I received an email from Timmy who wrote: Have you ever experienced trader’s block? I believe everyone has, but what would you do? Almost every trader experiences this occasionally, including me. Sometimes market situations may not suit a trading strategy and can cause a string of ... Read more >>
Question from Subra: How do actual vs. forecast figures in news releases affect a currency?
16 May 2013I received an email from Subra who wrote: With economic releases like the U.S. Non-Farm Payroll (NFP), how will the actual vs. forecast figures strengthen or weaken a currency? Also, what is the best time frame to trade news? We normally compare actual and forecast figures ... Read more >>
I received an email from Jonson who wrote: After the Reserve Bank of Australia’s (RBA) rate cut last week, will the Australian economy improve again? How do you think the AUDUSD will do for the rest of the year? There is no clear direction for the ... Read more >>
Market maker brokers exist. This trading channel uses a dealing desk and takes opposite positions of your trades to seek profit from your loss. This results in a conflict of interest between the trader and broker, which may translate to frequent requotes of the price ... Read more >>
There isn't a standard number of currency pairs to monitor or trade. It all depends on your preference. However, I suggest that beginners focus on a few major pairs to learn their movements and patterns. You can choose one to three pairs from these: EURUSD, USDJPY, GBPUSD, USDCHF, ... Read more >>
I received an email from Rajesh who wrote: I am very interested in Forex trading and looking for good resources on the Internet. Is six months enough time to learn, practice and make a good start In Forex? Everyone has a different learning curve depending on ... Read more >>
The most common misconception about Forex trading is that it is very risky. This is simply not true. This myth comes from confusion about the high leverage available in Forex trading. Leverage itself is how much the broker will lend the trader in order to enter ... Read more >>
I received an email from Subra who wrote: Why did the GBPJPY go up after the ECB cut the interest rate from 0.75% to 0.50% on 2 May 2013? I expected the pair to plunge. The rate cut by the ECB was seen as positive sentiment ... Read more >>
