As politicians in the UK return from the long Easter holiday weekend, they will have to face the same unresolved issues surrounding Brexit and how Prime Minister Theresa May is handling or mishandling the process. The UK was initially scheduled to leave the world’s largest trading block on March 29th 2019 which was then extended to April 12th 2019. While Brexit has divided the country, it has united it against the deal May negotiated with the EU over the past two plus years. Her Brexit deal was rejected three times by Parliament and May asked...
The concept of "wave" perception of the financial assets market, the foundations of which were developed by researcher Elliot, is well-known among Forex traders. Many know its key points, but very few of the traders actually practice it. Apparently, this situation is due to the fact that not all Forex traders understand the possibilities of its practical application, not all Forex traders are ready to use it to analyze the market and make informed trading decisions in currency trading. For Forex traders, it is important to understand the...
When most newbies cross over from demo to live, they usually believe that their demo trading results can be easily replicated on a real account. Because of that, some are left very frustrated when they realize that this isn’t always the case. Beginner forex traders are often encouraged to open a demo account first before risking real money on a live account. This way, they can put their newly learned skills to the test. However, if you have dabbled with a demo account for some time, how can you tell if you are ready to open a live one...
Being capable of identifying trends is one of the core skills a Forex trader should possess, as it can prove to be highly useful in making any Forex market prediction. If you have decided to join this market, then you have to know that the forex market trends can be influenced by several factors, and make yourself familiar with them. There are basically four major factors that affect the Foreign Exchange –a country’s economy, political conditions, market psychology and supply and demand. The value of a nation’s currency fluctuates regularly...
Just as many big banks have increased their bullish calls on the Euro on the back of an expected pick-up in economic activity, hard data pointed to the opposite. April PMI data was anticipated to point towards a rebound following a weak first-quarter, but today’s release pointed towards further contraction across key industries. Germany, the leader of the export oriented Eurozone economy, saw its Manufacturing PMI clock in at 44.5, below the expected reading of 45.0 and little changed from the 44.1 reported in March. Germany relies heavily on...
