DailyForex Blog Reviews: CountingPips

By: Hillel Fuld

In this week’s blog review, we are taking a closer look at a Forex blog that has evolved into a full fledged website, and even a very impressive one, CountingPips.

Counting Pips started off as a blog when it was established 2 years ago by Zachary Storella. The declared goal of Counting Pips is to provide Forex traders with a place to find the most updated and relevant “Forex news, analysis, opinions and market information”, and from what I can tell, they are doing a fine job.

The site is clean and easy to use, which can be explained by Zachary’s past profession in web design. The site is updated regularly, and offers a perfect blend of the different types of information Forex traders need. Below you can read the interview I conducted with Zachary:

1. Please tell us a little bit about yourself including your name, your profession, and your location.

“My name is Zachary Storella, I am a Forex trader, blogger and website owner in the USA, north of Boston, Massachusetts. Before becoming involved inFforex, I was involved in website design and business development.”

2. How long have you been involved in the Forex market?

“I have been involved in Forex for 3 to 4 years of trading, blogging, running a forex website and learning the market.”

3. How long have you been blogging?

“I have been blogging for about 2 years now.”

4. Who is your primary audience?

“My primary audience is retail forex traders like myself. I started the blog so I could keep myself abreast of the important forex news of the day and it has expanded into a full website now.”

5. Why should someone read your blog?

“I hope that people will find useful information on our blog and throughout the website. I think someone should read the blog or visit CountingPips because we are always improving our content and trying to upgrade our site features.”

6. In your opinion, what are the main advantages of the Forex market?

“I feel that the sheer size of the market and liquidity is a major advantage. There are so many currency pairs to trade and so many strategies and styles to trading one can seek to implement. The round-the-clock trading during the week makes for constant action and it is global and not confined to any one timezone. I find the forex market fun, challenging and a constant learning process.”

Conclusion: Counting Pips includes a blog, analysis, and articles section offering its readers a wide variety of information depending on their interests. Each one of those categories includes well written and interesting content, with charts, multimedia such as videos, and detailed updates of the Forex market. Counting Pips is a great source of information for anyone interested in Forex.

Advantages: Well designed site, updated content, well written, multimedia presentations

Disadvantages: Less suitable for beginner traders who want to learn the basics of Forex.

Final Words: Although I did say that Counting Pips is generally targeting more experienced and knowledgeable traders, almost anyone interested in the foreign exchange market can find something useful on Counting Pips. It might not be in the analysis section, but the articles are very interesting and are written in a way that you feel like they were written for you. Zachary did a phenomenal job at making Counting Pips a reliable source of Forex information.