanks. Keep up the great work!

Mike

CAD/JPY: I JUST STARTED TO TRADE THIS PAIR, I AM TRYING TO DO MY HOMEWORK ON IT BUT ITS SEEMS NEW AND THERE IS NOT TO MUCH TO LOOK STUDEY THAT I CAN SEE. WHERE CAN I GO OR WHAT CAN I DO TO FIND OUT MORE ABOUT THIS PAIR???
THANKS YOU GUYS ARE GRATE KEEP UP THE GOOD WORK!!!

Hello
im new to forum and not sure how to post a question for the pros to answer- hope this works.
there doesn't seem to be a lot opinion on GBP/CAD and i struggle to get a sense of the us/cad versus GBP/CAD relationship if any. more tothe point what is short and medium opinion/forecast for GBP/CAD???
thx in advance
pogo11

Boris and Kathy,
Can you explain if there is any correlation between equity markets and the relative currencies? i read boris' article "Does Carry Drive the Dow" but am interested to know if those concepts hold true to other currencies.
Thanks

Hi, good morning. My name is Joao Paulo.

I started to trade forex just some few months ago. I read a lot about it, including "Day Trading the currency market" from Kathy and daily study of dailyfx.com stuff.
My question now is about fundamental factor in the seesaw of supply and demand.
Among the many fundamental factors that influence a currency pair movement, how to gauge which has more weight?
For example, Japan imports almost all of the oil it uses. Also, there is the carry trade, to take only 2 fundamental factors. For these 2, japanese yen supply increases, being like "bearish" for yen.
On the other side, Japan in one of the biggest exporters in the world, that's a factor for yen demand growth, that is "bullish" for yen.
So, which of these factors has more influence over one currency against other?

Thank you very much!
Joao Paulo.