Posts Tagged ‘currency’
Swiss National Bank makes surprise interest rate cut by 100 basis points.
The Swiss National Bank announced today its decision to reduce its interest rate by 100 basis points effective immediately on concerns of slowing economic activity in Switzerland . The new Libor target range is now 0:50 to 1:50 after the reduction percent and down from the previous range of 1:50 to 2:50 percent. (more...)
Tags: currency, Foreign Exchange, Trading
U.S. Retail Sales fall, Producer Prices decline. U.S. dollars mixed in Forex Trading.
U.S. Retail Sales decreased for the fifth month in a row in November, according to a report by the U.S. Commerce Department released today. Advance estimates of November retail sales showed that sales decreased by 1.8 percent to $ 355.7 billion from October. On an annual basis, retail sales have decreased by 4.7 percent from the November 2007 level. Market forecasts were expecting a decrease of 2.0 percent for October's revised record November following percent decline of 2.9. (more...)
Tags: currency, Foreign Exchange, stock exchange, Trading
Risk-Reward Ratio in Forex Trading
From the very beginning of your career a forex term risk / reward ratio will be an important part of your trading strategy. The realization that every single trade you make contains a certain degree of risk will defend you from uncontrollable fears and panic attacks during the trading hours. This is when the risk management comes in handy. The best known way to figure out the risk you take is to calculate the risk-reward ratio. What is this ratio and how is it determined? Read the rest of this entry »
Tags: currency, Foreign Exchange, Forex, Forex traders, The trade
U.S. GDP contracted by 0.5% in 3rd Qtr, New and Existing Home Sales fall. U.S. dollars in mixed Fx Trading
The U.S. economy contracted in the 3rd quarter of 2008 according to the latest release by the U.S. Commerce Department. The final estimate report released today showed that the U.S. Gross Domestic Product equaled the previous estimate released in November and contracted at an annual rate of 0.5 percent in the July to September quarter. The second quarter GDP grew by a 8.2 percent annual rate of growth and the 1st quarter advanced by 0.9 percent. Today’s GDP numbers matched economic forecasts expecting a contraction of 0.5 percent for the quarter. Read the rest of this entry »
Tags: currency, Foreign Exchange, forex trading, Trading, U.S. trading
Full-Time Forex Traders: Truth or fiction?
Since forex trading online is an investment, traders seem to be barely noticeable and few in comparison to other market investors. The truth is that forex trading is catching more and more attention these days and “full-time trader” becomes an acceptable and recognized profession.
Tags: currency, Foreign Exchange, forex trading, Trading
Traders with Longer Fingers Make Millions!
Size does matter even in forex trading. According to the latest research at Cambridge University “The length of a man’s fingers may predict his success.” Now male traders might have yet another thing to worry about when it comes to size!
Based on the study findings, traders Whose ring fingers are longer than their index fingers make almost eleven times more money than their less fortunate colleagues. The trick lies at the amount of prenatal testosterone exposure Which leads to the better concentration skills and reflexes needed to make quick and correct decisions during trades. Read the rest of this entry »
Tags: currency, Foreign Exchange, forex trading, Trading
Forex Trading - Stick to the plan or Not!
Forex trading requires a lot of thinking and planning and Whether you like it or not, the success in forex depends on psychological strength of the trader. In fact it is widely believed that most traders that fail, trade without a plan. Having a plan is not quite enough, you have to religiously follow it. However, in most cases, every one of us tends to the rules break. It made me wonder, are there any specific reasons why forex traders physiological sometimes skip their own strategic plans and how does this affect the profits misbehavior? Read the rest of this entry »
Tags: currency, Foreign Exchange, Trading
enters recession as GDP drops in 4th Quarter, UK Retail Sales Rise UK. Pound mixed in Forex Trading
The United Kingdom Gross Domestic Product fell by more than expected in the fourth quarter of 2008 and signaled that the UK economy has entered into recession according to a report by the Office of National Statistics today. The UK preliminary estimate showed that quarterly GDP fell by 1.5 percent in the October through December quarter of 2008 following a decline of 0.6 percent in the third quarter. Read the rest of this entry »
Tags: currency, Foreign Exchange, Trading
Forex Risk Management & Discipline Tips
There are times in every forex trader regrettable’s life when trades go wrong. Mistakes lead to panic, impatience and greed and every last dollar slips through the fingers. After blowing forex account to the last cent, we all seek words of wisdom and guidance to find a way to deal with the pain of loss. How to spot and understand your mistakes? Who is to blame for losing all the money? How to avoid the same slip-ups in the future? These ask the questions many of us after a bad incident in the forex market are. Read the rest of this entry »
Tags: currency, Foreign Exchange, forex market, Forex trader
How to Start with a Great Forex Training Course.
Are you constantly surfing the internet looking for a forex trading strategy? Are you confused as to what course to start with? When you want to get involved with Forex trading, you have to figure out approximately how much money you would like to commit to trading , and then find a low cost course which will educate you to get started. Read the rest of this entry »
Tags: currency, Foreign Exchange, forex trading, making trading