Trading in the forex market or any of the other financial markets under emotions is one of the biggest enemies of any trader. Forex traders are facing different kind of emotions during their trades. The main problem is that whether a trade goes for you or against you it can affect your emotions in a profound way and this can lead you to behave in an erratic fashion which means making unreasonable decisions. Even if you have set down a specific trading strategy that you plan to stick to it can be hard to execute when you are overwhelmed with...
Benchmark Brent futures are stable below $ 108 per barrel as fighting in Ukraine increased geopolitical risk, supporting the market. Data published earlier this week showed an accelerating of the U.S. services sector, which a little bit calmed markets, alarmed by weak Chinese data. Oil prices were kept in check by new data pointing to a continuing slowdown in China, the world's second-largest economy, and the possibility of lower energy demand. By 10:30 GMT yesterday, June’s Brent futures fell on 3 cents to $ 107.69 per barrel...
Trading successfully requires time, market knowledge, market understanding, forex online trading strategy and a large amount of self-restraint. Before a strategy is ever created traders first need to decide which market condition they are looking to take advantage of. There is a choice of three market conditions which we can take advantage of (trend, range and breakout). Each of these market conditions can exhibit markedly different tones. The support and resistance that define ranges become broken when price breaks out from some news event...
The Forex market is the most vulnerable investment platform, which is considerably impacted by news from around the world. Consequently, by learning to take advantage of forex news, investors can avoid several costly trading mistakes and improve their profitability. In fact, the ability to foresee and analyze Forex news is what separates an experienced forex investor from a novice one. The first thing to consider while Forex news trading is that the news itself holds little importance. What matters more is the trader's analysis of the...
Forex is the largest financial market in the world available for everyone who wants to step inside, start trading and earning. Currency trading is a sophisticated form of investing where you can earn a huge amount of money in a short period of time. Trading goes on all around the world during different countries' business hours where you can trade major currencies at any time 24 hours per day 5 days a week. Advantages of the forex market are easy access, high liquidity, trading with leverage, low transaction cost and 24 hours trading....
