Whether you’re a veteran trader or learning how to start forex trading for the first time, having a thorough understanding of trading psychology is of vital importance to success on the trading market. Before you begin to understand the logistics of currency trading, you must first understand the characteristics and skills required to profit in
One of the key factors that influences foreign exchange trading is the day-to-day geopolitical context of our time, which plays a pivotal role in the value of a given currency. As such, the occurrence of any significant world event that causes a rise or fall in currency value can, and indeed will, wreak havoc
Whether you’re a veteran trader or just figuring out how to start forex trading, a fundamental part of success on this market is an optimised work environment. As an easily accessible 24/5 market, foreign exchange can be traded from the comfort of your own home, making it tempting to trade from your smartphone or
One of the most exciting things about foreign exchange trading is that, throughout the week, the market is open all hours. Open 24/5 to accommodate the various global time zones, the key to forex success is keeping your ear to the ground and trading whenever and wherever the opportunity arises – so being able to
While profitable investment in the forex market relies on a commitment to the market, the continuous refinement of your forex trading strategies and a thorough awareness of the wider contextual factors, the 24/5 working life of a forex trader can mean an exciting and potentially profitable lifestyle. Today, we’ll take a look at a typical
Trading on the forex market is a difficult thing to do, requiring a lot of time and patience, and an analytical eye. Some forex traders are naturally better than others at this – and it all comes down to a certain skill set that we’ll explain in this post. Skill #1: An analytical mind When
Foreign exchange, more commonly referred to as forex within the trading industry, is the biggest trading market in the world – with over $5 trillion dollars worth of currency traded globally every day. This makes it a highly dynamic liquid market, allowing you to profit from fluctuations in currency exchange rates by speculating on whether
Breaking news: the US consumer is fighting for its life, long live the US consumer. The latest retail sales report from the US was unimpressive, retail sales, when you exclude auto sales and gas, were flat for September, and the August figure was revised down to just 0.1%. This is big news, the US consumer’s
The big move in FX overnight was the pound, which was the second worst performer in the G10- space, just behind the Swedish krona. The driver was none other than Brexit and more reports about deadlocked talks and slipped deadlines. The facts around Brexit haven’t changed at the start of a new week: there is
The US labour market data for September will be released on Friday 5th October at 1330 BST. The market’s official expectation is for a headline Non Farm Payroll figure of 185k for September, down from August’s reading of 201k. However, with a recent spate of spectacular economic data out of the US, and positive sentiment
