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Category Archives: Forex
Short USDCAD @ 1.0654, Stop 1.077
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 [...]
Comparing Trading API from 6 Online Forex Brokerages
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 [...]
Forex Trading: Income or Capital Gain Tax in Canada?
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 [...]
Lucky exit for CAD/JPY long yesterday, downtrend resumes now?
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:
Paper trade: Closed all CADJPY long @ 88.40 for +152 pips
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 [...]

My name is Paul and I am a full-time engineer, part-time trader. Back in 2000, I deposited my $5000 interest-free student loan with an online broker. Since then, my interest in trading has become an obsession.
Closed USDCAD short @ 1.06525, breakeven