China's manufacturing sector stabilized in September, as the number of export orders increased, private study showed on Tuesday, softening fears of "hard landing" of the second largest economy in the world, but pointing out on remaining significant risks in the sluggish economy. News from China may add pressure on the single European currency, which has a long time decline in relation to the American dollar. As it is known, the American and Chinese economies are quite closely related. The final purchasing managers' index...
London became the financial capital of the world in 2002, July 29th 2002 to be exact. July 29th 2002 was the day Sarbanes-Oxley became law in the U.S. and it killed New York’s status as the financial capital of the world. Several thousand financial firms vacated New York and fled to the new world. London welcomed business and did not plague private equity firms as well as hedge funds with idiotic and counter-productive regulation. London boomed and to this day remains the financial capital of the world. The UK parliament made a few...
The forex market is exciting and accessible to small retail traders because of the industry's high leverage options. Leverage gives a trader the ability to increase the potential return on an investment and it works both ways. However, it also increases potential risk. Therefore leveraging magnifies both gains and losses. Leveraging a position involves putting down collateral known as margin to take on a position that is larger in value. Forex trading is exciting because your broker is willing to essentially lend you money so you can...
The effect of the U.S. Fed idiocy from last week has slowly faded away as expected. Manufacturing data out of the U.S. showed continued weakness and currency pairs have slowly started to approach their regular trend as they find their way back into their patterns. Housing data was mixed at best and traders had one week to realize that their trades in reaction to the Fed decision where overextended. Traders started to take some profits and Eurozone developments should give traders more reason next week to correct their positions accordingly....
The reason why many new traders want to quit trading is most likely due to huge losses along with promising rags to riches within the end of the week. You have tried just about everything and nothing seems to work. Quitting seems like the only reasonable choice to make. However, more often than not this is the exact period where you learn some of the most important lessons as a forex trader. Because of expensive losses you are likely to re-assess your trading approach with a more realistic goal in mind. Most new traders will blow up the...
