The Euro has rallied all year long and there are many bullish factors behind the strong advance. The Eurozone economy is expanding at its best pace in six years which was confirmed with the preliminary third-quarter GDP increasing by 0.6% quarter-over-quarter and by 2.5% year-over-year. PMI reports are at very strong readings, consumer confidence is on the rise and unemployment is decreasing. With many positive economic news circulating, it is very easy to ignore potential headwinds which could derail the current move to the upside. The last...
Trading strategically in the forex market typically involves a number of elements that should be thoroughly reviewed before an actual trade is made with any substantial amount of trading capital. The main element consists of developing and testing an objective trading plan, which ideally indicates when a trader should enter and exit the market, as well as the amount of risk the trader is willing to assume with each position. The risk management aspect of a trading plan is where position sizing becomes very relevant to a forex trader. With a...
Today we will start with a simple question: What is potentially the most overlooked weapon in the arsenal of central bankers? The use of interest rate cuts as well as increases is probably the best known tool central banks use. More recently quantitative easing has become a very popular experiment from Tokyo to London and from Frankfurt to Washington. One very obvious tool, but often not viewed as one, is communication. Central bankers use communication as a tool in order to prepare financial markets for what is about to come or to leave room...
Becoming a successful forex trader is not something that can happen overnight. It is a result of consistent practice, dedication, and excellent decision-making skills. Trading profitably is certainly possible for you, no matter where you are in your learning curve. But you have to work at it, and likely make a few adjustments from what you are already doing. Forex trading is a skill that can puff out your bank account, but it's not automatic. The only way you can surely benefit from this system is if you gain the necessary skills...
Online forex trading signals is defined as analysis or hypothesis that a trader uses to whether he should buy or sell a particular currency pair at any given time. These forex trading signals can either be derived from studying technical analysis or fundamental analysis or conclusions drawn after studying the currency pair based on both methods of analysis. Technical indicators are mathematical calculations that use historic price action and volume to forecast future price movements, providing trade entry and exit signals....
