The theory behind automated trading makes it seem simple: Set up the software, program the rules and watch it trade. In reality, however, automated trading is a sophisticated method of trading, yet not infallible. Forex trading softwares, also referred to as mechanical trading systems, algorithmic trading, automated trading or system trading, allow traders to establish specific rules for both trade entries and exits that, once programmed, can be automatically executed via a computer. More and more traders today are switching to forex trading...
Two of the biggest forex moving pieces of economic data are GDP and CPI figures. Since the financial crisis, central banks flooded and to a certain degree continue to flood the market with quantitative easing. A lot of market participants have therefore paid less attention to GDP and CPI data, since central banks were meddling in the markets, printing money and buying bonds as well as equities in the case of the Bank of Japan. Now that central banks decided to slowly roll back stimulus, forex traders should focus more on key pieces of economic...
Market participants often fail to take full advantage of gold price fluctuations because they haven’t learned the unique characteristics of world gold markets or the hidden pitfalls that can rob profits. Since gold usually maintains its value even in the most turbulent economic circumstances, many traders resort to gold as it is considered a ‘safe haven’ asset. In today’s markets, it is possible to make profits from trading commodities, such as gold without having to physically own the metal. Gold trading via CFD’s is based on opening a...
Hi everyone, my name is Susan and I am from Nottingham Forest. I can only imagine that you have heard a lot of stories about forex trading, both good and bad, so I will spare you a summary of why I think it is a great idea to trade forex. Either you make up your mind and start trading forex, or you decide against. No one should have to convince you to better your life and my story is for those who already took that step and entered the amazing world of forex trading, all the possibilities it has to offer and the freedom you can gain. I have...
After former Brexit Secretary David Davis resigned amid protest over May’s soft Brexit proposal which will keep the UK aligned to EU rules forever in the areas of goods and agriculture, new Brexit Secretary Dominic Raab met his counterpart Michel Barnier in Brussels to negotiate May’s new proposal. A different name, but the same outcome. Barnier rejected a key part of British Prime Minister Theresa May’s Brexit trade proposal. Following the release of the UK government’s White Paper and amid pressure from other EU members, Barnier last week...
