Forex Trading and Miscellaneous

When faced with the question; “what is your most valuable trading tool?” traders have many different answers and equally many theories to support their convictions. Some traders might suggest their preferred trading platform, such as MetaTrader’s MT4, is the most valuable tool at their disposal. Others might point to all the indicators that compile technical […]

The vast majority of retail FX traders are part time; typically they’ll be holding down part time or full time jobs, whilst either attempting to learn how to trade, or continuing their successful trading. It’s tricky to establish the exact numbers from authorities such as ESMA, but retail traders are unlikely to be scalpers, or

The fall in Chinese equity markets, witnessed during the Sydney-Asian sessions on Wednesday morning, was expected based on the increased threats from the Trump administration; to increase tariffs from 10% to 25% on $200m of Chinese imports, beginning on Friday May 10th. The threats to apply new tariffs, of the same amount, on all Chinese

Successful traders are, by their nature, perfectionists. They seek alpha (maximum profit) in each and very trade they execute, on every trading day. They’re constantly looking for methods and micro adjustments, as they fine tune their strategy, to squeeze as much profit as possible from the market. However, they often have to control their perfectionist

On Wednesday May 8th, at 3:00am U.K. time, the central bank of New Zealand, the RBNZ, will reveal its latest decision, with regards to the country’s key interest rate. Referred to as the “official cash rate”, the current rate is 1.75% and according to the economists polled by Reuters, the prediction is for a cut

The RBA (reserve bank of Australia) caught market doves off guard on Tuesday morning, by agreeing to keep the cash rate unchanged at 1.5%, despite the weight of economic opinion, from the economists polled by Reuters, predicting the rate would be cut to 1.25%. GDP growth has slumped in Australia, inflation is low, unemployment pressures

If you regularly peruse the most popular FX trading forums, or read books and articles on the subject of FX trading, you might constantly stumble across the phrase; “wait until the market comes to you.” It’s an evocative phrase, conjuring up ideas of: virtuous patience, laying in the long grass primed in hunt mode, setting