Here are the key factors to keep in mind today for Euro trades: German GDP: Forex traders received the final German GDP revision for the second-quarter today. Economists were looking for no change from the previously released GDP report which showed an increase of 0.4% quarterly and 1.6% annualized and this morning’s report confirmed expectations. German capital investment contracted by 0.4% quarterly which was worse than the 0.3% contraction expected. Forex traders can compare this to the 1.7% increase which was previously reported. German...
Easy access to the global financial market through the forex brokers which are offering leveraged trading accounts is very promising for retail traders and their expectations. It promises an irresistible combination of wealth and independence. All you need is a computer and an internet connection – and then you can earn a fortune from the comfort of your home. However, not many of them have on mind that the amount of capital they have at their disposal will greatly affect their ability to make a living from trading. Every trader dreams of...
Trading psychology is the perception change that you go through once you are actively in the markets trading your own money. When trading on a demo account, it seems like it would be easy to make money and there seems to be no reason why you wouldn’t be able to start making money with a live account. Then you make that first live trade and you start to feel indecisive about when to take profit, or cut your losses. Based upon how well you know yourself and are able to profit from your strong points, as well as control you weak ones, has a lot...
Economic news tends to be one of the most important catalysts for short-term movements in any market, but this is particularly true in the currency market, which responds not only to U.S. economic news, but also to news from around the world. With at least eight major currencies available for trading at most currency brokers, there is always some piece of economic data slated for release that traders can use to inform the positions they take. There are scheduled economic news releases that are due to be released throughout the day. These can...
Here are the key factors to keep in mind today for US Dollar trades: US Empire Manufacturing Index: Forex traders will get the regional manufacturing index for the state of New York today. Economists expect an increase to 4.50 in August from July where the Empire Manufacturing Index was reported at 3.86. Regional reports have been extremely volatile out of the US and forex trades should look deeper in the report in order to get a better picture of the strengths and weaknesses in today’s report. Items such as prices paid, orders and...
