The question is how does a successful trader make trading decisions? Does he use his gut feeling? Certainly not; every successful trader follows a forex trading system. The forex trading system if used correctly can save lot of money ...
Why A Trader Should Use A Forex Trading System
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Majors steady in early interbank trade
All of the majors are at their NY closing levels from Friday. The market will try to digest the volatile moves from Friday night before settling on its next move. I expect Asia to trade most of the majors in 100 pip ranges. It’s a relatively quiet day on the economic data...
Weekly Forex Market Forecast (October 17th – October 21st 2011)
By Michael Trinkle, ForexTraders Key Fundamental Forex Events and Forecasts for the Coming Week The following table lists the key economic data and other events that are due out during the week of October 17th – 21st, with release times displayed for the GMT time zone. The list also includes...
Euro being hurt by increased worries over Eastern Europe
The euro is being hurt by increased worries over Eastern Europe. Reports in Handelsblatt that IMF is discussing aid programmes with at least 10 Eastern European governments. Countries applying for loans for the first time include Bulgaria, Croatia and Macedonia. Stops have been triggered in EUR/USD...
German finance minister: Unhappy if stability pact brought into question
The EcoFin meeting is getting underway and with it comes the usual blizzard of headlines from the assembled finance ministers. On the tape now is German Finance Minister Steinbrueck, who says that he would be unhappy if the credibility of the growth and stability pact (which limits budget deficits)...
Regional share markets open up 0.5%
Both the Nikkei and the Kospi are up around 0.5% on the...