What makes a true Forex market professional? For starters, it’s some very specific characteristic values such as patience and logic. Then there is the knowledge of currency exchange market and a certain set of trading skills. But above all, the main quality of a professional Forex trader is the ability to systemize the data from the market and use it to plan successful trades ahead. Most Forex newbies quickly get discouraged by the fact that there is so much to learn in order to get any good results. That is a major mistake because...
In less than 48 hours the EU summit will start and both sides are racing to put a deal together. Boris Johnson, the British PM, wants to have a deal by the end of the summit which he can take back to Parliament. He has urged MPs to back any deal he will bring back from Brussels so that the UK can finally deliver on the Brexit referendum and leave on October 31st 2019. Optimism is now on the rise and after the British Pound reached a three-month high it started to pull back as time is running out. The UK has earlier submitted a revision to its...
As you may already know, Forex trading is an extremely popular way to make a decent amount of money in the past few years. The best thing about it is that virtually anyone can become a professional trader without any previous knowledge or experience. Although there are some initial stages you will need to pass before you get any good, all that time can be considered as an investment to your worry free future. The one question that might confuse you at this point is where to start in order to become a successful Forex trader? And that is why...
A trade deal between the US and China is very unlikely as high-level trade talks will be held today in Washington. News that talks have stalled during yesterday’s mid-level talks and that the Chinese delegation led by Vice Premier Liu He may return back to China today, instead of staying until tomorrow which was the original plan. It remains unclear what will happen, bit both sides are aware that a deal cannot be reached. In order to safe face on the global stage and extend negotiations a mini-deal may be announced. The currency pact which is...
Many new traders mistakenly believe that analysis is not a necessary part of trading. More often than not this misconception comes from self-pronounced market mentors who recommend to treat trading like gambling without going into too much detail. There are a number of issues with this approach, but today we are going to focus on the most important one: the problem with ignoring the significance of Forex analysis.
