Foreign exchange rates can change rapidly in response to any real-time economic and political events. This offers great opportunities for traders to make profits in the forex markets. However, volatility can be a double-edged sword, and losses can accumulate just as quickly. Volatility in the forex markets can bring ample opportunity to speculate and profit from forex price movements. However, there is always the possibility that your trades could go against you and this could net you a loss. Losses are common for most forex traders, even for...
Up until a few days ago, many were wondering if a trade war between the US and China would be avoided or if it would commence. Now the battle lines have been drawn as the Trump administration targeted $50 billion worth of Chinese imports, primarily non-consumer related items such as machinery, which would be subject to a 25% tariff. US President Trump threatened more tariffs if China was to retaliate. China did just that and imposed 25% tariffs on $50 billion worth of US imports which will hurt many American farmers. President Trump made good...
Each currency has an interest rate attached to it, and the difference in interest rates for each currency pair you hold could result in a debit or credit being applied to your account each night. Rollover (or swap) is a way to increase profits or reduce losses, or being on the wrong side of it can cut into profits or add to losses. Rollover is an important concept in forex trading and one that you should be familiar with if you wish to use more advanced trading strategies. Simply put, rollover is the process of delaying the settlement date of...
Last summer I planned a great vacation with my girlfriends, a ladies only trip to get away from our work stress, in order to rejuvenate from a very busy period. We all work in a very busy advertising agency on different projects and needed a break. For several week’s we all lived on five hours of sleep and a lot of caffeine and once we decided to get together for a two-week trip around Latin America I took it upon me to plan the group trip. None of us has ever been and it was a very exciting adventure to take. We didn’t spare any expenses and...
As widely expected, the US Federal Reserve increased interest rates for the second time in 2018 by 25 basis points to Lower Bound Level of 1.75% and and Upper Bound Level of 2.00%. The US central bank also upgraded the amount of planned interest rate increases to four, which means that two more 25 basis point increases are on the table in the second-half of the year. The hike came on the back on a rise of inflation as well as a drop in the official unemployment rate. The US is currently experiencing the second-longest economic expansion in its...
