The first surprising news this year came last Friday (10/1). NFP (Non-Farm Payrolls) for December 2013 which was thought will be over 200,000, came out a measly 74,000. This is the worst job created since January 2011. The news shocked the market, and resulted in the fall of USD against all of its counterparts, including the Yen, Aussie, and Gold. It could be said that no one guessed this, because the previous NFP was so good (241,000).
Analyzing the patterns of price movement is important to gain insight into which trade you should enter to earn profits. However, trying it without first understanding the basic principles of technical analysis would be worthless.
Until the end of 2013, more than 20000 online merchants and 1000 brick-and-mortar businesses accept payment in bitcoins. So, is this the time to invest in the cryptocurrency?
Traders and investors are not only looking at conventional economic data as their basis in decision making. Thus, the financial market has became its own leading indicator.
Fundamentalists are obligated to understand how economic indicators influence forex trading. If you are a beginner in understanding fundamental analysis, here is a useful guide.
Deflation leads to reduced company earnings, resulting in layoffs and exacerbating unemployment rates. In turn, it would dampen consumer spending and negatively impact the country's economy.
The enemy of a forex trader is actually not scams, loss, nor MC. From my experience, the main enemy of a forex trader is yourself, especially if you haven't been able to defeat your fear and greed.
Gold futures trading yesterday (1/1) jotted down as the biggest slump in three decades. Bart Melek from TD Securities in Toronto mentioned that The Fed's tapering and equity market's spectacular performance have worked together against gold. Gold's reputation as safe haven continue to decrease along improvements of economic conditions. Even George Soros and John Paulson have sold their golds. What's up with gold?
Underestimating Stop Loss could lead to bankruptcy, especially if you are a beginner who doesn't know how to manage risks and only go for profit without analyzing the market situation.
