A financial calendar (also referred to as an economic calendar) is used by traders, shareholders and the media alike, in order to track the important events of the economy. The majority of the time, this is to check for market-moving events, such as monthly jobless claims, factory orders and debt auctions which are all found in the economic calendar. Several high-profile sites and forex brokers are publishing release dates for forthcoming economic reports each week. It is a creation of economists who forecast economic statistics and values...
The value of one currency against another is in large part a function of central bank policies in each country. If a central bank pursues loose policy, low interest rates that increase the risk of inflation, a currency will fall in value relative to the currencies of its trading partners. When a central bank tightens policy, raises interest rates, then the currency generally strengthens. When people in one country demand products from firms in another country, they must enter into another market first to buy that nation’s currency....
The psychology of forex trading is all about human emotions which are involved with trading and it comes in play when forex traders are investing. Forex traders are exposed to a lot of stress during trading regardless of whether they are earning or losing; they just want to continue trading. This kind of way off trading where human emotions are involved can produce a lot of losing trades and it will lead to losing the account and discouragement. When it comes to forex trading like any other job taking a break once in a while is essential and...
Here are the key factors to keep in mind today for US Dollar trades: US Housing Starts and Building Permits: Forex traders will receive some important data on the health of the US housing market today. Housing starts are expected to increase by 7.0% in June to 1,109,000 units and building permits are expected to decrease by 8.0% to 1,150,000 units. This would be a reversal from May where housing starts plunged by 11.1% to 1,036,000 units and building permits rose by 11.8% to 1,275,000 units. Despite the expected increase in housing starts,...
Technical indicators are mathematical calculations based on a trading instrument's past and current price and/or volume activity. Many investors and active traders use technical trading indicators to help identify high probability trade entry and exit points. Hundreds of indicators are available on most trading platforms but that doesn’t mean that you should use all of them or as many as you can. By using too many indicators, your messy chart won’t be useful. Over analysis can hide obvious opportunities that you could spot...
