Welcome friends. My name is Nyala and I am from Addis Ababa, Ethiopia. Many of you may be very unfamiliar with my country or know it for some negative news coverage as we are bordered by countries which have fought plenty of wars in recent memory. Ethiopia is the second most populous nation on the African continent as well as the largest landlocked country on our planet. So allow me to be an ambassador for the great opportunists Ethiopia has to offer and shine a much more positive light on everyday life right here in my city. Addis Ababa is a...
Discipline and patience are all about putting emotions behind and sticking to a set trading strategy even when faced with an unfavorable trading condition or scenario. From preparation to execution, being a more patient and disciplined trader can drive you towards success. It means being able to better control emotions, focus on the objective and manage efficiency to reach the desired output for the day. In the trial and error stages of trading, it is also what sets successful strategies from unreliable systems. Once you know what to expect...
After months of being criticized by President Trump for raising interest rates, the US Federal Reserve gave in and delivered on his wish. Central banks are supposed to be independent, but in many cases they bow to pressure from the government. Fed Chief Powell basically ruled out any more interest rate increases for 2019 and at the same time lowered the growth outlook of the US for the year to 2.1%. While risk assets have initially cheered the move, this trend starts to slowly reverse as reality sets in. Global growth is a lot weaker and...
Many novice traders ask: What is the timeframe, why is it needed and how to work with it. Let's look at this issue in more detail. What is timeframe? This is a specific period of time reflected in the graph of the working asset. It is used to form the quotes of the price chart for each asset used. A timeframe is used in the construction of indicators of candlestick, linear and other types of technical analysis. Traders divide timeframes into many types. They can start from very short to time intervals per month. Almost all terminals...
Great to see everyone back and welcome to the new followers of my Bitcoin - Forex Combo Strategy which I execute right here at PaxForex! Let’s dive right into, shall we? Let me follow up on last week’s post “Bitcoin - Forex Combo Strategy: Ripple Opening New Frontiers” really quick, as Google just launched its cloud-based gaming platform Stadia which doesn’t require a gaming console or long downloads anymore as everything is hosted in the cloud and players can start playing on one device, for example their PC at home, and then pick-up the game...
