US President Donald Trump scored a much need victory as Republicans passed the biggest US tax overhaul in history. The House of Representatives approved the bill yesterday after the Senate pushed it through previously. Overhauling the tax code was one of the biggest campaign promises of President Trump who stated that ‘It hasn’t been done in 34 years, but actually hasn’t been done, because we broke every record. We’re not going to lose our companies any more. They’re going to stay in our country.’. This...
Scalping relates to one of the strategies used in the intraday speculative trading of stocks, currency, and commodities. Essentially it involves the closing of a transaction when there a small profit is derived from a few points (pips). The necessary conditions for implementation of this strategy pertain to high liquidity traded instruments with reasonable volatility, small spread, low fees and the ability to continuously monitor the current quote. Given these criteria and features concerning the formation of fees and additional costs,...
Every day, traders try to gain an edge in the markets in order to boost their profits. This often requires plenty of outside-the-box thinking and making correlations where others fail to look. Many forex traders tend to focus on forex only and therefore often miss why their trades moved. Money flows through the global financial system and crosses asset classes. Therefore it is always a smart trade to make sure to know what’s happening across the board in order to make the best trading decisions. Today we will take a trading clue from one of...
Sharing the center stage with forex and CFD trading in recent years has been financial spread betting, helped on in massive part by growing interest in online trading amongst retail investors. Both forex and spread betting are regarded is risky but potentially lucrative ways to generate a return from the markets, and while both deploy a degree of leverage, albeit in different ways, their characteristics remain largely unique. While some people think that spread betting and forex trading are very similar, in fact, there are a number of...
Theresa May, the Prime Minister of the UK, has had a turbulent 2017. Last week she returned from Brussels and celebrated what many called a breakthrough victory. Apparently enough concessions have been made that the EU announced the divorce proceedings can now move on the the much anticipated trade deal. The Brexit bill as well as the Irish border have held trade negotiations hostage as the time to March 2019, the date when the UK is supposed to officially leave the European Union, is ticking down. The business community inside the UK as well...
