As the Brexit deadline approaches and the disagreements widen, some voices in UK politics are rumored to secretly prepare for yet another snap election. In the open, politicians dismiss the idea for an election but it is clear that they grow wary and nervous that one could creep up. Prime Minister Theresa May is losing support and many believe that she won’t be able to deliver the type of Brexit that would be acceptable to both sides of the aisle. The British Pound dropped to a twelve-month low, is this a great buying opportunity? The UK held...
Novice traders should take into account that the forex market is a place where you can both make money and suffer significant losses and even completely lose the deposit. It is not unusual for beginner forex traders to wind up completely wiping out an account through a series of losses or poor risk management. While this unfortunate scenario can be avoided with the right amount of trading knowledge and discipline, it would also help to have a battle plan to bounce back from blowing up your account. The first positive step towards recovery is...
Learning to trade the forex market can be an overwhelming venture. Just like any other career or trade a person needs to learn, it takes time. There are many parts to trading including reading charts, candlesticks, and timing. Regardless of all of that, the first thing a new trader needs to decide is what type of trader they are. There are three general types of active trading; scalping, intraday, and swing trading. Factors that help determine the trading style are: how much time an open trade position is maintained, trade size (or position...
Italy is one of Europe’s biggest economies and a key anchor for the Eurozone behind Germany and France. It is also the economy which has never fully recovered from the last financial crisis as Italian banks are still loaded with bad loans and the Italian consumer is hesitant to open its wallet. Italy also has the second highest debt-to-GDP ratio with 131.1% as of 2014, trailing only Greece. Bond markets are concerned what a populist government in Italy would do, which puts upward pressure on Italy’s borrowing costs and further complicate its...
Hi, my name is Sam and before I tell all of you how I made $20,000 in one day I would like to give you a quick overview of me as a trader. I am not a professional trader and probably far from that. I am trading for over 20 years, but I can’t quit my job. Just because I am not a professional trader does not mean that I don’t earn money. I have been profitable for ten years now and earn on average 22% per year. Before anyone laughs off those returns, they are actually quite good and I do better than most professional traders at banks or hedge...
