There are many different ways of trading the financial instrument in the world. If you look at the professional trader then you will notice that every single forex expert is trading the live assets based on their own trading strategy. But in order to develop your own trading strategy in the market, you need to have a very clear understanding of the market dynamics. The forex experts in the Singaporean trading community is doing a great job in the financial industry since most of them are trading with the reputed brokers like Saxo after mastering the basic forex market skills. Unlike the novice traders, allRead More →

The forex market is a huge market and every single day the number of retail traders in the online trading community is increasing at an exponential rate. However, the success rate in the forex trading industry is not great. Statistics suggest that out 100 traders only 5 of them are making money consistently in the forex market and rest of them are struggling hard or losing money. Those who are making money are the smart traders who have very clear understanding of the forex market. If you trade the live assets for a long period of time then you will notice that most of theRead More →

Trading the financial instrument is an art and it requires pin perfect execution of the trading plan. There are many profession that you can choose in today’s world but if you truly want to become finically stable than forex trading might be the perfect solutions for you. As a full-time trader, you will become your own boss in the world and you will be the only person who will decide how much you will earn in the future. Most of the professional day traders are leading a stable life and they never worry about their financial needs regardless of the economic conditions of the country.Read More →

There has been massive confusion into the mind of traders from the very begging of the year 2017 as the U.S economy faced the extreme level of trouble under the administration of the newly elected president Mr. Trump. He gave the dollar a strong bullish momentum in the global market by stating that they are going to increase the fiscal spending and include tax cut policy. But the market absorbs all the bullish heat of the green bucks prior to year closing of 2016 and impose a new bearish threat to the mighty dollar. However, the dollar still remained broadly supported in the global economyRead More →

There has been massive chaos in the global industry from the very beginning of this year since Mr. Trump failed to keep his promise regarding the increment in the fiscal spending and U.S tax cut policy. Mr. Trump stated that they are going to increase the fiscal spending of the U.s government and included tax cut policy for the betterment of the U.S citizen and this gave the dollar huge boost in the global market after the U.S presidential election held on 8th November 2016.However, things settle down to a great extent as Mr. Trump failed to keep his promise in the last year. MostRead More →

Foreign currency exchange trading is something that has to be dealt with knowledge. If you are unable to twist and turn your knowledge you will not be able to trade Forex. As profitable traders, you should be able to play certain tricks in order to win trades. As we all know that trading is not science but art, in which you need to use your artistic skills. The main factors of trading are that the traders are disciplined and well-versed. If you can minus the fear and the greed from your trading equation then you will be able to craft trading easily. Let us learnRead More →

In the last trading week, the EURUSD pair managed to break 38.2 Fibonacci level but the pair could not use this advantage and the price fell from that key technical level. The price closed below the 38.2 Fibonacci level which was at 1.0745 level. In the earlier part of the last trading week, the EURUSD pair traded above this key technical level and the pair made new high at 1.0774 but the pair dropped from that level and remained bearish for the later part of the trading week. January is almost to its end and to be precise this month gave many good buying opportunitiesRead More →

Forex trading is such a lucrative business that every single day the number of new traders are increasing at an exponential rate. Most of the novice traders consider forex trading as an easy job and started their trading career without having any prior knowledge about the financial industry. But trading the financial instrument requires pin perfect execution of the trading plan and perfect understanding of the dynamics of the forex market. If we look at the number of successful traders in the financial industry then we will see that very few people are making money by trading the financial instrument and most of them areRead More →

The EURUSD pair dropped after the speech of ECB president Draghi on Thursday. In the last week, the EURUSD pair has fallen after hitting the resistance level at 1.0716 level. The traders were expecting more hawkish tone from the Draghi but traders were disappointed and enter short after the speech. However, Draghi’s points of views about inflation are not up to the mark and not very much supportive. For this reason, the EURUSD pair moved lower after the Draghi’s comment. In the upcoming week, there is no major news release for the U.S economy. However, on Monday the ECB president will speak at the awardingRead More →

In the last week, the EURUSD pair breached the critical support level at 1.03502 and created a new low in the market at 1.03372.Most of the professional traders were in long position in the market and those who have set their stop loss a little bit wider were saved from the false bearish break of the market. After hitting the 1.03372 level in the market the pair started its bullish correction in the market and first broke the resistance level at 1.04962.Though the retail traders were expecting low volatility in the market but the pair showed decent movement in the very beginning of the yearRead More →