In forex trading, as far as predicting price goes, nothing is a certainty and anyone claiming otherwise has never traded the markets or is selling a pot of gold at the end of a rainbow. Predicting price direction is based on probabilities. Either the price has a higher probability of going in your favor or it does not. Identifying the areas on a chart that offers the highest probability for a successful trade is the skill. As traders, our goal is not to believe we can forecast the next layer of irrational reaction to future news we cannot...
Investors have not had a chance to fully digest what the announced tariff truce between the US and China means, but US President Trump has already moved towards his next target. While the trade dispute between the US and the EU started before Trump took office, it is expected that ties between both sides will deteriorate. At the center of the dispute are US based Boeing and EU based Airbus. The US has accused the EU of heavy subsidies for Airbus which give the aerospace and defence giant an unfair advantage. Trump has added to the dispute by...
My friends, welcome. I’m Osayuki from Benin City in Nigeria. Many may not be aware of this, but Nigeria is very fond of the forex market and there are millions of forex traders in my great country. The problem is that many are, unfortunately, not profitable and are seeking to take advantage of forex trading in order to better their life. Benin City, currently best known for its rubber and oil industry, offers a great way of life for those who are serious about working hard for it. Where many of my friends see problems, I see...
Any story about a successful forex trader must include consistent profits. We can all agree that most traders use profits to benchmark the success of another. However, success in any endeavor is about more than just money. It’s also about the joy and passion it adds to your life. Many traders dream of becoming independent and profitable traders, but few of them succeed. Some traders like the thrill of trading, but in reality, trading is much more than gambling. If you have a detailed trading plan, perform your analysis regularly, and...
This year’s G20 Summit will be hosted by Japanese Prime Minister Abe in Osaka Japan. It will start on Friday, June 28th 2019 at 0915 local time with a pre-summit press conference and end on Saturday, June 29th 2019 at 1345 local time with a closing session. While several key global issues are on the agenda, forex traders will likely focus on bilateral sidelines meeting which will be held throughout the summit. The most important one will be the meeting between US President Trump and Chinese President Xi, where hopes ride high that both leaders...
