Forex is a market where many strategies have to be applied and combined to increase winning odds. All forex strategies include studying the market closely, and there is not one strategy that covers traders from head to toe, carrying no risk factors. Scalping is one of the most common strategies in the forex market and it is the subject of this review. Scalping technique may be very appealing, as the trader is able to make an entire day’s profit in just some minutes. However, this is a false impression. In reality, scalping can be very...
A lot of forex analysts and traders are now wondering if the collapse in the Turkish Lira is over, or if another round of selling is around the corner. The Turkish currency has been losing value against the US Dollar and the Euro for since August of 2017. The reason was the economic policy which Turkey embraced. This resulted in Turkish companies borrowing heavily in foreign currencies and made Turkey heavily dependent of foreign capital inflows, creating one of the world’s worst current account deficits. Tensions between the two NATO allies...
With the relatively new addition to the market of online retail forex brokers and a sharp increase in individuals trading for their own personal accounts, a number of misconceptions have arisen around the forex market. The forex environment is associated with many myths, which are popular especially among retail traders. Their trading levels differ, and it is generally rookies who tend to believe those myths or even pass them on. Not only those myths are untrue, they are hurtful both to you as a trader and your chances of success but also to...
My name is Alice and I am from New Mexico. My 45th birthday is coming up, but I feel that I only started living life ten years ago. Before that, I did what most people do. I grew up in a small town, was raised by two loving parents, graduated high school with honors and went on to get a degree in biology. I move to San Diego in order to study marine wildlife as it was always a passion of mine. I was happy overall, had a great circle of friends and was satisfied my career. After two years of studying marine wildlife, I noticed that a lot of...
The trade war between the US and China is in its early stages and many compare it more than a conflict for the time being. The risks that it will turn into a longer lasting, full blown trade war are increasing daily as rhetoric is on the rise. US President Donald Trump now asked the United States Trade Representatives Office, tasked with identifying another $200 billion worth of Chinese imports for tariffs, to increase the proposed tariffs from 10% to 25%. In response, a Chinese newspaper close to the leadership stated that Chinese people are...
