In the coming week, the focus will be on several economic data releases from the eurozone and the USA, as they could give a final hint at the next steps by the ECB and the Fed in March, according to Thu Lan Nguyen, analyst at Commerzbank.” In the US, a ...

Wei Yao, Research Analyst at Societe Generale, notes that yesterday, the PBoC announced to cut the required reserve ratio (RRR) for all banks by 50bp, effective starting 1 March. Key Quotes “In light of the rapid decline in FX reserves in the past few months, this move is overdue. In ...

Demo trading is not suitable for everyone. Most traders start their trading journey by demo trading, which is a sensible way to start. Why risk real money in the market if you don’t know what you are doing. Demo trading is fine for new starters but some people find it ...

decides on surprisingly aggressive easing. There are first signs indicating that the market view is shifting in this direction, which should limit upside potential for EUR/USD ahead of the ECB’s upcoming meeting on 10 March. Key Quotes “How much further can EUR/USD rise? Since 1 February the exchange rate is ...

The initial AUD/USD sell-off reaction to the major miss in Chinese trade balance has been completely reversed, with the pair not just returning back to its selling origin circa 0.7130, but is now extending gains towards the key resistance at 0.7150, where offers are tipped. China trade stats China’s trade ...

Oil futures surged 12% on Friday, posting the biggest one-day gain since 2009, after the United Arab Emirates energy ministry said on Thursday that OPEC might be willing to cooperate on possible output cuts. WTI for March delivery rallied 12.3% to settle at $29.44 a barrel on the New York ...

We’re half-way through the third week of the Explosive Growth Mentoring trading room. I wish I had this training back in 2004 when I first started trading the Forex market. It would have saved me a lot of blood, sweat, and tears over the years. […]

Either you want to be a lawyer, doctor, engineer or skilled worker – to work in any professional capacity – you face several years of education and many years of practice before you become really successful in your profession. To become a successful FX trader is not a task easier ...

There are many characteristics and skills required by traders in order for them to be successful in the financial markets. The ability to understand the inner workings of a company, its fundamentals and the ability to determine the direction of the trend are a few of the key traits needed, ...

The 5 forex trading tips listed below are mentioned throughout this book. That’s because even though they can’t guarantee success ― nothing ever can, otherwise everybody would be successful ― they can save you a lot of money. Experience shows that many beginning forex traders bleed money mainly because they ...