The yuan touched the highest level versus the US dollar today in more than two years on the speculation that China would allow its currency appreciate as the US and Europe threaten to implement the trade sanctions. The wave of the interest rate cuts across the world caused the concerns about the so-called “currency war” as the nations attempts to weaken currencies to support their economies. On the annual meeting of the International Monetary Fund last week worries were voiced […]
Read moreEvery trading system is a complex object with a lot of rules. All Forex systems should consist of the entry and exit rules, define the market (instrument) they are designed for and state some position sizing (money management) strategy. Most traders I know give the highest priority to the entry rules of the system, pay some attention to the exits, in half of the cases don’t understand the difference between the trading instruments and have no idea about […]
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