As widely expected the FOMC raised the upper bound interest rate to 1.5%, the Fed’s committee also confirmed that it would begin to reduce it’s massive $4.5 trillion balance sheet, by $20b a month, beginning in February 2018. The FOMC also committed to repeat the exercise witnessed in 2017; raising interest rates three times in […]
Outside of the fundamental analysis we have to continually conduct, concerning the economic calendar events that are released and published each trading day, we also have to develop skills in order to learn how to analyse technical analysis. Whilst we have to learn to analyse both of these distinct and influential factors, we also have
Brexit, its past, present and future impact on the value of the U.K. pound Read More »
On Friday December 8th at 13:30pm GMT, the BLS department of the U.S. government will publish its latest NFP (non farm payroll) data reading and its last for 2017. Combined with this NFP data another crucial economic calendar metric, the latest unemployment data, will also be delivered, currently at 4.1% the forecast is for the
Will the final NFP reading of 2017 finish with a bang, or a whimper? Read More »
Trading will often try the patience of saints. Even patient, calm, decisive people, who pride themselves over how they’ve developed emotional control over their decision making and the measured way they navigate through their own personal lives, have been known to smash keyboards and trash their home office space, during their formative trading months and
Patience and its relevance to Forex Trading Read More »
Randomness could be defined as the lack of pattern or predictability in a series of events. A random sequence of events, symbols or steps, appears to have no order and fails to follow an intelligible pattern, or any combination. If you get a group of traders together for a discussion on their craft, one of
Are the movements in Forex Markets random? Read More »
Only a tiny percent of retail traders will ever make it. There’s lots of information, data and opinions on this subject, but none of it is conclusive or definitive. We read that 95% of traders fail, that only 1% of forex traders make a living trading and that the vast majority of traders give up
A few Forex Trading myths; discussed and debunked. Part two Read More »
Whether we discover the (at times) lonely and solo activity of retail forex trading by accident or design, we’re social animals and in the social media world we now inhabit, we’ll eventually discover forums and other social media methods, to share and discuss our trading ideas. As we discover forums and other discussion venues, we’ll
A few Forex Trading myths; discussed and debunked. Part one Read More »
The majority of the most popular and highly respected trading forums, are sub divided into various categories. You’ll see separate discussion sections for: general trading discussion, platforms, automation, brokers, journals, systems etc. Interactive trading and trading systems are generally the sections that experience the highest number of posts, but not the highest number of threads.
Forex Trading systems – how do we separate the useful, from the useless? Read More »
Occasionally there’s weeks listed in the economic calendar, which deliver high impact news events in rapid succession. We may get: an interest rate decision, a GDP reading, a jobs report, and PMIs etc. all delivered within days of each other. And if they all relate to the economy of a particular country, then the impact
If you no longer consider yourself to be a novice trader then you’ve probably suffered some trading losses, you’ll have trader scar tissue imprinted on your conscious mind and gained valuable experience during your journey. Whilst you’ll also quickly realize that trading doesn’t necessarily involve having (or struggling to find) a trading technique/method or edge,
Risk vs. reward – risking the right amount of your account for a reasonable reward Read More »
