It’s hardly surprising that the majority of retail FX traders, fail to acknowledge the impact volatility can have on their trading outcomes. The subject, as a phenomenon and the direct impact it can have on your bottom line, is hardly ever fully discussed in articles, or on trading forums. Only the occasional, fleeting reference, is […]
The Aussie dollar slumped during the Sydney-Asian trading session, analysts quickly attributed the fall based on inflation coming in below expectations at 1.3% year on year in March, falling from 1.8%, as Q1 CPI came in at 0.00%. The falling CPI metric is an indication of weak growth, therefore, the RBA, Australia’s central bank, are
At 20:20pm U.K. time on Tuesday April 23rd, the U.S. dollar index, DXY, traded at 97.62, up 0.34% on the day, reaching a high not seen since June 2017, as USD has experienced a surge over recent trading sessions. The U.S. dollar experienced significant gains versus the majority of its peers, during the day’s trading
Judging what represents success in retail trading is a highly subjective issue, as all traders are individuals, none think alike and all have different reasons and motivation for trading. One trader’s version of what represents personal success, could be another’s version of failure. All traders have ambitions and targets and all traders decided to engage
Success in retail FX trading is relative and has to be personal. Read More »
At 15:00pm U.K. time, on Wednesday April 24th, the central bank of Canada, the BOC, will announce its latest decision, regarding the Canadian economy’s key interest rates. The widely held consensus, after both Bloomberg and Reuters news agencies have polled their panels of economists, is for a hold of the benchmark rate at 1.75%, for
As global equity and FX markets were restored to full activity, after the prolonged Easter bank holiday break, USD recorded solid gains versus the majority of its peers, during the Asian and early part of the London-European trading sessions. At 8:15am U.K. time, on Tuesday April 23rd, the basket of USD currency values referred to
USD endured mixed trading fortunes during Monday’s trading sessions, during a day when several FX trading centres were closed, for the extended Easter, bank holiday, trading period. At 19:45pm on Monday April 22nd, the dollar index traded down -0.10% at 97.28, whilst USD also slipped versus the euro; EUR/USD traded up 0.12%, USD/CHF up 0.12%,
Most traders know there’s four key styles of FX trading: scalping, day trading, swing trading and position trading. At one end of the spectrum is scalping; your trades typically last seconds or minutes, as you search for small price action related gains, banked extremely quickly. At the other end of the scale is position trading;
Why and how position trading in the FX market can work, if you use zero fee accounts. Read More »
USA equity indices initially looked to have continued their recent consistent risk on momentum, during the early stage of the New York trading session, as the latest trade balance figure for February came in at -$49.4b, an unexpected eight month low. However, the gains evaporated later in the session. Closer analysis of the data provided
Japan’s factory sector remained under the Markit PMI 50 level, separating contraction from expansion, extending a contraction that began in February, according to the latest survey of purchasing managers’ data, released on Thursday morning. The Japanese manufacturing PMI came in at 49.5 in April, up from 49.2. Exports are continuing to fall this month and
