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Category: Opinions

How does the professional trader make money

Everyone wonders about the success of the professional traders. You should analyze the path of a successful trader. There are many techniques and strategies followed by the professional traders and which are done based on long-term. A day spent as a professional trader will be something different from your regular life. From the dawn to dusk the professional trader would do many different things than an ordinary person. There are good lessons which you can learn from professional traders. The naïve trader will find the trades and look at the charts to land on a good trade but a professional trader is much different he or she will be calm when in the Forex market. So let us check out more about the Forex professional traders.

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Consequence of trading against the trend in the market

Forex trading is getting very much popular in nowadays and most of the novice traders jump into the online trading world in order to make a quick money. But if you want to become a professional trader in the financial world it is highly imperative that you treat forex as a business. In the eyes of trained professional trading, the financial instrument is one of the toughest business in the world. There is a well-known proverb in the financial industry that the trend is your friend. So as a trader you should always trade the market in favor of the long-term prevailing trend. There is some dangerous consequence in trading against the trend and in this article, we will discuss this.

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How to use the indicators like the professional trader

There are many different ways of trading the financial instrument in the world. Trading strategy and technique will vary from traders to traders. Most of the retail traders trade the financial instrument without having a proper knowledge about the forex market. But in order to trade the financial assets, you need to have a valid trading strategy and clear understanding about the market dynamics. If you look at the professional traders than you will see that all of them are using a valid trading strategy to make consistent profit in trading. However, most of the novice traders use too many indicators in developing their trading strategy. They simply think that by using too many indicators they will be able to make a decent trading strategy in the market and able to execute high-quality trades regardless of the market condition. But in real life trading using too many indicators will decrease your potential profit margin in the forex market. Most of the novice traders often messed up their trading chart while using the indicators and they even trade the market with the indicators signal without knowing how to use them perfectly. In this article, we discuss how to use the indicators like the professional traders.

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Fundamental outlook for the major pairs and important news events.12th December – 16th December

There has been a massive chaos in the financial industry from the very beginning of the year 2016.The FED was supposed to hike their interest rate in the middle of 2016 but due to the ongoing weak economic performance they have delayed their rate hike. However, thighs are favored the FED hike decision recently as the performance significantly improved over the last two months. Though the starting of the last week was not that great for the green bucks but in the last trading day the dollar gained back its strength in the market to a significant amount. Professional long-term investors are suggesting this sudden turn back of the dollar as a positive sign for the rate hike decision on 14th December. There has been a sharp rise in the U.S dollar index which measure the dollar strength against the six major currencies in the world economy. The U.S index went up to 101.60 on Friday’s trading session and it was up by 0.48% and considering the overall performance of the last week, it ended up with 0.75% gain in the market. According to the FED rate hike monitor tools, there is 91.3% chance that the FED will hike their interest in the upcoming FOMC meeting minutes but investors are nearly 100 percent sure that rate hike will do by the FED officials in the month of December. Change of interest rate is very high impact economic event in the financial world. If FED comes up with a hawkish hike…

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Oil is still trading significantly higher prior to the OPEC meeting

The price of oil is rallying high for three consecutive weak even though the green bucks have exhibited its strength in the currency market. The leading oil manufacturing companies have been rigging the oil hard in the last couple of month causing instability in the oil price. In the eyes of trained investors the OPEC might cut the output rate of oil production at their next meeting which might bring some stability in the oil price. The price of Brent crude oil rose significantly which caused $47.82 per barrel. The rise in price was near about 96 percent which is the highest since 1st November 2016.Along with the sharp rise in Brent Crude oil, the price of U.S West Texas Intermediate (WTI) futures also rose by 87 cents resulting $ 46.56 per barrel. According to Putin oil is trading 1% per higher on the day and he also stated that such an imminent rise in the oil price despite of the massive oil production is going to affect the market in the longer term. Most importantly there has been a contradiction among the OPEC leading member whether to cut the production rate in this year also caused fear into the mind of investors since if things goes like this for a prolonged period of time then the normal trading condition will be hampered to a great extent. Leading hedge firm manager and investors believes that the OPEC needs to come up with a solid plan to cap the oil production…

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Problems after the Brexit – nobody wants British

Two and a half months, the citizens of the United Kingdom voted in a referendum to leave the European Union, and after forty-three years left the umbrella of EU membership. Written a new page of history, immediately after the referendum began speculating about possible scenarios and the consequences that bring Brexit A week before the referendum on the Stock Exchange there were no obvious signs that Britain will leave the European family – the pound has strengthened. In the case of the release, which it did, provided the decline of the pound by 15 to 20 percent and raised the question – that this country could be the next, and how will this affect the financial turbulence in the euro. The pound has depreciated by 9 percent, which is not recorded since 1985, and the euro has declined by 3 percent. The expected reaction would be greater demand for the Swiss franc, the dollar, and the yen, but the problem is that the financial markets the Swiss franc has less than a euro. Swiss National Bank said it intervened in the market since the franc was under pressure after the decision of the UK to leave the European Union. In a brief statement, the Central Bank indicated that it had intervened in the monetary market in order to stabilize the situation and will remain active. Impacts of the British referendum are limited and secondary. The immediate effects of the current decline in the value of the pound and the euro…

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