Foreign Exchange vs Stock Exchange
When you are looking to begin your journey as a trader the first important decision you will make is the market that you want to trade in – the foreign exchange market or the stock exchange market. Having traded in both, ForEx is my personal preference due to its liquidity and how much quicker the market moves in comparison to the stock exchange market. One of the main differences between the two is where they are traded. The stock exchange market has a fixed location such as the London Stock Exchange whereas the foreign exchange market is not geographically tied; in fact it is...
Read MoreForex London Network
Profit and Loss are a company that specialise in financial markets and business and technology information. They also hold forex events throughout the world and there just so happens to be one in London later this month. Personally, I thoroughly enjoy going to events such as these. Hearing expert opinions while meeting other traders from the Forex London Network is a great way to spend the day. On Wednesday 23rd April 2014 Profit and Loss have secured some fantastic speakers and a great variety of subjects for them to speak about. The sessions are as follows: – Better Execution: Do...
Read MoreDemo Accounts
Are you learning to trade? Demo accounts are a great way to get a feel for the way that the system works but my advice to you would be to limit the period of time that you use the account for. I would personally advise that you only use the account for roughly a month. Of course if you are not feeling confident by all means continue using the demo account, however it’s important to be aware that when you trade in the market it will feel completely different. There are a lot of different factors that will start to influence your decisions when you are trading with real money because...
Read MoreThe Wolf of Wall Street
The Wolf of Wall Street was one of the years most highly anticipated films and has been nominated for 5 Oscars as well as 2 Golden Globes and 4 BAFTAs. It really is a great story but what many people are struggling to get their head around is the truth behind it. The film was adapted from Jordan Belfort’s tell-all (or as much as he wants to reveal) book. Now while I can appreciate the entertainment value I can’t help but feel that the film portrays trading (albeit stocks rather than ForEx) to be a much easier profession than it is in reality. It would not have made the most interesting film...
Read MoreKiwi in Flight
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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