We can all agree that while currency trading can be very profitable, it does not come easily to everyone. More specifically, it does not come easily to anyone at all. In order to become a successful professional trader one has to spend a decent amount of time studying the market, developing and testing various strategic approaches and commit to making extremely important decisions on a daily basis. Of course, studying and practicing is available to anyone and as long as you do not rush you’ll gain all the knowledge and skills you need...
Foreign exchange market is a widely spread community of people from every area of expertise. Of course, most of the market participants are traders and brokers who are directly interested in the currency trading process. However, just like in any other industry, there are still a bunch of opportunities for a position behind the curtain. It is a segment of professionals who make the Forex trading possible and popular and sometimes do not trade on their own. In this article we are going to explore the complex world of making money through...
Foreign exchange market is now bigger than ever. For example, did you know that the daily currency volume that is being traded on the Forex is 5.3 trillion US dollars? To visualize that number imagine every single domestic product purchase (toothpaste, cleaning products ets.) around the world and then multiply this by four. Yes, Forex is just that big. And with the large amount of money comes a proportionally large number of scammers. This is our reality - some people prefer to make their profit the honest way and some take the path of...
The Mexican economy is often overlooked, but traders and investors who decide to ignore this Latin market may be missing out on great opportunities. Morgan Stanley, UBS Group and Societe Generale are growing more cautious on the outlook of the Mexican economy, but this doesn’t mean that trading opportunities don’t exist. The global economic slowdown is having an impact as well, but what does this mean for the Mexican Peso? One of the biggest obstacles to economic growth may come directly from President Lopez Obrador’s pledge to maintain a...
As the European Central Bank came under new leadership on November 1st when Christine Lagarde took over as President, the IMF wasted no time to issue a warning to all of Europe in regards to an economic slump. Interestingly enough, Lagarde was the Managing Director of the IMF. Many analysts are focused on the US-China trade truce, or better the first phase of it, which will do little to nothing to avert a pending global economic recession. Harvard Professor and former US Treasury Secretary Larry Summers added “I’m all for it. But I think we’ll...
