The key to being a successful forex trader is coming up with a trading plan that enables you to withstand periods of large losses. The drawdown number emphasizes the level of loss you might suffer while trading your trading strategy. Drawdown becomes a serious problem though when the losses are large in proportion to the funds held in the account. If you trade in any kind of volatile market, some drawdown is inevitable. It is one of the risks associated with putting your money into financial markets. Losing is a part of trading, which is just...
One of the most powerful trading signals that combine price action analysis with the use of indicators is the convergence and divergence signals. The purpose of classic convergence and divergence is to recognize a technical imbalance between price and oscillator, with the assumption that this imbalance will signal an impending directional change in price. By using convergence and divergence indicators, traders may effectively reveal higher and lower momentum, and therefore the possible trend continuation or reversal. Due to the forex market...
Many still debate if we have a trade war on our hands already, or if it is more of a trade conflict or just trade fears. Regardless of where one stands in the assessment of the current trade environment, global markets have already started to to show signs of disruptions in the supply chain. Since last week, a currency war may be sniping down currencies before the full impact of a trade war can start counting casualties. US President Trump didn’t only single out China and the Eurozone, but also attacked the US Fed for their policies. During...
So yeah, forex trading is great! Kinda, I guess. It really depends on your personal story. I’m Alexa, go ahead and crack a joke about me being available to tens of millions of Amazon users, and I am from sunny San Diego. A friend introduced me to forex trading while I was still in college, during my year in Italy. She was earning more money from forex trading than many I knew who were working a few jobs just to make it through college. Naturally, the idea of me trading from my dorm room between classes was very appealing. I mean, no more...
Central bankers and finance ministers of the G-20 will meet in Buenos Aires this weekend, on July 21st through July 22nd. The G-20 controls 85% of the global economy and this marks the first gathering since US President Trump imposed tariffs on the European Union and on China, which sparked retaliation in kind. Many economists and market participants try to determine if this was the first salvo in a new global trade war or if the damage can be contained and relations repaired. Global GDP is predicted to increase in 2018, but a full blown...
