The World Economic Forum, which is held every year in the Alpine resort town of Davos, Switzerland, has commenced and the global elite from the private sector and governments are gathering this week to discuss everything from the economy to innovation and from security to immigration. Many deals get either announced or signed and there are plenty of forums hosted to give leaders a platform to share ideas and discuss problems which the economy is likely to face in the near future. Forex traders should pay attention to developments in Davos, as...
Despite the fact that trading the forex market is not an easy task, there is a number of traders who are still able to consistently make profitable returns. Part of the reason for this fact is that they successfully use forex trading indicators. The existence of proven best forex indicators implies that the forex market is not a random walk, as some economic theories contend. The flaws of the human psyche mean that markets do not always behave rationally. The forex markets have a tendency to behave in certain ways under certain conditions....
Whether you are new to currency trading or a seasoned trader, you can always improve your trading skills. It is possible to trade profitably on the forex market, but the odds are against you, even more so if you don't prepare and plan your trades. The most successful traders trade with a plan, and may even have several plans that work together. A plan helps you maintain discipline as a trader. It should help you trade consistently, manage your emotions, and even help to improve your trading strategy. Having a pre-defined forex trading...
Before the Industrial Revolution, agricultural staples like corn and wheat ruled the commodities market. Today, however, Crude Oil and its derivatives are the most actively traded commodities in the world. That is not surprising, considering oil touches just about every aspect of the global economy, in terms of consumer goods themselves as well as their production and transportation. Oil is a major component in the manufacture of plastics, synthetic textiles (acrylic, nylon, spandex, and polyester), fertilizer, computers, cosmetics, and even...
Every trade on the currency market is exposed to some level of risk. To reduce possible losses and increase the profit, traders use some methods of the risk management. Many novice forex traders begin trading without a trading plan, and this is one of the primary reasons why the vast majority of new traders lose money. Even with a trading plan, if the plan lacks a good risk management component, regardless of how well the plan may work initially, a trader can eventually lose everything. Forex risk management can make the difference between...
