If you are a Forex trader, you probably made some choices that you regretted after. You can probably think of many examples when your thoughts or your emotions got in the way of your trading performance.Imagine these situations: You closed a position in loss and the price direction changed after. You see a movement in price […]
Definition: Knowing the definition of correlation can be very helpful in FX trading. Correlation is a mutual relationship or connection between two or more pairs. The value of a correlation coefficient ranges between -1 and 1. The greater the absolute value of the correlation coefficient, the stronger the linear relationship will be. The strongest linear relationship is indicated […]
Yesterdays Corney’s speech wasn’t that much interesting. Today we have 2 important events happening for GBP and one for EUR.Let’s see if these events can influence the GBP and EUR pairs. At 15:30(GMT+8)📢 EUR ECB President Draghi Speaks in Frankfurt.We can expect High volatility after Draghi’s speech At 16:30(GMT+8)👀 GBP Consumer Price Index (YoY) (APR) […]
Fundamental analysis: Fundamental analysis is an analysis base on studying the global economic news and other news events which affect financial markets.As a trader, no matter what kind of trader you are, fundamental analysis can help you on your way to success. A Fundamenta analyser knows how important is following the news and important economy-related events. If the […]
Today we have these important events:Please manage your open positions carefully.AUD Unemployment Rate (APR) (9:30 GMT+8) Shows the number of employed in Australia AUD Employment Change (APR) (9:30 GMT+8)The Unemployment Rate is the most important indicator of the health of the labour market.
Today we will see some price changes in #AUD pairs A most important event for today 7th of May 2019:(Australian Western estate time GMT+8) AUD RBA Cash Rate Target at 12:30 This firstly can make some changes to the cash rate flow through to other interest rates in the economy. And secondly, the changes to […]
How a war will affect us as traders? The US sent airforce bombers to the Persian Gulf. War for the US always leads to even stronger $USD in the short term. A war with a country like Iran will increase the $OIL price. As a technical trader, I will decrease the risk factor during these […]
