Forex trading is a profession where you can convince yourself that your work is never done. There’s always another chart to read, an economic report to digest, or a new trading strategy to create or test. The first thing that comes to mind when we think of trading is money. How much money can I earn? How much money do I need to start trading? How much money should I invest per trade? You might think that the more time you spend in front of the screens, the more money you earn. But the time we spend in front of the markets is not...
Yesterday marked the first FOMC meeting chaired by Jerome Powell, the new US Federal Reserve Chief. As market participants and Fed watchers widely anticipated, he kicked of his first FOMC meeting with a 25 basis point interest rate increase to 1.75%. The Fed also confirmed that it wants to hike three times in 2018 while signalling that more interest rate hikes are expected in 2019 as well as 2020. The US Dollar sold off after the announcement which many viewed more dovish than was anticipated. Many expect a more hawkish Fed under Powell who...
If you have been looking for a way to get out of the rat race, trading can increase your earnings or simply build a solid nest egg for your retirement. Whatever your goals may be, forex trading may be the opportunity that can help you achieve them. The forex market has made many people thousands of dollars, or even millions of dollars richer, and it is becoming increasingly popular with the people who understand it and know how to work the system. People work at least eight hours a day, five days a week for survival. Achieving financial...
Information travels fast in today’s digital age and news events move markets instantly. Just about everyone is connected and receives news from their preferred sources on their mobile device. Forex traders need to differentiate between two different categories of news. One category consists of economic news which are released at a certain time and date. It is very simple to prepare and include those releases into a trading day as well as strategy. The second category consists of unexpected events, often geopolitical news, which happen at...
Forex traders use a variety of strategies and techniques to determine the best entry and exit points, and timing to buy and sell currencies. A forex trading strategy is a set of analyses that a forex trader uses to determine whether to buy or sell a currency pair at any given time. Forex trading strategies can be based on technical analysis, chart analysis, or fundamental, news-based events. The trader’s currency trading strategy is usually made up of trading signals that trigger buy or sell decisions. Forex trading strategies are available on...
