An important consideration when opening a retail forex trading account involves choosing among the different types of forex brokers available to handle your forex transactions. This represents an important decision because the type of forex broker chosen can affect both the quality of service you receive, as well as your transaction fees and dealing spreads. A forex broker serves as the intermediary party between the end user and the market. Having this in mind, choosing the best forex broker is absolutely important. When it comes to retail...
Today we will issues a one-two-three punch to your forex portfolio in order to rattle the cage so the pips can fall into your lap; make sure to bring a big bag of it. We will start in Asia where the Bank of Japan (BOJ) shook the markets with an announcement that it will tweak its monetary policy. The tweak was focused on how the Japanese central bank will purchase long-term debt as it already rolled back the amount it bought. The Japanese Yen advanced on the back of the news while equity markets moved in the opposite direction while managing a...
If you find yourself unable to control your trading and you find the emotional, financial, and social consequences mounting, that is not a passion for trading. It is an addiction. How does one deal with addictive trading? The first step is to identify it, but the second--and harder--step is to acknowledge that you need help for it. It is pride that tells us we can handle it on our own through will power, but addictions wouldn't occur in the first place if will power were sufficient to prevent consequences. Telling yourself you can manage...
The psychological impacts that affect a forex trader's performance are greed and fear, whether you are a forex newbie or an experienced guru. Psychology also plays a very important part of each individual trader’s quest for long-term trading profitability. A trader’s mind is both his prime asset as well as his greatest liability, it is a force which is either able to be used to advantage or one which will undermine a trader. Financial trading involves a tremendous amount of knowledge, patience, and discipline. As humans, we are rather...
Michel Barnier, the EU’s chief Brexit negotiator, has ruled out a special deal for UK banks and the entire UK financial services sector in a free trade deal. This has been echoed throughout the negotiations so far. The UK economy is thriving thanks to its powerful financial services industry which has made London the financial center of the world. There is no alternative, especially not for Europe, and many companies have send letters to their heads of state asking for a favourable Brexit deal which would ensure they can continue to expand...
