Monday, February 13, 2006

Pivot points

I just completed a webservice that calculates pivot points for major FX pairs. Try it out with USDJPY. The data backing it is downloaded and cached from Forexite Ltd. You can swap the symbol in the URL for different sets of pivots. You can also append .txt or .html at the end of the URL to specify the output format - the default is HTML.

Sunday, February 12, 2006

Foreign Exchange

Over the Christmas holidays I discovered forex trading. This is the practice of buying and selling large amouints of foreign and domestic currencies and speculating on changes in the price. I have spent much of the last several weeks reading books on the subject of technical analysis and accumulating a small hoard of resources to help me understand how to trade. I have opened a demo account with Alpari, a russian forex site (don't worry Mom, they don't have my money yet) and am attempting to learn how to play with the big boys.

I have started a blog to track my trading progress. You can watch my progress as I battle my way through a $1.5 trillion market.