If you want to be a lawyer, doctor, engineer or skilled worker – to work in any professional capacity – you face several years of education and many years of practice before you become really successful in your profession. Becoming a successful forex trader is not a task easier than either of those professions mentioned above. I would claim it is even more difficult as there is no structured formal education available for retail forex traders. However, just because there is no formal education for it, that doesn’t mean you can’t succeed in...
Here are the key factors to keep in mind today for Gold trades: Japanese Machine Orders: The Japanese economy continues to struggle and release economic reports which point towards a global economy slowing down fast. Economists predicted machine orders to contract by 3.3% in July monthly and to rise by 10.3% annualized. The released figure showed a contraction of 3.6% monthly and an increase of only 2.8%. Forex traders can compare this to the contraction of 7.9% and increase of 16.6% reported for June. Australian Consumer Inflation...
The foreign exchange market is a global decentralized market for currencies trading. In terms of volume of trading, it is by far the largest market in the world. The main participants in this market are the larger international banks. Financial centers around the world function as anchors of trading between a wide range of multiple types of buyers and sellers around the clock, with the exception of weekends. The foreign exchange market assists international trade and investments by enabling currency conversion. For example, it permits a...
The currency of every country can potentially be converted to a universal and exchangeable foreign currency in international markets; this however happens only when such a currency is demanded from other countries. The increase of currency demand in global foreign currency exchange markets results in the discussion of currency geopolitics. It means that a country which is successful in providing its economic and political security will also be able to employ its currency as a globally valid currency. Geopolitics is nothing more than a fancy...
PaxForex company recently introduced a new bonus to its traders called Loyal Deposit Bonus. According to recent estimates, the company got a significant increase of new customers thanks to the unique features and competitive advantages of this Forex bonus program. We offer to any customer to make a deposit of $500 or more to his trading account and the company gives a special bonus that is equal to the deposited amount. This provides the greatest security of financial operations to any kind of trader. Thus, any investor is able to use the...
