There are two different ways to analyze currency pairs; one way is a technical analysis and the other one is a fundamental analysis. Today we will take a look at the fundamental analysis and one of the most important factors forex traders need to keep track of are economic news which gravely impact currency pairs. Even traders who execute trades based on technical analysis need to be aware of economic news as they will impact price action and therefore the technical charts. Economic news are released every trading day, but not every country...
The main principle of short term trading can be considered as a statement that the smaller the duration of trading, the less money you can earn. Think about your last investment in something not related with Forex. Most likely the term of it exceeded one day. Because the universal rule of life corresponds to the principal rule of speculation: a growth of earnings takes time. Successful Forex traders know that in one minute the market can move only at some very short distance; in 5 minutes it might take a little further ; in 60 minutes - even...
The Chinese economy has been slowing down for an extended period of time and nobody argues about the impact it has on the global economy. China is now the world’s largest economy and if the world’s biggest exporter and consumer of raw materials slows down the rest of the world will feel a negative impact. Since the Chinese slowdown is evident the main question which emerged has been the following: Will the Chinese economy experience a soft landing? The majority believes that China can avoid a hard landing and while the economic slowdown is...
Yesterday, oil prices continued to decline. Early morning futures for Brent crude fell by 28 cents to 82.06 dollars per barrel, and futures for WTI - by 34 cents to 77.06. Earlier, when in the US was still Monday, Brent crude oil price fell to four-year low. Since the end of June, world oil prices have fallen by 30%. Futures price has gone down in the evening of the same day under the influence of statements of Kuwaiti Oil Minister that he does not expect a decision to reduce production by OPEC. "I do not think that any reduction in...
Given the strong growth trajectory of the forex market which set it apart as the world’s most liquid and largest financial market of the world it is only natural that a small segment of the retail market is inhabited by scammers who try to capitalize on both the popularity and growth of the forex market and the drive by new forex traders to achieve large profits with small capital in an even smaller amount of time. This is the perfect s Scenario for scammers to reach out and realize the dreams of new traders by riding the lack of...
