U.S.Dollar comes under pressure versus its major peers, SPX reverses seven day advance, gold falls, Eurozone confidence slips New York, London and Shanghai equity markets were closed on Monday for a bank holiday, economic calendar news was equally distributed between the Eurozone and the USA on Tuesday, as markets roared back into life. European news […]
We all decide to enter the world of forex trading with a goal in mind. That goal might be to boost the insufficient returns we receive from a basic savings, deposit account. Or we may view the industry as an opportunity to change careers; firstly by trading part time, with the ambition and vision to
The importance of creating your Trading goals to reach your vision of success Read More »
Subdued Monday bank holiday trading witnesses sterling rise, euro fall and global equity markets move sideways With markets closed in: London, China and New York, both the equity and the FX markets were relatively subdued. Both the global equity markets (that were open) and the FX markets, moved generally sideways during the day. Sterling was
The longer you’re involved in our fascinating world of forex trading, the more you realize that what you thought you knew at the outset, is now mostly irrelevant. In the exciting early years, shortly after you discover forex trading as a career, you tend to be misguided by many influences and influencers. Eventually we discard
The two critically overlooked aspects of FX Trading Read More »
NFP jobs data, European, Asian and USA PMIs, and various GDP reports, will dominate the economic calendar this week Monday is a bank holiday in the UK and with London still occupying top spot as the number one global forex trading venue, there’s likely to be a significant fall off in the level of FX
The ongoing question of ‘why investors/traders lose?’ tends to linger in the Forex market. It can’t be that the retail trading markets are like a bent poker game; rigged against the player, as that’s impossible in such a transparent business and marketplace. So does the problem lie with us? “Yes”, is the simple answer and
How to avoid pitfalls in Forex trading Read More »
WTI oil falls 5%, SPX and NASDAQ close at record highs, U.S. Dollar ends day close on flat versus major peers The economic calendar day began with official data from the UK’s government statistics body; GDP for the first quarter of 2017 in Britain has fallen to 0.2%, a desperately poor reading that if annualised
Throughout the constant big conversation we have with our clients, through our blog and regular articles, we constantly remind you there are no short cuts, or life hacks available when you trade forex. In professions such as retail forex trading, there’s often no alternative other than to roll up your sleeves, begin trading and learn
The importance of using stops when trading Forex Read More »
SPX and NASDAQ close at record highs, Fed minutes indicate three rate rises for 2017, Canadian dollar rises on interest rate rise hope Moody’s Investor Services, one of the most respected global ratings agencies, delivered a shock announcement on Wednesday, by downgrading China’s rating for the first time in thirty years. In a statement they
This week is an excellent example of an economic calendar news week, as it represents one of the busiest in any given month for economic news. We have various MarkitEconomic’s PMIs, interest rate decisions, unemployment data, and GDP releases. The PMIs aren’t noted for their ability to move markets, generally ranking as low to medium
How to trade the reaction to the news and not the news Read More »
