Not only is trading hard to master on a day to day basis, but it is extraordinarily difficult to maintain performance over the long term.

Currency markets continue to churn with everyone clueless as to how our economic future will turn out.

The question that we must ask each time we trade an economic release isn’t whether the result has beaten expectations, but whether the news is tradable or fadable.

For now, the markets continue to give the benefit of doubt to the dollar.

Will the stimulus succeed?  That will be the central question driving the currency market in the next few weeks.

As all industrialized economies continue to battle the growing global economic crisis by further easing their monetary policies, what becomes the dominant value to drives trade?

Although the British pound has been in decline since the turbulent markets of last fall, this latest freefall carries a whiff of true panic.

The dollar's rally was in no way a vote of confidence on the US economy, which continues to crater as unemployment increases and consumer demand falls off the cliff, but rather simply a referendum on what's less horrible in the currency market at the present time.

Boris Schlossberg has three key points for 2009 in the currency markets.

After rising by a staggering 10% in two days, the EUR/USD fell just as quickly stopping out both longs and shorts in its wake.