News trading has proved to be one of the most popular and dependable trading methods in the Forex market, regardless of competence. The Forex market is the most vulnerable investment platform, which is considerably impacted by news from around the world. Consequently, by learning to take advantage of Forex news, forex traders can avoid several costly trading mistakes and improve their profitability. In fact, the ability to foresee and analyze Forex news is what separates an experienced forex trader from a novice one. Forex market is driven by...
While the US Federal Reserve attempted to lead an interest rate rise cycle, few answered the call which resulted in the first major global interest rate policy divergence since the last global financial crisis. The US central bank ended its campaign in December of 2018 amid heavy political pressure as well as a global economy which started to come to grips with the severity of the trader war the US started with China as well as other trade spats the Trump administration ushered in. The US Dollar enjoyed the tailwind provided by the central...
Good day friends, how many of you are glued to your MetaTrader MT4 trading terminal every day? I have quite a few friends who are active forex traders and have been in the markets for quite a few years. They are very dedicated and work hard, but as many other retail traders they have a day job they need to attend to which leaves them with two options: The first one is to spend the rest of their free time analyzing charts and finding trading opportunities while neglecting their families and ruin their overall social life and the second one is...
Forex trading is extremely versatile due to a variety of reasons such as the use of different Forex systems, forex strategies, and trading styles. There are many kinds of traders in the Forex market each with their own unique way of working. Some may choose to trade manually while others may prefer automated trading. The main goal of forex expert advisors (robots) is to facilitate online trading in the Forex market without the traders’ intervention. The Forex robot basically initiates and liquidates transactions without any kind of...
The trade war between the US and China is heating up with the People’s Daily, the official newspaper of China, stating “We advise the U.S. side not to underestimate the Chinese side’s ability to safeguard its development rights and interests. Don’t say we didn’t warn you! United States, don’t underestimate China’s ability to strike back.” At the same time, trade talks between the US and EU collapsed which added another layer of issues for the slowing global economy and distress for the US economy specifically. Many market participants from all...
