Central banks are at the heart of the financial system of any given country in that they are the authorities controlling the supply of money, and therefore control the functions of economical fields. They evolved from the lack of stability in financial market that ruined a lot of economies during the 19th century. The first central bank was the Swedish Riksbank, which was created in the 17th century, with many following in the 18th and 19 century. The U.S. Federal Reserve appeared at the beginning of the 20th century. Over time, the roles...
You may have heard the term revenge trading before as you did some research about forex trading or while you were browsing forum threads at your favorite forex forum. Revenge trading is one of the worst forms of trading a forex trader can do and it usually always has a terrible outcome as the trader will be faced with even bigger losses. What is revenge trading? Revenge trading refers to a trader who has just lost a position and therefore trading capital to open another position in the same currency pair and in the same direction out of...
The recession in the Spanish economy is deeper than previously thought. Once again checking the data for 2012, The National Statistics Institute of Spain (INE) reported that over the past year the gross domestic product fell by 1.6% instead of 1.4%, as previously reported. INE also revised data for previous years, starting from 2009. The data for all years, except 2010, was revised to the downside. For example, Spain's GDP fell by 3.8% in 2009 instead of 3.7%, as previously reported. In 2011 it increased by 0.1% instead of 0.4%. But in...
Trading may be one of the most stressful professions in today’s world, but also one of the most rewarding. Unfortunately high pressure stress is part of forex trading and everyone who wants to trade forex in a serious capacity needs to be able to handle the stress load as well as manage to reduce it. Those who only talk about managing the portfolio clearly lack the proper experience as you do not only manage your profits and losses, you also manage your stress and while you work every day to reduce your losing trades you should also...
The official authorities of the United States, Great Britain, France and some other states discuss the possibility of a military strike on Syria. On this background there has been a sharp rise in crude prices and gold in world markets. Forex market is also periodically has a “fever” from received news related to Syria. If military intervention begins, it will be difficult to predict the behavior of the major currency pairs. It is very possible that there will be very large and multi-directional volatility of their movements....
