The Non-farm Payrolls (NFP) are among the biggest market movers in the forex markets. At the first Friday of every month, the U.S. Bureau of Labor Statistics releases the numbers for new job creation in the US – along with other labor market data. The data includes all paid workers, excluding government employees, private households, non-profit organizations and the farming industry. It is an important indicator for how well the US economy is doing and investors watch this report closely. Traditionally there are many ways of...
It is no surprise forex trading draws a lot of interest. Buying and selling from the comfort of your home computer or even on the go with a tablet or mobile phone these days looks like an easy way out. However, almost every new forex trader who enters the business starts with having a full time job. According many experienced traders you can successfully trade the market while keeping your day job and without having to drastically change your daily routine. Many aspiring traders seem to think that they won’t be able to trade...
Currency trading is growing in popularity among retail investors diversifying from traditional investments such as shares. The opportunity to be able to speculate on major currency pairs such as EUR/USD and EUR/GBP is attracting increasing numbers of retail investors. The currency broker is the one who facilitates your buy and sell orders and also allows you to research into the markets to help you make more informed decision and of course allows you deposit more funds or withdraw your profits when you want to. Access to currency market or as...
Several forex, binary options and commodities brokers are giving away generous bonusesnot pegged on initial deposits to new accounts. These offers are really great for the ones that are just starting with the currency trading, and are not yet ready to commit their own funds. Instead of going for a practice account, with a no deposit bonus it is possible to experience the feeling of winning and losing. One aspect of trading forex online is that there is a lot of competition between all forex brokers, and as such each of them will...
Forex traders tend to focus a lot of their time and energy on their trade entries. While it is very important to know how and when to enter a trade, it is equally crucial to know when to exit the trade. Most people have a detailed plan and set rules on how to enter the market, but newbie traders often overlook the importance of having an exit strategy. Exiting a trading position at the right time and price is arguably more important than your entry order, because only when you exit you confirm your profit. One of the most logical...
