Predicting the next move in the markets is the key to making money in trading, but putting this simple concept into action is much harder than it sounds. The fact is that currencies are moved by many factors - supply and demand, politics, interest rates, economic growth and so on. More specifically since economic growth and exports are directly related to a country's domestic industry it is natural for some currencies to be heavily correlated with commodity prices. When commodity prices are rising the economy is generally getting stronger and...
One of the favorite past time activities for EU leaders during the Eurozone debt contagion is to fly all over Europe and meet, meet and meet again. Sure, meetings are necessary in order to have discussions about how to resolve the crisis. Most of the meeting have resulted in absolutely nothing more than a free trip for politicians. This meeting will take place on October 18th through October 19th in Brussels. So far, none of the meetings have sowed seeds for fruition despite what dumb money market participants have claimed and how they have...
One of the most important factors for any economy is the Gross Domestic Product - GDP. In its essence, it reflects the economic situation of the state as a whole and has an impact on the value of national currencies, monetary policy, the price of shares in companies and stock indices.GDP is the total market value of all final goods and services produced in all sectors of the economy for a given period (month, quarter or year). In this case, products and services may be made for any purpose - domestic consumption, export, stockpiling and by...
The magnitude and longer duration of unemployment (see part I) has raised concerns that the cyclical increases in joblessness might eventually turn into structural unemployment. The share of the long-term unemployed, i.e. persons being out of work for more than 12 months, has been constantly rising in the EU since mid-2009 and climbed to 46% in the fourth quarter of 2012. In addition, unemployment among the young (15 to 24 years) who are not in education or training is high. In particular, the lack of on-the-job training and experience is...
Becoming a successful forex trader means achieving more earning trades while suffering some small loses. The biggest mistake plenty of forex traders are making is letting emotions control the decisions. Experiencing several loses in a row is very difficult to handle emotionally and can put the trader’s patience and confidence down. Conquering emotion is achieved by trading within a well-constructed forex trading plan and maintaining a very high level of discipline. The first step in achieving successes in forex trading is creating and...
