Correlation of Oil and forex
Correlation of Oil and Forex Oil and the forex market are closely tied together in an invisible string. Whenever one avenue is affected by changing prices, the opposing side gets to experience the effects of the price changes. It’s a connection that continues to exist...
Inflation Forecasting Method
Inflation is a crucial determinant where forex exchange rates are concerned. But what is more important is being in a position where you can forecast the rate at which the prices will change. You also have to take into account the fact that the exchange market happens...
What’s Special Drawing Rights (SDR) And Why Is It Important
SDR or Special Drawing Rights refers to a reserve system that was established by the International Monetary Fund (IMF) in 1969. It’s a system that can correctly be termed as its currency, even though it happens to be more of a measurement unit. The IMF relies on this...
Why Ex military are good traders?
The trading floors are seeing a mass incursion of ex-military men and women. This is due to new hiring schemes that are picking soldiers right from the frontlines. Let us be honest, you could be a guy in the city with millions in the account. However, at the end of...
AI and Trading – Blackrocks Aladin system as an example
How the Aladdin System came to Influence the Value of the World's Financial Asset Aladdin is a Blackrock's electronic system used by investment managers who seek to connect information, people, and technology to manage money in real-time. It operates by combining...
Using ‘alternative’ data in Trading
Alternative data that can be described as data sourced from outside including the web, consumers or the satellite play a vital role in decision making for forex traders. A good example is how Geopolitical friction moves the Forex markets as the traders stay alert....
How social media is impacting trading
We all have felt the power of social media growing to tremendous heights for the last 10 years and still counting. Platforms such as Facebook and Twitter were initially used as places where people connect with one another. As time went by, they became places where...
How to Stop Overthinking and overreacting in trading
Traders are often overwhelmed by emotions, which can lead to overthinking. In forex trading, you may think constantly about your losing forex funding, which can hamper your real life and affect your forex career. Funding for traders also contributes to overthinking;...
Dealing with Emotions as a Trader
The state of your mind determines the decisions you make as a trader. Emotions will be there at any given time, even to a forex trader, but the only trick is knowing how to counter them. How you handle emotions in the trading arena is a major determiner of your...
Successful Traits from Pre-eminent Traders
Trading does not involve just acquiring a strategy and mincing money all through. You ought to be aware of the character that differentiates a highly proficient trader from the average trader. The more experienced traders have traits that make them the best in the...
Decision Making Process
Many traders who are not disciplined end up losing money because of minor mistakes. Failure to follow specific structures and strategies will lead you astray, and losing out on trades will be part of you. Just by saying be disciplined or have self-control will not put...
Trading Addiction and How You Can Combat it
Addiction is the dependency on something, whether physical or psychological that a person spends most of their time on. The activities or thoughts take over the person, and all they think and want to do is that particular activity. Mostly when people hear the word...