Price action across the forex market is getting more exciting as global central banks are diverging on their monetary policies which ends a decade of universal loose monetary policy. Quantitative easing and ultra-low interest rates have guided the world economy from its last global financial crisis and the Great Recession into what is now expected to become the next global recession. This has started to attract more economists and analysts to question the long-term impact of quantitative easing and how global central banks will react as the...
Most of the beginners want to earn huge amount of money in a short time span and they find Forex market to be an attractive option. When you start currency trading online, you might have a lot of doubts and questions as to how does Forex work, how to build strategies, what kind of goals to set, etc. Before you start trading, it is important to have knowledge about the market. But what is more important is to set goals. Setting goals are important as they stop you from overtrading and also saves you from incurring losses. When the goals are...
Welcome back everyone to another exciting update in the fascinating world of forex and cryptocurrency trading! Bitcoin eclipsed the $9,000 level and you may hear and read more about FOMO driving price action higher. Who or what is FOMO? It’s an acronym which stands for “Fear of missing out”, basically everyone was scared of Bitcoin below $4,000, then watched it more than double and are now scared that if the remain on the sidelines for a bit longer we will soon have new all-time highs above $20,000. FOMO is dangerous and while I am bullish on...
Forex exchange rate is the ratio of the price of one currency relative to another. A couple of decades ago, the rate of any currency could be learned only from financial news on television or radio, but at the present time, everything is much easier and more convenient when working on the currency market. Absolutely all exchange rates can be seen in real time in the trading terminal (for example, Metatrader 4) for any currency pair. Moreover, it is realistic to see not only the current quotations of currencies as separate numbers but also to...
Italy is taking steps to move closer to regaining sovereignty lost since replacing the Lira with the Euro. Italy has struggled more than economists expected and Italian politicians often blame the Euro as well as Eurozone monetary policies for their malaise. The country is home to the third largest economy in the Eurozone and since the election of its populist government which forged an unlikely alliance for the time being, has increased its tough anti-EU and anti-Euro stance. Besides housing the third largest economy, Italy is also home to...
