Cover Story Jack Schwager: Chronicling trading excellence By Daniel P. Collins Jack Schwager saw early on that it takes more than technical knowledge to be a good trader. Through his “Market Wizards” books, he has given an inside-look at what makes a trader great. View Past Issues | Subscribe Editor's Note Sticking points By Ginger Szala April editor's note from Ginger Szala Markets The new “new normal” in FX By Daniel P. Collins With central banks publicly decrying currency manipulation, the forex markets are returning to a semblance of normalcy. What will that mean for 2013? Forex Trader How high for the USD/JPY? By Ashraf Laidi Currency traders are well aware of the spectacular advances in USD/JPY since last autumn. Does the rally have more legs? Traders have mentioned 97 and 100 yen. But how about 105 or 120? Market Analysis Jobs trump bubbles at the Fed By Steven K. Beckner Concern has been growing among Federal Reserve officials that the Fed’s low interest rate policies are causing excessive risk-taking in search of higher yields, but that doesn’t mean the Fed is about to abandon its employment goals. Options Strategy How do I protect myself in a rising market when I write covered calls? By Alex Mendoza Simple. Roll the call. Trader Profiles Ovsepyan: Managing a global forex team By Daniel P. Collins The Sharpe Signa LLC Managed Currency Series takes a true global macro approach to trading foreign exchange. Book Reviews A Capitalism for the People: Recapturing the Lost genius of American Prosperity By John Siewers III Book review. God & Man on Wall Street: The Conscience of Capitalism By Patrick Kelly Book review. Industry Trends Traders’ View: The craziness isn’t over By Steve Zwick With debates raging about high-frequency trading, new regulations and a transaction tax, there is plenty for traders to keep an eye on. Trading 101 7 steps for test-driving forex brokers By Michael McFarlin Forex traders have fewer regulatory protections, so it’s important to choose your broker wisely. Start your due diligence here. Trading Techniques Between extremes: Trading with channels By Bramesh Bhandari Bramesh Bhandari explains how to draw price channels on a chart, and how to use them to time trades. Casting neural nets into modern markets By Murray A. Ruggiero Jr. Murray Ruggiero explores enhancing an already successful trading system with neural nets, while understanding their limitations. Seize the day with forex calendar spreads By Paul D. Cretien How to capitalize on current relationships between key currencies and interest rates using option calendar spreads. What’s your (market) type? By Billy Williams Recognizing if the market is moving up, down or sideways is key to success. Moving averages can help. Avoiding trading paralysis by analysis By Kevin J. Davey It’s easy to become overwhelmed by too many performance measures. Know what matters in your performance report.