3 Currency Market Myths Exposed So You Can Get More Profits Now
So you are considering investing in currencies? I don’t blame you start-up costs are very low, the schedules are very flexible, and the potential profits are eye-catching. But first we should clarify some common myths…American Politics and Forex in 2012
The Republican bid for the US Presidency is no doubt going to have a serious impact on the US economy and on the US Dollar on Forex charts. There are a lot of people who are certain that a Republican taking control in the White House could mean a tighter belt in the Federal Reserve. If the Federal Reserve outlook becomes hawkish we can rest assured that there will be a lot of trouble for those currencies paired with the US dollar on Forex charts.Forex Trading: How to Work Less and Make More Money
In the currency market the lazy man approach is the best one; the less you work the more you profit. Reading this article really should help you realize that is in the smart work where profits are made. Do you want to cut your working hours and make serious money at the same time?Goldman Sachs Firings Could Signal Trouble for USD on Forex Charts
After another wild year of US economic difficulties the investment banks in the United States have brought on another round of cuts from their trading floors. One of the first banks to begin instituting these cuts is the bank Goldman Sachs, and their firings have been en masse as of late. This means that there will be a lot less money being tossed around by these banks, meaning a possibly slower economy that could be beginning as a result of these slower financial practices.Gold and the US Dollar on Forex
It is not a novel piece of news to most traders that the US dollar is directly linked to the value of gold in the US, and vice versa. Such knowledge has been vital to the effectiveness of traders in being able to tell which direction the currency may surge in. This is something that needs to be kept in mind where the commodity is concerned, and ultimately it will serve the best interests of those traders who know how to utilize it.Psychological Barriers When Scalping Forex
When a trader considers the value of trading the Forex from a daily perspective versus that of the frenetic pace of scalping a number of pros and cons emerge, and among them are profitability, stress and time consumption. Each of these items ultimately impacts the first since coming to the market has an intended goal of profitability. Those who do not have the clear goal of making as much money as possible are in the wrong business, and they would be better off visiting a casino.Pivot Points in Forex
For a guiding light in the overall direction of where the market is headed pivot points can offer a good deal of insight. By looking at daily pivot points someone can gauge whether or not price action is being pulled in the direction of the current trend or not. If price action is above the Pivot Point it will be pulled down, and if it is below it price action should go up.Fate of Apple Could Impact USD on Forex Charts
The value of Apple’s stock has soared in the last several months to almost six hundred dollars a share, and this has been the lead bull in a charged, bullish US equities market. This has had an a negative impact on the USD, and has sent it falling against the Euro and other foreign currencies on Forex charts. Currently Apple has over half a trillion dollars in liquid assets, and they are considering a dividend payment to shareholders (possibly an annual one).What Are The Best Forex Currency Trading Strategies?
There are many different types of Forex trading strategies as you probably know by now. However, many traders have trouble deciding which Forex trading strategy is best for them to use. So, here is an overview of some of the more popular strategies that you can use to trade the Forex market with, as well as some of their advantages and disadvantages.The Basics of Forex Market
Forex, fx or foreign exchange are referring to the act of exchanging one country’s currency by another country’s currency. What used to be the exclusive privilege of banks and huge financial corporations is now available to all sorts of traders, big and small.Have You Heard of the Million Dollar Pips?
The Million Dollar Pips is essentially a trading platform that is automated. Some folks call it a robot, but we prefer to think of it as automated software. Because you are trading currencies instead of stocks or bonds and all that good stuff, you know how super fast you can need to make some financial exchanges in order to take advantage of some pretty great deals.