This Friday, the attention of traders will be focused on the first in the new year figures of labor statistics from the United States. Employment in the non-agricultural sector (NonFarm Payrolls), Average Hourly Earnings, as well as the Unemployment Rate will determine the future direction of the American currency.
I talked about my outlook for Gold, Silver, and the EURUSD in the first part of this three-part series. Feel free to get my price targets at “2020 Predictions Part One”. Commodities enjoyed a stellar start to the year after US President Trump ordered an airstrike to kill Iranian General Qasem Soleimani on Iraqi soil. The increase in tension pushed traders into safe-haven assets like Gold and its smaller sibling Silver. We have seen a pullback from the highs, but I think there is plenty of upside left. Now let’s take a look at three more...
Forex is the most liquid and rapidly growing financial market in the world, where the exchange of world currencies takes place. Currency operations can be performed 24 hours a day, five days a week. With the advent of special programs (such as Metatrader 4), the mass spread of the Internet and the development of available brokerage services, almost each and every interested person got a possibility to earn money on fluctuations of rates, placing a bet on raising or lowering of the price of a financial instrument; all these have led to a...
Undoubtedly the choice of trusted Forex broker company is the most important step the beginner trader takes and should be taken as serious as possible, if not you jeopardize your all the chances to make your trading successful and safe, which is extremely important in terms of your funds. You need to understand that the Forex broker company you choose determines your future trading experience: it equips you with the trading platform, provides you with the opportunity to deposit and to withdraw your profits with no restrictions and ensures...
The Forex market is known to be the largest financial platform in the world. The biggest banks exchange currencies here and huge amounts are invested here to profit from the difference in exchange rates (speculation). Meanwhile, to get started one needs only a trading account, desire to make money (sounds as a cliché, but still) and a laptop, of course. Forex market does not forgive mistakes, but at the same time it gives an opportunity to increase any amount. This is the “toughest" market and in order not to lose the...
