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Day: August 3, 2015
August 32015
EUR/USD Recovers Following Positive US Income Statistics
It looks like the EUR/USD currency pair was playing according to the risk aversion rules today. The currency pair was going down before the US reports began coming out but recovered most of its daily losses after the US income and spending numbers have been shown to be positive. The recovery stopped once some negative PMI and construction data had hit the markets. Personal income and spending continued […]
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August 32015
How Educated Are Forex Traders?
A poll from 2011 indicates that the quarter of this blog’s readers come from the IT background while the shares of finance-related and construction/engineering workers follow not far behind with 17% and 16% respectively. It implies that the Forex traders are an educated lot — top two backgrounds require at least some higher education. But is higher education a necessary prerequisite to trade Forex profitably? Or does it even help? […]
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