Margin is one of the reasons forex trading has become so common and popular nowadays. It allows traders even with little capital to participate in what would usually be a hundred thousand dollar trades at the minimum. However, margin can also turn into a poison pill when you’re on the wrong side of the market. Trading on margin can be a useful way of making your capital go further, enabling you to make profits far in excess of traditional trades without having to commit to a larger deposit. But it also comes with the risk of much...
Forex traders use two types of analysis to predict the behavior of currency prices - fundamental and technical. What is fundamental analysis and why does it deserve close attention? Fundamental analysis of the Forex financial market is based on an assessment of important international economic reports. Traders study release numbers and compare them, draw conclusions, which are then used in their trading strategies. To make a profitable trade, the fundamental analyst should always be aware of all the most important economic news (national...
Building wealth as a forex trader is about learning how the market works, understanding what influences it, and developing strategies toward making successful trades which help you build your profit margin. Financial freedom means being able to pay for your expenses without working. Meaning even if you trade and get to a point where the amount of money you make a month from trading is more than your monthly expenses, you would still not have attained financial freedom because if anything happens to you, like getting sick or anything that...
We may have already reached peak interest rates in the US after the Federal Reserve gave into pressures by President Trump and abandoned its interest rate increase campaign. The US central bank was under severe criticism for hiking interest rates four times in 2018 and not only from the White House. The minority view is that the economy is unable to perform in the current low interest rate environment and that more stimulus is needed. Fears have grown that as interest rates rose throughout 2018, that it will derail the sluggish economic...
Welcome back everyone to this week’s edition of my Bitcoin - Forex Combo Strategy. Last week I briefly touched on the Swedish Government hack which for 30 minutes claimed that Sweden has adopted Bitcoin as their official currency. This was obviously incorrect, but Sweden is leading the push into a cashless society and is exploring the issuance of a digital Swedish currency backed by the government. You can read about it in my post “Bitcoin - Forex Combo Strategy: Swedish Government Bitcoin Hack”. Today I want to discuss what happened in Hong...
