Category Archives: Forex

Closed USDCAD short @ 1.06525, breakeven

By Paul | Published: August 31, 2010
It seem that USDCAD isn’t about to die just yet.  My USDCAD short got stopped out at breakeven this morning.  In fact, the pair is still struggling around the descending resistance line as shown in Figure 1.  It made a higher low so I won’t be surprised if it cracks higher. The reason why I [...]
Also posted in Aussie, Kiwi, Loonie | Tagged CAD, exit, USD | Leave a comment

Short USDCAD @ 1.0654, Stop 1.077

By Paul | Published: August 25, 2010
This is my first real forex trade after a year minus one day of studying the market and paper trading. Shorted USDCAD based on the following intermarket observations: Yesterday’s equities sell-off held around S&P at 1050 Overnight Asian market seem orderly, not every market followed through, but most did European markets down move were slow [...]
Also posted in Aussie, Kiwi, Loonie | Tagged CAD, entry, short, USD | 1 Comment

Comparing Trading API from 6 Online Forex Brokerages

By Paul | Published: April 14, 2010
Choosing a discount broker for forex trading is time consuming. As the forex market is not centralized, choosing a discount broker is sort of like picking a stall in a farmer’s market. They all offer the same product, but prices, features, quality, and services can vary considerably between fx brokerages. One criteria that I consider [...]
Posted in Forex | Tagged API, broker, programming | 1 Comment

Forex Trading: Income or Capital Gain Tax in Canada?

By Paul | Published: March 8, 2010
I’ve always known that foreign exchange trading is treated as capital gain tax in Canada.  But just to be sure before filing my taxes soon, I’ve decided to double check the facts from Canada Revenue Agency.  As you know, the difference between income tax and capital gain tax is substantial.  Income tax is taxed at [...]
Posted in Forex | Tagged Canada, tax | 3 Comments

Lucky exit for CAD/JPY long yesterday, downtrend resumes now?

By Paul | Published: February 22, 2010
I booked my profit on my CAD/JPY long last night mere pips away from the top.  It was a lucky move, that’s all.  Now it looks as though CAD/JPY will do one of the following:
Also posted in Aussie, Kiwi, Loonie | Tagged CAD, JPY, market analysis | Leave a comment

Paper trade: Closed all CADJPY long @ 88.40 for +152 pips

By Paul | Published: February 21, 2010
CAD/JPY reached my target of 88.00 last Friday.  It broke through 88.00 nicely and tested 88.50 on Tokyo open just now.  I decided to book my profit in the demo account on this CAD/JPY long position entered at 86.88 and 87.87.  See Figure 1 for the 3-hour chart with the entries and exits marked. Main [...]
Also posted in Aussie, Kiwi, Loonie | Tagged CAD, exit, JPY, long, paper trade | Leave a comment