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Day: August 18, 2014
August 182014
Carney’s Comments Help Pound Gain Ground
The Great Britain pound rose today after Bank of England Governor Mark Carney said over the weekend that the central bank may start raising interest rates before actual wage growth kicks in. Wages came to market participants’ attention after the BoE inflation report predicted that this year’s earnings growth will be half of the previous estimates. Yet Carney was less dovish in his interview […]
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August 182014
Loonie Gets Boost from Positive Data
The Canadian dollar is getting a boost today, heading a little higher against some of its major counterparts, thanks to positive data recently released. Even though oil is lower today, the loonie is gaining some ground. Loonie is higher today against the US dollar and the euro, and also higher against the UK pound. Over the weekend, the Canadian dollar got a boost from the latest economic data. Indeed, Canada’s […]
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August 182014
How Much Do You Lose to Accidental Mistakes in Forex?
I define accidental mistakes as those mistakes that are not related to the employed trading strategy or methods of analysis used by the trader. For example, when a trader unintentionally presses a “Sell” button instead of a “Buy” button when he planned to buy, it is the classical case of accidental mistake. At first glance, such errors may seem minor and negligible, but active traders may lose a significant share of their balance to such accidents. […]
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