How To Become A Succesful Forex Trader With Technical Trading Skills

How To Become A Succesful Forex Trader With Technical Trading Skills

Forex trading is a large and confusing enterprise. There are many forex traders who have experienced success. These successful forex traders attract many people into the open to join forex trading market. Once these people have joined the market, many are not patient enough to succeed as their role models. Success in forex trading is easy. It needs to gain the technical skills of a pro and the patience to become a longe term trader rather than expecting quick riches. If you are starting out in forex trading, here are some tips on how to become a successful forex trader. Continue Reading →

The year 2016 ends imposing a bullish tone to the dollar

The U.S dollar traded higher in the last trading week imposing a strong bullish momentum in the market for the last four trading year in the market against its all major currency pairs in the global market. Though the green bucks traded higher in the last trading week, the EURUSD pair managed to rally high in the market even during low volatility trading session. However, the gain of the EURUSD pair was erased to a great extent prior to the market closing. The over the strength of the U.S dollar index has been measured against the major six currencies in Continue Reading →

Price of crude oil stabilized after hitting after hitting the mark 53.05

The year 2016 was full of major events and the leading investors suffered from an extreme level of confusion in the global market. The first issue was the pending rate hike decision by the FED as they were supposed to hike their interest rate in the very early of this year. However due to the ongoing poor performance of the U.S economy they were struggling hard as they couldn’t manage to hike their interest rate on stated time. In the last FOMC meeting minutes, the FED hike their interest rate on the basis of 25 points and this gave the Continue Reading →

The rapid rise of social trading in Asia

It is evaluated that Asia-Pacific (barring Japan) will amount to 26% of the world’s financial wealth by 2019, contrasted with 21% in 2014. As a result of this increase, Asian investors are feeling more confident about taking risks and investing in non-traditional financial product like indices and forex on social trading websites. Social trading websites are forex online trading sites that empower dealers to cooperate with different financial specialists, basically to share thoughts on how to maximize return on investment while minimizing the risks. Plenty of social trading websites have made it possible to copy the trades of a successful Continue Reading →

US consumer’s current sentiment and economic overview

The economic global crisis has created a massive confusion in the US consumer sentiment. The last FOMC meeting minutes by the FED has created huge volatility in the financial market without giving a straight forward clue about the country’s economy and rate change a decision of the central bank. According to the researchers, despite the low-interest rate, the country inflation rate is expected to stay in the optimum region due to the low personal income of the US citizen. Currently, the consumer sentiment is been tested  with four-month low data with a great expectation of clear rate hike decision by Continue Reading →