Dollar Turned into Consolidation Phase

Dollar’s late pull back last week suggested that it has turned into consolidation phase, after long-stretched rally. Retail sales, housing, regional Fed surveys and industrial production will be released from the US this week. But we don’t expect them to be too market moving. Instead, Eurozone data like German ZEW could move the greenback more.…

Yen Beat Dollar

Dollar ended last week broadly higher except versus the Japanese Yen. While economic data from the US were generally disappointing, they were not bad enough to alter Fed’s path of three rate hikes this year. Just that, the data didn’t add to the chance of the fourth hike in December. On the other hand, data…

create trading plan

Creating a trading plan If you’re serious about becoming a trader, a trading plan will be vital. Here we discuss some important assets your trading plan should contain. Assessing your skill Have you tested your strategy? Are you confident that it would work? Can you follow your strategy without hesitation? If you haven’t mastered your…

risk management

Risk per trade Before deciding to place a trade, you should decide how much capital you’re willing to risk. It’s important to know your cut-off point if the markets turn against you. This cut-off point is based on your risk tolerance – as a trader you must accept the risk associated with trading. If you…

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how to start trading?

Step 1 – Apply for an account with usSimply apply for an account and provide us with the requested documentation and once approved, we’ll provide you with your login details to access your trading account for the very first time.   Step 2 – Time to fundOnce your account is opened you’ll be able to…

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advantages and disadvantages of CFDs

Contracts for Difference or CFDs, as they are commonly referred to, are derivative instruments that enable traders to speculate on a wide range of financial markets, without taking direct ownership of the underlying asset. The contract referred to is an agreement between the buyer and the seller to exchange the difference between the opening and…