Authors Posts by Steve Connell

Steve Connell

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Steve Connell has spent over 17 years working in the finance sector as a trader/market maker and strategist. Over that time he’s worked for several global banks and hedge funds. Steve has a unique insight into a range of financial markets from foreign exchange, commodities to options and futures.

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Because interest rates and the debt markets have such a significant effect in forex, it pays to keep a close eye on them. It isn’t enough just to wait for the announcements and guidance from central banks.

Carry trading: Short duration strategy

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In tactical carry trading, short-term "technical" trades are entered in the direction of carry interest. This allows interest income to be accrued.

Carry Income example

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A profitable carry trade involves selecting the right combination of currency pair and broker. This article looks at the factors a trader must consider.

Trading economic calendar

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If you’ve ever tried to trade on the economic calendar, you’ll know just how demanding and frustrating it can be. In fact, many avoid...

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An Anti Martingale system does what many traders think is more logical. “Martingale in reverse” hangs on to winning trades, and drops losers. If that sounds better, read on.

Learning Martingale trading system

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Martingale: What is it and how does it work? In this post, I talk about the strategy, it’s strengths, risks and how it’s best used in the real world.

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Over trading is a common trap that new traders fall in to. If you’re an over active trader it can have dire consequences for your wealth.

Currency rate manipulation: Bloomberg

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Barclays is the latest bank to suspend traders in an alleged “massive” foreign exchange rate rigging scandal that involves manipulation of the daily closing fixes.

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A dual grid is a play on the grid trading theme which I’ve talked about before on forexop. Here we place our buy/sell legs at the same price levels.

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What is grid trading? The basic idea is very straightforward. Instead of placing one trade, we place multiple trades forming a grid pattern.