When people look to buy property, they typically use an estate agent. These people use their contacts in the property market to help buyers and sellers come together. Essentially, estate agents are acting as middlemen. A Forex broker performs the same function – except the market they specialize in is currencies. So if you want to trade particular currency pairs – you need to find a broker that provides access to your desired instruments. While brokers are not essential to speculate markets (ie. you can go to your bank and buy...
The majority of forex traders are currently focused with the US Federal Reserve and its interest rate cut, how Brexit will play out or, where the China-US trade war is headed or how much weaker the Eurozone economy can get. This morning’s data showed the key Eurozone Business Climate Indicator for July drop into negative territory with a -0.12 reading. This overshadowed a rare piece of positive news for the Euro after the German Constitutional Court ruled that the 2014 EU Banking Union, more specifically the Single Supervisory Mechanism and...
I am almost certain that almost none of you has ever heard of Quetzaltenango, maybe better known to some by it Mayan name of Xelajú. It is where I grew up and lived the first twenty-three years of my life. My name is Ximena and this is my migration story which enabled me to have a future and most likely saved my life. I am writing this on my thirty-seventh birthday as I decided to take a momentum to reflect on the path I travelled, where it led me and what lies ahead. Maybe this will inspire some to work smart in order to take control of your...
With the advent of powerful computers, many areas of business have changed dramatically, and currency exchange trading is no exception. What you see in the films about Wall Street is no longer relevant - all passions from the stuffy halls with a crowd of screaming people went to the Internet, and live traders are gradually crowding out by trading advisors - programs that can open and close deals on a predetermined algorithm. Advisors in the Forex market are widely used thanks to the Metatrader trading platform, which supports the functional...
After winning the leadership race with a 2-1 majority, Boris Johnson became the new Prime Minister of the UK and which now has its first Brexit cabinet after the referendum. The extended Brexit data stands at October 31st 2019, but the EU stated it is willing to extend again. This is something Prime Minister Johnson has ruled out as he promised to deliver on Brexit and move the country forward. He has less than 100 days to deliver. With less than 24 hours in his new job, he wasted no time to reshuffle the cabinet and install pro-Brexit...
