Last week, we had suggested that the US dollar was set to gain in strength, and over the last week – we think this has come to pass. The most obvious example of US dominance in the markets at the moment is the fact that the Dow Jones Industrial Average is now at all-time highs. […]
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The use of Forex robots is one of the more controversial issues in Forex Part of the controversy stems from the reviews provided by several traders who have found themselves on the receiving end of some junk robots. Many accounts have been decimated by these robots, causing some traders to jettison their use entirely. However, the use of […]
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During the previous week, we have seen a substantial and sustained sprint towards the perceived safety of the US dollar. The markets have been rocked by the Italian elections, and the inability to pick a government by the populace. Essentially, there is a “hung parliament” in Rome at the moment, and nobody seems willing to form a coalition. […]
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A major reason responsible for 95% of retail traders sustaining losses in the Forex market is not necessarily a failure to register profitable trades, but rather a constant repetition of 5 common Forex trading mistakes. In this article, we examine these mistakes and suggest ways that traders can avoid them. Mistake No. 1: The market players are squeaky clean […]
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Looking at the past week, we saw a lot of noise in the Forex markets. By far, the biggest amount of noise came from the Federal Reserve and its release of the minutes from last month’s meeting. The release showed that several members of the FMOC suggested there were parameters to cut back on the […]
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Forex platforms provide traders with the access that they require to participate in the purchase and sale of currencies in the market. They are an advancement of the telephone trades of yesteryear where traders had to call brokers on the phone to place trades, with no control over the price at which a currency was bought and […]
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Looking at the upcoming week, it doesn’t take much to imagine that there will be some volatility. After all, we’ve seen the markets move quite rapidly in both directions, as we go from a “risk on” to a “risk off” type of environment. One of the biggest problems that we have going right now as […]
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Today we are looking to shed light on the existence of some free trading tools that will enhance the performance of your Forex portfolios. Some of these tools are : Carry Trade Calculator The carry trade calculator is used to determine the interest that is accruable to the trader who has a long position on a […]
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Over the course of the last week, we have seen quite a few changes in the attitude of central banks and watched the Forex markets react accordingly. Early in the week on Monday, we saw the Reserve Bank of Australia hold its rates, which suggests that perhaps the Aussie economy is starting to lose steam. […]
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Too many traders put all their attention into trying to make money from trading Forex at the expense of a very important aspect of it – money management. Trading Forex without paying attention to money management is like pouring water into a basket full of holes. The more you put in, the more it leaks out. There is […]
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