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Boring, isn't it?

Just because you've got a nice, solid, grown-up stock portfolio doesn't mean you can't have any fun. Why not add currency trading into the mix at FOREX.com? It's fast, exciting, open 24 hours a day — and there are no commissions? But best of all, it's easy to get started. All you need is $250 to open an account. You can even try it out FREE with a FOREX.com practice account. Go to FOREX.com now. If you like to trade, it's the most fun you can have with your clothes on.

Clients in over 140 countries ■ $100 billion traded every month ■ NFA member, CFTC registered


44 Wall Street, New York, NY 10005 1.87ZFOREXGO (3673946)

FOREX.com is a registered Future* Commission Merchant (FCM) with (he Commodity Futures Trading Commission (CFTC] (NFA ID #0339826). Forex trading corries a high level of nsk and is nol suitable for all investors, 'FOREX,corn is compensated lor its services through llie bid/ask spread. © '2006 FOREX.com, All righls reserved.



A publication of Active Trader®

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Editor-in-chief: Mark Etzkorn [email protected]

Managing editor: Molly Flynn [email protected]

Contributing editor: David Bukey [email protected]

Contributing editor: Jeff Ponczak [email protected]

Contributing Writers:

Marc Chandler, Barbara Rockefeller

Editorial assistant and Webmaster: Kesha Green [email protected]

Art director: Laura Coyle [email protected]

President: Phil Dorman [email protected]

Publisher, Ad sales East Coast and Midwest:

Bob Dorman [email protected]

Ad sales West Coast and Southwest only:

Allison Ellis [email protected]

Classified ad sales: Mark Seger [email protected]

Volume 3, Issue 9. Currency Trader is published monthly by Techlnfo, Inc., 150 S. Wacker Drive, Suite 880, Chicago, IL 60606. Copyright © 2006 Techlnfo, Inc. All rights reserved. Information in this publication may not be stored or reproduced in any form without written permission from the publisher.

The information in Currency Trader magazine is intended for educational purposes only. It is not meant to recommend, promote or in any way imply the effectiveness of any trading system, strategy or approach. Traders are advised to do their own research and testing to determine the validity of a trading idea. Trading and investing carry a high level of risk. Past performance does not guarantee future results.

▼ Marc Chandler is the head of global foreign exchange strategies at Brown Brothers Harriman and an associate professor at New York's School of Continuing and Professional Studies. From May 2001 through Oct. 1, 2004, he was chief currency strategist at HSBC Bank USA. Prior to HSBC, he was the chief currency strategist at Mellon Financial, a senior currency strategist at Deutsche Bank, and the director of research at EZA Associates.

▼ Ezechiel Copic ([email protected]) is a currency analyst at IDEAglobal in New York. Prior to joining IDEAglobal, he served as a currency analyst at MG Financial Group as well as a research associate at Economy.com. He holds an masters in international political economy from Fordham University as well as a bachelor's in international relations from the University of Pennsylvania.

▼ Barbara Rockefeller (www.rts-forex.com) is an international economist with a focus on foreign exchange. She has worked as a forecaster, trader, and consultant at Citibank and other financial institutions, and currently publishes two daily reports on foreign exchange. Rockefeller is the author of Technical Analysis for Dummies (For Dummies, 2004), 24/7 Trading Around the Clock, Around the World (John Wiley & Sons, 2000), The Global Trader (John Wiley & Sons, 2001), and How to Invest Internationally, published in Japan in 1999. A book tentatively titled How to Trade FX is in the works.

▼ Howard Simons is president of Rosewood Trading Inc., and a strategist for Bianco Research. He writes and speaks frequently on a wide range of economic and financial market issues.

▼ Cornelius Luca is the author of Technical Analysis Applications (2004, McGraw-Hill), Trading in the Global Currency Markets (2000, Penguin Books, second edition), Technical Analysis Applications in the Global Currency Markets (2000, Penguin Books, second edition), and Introduction to Technical Analysis (1997, Euromoney).

▼ Howard Simons is president of Rosewood Trading Inc., and a strategist for Bianco Research. He writes and speaks frequently on a wide range of economic and financial market issues.

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