Forex trend is an integral concept of technical analysis that provides information about the general direction of the market. A trend can either be a long-term or short-term, depending on economic, sentimental and other fundamental influences. Trading along the trend is one of the safest ways to trade and a great forex strategy for maximizing profits. In theory trading with the trend is the classical remedy for trading profitably. When anyone starts out with trading, they quickly discover a commonly used wisdom that traders make most of the...
![Is a Global Recession on the Horizon [2020 Guide]](https://paxforex.org/sites/default/files/styles/blog_page_640/public/is_a_global_recession_on_the_horizon_2020_guide.png?itok=Y5Mz61DE "Is a Global Recession on the Horizon [2020 Guide]")
The trade tensions between the US and China appear to worsen as each day passes. The US is now planning to limit Chinese investments in US technology companies. Chinese President Xi Jinping has vowed to fight US President Donald Trump blow-for-blow as a trade war between both superpowers appears unavoidable. The first round of US tariffs imposed on Chinese imports will take effect on July 6th while another $200 billion could be added if China decides to retaliate. There is little doubt that China will match the tariffs. Both Presidents are...
Establishing a forex trading strategy helps you to take a more objective approach to your trading. With a reliable forex trading strategy in place, no single trade should be able to make a disproportionate dent in your bottom line, and you should be able to see each trade as part of your ongoing trading activity. In the short term, you are trading on the basis of tested methods rather than individual hunches. In the long term, you are placing your individual trades within the wider context of your rules for money management. Forex trading...
My name is Philip, I am a 51 year old engineer from New Zealand and someone you could consider a forex veteran. I have been trading in the forex market for over 30 years now. When I graduated high school, my parents did something for me which I will always treasure and be thankful for. Instead of giving me a fancy present or cash like most my classmates, they opted instead to make a deposit into a forex trading account which they have opened for me. At first I was a bit puzzled, as I knew nothing about trading forex. My parent’s suggested...
British Prime Minister Theresa May was able to put out yet another fire and survive to fight another day. The Tory rebellion has been put to rest, at least for now. Rebels pushed for an amendment to the current Brexit legislation in order for Parliament to have a meaningful vote on the final deal May will bring back from Brussels. Pro-Brexit lawmakers as well as May rejected such an amendment as it weakens their negotiating power with Brussels. Brexit is roughly nine months away and May is expected to have a final divorce deal this fall. The...
