BRASILIA, May 22 - Brazil posted a current account deficit of $8.318 billion in April, central bank data showed on Wednesday.
The country had been expected to post a deficit of $7.222 billion, according to the median forecast of 20 analysts in a survey. The forecasts for the deficit ranged from $6.5 billion to $9 billion.
Unser Tip: Werden Sie nicht gierig - Warten Sie nicht auf noch mehr - Nehmen Sie 10, 20 PIPS mit - Forex ist derzeit sehr Volatil und kann in der nächsten Sekunde in die Gegenrichtung umdrehen.
The Federal Open Market Committee (FOMC) decision on interest rates is one of the most powerful market movers in the forex market and when the markets move traders trading the news have the opportunity to make money.
The FOMC sets the discount rate or federal funds rate and because interest rates are set higher to induce foreign investment and therefore fight inflation during times of prosperity and lower to increase spending during recessions they are one of the main factors influencing the strength of the dollar.
Economic indicators play a huge role in the forex trading especially ... more →
Last week I was reviewing a website which has a trading signal program for those investors who prefer to not being involved in confusing market analysis and I respect them because such services normally will bring them more time to do other important things in their daily life. But the interesting thing was the most of signalers did not actually place a stop loss point on their recommendations. Is that so because they know they are right all the time? Or that's because they did not lose half of their trading account in an unexpected slump of 200 hundred points and a single ... more →
Hi Traders, In this video we take you through one of our sessions where things were a little tough and tricky and we needed to stay focused and disciplined. We hope you enjoy the video. Cheers Luke Ferguson firstname.lastname@example.org
This video takes you through how to use a simple excel document that will improve your trading out of sight. The best judge on your performance is yourself. Here is the tool which you can use to give an honest rating on your day to day trading. Great traders dont just have a trading plan and strategy for when they are in front of the computer looking at charts. Their day starts from the moment they get up in the morning to when they sleep. You must be structured in everything you do to get the most out of your trading business. This easy to use tool will take you to the next level. To ... more →
In this article, I will share a number of simple breakout strategies used by many professional traders in today’s trading arena. There are many different strategies ranging from simple to complicated that can be successfully combined with proper money management. Breakout systems can actually be considered another form of swing trading, which is a style of short-term trading designed to capture the next immediate move. In other words, the trader is not concerned with any long-term forecast or analysis, only the immediate price action.
A crowd usually has the psychology that if the ... more →
We want to take you through the reasons to why we have an emergency plan as part of our “GMT Trading Plan”. Each session when we are in a Live Trade we are open to things happening that are our of our control. For exmple what is your current plan if
1 – You lose power
2 – Your charts freeze
3 – Your computer shuts down
4 – Your phones go down
5 – You lose internet
It is a good idea to chat to your trading coach about the things you can do when one of the above happens. In this video we touch on what happens when the charts freeze. Now all platforms do this from time to ... more →
Hi Traders, Well today at least we had a little action after a session yesterday morning that had most of us checking to see if are charts were frozen.
We had a nice early move 30 minutes into the session which was shaping up with plenty of potential on the GBPJPY. A burst to money management level which had us move our stops to breakeven which just stopped out at breakeven too.
To rub salt into the wounds we then witnessed the trade hit target. Well that is trading!! At least our swing trade set-up hit its 1x target in early trading giving us 70+ pips profit. Hope you enjoy the ... more →
Hi Traders, In this Video we walk you through todays live trading session on the our Asian FX session. This session was quite tricky and we show you how to trade while sticking to your trade plan. It is critical that you trade with a trade plan and most importantly stick to it. For more information email email@example.com
Learning to stop trading: an introduction
We talk a lot in the trading world about when to trade; we talk about entries and exits and profit targets and stop losses and moving average crossovers. There are endless threads on massive online discussion boards about trading the news, or whether inside price action 'Wicked Fairy' candles are better than 'Samurai Warrior Face' inside bars. The arguments about the best place to get into a trade are so extensive that, by now, it's difficult to tell the difference between the methods. But we don't talk enough about when ... more →
Pivot points used to be a favorite on Wall Street, but like other technical indicators, pivot points are time consuming to calculate. Thanks to computers and plenty of web resources, it is now possible to calculate pivot points in seconds. Professional traders have long used pivot points as a way to define support and resistance lines before the market even opens. Pivot points are very successful because they predict the market rather than lag it.
How they work
Pivot points work best in sideways trends because that is practically what they predict. The lines that make up a pivot point ... more →
Those Forex trade actions put forth by the traders with the intention to defend their current position at the market from the sudden market fluctuations in the exchange rates of the currency pairs in which they might have put their money.
Hedging is one of the most intelligent trade moves that assist traders in managing their trade position along with turning their long and short decisions of trading into profitable decision.
This method pulls out the traders from the risks of the Forex trade fluctuations and help to keep the trade board running.
Hedging implementation saved the ... more →
In general, technical analysis can be defined as a method of price prediction based on mathematical calculations instead of economic reports. This method has been created for applicable needs in getting profit on stock and currency market. Initially technical analysis was divided into several techniques and only in the 70-ths all these methods were united into an integral approach with common psychology, axioms and ruling principles.
Technical analysis is a way to forecast probable price movement with the help of market movement charts reflecting the history of fluctuations. Practical ... more →
Switching time frames is a sin of buying or selling a currency pair in one time frame and trying to close the trade in another time frame. An example: A currency trader buys a pair with the idea of capturing couple of pips in the short term but the trade doesn't work out as planned (going to hit the stop loss) and now the trader suddenly decides to keep the trade as an intermediate trade, so basically, the trader switches from a smaller time frame to a bigger one.
The problem with this 'switch' in time frames is nothing more than a rationalization to ignore stops, it also ... more →
In Part 3 of our money management series, i will like to present to you Tom.
This is a story of how short lived his Forex career is due to poor money management.
This is a story of a margin call.
Having deposited $200 for a micro account, Tom is all ready to go and feeling on top of the world.
He heard his friends saying that Forex is a trending market. Just follow the trend!
It was Friday 07 AUG 09. 0820HRS.
He heard people commenting about Non Farm Payroll and how much movement is generated usually during such.
'Good!' He thought. As long as he catches the ... more →
Trading is much simpler than we all initially make it out to be.
One of our instructors, Teresa Bell, summed it up best when she said “trading is simple, following the plan is what’s difficult”.
And what makes “following the plan difficult” has nothing to do with the market, and everything to do with your preconceived notions and previous experiences regarding money. The advice given by the American president Franklin Roosevelt in 1933: “The only thing we have to fear is fear itself”, is as appropriate today for traders on all experience levels as it was for the citizens ... more →
Over confidence can be damaging to the trader as much as lack of confidence in executing trades. Any emotional extreme is an unwelcome quality in a winner’s mindset. After making a great winning streak there is a tendency for many traders to become complacement, cocky and careless. When a trading system is working well there can be a natural human inclination towards the feeling of infallibility. The trader can be impaired and start trading on gut feeling. This is not a good sign of trading like a professional and usually results in damaging accounts and mindset. Many traders build up ... more →
This article is one of a series which looks at the advantages and weaknesses of trading using the hedged, grid trading system to trade volatile markets.
We will look at how money can be made by breaking a number of trading truths or principles; * cut your losses and let your profit run and * there is nothing to gained by entering into buy and sell deals at the same time.
The hedged grid trading system uses the principle that one should be able to cash in at a gain no matter which way the market moves. No stops are therefore required at all. The only way this is logically possible is ... more →
1 IGNORANT OF NEWS EVENTS
Most ignorant technical traders often have there trading account badly damaged if not wiped out during news event releases. I therefore recommend that you get familiar with economic calendars even if you do not like trading them.
2 OVER TRADING.
Most ignorant traders often over trade in any of the following ways: opening more positions than they should, not knowing when they have exceeded there trading limits. I recommend trading only one position at a time as a beginner.
3 NO TRADING SYSTEM
One of the worst things that can happen to a trader is to chase ... more →