Thu, May 24, 2018 @ 18:44 GMT

Trade Wars and Auto Tariffs Dominate the Markets, 10 Year Yield...

Sterling recovers mildly today as there was finally a piece of better than expected key data from the UK. Nonetheless, Swiss Franc outshines Sterling...

USD/JPY Mid-Day Outlook

USD/CHF Mid-Day Outlook

EUR/USD Mid-Day Outlook

GBP/USD Mid-Day Outlook

USD/CAD Daily Outlook

AUD/USD Daily Outlook

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How to Trade Forex for Beginners

With the improvement of technology in the late 20th century, the world of forex trading opened up to the internet. By 2004, forex had developed into a $1.9 trillion a day market. As of 2016, the daily volume surpassed $5 trillion a day! Gaining access to the markets is relatively easy. The creation of the Internet made it possible to trade currencies anywhere in the world with internet access, 24 hours a day five days a week.

Thinking in Probabilities

Did you know that you do not have to be right each time you interact with the market? Heck, you don't even need to be correct 50% of the time to bank a profit in this business! Once one has mastered a setup with an edge, trading should, to a point, be no more than a repetitive chore. However, because of our natural tendency to always want to be correct, we make trading difficult.

Identifying Correlations

Unless you intend on trading one market at a time, it is vital to understand how different instruments markets interact with one another. A correlation, in simple terms, describes how much (or how little) two markets move together over a period of time.