Forex Market Commentaries From FXCC – Daily Commentaries on the biggest stories from the world of Forex Trading & Currency Exchange.
It’s a natural tendency to be impatient, when you first discover forex trading. You’re in an enthusiastic rush to take on board all the information, whilst your inquisitive nature will encourage you to roll your sleeves up and experiment with many concepts, that are both unique and new to you. Nothing can prepare you for […]
It’s often stated that “patience is a virtue”, in FX trading it’s essential. Read More »
Despite the technical application of up to 25% tariffs on Chinese imports into USA ports, from midnight USA time, on Friday May 10th, Chinese equity markets rose during the Asian trading session. As to whether the rise is a moderate relief rally now the threats have become reality, or Asian market investors expect a resolution
During the early months and years of your trading journey and evolution, as you’re experimenting and exploring the full range of trading opportunities, you’ll commit many of the trading mistakes, all experienced and successful traders will testify to. You’ll trade from an undercapitalised account, apply too much leverage, receive margin calls, overtrade, revenge trade and
The latest U.K. GDP growth figures will be published at 9:30am U.K. time on Friday May 10th. Reuters are forecasting that the (month on month) growth figure for March, will come in at 0.00%, falling from 0.2%. The first quarter growth figure for 2019 is forecast to come in at 0.5%, the cumulative effect of
China’s equity market indices, continued the recent sell off, after President Trump issued a statement at a political rally in American during the evening. He stated that China broke off negotiations and effectively broke the conditions of the agreement, which had been brokered over recent months. He reiterated the threat issued earlier in the week;
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 high impact releases that tend to have a higher impact on FX markets. Read More »
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
How can you match your trading ambitions to your current employment? Read More »
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
Strive for excellence in your FX trading, not perfection. Read More »
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
