Global trade optimism was slightly crushed as the US announced that existing tariffs on China will remain in place until after the US presidential election in November. President Trump will sign the phase-one trade deal in Washington today, together with senior Chinese political figures. Presidents usually don’t sign trade deals, but Trump has made it a habit of inking even marginal ones and then claiming a massive victory for the US economy. The Japanese and South Korean trade deals are the most recent examples.
The international currency market, like forbidden fruit, continues to attract both institutional investors and individual traders. The number of traders willing to join the army and the volume of operations on the currency market is growing like weeds. Neither the fall of volatility in Forex to historic lows, nor the growth of bonds volume with negative profitability to nearly $17 trillion, nor the terrifying stories that more than 90% of novice traders are losing money… Nothing stops them. According to Bank for International...
Switzerland is back on the US Treasury Department currency watch list, one step shy of being labeled a currency manipulator. According to the 1988 Omnibus Foreign Trade and Competitiveness Act, the US Treasury Department has to conduct an annualized review to determine which country manipulates its currency to gain a competitive advantage against the US. The biggest drawback of being designated a currency manipulator by the US is the exclusion of US government procurement contracts. Updates are conducted every six months.
Many beginner traders start their journey to success with intraday trading. Probably they master these strategies because the result can be known at the end of the working day instead of a week later. Day trading or intra-day trading involves the execution of short-term contracts, when the transactions can be made within 5 minutes, an hour, 4 hours... For such a trade, a trader can have a small working capital, but quickly react to the behaviour of the currency rate and watch out. Intraday trading allows you not to get large losses due to...
It`s not a secret that the quality of the trading strategy determines the trader`s career - will he stay in the market for a long time or will lose the deposit within couple trades? Will he change one algorithm after another each week or will stick to one that really works? We have prepared the top 4 forex trading strategies which work perfectly for many traders in 2020. These strategies are suited for different scenarios and market conditions. Channel Trading Channel Trading is a simple and profitable Forex strategy. Its...
