“Too many investors have no patience and discipline. These two personality traits are imperative for investment success.” – Andrew Abraham Born in September 28, 1954, Paul Tudor Jones is an astute market forecaster and a highly profitable trader. Paul obtained a degree in economics from University of Virginia in 1976, after which he began working on a trading floor (being a broker for E.F. Hutton). He was admitted to Harvard Business School and was ready to go, but he changed his mind abruptly, because of a reason...
Market knowledge and ability to understand the data of analysis will help you to move forward in Forex trading but you will never become a successful trader without the determination to actively compete risking your money in the process. Investment of large amounts of money into the sensitive to change market can cause a range of conflicting emotions: fear, excitement and anxiety, to name a few. A struggle with your own emotions in order to commit a successful transaction is one of the major challenges that must be overcome if you want to...
In recent years, the Kingdom of Saudi Arabia shows the best economic performance among the "Big Twenty", IMF says in its report. Info note: The Group of Twenty Finance Ministers and Central Bank Governors (also known as the G-20) is a group of finance ministers and central bank governors from 20 major economies: 19 countries plus the European Union, which is represented by the President of the European Council and by the European Central Bank. The report notes the positive outlook for the Saudi economy, which grew by 5.1% thanks...
First Deputy Director of International Monetary Fund (IMF) David Lipton said this week in Maputo, the capital of Mozambique, that in 2012, despite the stagnation in global economy, the economy of sub-Saharan Africa powerfully developed. It is assumed that this trend will continue in the current and future years. According to Lipton, last year the economic growth of Sub-Saharan Africa accounted for 5.1 percent. The IMF predicts that the rate in 2014 will reach 5.7 percent. In addition, in the current year the growth of the global economy,...
A carry trade is when you buy a high interest currency against a low interest currency. For each day that you hold that trade your broker will pay you the interest difference between the two currencies as long as you are trading in the interest positive direction. For example, if the (EUR) has a 0.15 percent interest rate and the (USD) has a 0.25 percent interest rate, and you go long on the EUR/USD you are making a carry trade. For every day that you have that trade on the market the broker is going to pay you the difference between the...
