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 →

Every single day the number of retail traders in the financial industry is increasing at an exponential rate. Most of the novice trader consider forex trading as getting rich quick scheme. They simply jump into the online trading community and start to trade the financial assets in the market without having any proper knowledge about the financial sectors. But in order to trade the market profitably, you must have a valid trading strategy. If you look at the professional traders of CornèrTrader than you will see that all of them have spent many years in mastering the art of trading. If you truly want toRead More →

Due to the Christmas holiday, the financial market has ceased it volatility to a greater extent and currently most of the pairs are exhibiting sideways movement. In the last Wednesday, the dollar strongly rallied high in the global economy and pushed all its major rivals down in the market. The green bucks have gained the immense amount of strength in the global economy after Mr. Trump become the U.S president. In his victory speech he announced that they are going to increase the fiscal spending in the next year and tax cut policy will be implemented to ease the hardship of the U.S citizen. AfterRead More →

The year 2016 has been a strong bearish ride for the EURUSD pair in the forex market. The pair has broken the 13 years low in the market. The first strong bearish move in the EURUSD pair was triggered during the event of the U.S presidential election held on 8th of November 2016.Mr .Trump statement regarding the rise in fiscal spending and tax cut policy gave the green buck’s solid boost in the global economy. In that event, the EURUSD pair broke its short-term bullish trend line in the market and started its bearish journey. In the last FOMC meeting minute, the FED have raisedRead More →