Spring arrived this week
You may have heard that the British spend a lot of time talking about the weather. It’s true. But there is another nation that beats us on this score, the USA. In my view, they spend more time discussing the weather in the USA. They even have a dedicated weather channel on TV. Anyone following the US weather will be aware of their big winter freeze this year with exceptionally low temperatures. In her recent testimony to Congress, even Janet Yellen spoke of the impact of the freezing weather on economic activity in the USA. She mentioned that more data is needed as it is difficult to...
Read MoreMy 5 Favourite Traders
It’s always interesting to see the trades that other people are making and the advice that they are giving. Here are my 5 favourite traders on Twitter at the moment, please note they are in no particular order. The first is @MWellerFX. Matt Weller is a global market strategist and has been actively trading since 2005. Enthralled by the liquidity and the accessibility of the market, Mr Weller now offers timely updates on a vast range of currency pairs. Follow him now for great guidance. @break_retrace3. Howard Friend also offers information on his trading activities, giving...
Read MoreOut of the Woods
The non-farm payroll (NFP) figures a week ago did not suggest to me that we are out of the woods just yet. After strong numbers for several months on the spin, January’s low numbers weren’t significantly revised upwards and the numbers for February came in on the low side. This suggests that while growth in the world’s largest economy is continuing, it is not doing so at the pace set last quarter. This is two months of lower than expected jobs growth. Not the end of the world by any means, as it is only two months of data. Maybe the frozen weather conditions are slowing the rate of growth?...
Read MoreMy Top 3 Trading Apps
In a world where everyone is constantly on the move, I have found that apps on smart phones are a great way to constantly keep up to date with rates, charts and even the local currency rates when you’re overseas. Here are my top 3 trading apps at the moment: 1. XE Currency – This is extremely user friendly and easy to use. It offers the user live information on market rates as well as daily, weekly, monthly and even yearly charts on currency pairs. It’s extremely popular with over 20 million downloads worldwide. 2. Citi Foreign Exchange Rates – This another easy to...
Read MoreMy Experience with the Forex Market by Olivia Rust
The forex market is something that has always held my interest and, as the New Year came, I decided that I would actively try to gain more knowledge about the foreign exchange market. My understanding of the industry has been very limited until recently. I attended a very interesting seminar with Mark Walas from Plan B Trading. I had done a lot of research about the industry via the internet and with every website informing me that they had the right strategy for me, being a complete novice, I can see how easy it would be to fall into these traps. I decided to attend a seminar to see how...
Read MoreHow I Started Trading by Mark Walas
The first time I bought shares in a company was in 1978, in a business in the IT industry. Six months later, I sold these shares and had a profit of more than 60% on my original investment. With an experience like that, it’s hardly any wonder that I continued investing in companies to profit from share price movements. I traded firstly in stocks and shares and then, as my confidence grew, in foreign exchange. It was most certainly exciting, Forex often moved more in a minute than a share did in a week. It also proved costly as, like many traders starting out, I made many mistakes. It looked...
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