Konnichiwa. My name is Daido and I am from Okinawa. Today I want to share with you my approach to earn money from trading forex. I have entered the forex market only two years ago, but before that I studied it for another two years. I still consider myself a new trader, but with enough experience to avoid the most common mistakes. I think that in order to truly become successful as a trader, you need to master the market. In order to mater the market, you need to spend time with it. I compare it to martial arts where you will repeat each new...
Success with forex market investments is tied to the investor's ability to identify trends and position themselves for profitable entry and exit points. Forex trend is an integral concept of technical analysis that provides information about the general direction of the market. A trend can either be long-term or short term, depending upon economic, sentimental and other fundamental influences. It may not always be possible to identify the absolute beginning or end of a trend. However, traders can seek to get into a trade at least early enough...
The dollar traded near a two-week peak on Friday morning due to increased demand for safe assets due to the uncertainty surrounding China-US trade negotiations and worries about the expansion of the global economy. US President Donald Trump said the day before that he did not plan to meet with Chinese leader Xi Jinping before March 1, the date of the expiration of the deadline during which Washington and Beijing should conclude a trade deal. Traders also fear a possible slowdown in global financial and economic growth. The European...
After months of economic disappointments out of the Eurozone, it was only a matter of time until the EU cold no longer procrastinate what many traders, analysts and fund managers already knew: the Eurozone economy is deteriorating fast. Not only did the European Commission drastically cut its growth forecast for 2019, but it further stated that Brexit as well as the slowing Chinese economy would further decrease growth prospects for the Eurozone. Some of the biggest contributors to the grim growth outlook were political instability in Italy,...
One of the key components of understanding the movement of currency pairs in Forex is to work on the news. The ability to work on the news is very important both for the novice trader and for the experienced trader, who seeks to increase his own professionalism. Every day, drawing up a trading strategy, the trader should analyze the news calendar for the planned trading period. In order for trading in the Forex market based on outgoing news to be successful, you should: - to know the approximate time period when you can expect the release...
