Thoughts before markets open July 1

3 1/2 hours to market open.

This week promises to be another cliff hanger with so much important data and events. From the starting block I expect volatility to be high and as one analyst put it, the Asian sessions which were previously low key  have been quite volatile from the time the NZ market opens.

So let's all be careful out there and as always, do your homework before trading. This isn't gambling or a game of chance. All your moves should be well thought out ones.

Glad to be here

Thanks to the Toywizard, I now have a little soap box on the web.

While I am excited at the prospect of sharing my experiences with Forex, I am also a bit apprehensive about whether it will be noticed at all. The prospect of disappointing readers is a very real one but then that comes with the territory whenever one speaks or writes in public.

I am new at this and I am truly a novice at Forex even after 5 years of involvement. So bear with me and let's go on and explore Forex through a laypersons eyes.

Who is the Forex Scribe?

The Forex Scribe was exposed to the wild and wonderful world of Forex trading more than 5 years ago when he was commissioned to write about Forex trading. While the Forex Scribe was well versed in the financial world as well as world economics, the retail Forex trading segment was largely unknown. And during the span of 5 years, the Forex Scribe went on to study the Forex market while writing articles about it. Eventually, he went into trading with demo accounts and several years back, began gradually trading with real money. No the Forex Scribe is not a rich trader, not even close. BUT he is a veteran of many margin closeouts, wrong decisions and some right ones. It's been a roller coaster ride, but the learning experience makes it worth it. Everyday, until today, the Forex Scribe learns something new because despite being in Forex for almost half a decade, he feels as though he is still a novice at it. The purpose of this blog is to share his experiences with forex. Hopefully on a daily basis but knowing how hectic trading can be, several posts per week would be a more realistic expectation. The Forex Scribe is no expert but that is why he decided to blog about. To offer an alternative view and opinion about the market, from someone who is for all intents and purposes, a layman. By doing so, it his hope that he can help his fellow laypersons get a grip on what the Forex Market is all about and how one can navigate safely through these sometimes treacherous waters.