Over recent days the SNB revealed the profits it made for 2016, yes that’s right you read it correctly; a central bank that makes profits. They don’t quite conduct themselves in the manner of most central banks, such as the Fed, ECB and the BoE. Not only does the bank invest/speculate on currency movements, it […]
As we’ve now entered the New Year it’s worth reflecting on our achievements in 2017, in relation to the ambitions we originally set for ourselves at the start of the year. Did we reach our targets, did we grow our trading account by the percentage we targeted? Did we stick to our trading plan and
Bitcoin and crypto currencies were not only the hottest topic amongst many forex traders in 2017, they also became a hot topic in the mainstream media. Hardly a day passed without news channels in the USA and U.K. covering the subject of bitcoin. Naturally, when an investable product rises by circa 1,500% in a year,
Can bitcoin can’t go mainstream as a payment service? Read More »
Traders began to quietly re-engage with the FX markets, as Tokyo and Sydney opened on Monday evening/Tuesday morning. After a fractured ten day holiday period, over the Xmas and New Year period, London’s open will be closely monitored. Last week’s trading ended the year with gold (XAU/USD) finally breaking the critical 1,300 handle after slumping
FX markets reopen quietly after the New Year break Read More »
Trading in U.S. equities was approximately 40% below the 30 day moving average on Thursday, despite this the major equities markets in the USA experienced rises during the New York session. The medium to high impact economic calendar news generally missed the targets, adding to concerns regarding how much room the equity markets have to
Our economic calendar begins to take on a more recognisable shape this coming week as our: FX, equity and commodity markets finally burst back into life, after the Xmas and new year holidays. Whilst there’s a concentration of global PMI readings published by: Markit, Caixan and the USA equivalent the ISM throughout the week, the
As the FX markets reopened on Boxing Day, liquidity and consequently the trading in currencies was significantly reduced, as many institutional traders at major banks and funds remained out of the markets, or on holiday. Many currency pairs experienced whipsawing conditions during the trading sessions, which provided both challenging conditions and opportunities for many retail
Political analysis is often confused with fundamental analysis, however, the two separate phenomena and the skills required to identify and translate the entities into coherent trading decisions, shouldn’t be confused. We should be aware of and fully conversant with the impact medium to high impact news releases have on our trading. The vast majority of
Trading Forex successfully, what works and what doesn’t. Part three; political analysis Read More »
The majority of experienced FX traders and market analysts will testify that its fundamental economic events that move our markets. They’d also contend that the only time technical analysis effects our trading is if price either: reaches a critical round number (generally referred to as a handle), reaches or breaches a big moving average, such
Trading Forex successfully, what works and what doesn’t. Part two; fundamental analysis Read More »
Depending on where you are on the learning scale, you’ll have a different view of the various trials and tribulations you’ve experienced (and at times endured) during your FX learning pathway. If you’re close to the start of your journey, having recently discovered FX trading as a potential investment opportunity, or you’re a part time
Trading Forex successfully, what works and what doesn’t. Part one; technical indicators Read More »
