Forex Trading Articles from FXCC – Forex Trading Articles to make You a Better Forex Trader. How to Trade Forex, Forex Trading Strategies & Best Practices
On Thursday January 31st at 10:00am U.K. time, the latest data relating to the Eurozone’s GDP growth and performance will be released, by the official stats agency, Eurostats. The current annual GDP growth rate (up to Q3 2018) is 1.6%. The forecast, according to the economists polled by the Reuters news agency, is for a […]
After an approximate 1% sell off, shortly after the U.K. parliament passed a vote making a no deal Brexit more likely, GBP/USD stabilised in the overnight Sydney and Tokyo FX trading sessions. Both the U.K. mainstream media and the political circus surrounding Westminster, began to digest the news and quickly reached the conclusion that Mrs
On Wednesday January 30th, at 7:00pm U.K. time, the FOMC (Federal Open Market Committee) will reveal its decision regarding the key interest rate for the USA economy. The current rate is 2.5% and this highly anticipated calendar event, is forecast to result in no change to the rate, according to the Reuters and Bloomberg news
Traders who trade with European based FX brokers have had to adopt their trading behaviour significantly, after the ESMA ruling came into force in 2018. The rules and new framework that ESMA introduced were, in their opinion, designed to protect traders. The organisation took time out to analyse the industry and came to the conclusion
Don’t suffer the curse of overtrading, when simple remedies are within reach Read More »
Albert Einstein is credited with saying; “Compound interest is the eighth Wonder of the World. He who understands it earns it. He who doesn’t pays it!” In a financial world of low interest rates, a situation that’s existed for close to a decade- the potential for using relatively small trading accounts in order to make
How using compound interest can grow small accounts rapidly and significantly Read More »
Trading successfully can often be described as a complete life skill and there are sections in the poem of Rudyard Kipling which relate to certain aspects of our trading; “If you can dream and not make dreams your master; if you can think and not make thoughts your aim; if you can meet with triumph
As a central bank, trying to balance the value of the currency for which your monetary policy is responsible for, is an incredibly difficult task. There’s a Goldilocks temperature; not too hot, not too cold, that’s just right for the economy. The value of the domestic currency has to: – encourage exports, – encourage imports,
“Taper tantrum” is the term used to refer to the 2013 surge in U.S. Treasury yields, which resulted from the Federal Reserve’s use of tapering to gradually reduce the amount of money it was feeding into the economy. Traders and investors may recall the phrase “taper tantrum”. The Fed was only considering cutting back on
Mario Draghi, the president of the ECB, is apparently concerned that the euro is too high versus USD. EUR/USD recently breached the 1.2500 handle for the first time in over three years, he’s concerned that at this level it may harm exports and damage the (fragile) recovery the Eurozone is in, which is only circa
Currency wars; what benefits (if any) can they provide the Forex Trader? Read More »
Discussions have raged since the birth of internet trading and the creation of trading forums, regarding which overarching trading style/method represents the best option for both new and part time traders. Is it scalping, day trading, swing trading, or longer term investment/position trading? All have merits, none are wrong and so many times we’ll read
