Wall Street looked set to open higher on Tuesday, as investors keep a close watch of the Federal Reserve's two-day meeting where it is widely expected to raise interest rates for the second time since the financial crisis. A hike of 25 basis points in the Fed's target range of 0.25-0.50 percent is priced in, but investors will be examining the Fed's statement and economic forecasts for signs of the central bank's thinking on how Donald Trump's election has affected the outlook for growth and inflation. The S&P 500 and Nasdaq Composite...
A flip of losing positions is one of the most successful strategies in the Forex market. The technology is quite simple - it is necessary to close loss-making positions and open the opposite ones in order to minimize losses and get out at a profit. However, this seemingly simple technique is not as simple as it may seem at first glance. No one can guarantee that such a re-entry will be 100% profitable. The main idea of this strategy is based on an unpredictable movement of the market and the inability to be 100 percent sure that the...
Extreme forex market volatility and major headlines has made forex trading more popular than ever. Market conditions remain as challenging as ever and many novice forex speculators have found it very difficult to preserve capital - much less turn profits. Establishing a forex trading strategy helps you to take a more objective approach to your trading. In the short term, you are trading on the basis of tested methods rather than individual hunches. A set of analyses that a forex day trader uses to determine whether to buy or sell a...
Everyone’s attitudes, beliefs, and thoughts on finance can and necessarily will play a crucial role in whether you finish rich or not. That’s why it’s worthy to listen to those who is already there, at the top, and take their words not just for inspiration but also for the implementation in your Forex trading activity. PaxForex selected for you quotations about money from self-made wealthy people that can really shift your whole outlook on trading, building your own business, and successful investing. Another purpose of this selection...
Although currency market is the largest financial market in the world, it is relatively unfamiliar terrain for retail traders. Currency market is the most widely traded market in the world, with more than $4 trillion being bought and sold every single day. You can speculate on the future direction of currencies, taking either a long or short position depending on whether you think the currency’s value will go up or down. If you have been thinking of ways to trade the falling euro (EUR), or any other currency, you might consider the...
