Many traders have put Brexit on the back-burner as the Italian political crisis has taken the center stage for the time being. As a populist government is likely the outcome for Italy, the EU needs to come to an understanding with it. Even new elections will not reverse the choice made by Italian voters as polls suggest that the populists would win even more seats than during the March election. The Euro has a wall of worries to climb as the European Union as well as the Eurozone have to start a long war in order to simply survive. An...
Learning how to trade pin bars can help a trader grab trade entries just as the balance of power is shifting between the bulls and bears. Trading pin bars is one of those forex trading strategies that can be learned quite easily and is great for swing trading because you may have caught a turning point in the market. You can bring up any forex chart and see how a pin bar reversal can often highlight important turning points although a higher time frame carries more weight than a small time frame when using any type of candlestick pattern....
The world of finance is an interconnected web made up of many kinds of market participants. Political events, central bank policies and environmental happenings can all affect how markets trade and traders need to be alert to all of the above in order to trade successfully. However, as big as forex, commodity and bond markets are, and as much as they are connected to one another, it could be said that equities (stocks) markets alone are the underlying driving force in the financial markets. One issue with using global equity markets to make...
Italy may have another election as soon as this September as Italian President Sergio Mattarella rejected the Finance Minister picked by the coalition formed after election results a few weeks ago. Initially, Luigi Di Maio, the leader of the Five Star Movement, and Matteo Salvini, the leader of the Northern League, ruled out a coalition. After it became clear that no party could form a government, both parties joined forces in order to implement the change the majority of Italian voters asked for. The idea of a populist government in Rome send...
Hi everyone, my name is Stephanie and I still consider myself a rookie forex trader as I have been at it for only about 18 months. I am a full-time university student in my second year and I work two part-time jobs. This leaves little spare time for my forex adventure, but I welcome the challenge. My initial goal was to earn enough money to replace my two-part time jobs which would free up more times for my studies. I realized a few months into forex learning that it would take a bit longer to actually earn money consistently which is...
