The Chinese leadership has lowered its GDP growth target range for 2019 to between 6.0% and 6.5%. This is down from the previous estimate of a growth figure of 6.6% annualized. The adoption of a target range instead of a fixed GDP figure gives Chinese policy makers more room to maneuver through difficult economic times. The Chinese economy is faced with a rising debt level at a time when the economy is slowing down and maturing from an emerging market to a developed one. The new growth range was presented by Chinese Premier Li Keqiang to the...
Hedging is one of the most popular forex trading tactics. The essence of it is to reduce the dangers of investing in any instrument (or tangible asset) by investing in another. As practice has shown, this means that on the Forex market, a trader must be able to open balanced positions in several currencies at once, so that the possible losses from one position are almost completely compensated by the profit on the other. It must be emphasized that hedging is actively used in all markets. Moreover, it should be aimed at reducing the risk of...
Hello everyone, I am glad you joined me for this post where I will explain my Stress-Free Forex Dance. Now I know what you may think, what does a dance have to do with forex trading. I will explain in this post why I combine both and how I create a stress-free forex trading approach which has been profitable for me for the past eight years. I am 51 years old and I grew up in Colombia. I moved to Spain as a college student where I earned my masters degree in finance. I had to work two jobs as a college student just to make it through university...
The ability to learn from one’s mistakes is a valued asset in all parts of life. But it’s especially true when it comes to money. Investing is all about money and having a trading diary, regardless if you’re a day trader, or focused on the long term, is a must. Having a record of what you’ve done when opening and closing trades allows you to go around one of our main human flaws – forgetting and repeating mistakes. You may ask why it is important to keep a journal when you have all your trades in the account...
Hopes were not high for the second summit between President Trump and Supreme Leader Kim Jong-un, but the pressure to actually produce something meaningful and with substance was elevated. After the historic first meeting between the leadership of the US and North Korea last year in Singapore, there was plenty of positive commentary while nothing was actually accomplished. The second summit collapsed under the pressure as Trump walked out of the meeting after pressing North Korea for more concessions without success. The silver lining remains...
