A top international economic body warned this week that Greece's crippling recession is likely to continue into next year, and urged bailout creditors to intervene as soon as possible to make the country's debt sustainable. The Organization for Economic Cooperation and Development said the Greek economy, which is shrinking for a sixth consecutive year, would contract another 0.4 percent in 2014. In contrast, the Greek government forecasts 0.6 percent growth. "We are half a decade into the longest, deepest economic crisis that...
There are plenty of mistakes new traders make and they tend to repeat the same mistakes over and over again. This does not only hurt their progress as forex traders, but it also reduces their profitability. There is a growing number of new traders who could increase their profits and operate their portfolio much better, but making these five mistakes limits their success. Unfortunately with the increase of popularity of forex trading too many rush into trading and do not take the proper time to learn the basics. Many think they can rush the...
Trading doesn’t have to be like this, and it doesn’t have to take over your life. Traders need to keep in their mind why they came to Forex in the first place and go about using a strategy that gives them their time back. There is an approach that gives traders the above mentioned luxury. This method entails only trading the larger charts on the weekly and daily time frames. When traders are learning to trade the Forex market it is advised that they stick the longer term time frames such as the weekly and daily charts. This...
PaxForex team wish you Happy Holidays. Find out Forex Holiday Trading hours: December 24, 2013 - January 2, 2014 All time is referring to the Server time (GMT+2) Date Trading hours Customer service Hours December 24, 2012 Close at 09:00 PM Close at 09:00 PM December 25, 2012 Closed Closed December 26, 2012 Open at 09:00 AM Open at 09:00 AM December 31, 2012 Close at 06:00 PM Close at 06:00 PM January 1...
In a year where the federal government shut down for 16 days and a major U.S. city Detroit filed for bankruptcy, the nation's economic growth was slow, but stable. However, as 2013 drew to a close, the shutdown and looming default threatened to derail an economy that was still in recovery. When 2013 began, the unemployment rate was 7.9 percent. By September 2013, unemployment had fallen to 7.2 percent, which was still historically high, but the lowest it had been in five-years. However, as the unemployment rate decreased, so did the...
