Forex trading is one of the most difficult career paths to take. With a lot of uncertainties in the market, it takes great confidence and knowledge to survive in the forex market. As we all know, there is no such thing as a sure-fire trading strategy to be profitable in the forex market. It
In November, business activity in UK has contracted due to a new wave of coronavirus that affected the huge services industry, but news of possible vaccines in early 2021 boosted hopes of businesses in UK as shown on a survey on Monday. The HIS Markit/CIPS UK Composite Purchasing Manager’s Index (PMI), fell to a
Trading is just like everything else that we do. Once we do something for a long time, say for a couple of years, you feel like you’ve lost your interest and it’s like you’re going through a loop and you feel that you’ve lest your interest and trading mojo. You may be starting all
On Wednesday, British finance minister Rishi Sunak will release his spending plan and says that there is no returning to austerity despite the damage that the coronavirus inflicts in the British economy. He said he would announce “quite a significant” increase in funding for public services. “You will not see austerity next week,” Sunak
As a trader, have you experienced the need to find the “perfect” set up before executing your trades? Some traders or even most of them are too focused in finding a perfect set up, tinkering on indicators and waiting on a secret information that nobody yet knows that may impact the trade or whatever
We all know that there a lot of different traders and each of them has their own strategies. Some prefer trading in the long-term trends and some prefer to lock-in their profits within the day by day-trading or scalping. Day trading or scalping means you will trade in the lower time frames such as the
On Thursday, Brexit negotiators suspended direct talks after a member was positive on a test for COVID-19. However, officials are still working remotely to reach a UK-EU deal which is due in 6 weeks. Talks could still continue and a “comprehensive” deal be agreed in time before UK’s transition on December 31, 2020 says Finland’s European
You often hear the words bullish and bearish from traders. These words may sound foreign to you but here, we will discuss these terms as simple as possible. Basically, the terms “Bull” (bullish) and “Bear” (Bearish) are used to describe the overall financial market is performing in general. Bull market means that the trend is going
On Tuesday, Bank of England’s Governor Dave Ramsden said that the positive news on the COVID-19 vaccine may help boost the economy and reduce the risks facing Britain’s economy. Over the last two weeks, announcements that two vaccines were effective in the last trials have raised hopes for economies affected by the COVID-19 pandemic and
How Big is the Forex Market? According to the Bank for International Settlements triennial report of 2016, the foreign exchange market cap averaged $5.1 trillion per day. With this size and depth, it makes it an ideal trading market. The liquidity of Forex makes it easy for traders to sell and buy currencies without delay. Liquidity
