Earlier today UK PM Johnson published his Brexit deal which replaced the Irish backstop which was the main stumbling block in the existing deal negotiated by his predecessor May and rejected three times in parliament. He has made a major concession to the EU with his proposal that all Northern Ireland will follow EU rules on manufactured goods and agriculture. In order to the get DUP on board, his plan allows Northern Ireland to decide by 2025 if they want continue following EU rules or adapt UK ones. He also promised Northern Ireland billions...
Three unrelated events, but yet related to the slowdown in the global economy. Times are about to get more turbulent as the three events indicate. The global economic slowdown is in full swing, the trade war between the US and China may only be the tip of the iceberg with plenty of other developments giving reason to take a second look at asset allocation. The Espionage scandal surround Credit Suisse is still unfolding, Japan just completed the worst bond sale in three years as central bank buying was absent and Norway withdrew almost $400...
Technical Forex analysis is one of the most commonly used methods of strategically planning your trades. The purpose of technical analysis is to track the price movement and attempt to forecast the upcoming changes. This process can involve studying data for a particular currency pair through different timeframes, such as week, month or even a year. Being purely mathematical, technical analysis usually receives more attention from experienced traders as well as from newbies. The reason for that is the somewhat confusing nature of the other...
Becoming a successful trader is entirely possible for anyone who is ready to go through several preparation stages. Start by getting a clear picture of what currency trading is all about and whether you are up for getting to know it in detail. Then focus on gaining as much knowledge as possible by going through multiple sources such as blogs, video tutorials and guides. As you become more and more familiar with Forex trading, you will quickly come across a mention of trading platforms. The platform is where all the trades take place. It is...
As a trader you sometimes may wonder how much money do Forex brokers make and how exactly do they do it. If you are new to currency trading the job of a broker might seem minor and unnecessary. However, every experienced trader will tell you that having a reliable broker is more than half of your success on Forex. To better understand how Forex brokers make their money, let’s talk about brokers in general and ways to ensure you go with the right one for you. How to choose a reliable Forex broker For starters, we should establish how...
