Brexit is roughly 13 months away and many items remain unchecked. A two-year transition period has been all but agreed on which means that in 2021 the UK will have completed Brexit. British Prime Minister Theresa May had a very challenging premiership so far and is trying to balance her cabinet which is comprised of Brexit hardliners as well as those in favor of a very soft Brexit. Since the referendum is appeared as the soft Brexit crowd had the upper hand, but this week a change has appeared on the horizon which could result in more clarity...
The forex market is primarily driven by overarching macroeconomic factors that influence the decisions of the traders who ultimately decide the value of a currency at any given point in time. The economic health of a nation's economy is an important factor in the value of its currency. Overall economic health, however, is shaped by numerous economic events and information that may change on a daily basis, contributing to the 24/7 nature of the international foreign exchange market. Macroeconomics plays an important role in forex trading...
It is no secret that smartphone trading has given traders the ultimate freedom. Until recently, trading required you to spend several hours in front of a computer or laptop each week. Thanks to smartphones and tablets, these days you can trade from anywhere with a good internet connection. The high trading volume, no geographical or time constraints, and abundant profit maximizing opportunities have made traders who already have a day job, and are seeking an additional source of income are also actively participating forex trading through...
In most industries, in order to limit the risk of loss, you should buy insurance. This applies to the financial markets as well, but in order to avoid the insurance fees, the hedging technique has been developed. Traders of the financial markets, small or big, private or institutional, investing or speculative, all try to find ways to limit the risk and increase the probabilities of winning. There are many forex trading strategies out there and hedging strategies is one of them. Having a deep understanding of the money markets is what allows...
Probabilities explain the chance of something happening. Probabilities in trading are often discussed, but humans have an abysmal capacity to understand and calculate probabilities. Forex is all about risk analysis and probability. There is no single method or style that will generate profits all the time. The key to success is positioning ourselves in such a way that the losses are harmless, while the profits are multiplied. Such a positioning is only possible by managing our risk allocations in accordance with an understanding of probability...
