Every trader wants to know for sure what will happen next. Knowing where the price is headed essentially dictates your success, by simply having you bet on the right horse. However, as you probably already know, forecasting Forex is not as simple as it may seem. In today’s discussion we will explore the most common solutions to how to predict market direction in Forex.

Roughly two weeks into 2019 and volatility is already rising across financial markets which impacts the forex market as well. Everything is connected in one way or another and successful forex traders understand that one needs to keep an eye out on developments in other sectors, such as equities, commodities and bonds, in order to get a complete picture. Understanding how they are connected can also offer great trading signals for currencies and improve overall profitability while it will decrease negative surprises.

The most profitable forex traders understand that financial markets are connected and that in order to maximize profits it is important to look at all aspects. Many forex traders, especially new ones, only scan their MT4 forex charts in order to find a profitable trade. This often only gives them a part of the bigger picture which in many cases results in losses and unexplained price action moves.

Last month, the US Nonfarm Payrolls report was a big disappointment for the most analysts and traders, showing a modest figure of 151K, instead of the forecasted 190-200K and above. This Friday's release will be especially interesting as traders again expect Nonfarm Payroll's growth though their forecasts are much modest this time.

PaxForex company recently introduced a new bonus to its traders called Loyal Deposit Bonus. According to recent estimates, the company got a significant increase of new customers thanks to the unique features and competitive advantages of this Forex bonus program.

Contract for difference or CFD is a financial instrument by which the trader has the opportunity to earn money, depending on fluctuations in the value of the underlying asset, which is the basis of the contract, by not having an asset itself.

The Government of Japan intends to explore measures that will help to minimize the negative effect of a significant weakening of the yen against foreign currencies. This was announced yesterday at a press conference in Tokyo by Japanese Finance Minister Taro Aso. The weakening of the yen is a consequence of the central bank's actions to mitigate the monetary policy. Such fluctuations in exchange rates favorable to export-oriented companies, but Japan has to consider a number of measures in connection with the growth of import prices.