Are you currently in the field of the foreign exchange trading business? Do you know the things that you should do for you to be able to grow and be successful with it? Do you know what “follow-through” has to do with this type of business? Well, to start off, we all know how risky [...]
In today’s crisis that we are experiencing, the dollar can really fall down and theoretically speaking, it can go down to zero. That is what has happened to every currency that has ever existed. The question is that will the central banks help the dollar? This is the question that has a no answer because [...]
Always bear in mind that the Forex market maneuvers on a 24-hour trade date basis instigating at 5 p.m. Eastern Time (ET) and ending the next day at 5 p.m. ET. So how does the tomorrow next go? If it’s a Monday and presuming there is no holiday, spot currencies are trading for value on [...]
In order to understand more the Economic Calendar, here are the different terms that are used in order to predict the changes in the economy: 1. Consumer Price Index (CPI). This is the average of prices of consumer goods and services (e.g. food, transportation). It is used in assessing the cost of living. 2. Gross [...]
In the United States Session, New York is deemed the second principal Forex market place. New York is also the pecuniary center that guards the back door of the world’s FX market as trading motion. The mainstream of the transactions during the US sessions are executed between eight in the morning and five in the [...]
Many businessmen use the economic calendar for their daily activities. The economic calendar isn’t just any ordinary calendar. This calendar is used specifically by traders. It is used in order to track the different occurrences in the market. The economic calendar helps the traders to study or research the date and time of a specific [...]
In the Forex trading market, there is a certain principle that is usually followed by traders. This principle is the Elliot Wave principle, a principle made by Ralph Nelson Elliott back in the 1930s. This principle interconnects everything in the trends of the market, such as financial markets to fashion, politics and many more. The [...]
Many people earn their income or money by exchanging their goods. This trading usually happens between local communities but this article will tackle about foreign exchange markets especially in the United States. First, what is foreign exchange? Foreign exchange is the value or money of a foreign country. A foreign exchange transaction, on the other [...]
Many trading systems or even corporations apply the Elliot Wave Principle. This is because this principle bases itself on the moves of the larger trend and with the three waves opposite to it. It is applicable and can be shown in different types of charts, monthly, hourly – you name it. Elliot Waves, when used [...]
If you don’t have guts, you can’t have success in the trading industry. This industry needs people who are able to take risks but are wise in taking any risks that they choose. Trading is like gambling in a sense. You trade something of your own, and then have something in return. You know that [...]