Traders can collaborate with peers with the same interests, exchanging mutually beneficial trading related information. In the old days, successful investors sent out investment advice through periodical newsletters to their subscribers. Their subscribers then tried to apply that advice so they can obtain financial gain. The rise of social media spurred demands and offers for such networks specifically aimed at online forex traders, so that "subscribers" can follow and copy those advices more easily. Social or copy trading is a kind of an...
Brexit is inching closer, day-by-day, and the civil servants in charge of negotiation a deal are more or less on vacation for a few weeks. Maybe a breather is what they need, maybe they are not concerned about it given the UK’s team is led by a 'Remainer' or maybe it is a brilliant strategy to force the EU to come back from its break and actually negotiate. Barnier, the EU’s chief negotiator, resembles UK Labour Leader Corbyn as both like to vote against everything without offering a better alternative. Repeating the same thing over and over...
Leverage is probably the most misunderstood concept in trading the financial markets in newbie traders. However, it has the potential power to significantly grow one's account. The leverage and margin significantly increase the profit and loss chances by increasing your trading power. The leverage and margin is actually the money which you get in addition to the actual deposit you have in your account. Deep understanding of leverage and margin is a must before you use them for trading because the use of leverage and margin also increases...
Howdy everyone, how are my fellow forex traders and those who want to be doing today? First I would like to address those of you who are not trading forex yet, but who are seriously considering it: Congratulations! The first and most important step is to actually decide to enter the great world of forex trading. Why do I think it is great? Because if you are committed to it, have the right mindset and want to truly create an asset base with a long-term time horizon to create monthly cash flow from the comfort of any location you chose, then...
Japan is traditionally know as a risk averse country which is why the Japanese Yen has always been the go-to safe-haven currency for forex traders around the world. When geopolitical tensions rise or economic uncertainty increases, the Japanese Yen usually benefits as forex traders rotate capital out of more volatile currencies and park them in the Japanese Yen until the situation calms. Given the Bank of Japan’s market interference since the Asian financial crisis in the late 90’s, many corporations have also taken advantage of low interest...
