Posts Tagged "Foreign Exchange"

Kiwi in Flight

Posted by on Mar 14, 2014 in Commentary, Featured, Market News

It’s been a long time coming. Of the major currencies commonly traded, there have been no interest rate increases since 2010 when Australia last increased its overnight rates. Australian rates didn’t last long at those levels and were reduced in stages soon afterwards, matching the other major economies. This time though, things feel different. On Wednesday evening this week, the Reserve Bank of New Zealand announced a rise in interest rates from 2.5% to 2.75% (well, Thursday morning in New Zealand at the time). An interest rate increase in any of the major currencies is as rare as New...

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Invest the Time

Posted by on Mar 11, 2014 in Featured, Learning to Trade?

Invest the Time

There is a lot of white noise around trading. People seem to think of it as a get rich scheme, whereas the reality of it is quite different. Trading is a skill and like all skills it takes time and effort to develop and learn. Think of the job that you are currently in. Are you good at your job? I’m hoping that the answer is yes! Now think back to your first day at your job, chances are your skill set has developed significantly since then and this is the same as in trading. People ask my advice on forex trading nearly every day and my advice will always be the same. Invest the time to...

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My 5 Favourite Traders

Posted by on Feb 24, 2014 in Featured, Learning to Trade?, Uncategorized

My 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...

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Out of the Woods

Posted by on Feb 18, 2014 in Featured, Market News, News

Out 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?...

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My Top 3 Trading Apps

Posted by on Feb 13, 2014 in Featured, Learning to Trade?

My 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...

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