When Brexit negotiations started, everyone expected to face some tough discussions which would range from the divorce bill to citizens right and from a trade deal to security. The easiest to agree on issue was supposed to be the right of citizens, but even that has not been resolved yet. The UK’s commitment to European security appears to be the only positive agreement so far, while the size of the divorce bill has held trade talks hostage. The EU wants to settle the bill first before advancing to complicated trade talks as the deadline is...
Economic data releases are essential for each forex trader, especially reports of utmost importance like the GDP (Gross Domestic Product) of a country, which reflects the overall state of the respective economy. Market players monitor this critical piece of economic data to either enter a new position or add to a current one, but in most cases, they use it in combination with other trend-defining factors. GDP represents the total monetary value of all goods and services produced over a specific time period – the size of the economy. GDP...
Many people are intrigued by the idea of making millions of minutes while working from home or any place they want. Although trading offers opportunities, the majority of new traders have to realize that reaching their ambitious goals will probably take much longer and require more effort than initially planned. Traders must also have realistic expectations about their potential returns, and understand that every unit of profit is accompanied by a unit of risk. If you are just getting into the forex trading market, you know how difficult it...
Investors can profit on the changes in foreign currency prices through a forex account. Forex is the world’s largest financial market and offers investors many advantages, including low trading costs, low entry costs and 24-hour trading options. To manage their forex trades, investors will often follow strategies that instruct them on the best buying and selling opportunities. However, before following a strategy, forex traders can back test them against past results in order to judge how the strategy may perform in the future....
Minutes from the October 31st - November 1st US Federal Reserve meeting were released yesterday evening and the US Dollar as well as US equity markets were slightly disappointed by the overall tone of the text. Market watchers anticipated a more hawkish statement, or one that is in favor of increasing interest rates faster. The dovish tone of the statement, indicating that the market may have to wait longer for interest rates to start normalizing, caught many by surprise which caused a strong sell-off in the US Dollar. Equity markets initially...
