Forex Trading Guru is one of a family of blogs with Taipan as the owner and editor.

Taipan is a retired commodity broker, forex trader and portfolio manager who after many years of active involvement in trading activities still enjoys following the forex, stock, and commodities markets and drawing upon his 40 years or so of trading experience to post articles to a series of blogs.

While Taipan is not always right with his forecasts he usually offers some interesting insights into markets. Actually if he weren’t so modest he would tell you that in the big strategic picture he is almost always right. Taipan is very distrustful of statements made by stock brokers, stock analysis, so called forex experts, and in general talking heads.

The investor who thinks that the playing field is level and that he can depend upon MSNBC and CNN for inside trading information has got to be at least a little nuts. If you want to trade well you had better develop your own style and your own sources of reliable information.

This blog will attempt to provide market trading information that will be helpful. However, always keep in mind that any decisions made to trade using this information are your sole responsibility. Taipan has been around long enough to know that the markets can make a fool out of anyone so never blindly follow what someone else suggests. To trade well you have to think well and the thoughts need to be your own.

To visit another one of our interesting family of financial related blogs go to Taipan Investor

A live forex data feed for the major currencies will be found at Saxo Bank. Please note that this link is provided as a service only. We are not associates with Saxo Bank in any way.

To receive live quotes on a frequent basis may we suggest that you open at least a practice account with one of the major online dealing firms. There are a number of them that will allow you to open an account and use their trading platform to see how well you like and perform using their system.

It’s a good way to get used to the forex trading software before putting your own money at risk.

You should also get a good idea as to the service that you will receive from the firm. If you are a new comer to trading forex starting out with a practice account is a very good idea.

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Over the last five or six years the National Futures Association ( NFA ) has taken great interest in foreign exchange trading operations.

One of the primary reasons for the NFA’s interest was that with the growth of online trading companies there was for a number of years a large number of unregulated questionable operations, many operating outside of the United States,  that were involved more in separating their clients from their money than in legitimate trading operations.

The efforts of the NFA and the Commodities Futures Trading Commission ( CFTC ) have gone a long way to clear up the abuses that were all too common in the online forex trading industry only a short time ago.

However, as new traders are constantly entering the forex market and may not be aware of the potential for abuse the NFA continues to monitor the industry and publishes guidelines as to how traders can better protect themselves.

A very useful and informative Forex Online Learning Program is free to anyone online who wants to review the information. This is an excellent resource that I am pleased to recommend to you.

It makes for interesting reading even if you are an experienced forex trader.

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Forbes magazine has been around for a long time. It was one of my must read magazines way back when in my college days.

Well, after all I was a finance and real estate major. And I did read, or at least look at, a few other famous non financial publications of the day.)

Today forget about the print media. Forbes and other print media publications that have withstood the test of time have finally figured out that they had better have a sharp web operation to operate and stay afloat in the 21st century.

The Forbes web operation covers a good number of markets including currencies and commodities. As you would expect from Forbes there is extensive stock market coverage.

Take a look. The Forbes folks seem to have worked hard at putting together a creditable online operation.

See what you think.

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The forex trading business has changed tremendously since I made my first forex trade way back in the 1980’s. In those days the costs of data feeds and market news feeds were so expensive that except for big players trading from home or from a small business was prohibitive.

The cost of Reuters, Telerate, and other services could easily be several thousand dollars a month. There was also the problem of finding legitimate banks or counter parties for your trades that would accept smaller accounts. And by smaller I mean anything less then seven figures.

Even then many banks would accept a forex trading account only on an accommodation basis. Which meant that you had to have a sizable amount of other business and deposits at the bank in order to be accepted for forex trading.

There were forex dealers, mostly out of Asia, who catered to the smaller client but most of these were bucket shop operations and best to be avoided.

As you can tell the good old days were not so good for smaller forex traders. How things have changed in the past 25 years.

Now you can run a search online for “forex trading” or “forex trading system” or just “forex” and find a large number of firms eager to accept your account and forex trading business, even if it is small potatoes.

Your choice of a good forex broker or dealer is important to you. Take your time to research each firm of interest. The following are a few things to consider: