As more and more deadlines approach and no deal is reached between Greece and its creditors the likelihood of a Grexit, which stands for a Greek exit from the Eurozone, is becoming a very realistic outcome. Forex traders need to monitor the situation very careful as it will have a big impact on the Euro. Up until now the exit of any Eurozone member was never this close to reality as it is this week. No deadline resulted in an agreement. The Troika tried to negotiate what Greece called unrealistic demands and the International Monetary Fund (...
Everyone who checked the AUDNZD today saw a big gap in price action and everyone who decided to take a closer look at the New Zealand Dollar will also see similar moves. While some may be shocked about this move, the AUDNZD gaped up by over 300 pips during the Asian morning trading session, but if you take a look at what happened fundamentally the picture will clear up. Remember that panic is never recommended. The biggest reason for the move in the New Zealand Dollar, the primary factor for the big 300 pips gap in the AUDNZD, was delivered...
When you trade forex you need to always be aware of what happens fundamentally in the countries which impact your currency pair as it will always create volatility and price movements. Regardless if you trade based on technical indicators or not, you need to keep track of fundamentals as well otherwise you will not fully understand price action and the charts may confuse you. Good forex traders are always aware of both sides. Global trade data is a very important aspect which should always be carefully read as trade has a big impact on GDP...
The EURUSD is the most traded and therefore the most liquid currency pair at the disposal of forex traders. Most trading positions are held in the EURUSD which often offers the best spread, the difference between the bid price and the ask price, or the cost of trading. You can find plenty of fundamental information and technical analysis on this currency pair which has enjoyed a rally of over 1,000 pips since recording its multi-decade lows. Will the rally in the EURUSD continue? That’s a question most traders need to have answered, but it...
A lot of forex traders enter the market without having a clear vision of how much trading capital is actually required. Many forex brokers have either no minimum deposit or a very small often, often less than $100. When you add leverage of 1:500 to that you $100 deposit can control $50,000. While the combination of a low deposits and high leverage does attract many to the forex market there are a few misconceptions on this topic. One of the biggest mistakes is that new forex traders apply the wrong math to the potential returns of their...
