Is 2018 the year many cryptocurrency riches will be burnt by regulators trying to reign in the hype? Time will tell, but so far 2018 delivered a long predicted correction in the price of cryptocurrencies across the board. Bitcoin is leading the headlines and dropped to its lowest level since December 5th 2017. Technicians are watching the $13,040 mark as a sustained close below this level would suggest that more downside should be expected. On the other side of the equation, Bitcoin did not behave like other assets in the past while others...
There is not a part-time trader out there who doesn’t dream of getting to the point where they can throw their day job to the wayside and trade currency from the deck of their pool. Most of the forex traders doing forex trading while having a day job, some people’s trade during their free time, and some do trading when the boss is not looking. And some dream or think of quitting their job to become a pro trader – making money for living from the forex trading market. The dreamy idea of practicing full-time forex trading...
Understanding the reason why a currency pair moves is essential to the development of every forex trader. At the most basic level, price moves due to supply and demand imbalances in the market at any given time. Perhaps one of the most important aspects of forex trading is understanding supply and demand. While certain topics in the world of forex may be optional depending on your style of trading, your ability to properly identify areas of increased supply and demand is paramount to your trading success. Demand refers to how much (quantity...
Margin and leverage are among the most important concepts to understand when trading forex. These essential tools allow forex traders to control trading positions that are substantially greater in size than would be the case without the use of these tools. It is important for inexperienced traders and who are new to trading, on any financial markets, to completely understand the concepts of leverage and margin. Too often new traders are impatient to begin trading and fail to grasp the importance and impact these two critical success factors...
Bond investors around the globe have enjoyed a bull market which lasted for over 30 years, but as will all assets which go up they will eventually come down. While an overall long-term advance is normal, nothing can advance in a straight line. Usually, the longer a bull market lasts the steeper and more powerful the correction will be. In addition, if there is no corrective phase many forget how to act and react once one begins which results in panic. This panic fuels the sell-off and floating profits are replaced by actual losses. China has...
