The Federal Open Market Committee (FOMC), a committee within the Federal Reserve System, is charged under the US law with overseeing the nation's open market operations (i.e., the Fed's buying and selling of United States Treasury securities). This Federal Reserve committee makes key decisions about interest rates and the growth of the US money supply. The FOMC is the principal organ of US national monetary policy. The Committee sets monetary policy by specifying the short-term objective for...
If there is one feeling that currency traders universally abhor, it would probably be the emotion derived from watching a losing trade turn deeper and deeper against them. If the trade is left unchecked, things can get really ugly very fast. An overleveraged position can lead to an outsized loss; and as a position can move against you for an extended amount of time, these losses can irreparably damage futures. For most traders the hardest part of trading forex is coping with financial losses. It is not simply a matter of pain and distress,...
Businesses that are involved in global trading need to be able to predict forex market behavior. This ability is essential when concluding deals and arranging for payments to protect themselves from possible adverse outcomes of forex market behavior or to gain from positive situations. Trying to predict a market is a complex exercise and requires the use a scientific basis rather than guesswork to predict forex market behavior. Forecasting in forex means predicting current and future market trends by utilizing existing data and different facts...
Forex trading is a long-term career path. It is unlikely to make you a millionaire overnight. In fact, you may lose some before you even begin making consistent returns from the market. Having realistic goals can be the key difference between success and failure in the trading business as well as in any personal and professional pursuit in life. However, goals can be tricky because people usually set them too high, out of the realm of what is realistically achievable in an acceptable amount of time. When making investments it is important...
In the field of active trading, information is a valuable commodity. A trader is well-advised to acknowledge those words and learn as much as possible from his or her trading history. That said, past performance is not indicative of future results. One of the ways in which a trader can learn from past success and failure is through keeping a trading journal. Trading journal is a comprehensive record of data exclusively related to a trader’s performance over a period of time. Keeping track of past successes and failures is important for a...
