The memories of Thursday, January 15th 2015 are still rather fresh and many may have not yet recovered from the day the Swiss National Bank decided to shock financial markets which wreaked havoc on the forex market.

PaxForex decided not to take active positions in any Swiss Franc related pairs as from a technical standpoint not enough data has been provided in order to create a proper analysis. The Euro has resumed its contraction which created attractive trading opportunities while caution is advised with the Japanese Yen.

In the history of the Swiss franc and the Swiss economy the last Thursday, January 15, 2015 will be mentioned, no doubt, as "Black Thursday". On this day, the course of the monetary unit of the Alpine republic in minutes flew by about a quarter against the euro and the US dollar.

China has struggled through 2014 with weaker than expected economic performance. This has reduced demand for commodities and the Chinese slowdown added to the decline in commodity prices especially outside of the price of oil. This has further dragged down the Australian Dollar and the New Zealand Dollar as well as the Canadian Dollar.

PaxForex advised its forex traders to take short positions in the USDCHF two weeks before the SNB decided to rattle financial markets. PaxForex traders who followed the trading recommendations were able to benefit from the surge in the Swiss Franc.

The Swiss National Bank shocked global financial markets today as it abandoned is minimum exchange rate against the Euro which it introduced in September of 2011. This limit put a floor under the EURCHF at 1.2000 and the SNB has defended this level ever since then. This move was completely unexpected and no economists had forecasted the SNB to take this drastic measure.

ECB staff allegedly developing a plan of quantitative easing in the amount of 500 billion of Euros, which can be run at the next ECB meeting on January 22. According to sources, the bank's employees wonder whether to disclose the monthly target of asset purchases, as well as a common goal.

There are plenty of posts written on why you should trade forex and others which explain the advantages a successful forex trader will enjoy. You will by now understand the importance of learning how to trade forex before you start placing your trades. What many often forget is how to manage the trade once the order has been executed.

PaxForex added several positions to its forex portfolio during the previous week and closed others for profits of 975 pips. This marked a great start to the new trading year and PaxForex is set to eclipse the 1,000 pips per month level in January or twice its expectations.

Over the past five years major central banks around the world from the Bank of Japan through the Bank of England to the Federal Reserve in the US have enforced an easy money policy. Interest rates were slashed to between 0.00% and 0.50% and currencies devalued in what many started to refer to as currency wars.

The EURUSD has corrected by over 2,000 pips since it tried to breakout above the crucial 1.4000 level back on May 8th 2014. The EURUSD managed to rally until an intra-day high of 1.3994 marked the end of an advance many forex traders did not understand.

The EURUSD has corrected by over 2,000 pips since it tried to breakout above the crucial 1.4000 level back on May 8th 2014. The EURUSD managed to rally until an intra-day high of 1.3994 marked the end of an advance many forex traders did not understand.

PaxForex had a great start into 2015 and confirms its guidance of double digit growth in its forex portfolio over the next twelve trading months. Forex traders should expect a volatile January which is likely to set the trading tone for the rest of the year.

PaxForex added to its forex positions in thin holiday trading as opportunities presented themselves which allowed for the creation of a more profitable forex portfolio. Paxforex is confident with the work done in 2014 to streamline it for a growth year in 2015.

CFD's are derivative of the securities. Such situation has developed for the reason that the dynamics of price movement of Contract for Difference on securities (shares) fully coincides with the dynamics of stock price movements, which are the underlying asset of CFD.

This week marks a short trading week due to the Christmas holidays which are observed in the developed world which means major trading hubs such as London, New York and Sydney will be closed as traders will take off time to celebrate this major holiday.

PaxForex added to its forex positions in the final full trading week of 2014 and is very confident that the forex portfolio is on course to see a strong start to trading in 2015. Paxforex plans to add more positions during this trading week if the opportunity presents itself.

The British Pound had a very volatile trading week which saw the British currency rally nicely, drop sharply and rally again today. Plenty of economic data was released during the week so far and forex traders have reacted to each individual report which is why the British Pound saw so much activity.

When it comes to trading forex there are plenty of factors required in order to succeed. The first step is to spend the proper time on education in order to understand the basics. This step should be taken very serious as it is important to build a strong foundation.

PaxForex is proud to announce the restructuring of its forex portfolio two weeks ahead of schedule. The new composition has been put together with a strong growth year for 2015 in mind. All long-term underperforming positions have been erased with the exception of three positions which will be carried over.

Last Friday forex traders received the non-farm payrolls reports or NFP report for November and the US Dollar launched a strong rally after the report. The NFP report showed that 321,000 jobs were added in November. This was far above expectations where the consensus called for the addition of 230,000 jobs. The unemployment rate remained unchanged at 5.8%.

It seems that the dominance of the American dollar continues. US employment growth in November at 314,000, along with some statements of representatives of the ECB, contributed to the fact that the US dollar index rose to the heights of 2006.

Trading psychology plays a crucial factor when it comes to trading and often is the biggest obstacle for traders to successfully manage. Many traders continue to lose money in forex because they fail to manage their own trading psychology. It is in our human nature that emotions are part of our daily life and often emotions guide actions.

PaxForex nears its completion of optimizations to its forex portfolio and is optimistic about a profitable first-quarter of 2015. Over the next three weeks Paxforex will complete the reductions of underperforming trading positions and replacement with new positions.

Close ties of the Canadian dollar with the oil business makes CAD a favorite for traders who play on oil prices. And traders do not make a mistake in their affections: a historical correlation between the Canadian dollar and crude oil is too "personal", to say the least. "Canadian" is the epitome of the classic term "commodity currencies" and a perfect example of the correlation between the exchange rate and commodity prices.

Last week several big economies have reported their third-quarter GDP reports and the scorecard may not be what many have expected especially after the Japanese economy entered its second official recession in as many years. The Japanese GDP report showed a contraction of 1.6% in the third-quarter which followed a much steeper contraction of 7.3% in the second-quarter as compared to 2013.

The non-farm payroll report or NFP report out of the US is often considered the most important economic report released out of the US. Forex traders often try to position their portfolios prior to the release in order to take advantage of the increase in volatility that usually accompanies the release of the NFP report.

PaxForex has lightened their forex portfolio and continued to cut underperformers in order to position its account for growth free of drag in 2015. Over the next four weeks Paxforex aims to reduce more underperforming trading positions and replace them by adding new forex positions.

Does central banks news has impact on market forecasts and thereby cause severe currency fluctuations? Studies suggest that yes, it does. Moreover, currency fluctuations can be caused not only by news on monetary policy decisions, but also by the words on the subsequent press conferences, which capable of causing a strong reaction in the market.

Facing a trading loss is as much part of trading forex as analyzing the charts for a trade, following economic developments for fundamental signals and earning money. Many traders feel uncomfortable with taking losses which can lead to even greater losses.

PaxForex resumed the streamlining of its forex portfolio and is currently approaching the midway point of this operation. Over the next five weeks Paxforex aims to reduce trading positions which were taken over eight weeks ago and adding new positions.

Forex traders received another dose of negative economic news out of the Eurozone during the morning trading session. Many worry that the Eurozone may enter a triple dip recession which means a third consecutive recession and pressure on the European Central Bank to act on a wider stimulus have grown over recent weeks.

PaxForex has started to streamline its portfolio and closed nine trading positions while adding four more. Over the next six weeks Paxforex aims to reduce trading positions which were taken over eight weeks ago and adding new positions. All our trades are focused on four currency pairs and one commodity and we will add positions to those trades according to our strategy.

PaxForex is expected to make portfolio changes to its open trading positions taken at the beginning of the second-half and hedge its forex positions partially in order to reduce total risk exposure and position the forex portfolio for more growth potential in order to close out 2014.

Today’s trading session saw another sharp drop in the Euro which initially appeared stronger enjoyed some upward momentum, as little as it was, which was a sigh of relieve for those trading on a stronger European currency.

The forex market continues to grow every day and more and more new forex traders enter the largest and most liquid financial market of the world. Daily turnover is set to exceed $6 trillion; this means that every day $6 trillion are exchanged. This amounts to over one-third of the annual GDP of the US every single day. The numbers are mind boggling and may even appear frightening.

PaxForex decided to manage its current forex account without expanding into new positions; depending on market conditions existing positions will be hedged. The rest of 2014 will be focused on streamlining the portfolio and wind down positions.

Forex is short for foreign exchange and it refers to the international currency trading market. This is an over-the-counter market which allows traders to participate in the ever-changing forex trading currency exchange rates. The forex market is basically open 24 hours per day, five days a week. There is no trading activity on the weekends.

PaxForex earned 2,495 pips in the previous week as seven trading positions were closed; all for a profit. This marks a very strong start to the fourth-quarter and we expect to add to this performance in coming weeks. Two closed positions were gold trades and we five were currency trades.

The success of any business depends on the right preparation and organization. Preliminary steps make the work more comfortable, and therefore more effective Forex training itself. Before the very beginning of trading in the Forex market a future trader should make several preparatory steps and arrange his workspace.

PaxForex slashed its floating trading losses by one-third over the past trading days and expanded its forex portfolio. Fourth-quarter profits are expected to exceed third-quarter profits for a strong finish to the 2014 trading year.

The foreign exchange market (Forex) is a global decentralized market for the trading of currencies. In terms of volume of trading it is by far the largest market in the world. The main participants in this market are the larger international banks. Financial centers around the world function as anchors of trading between a wide range of multiple types of buyers and sellers around the clock with the exception of weekends.

There are many forex traders who make huge profits yet many don’t have a college education and many don’t spent all day trading – what separates them from the rest is their mindset. Trading is a combination of method and mindset and this is what this article is all about.