Blog – Page 14 – The Plot

January 1
2018

Was 2017 Profitable for You? Poll

Happy New Year, traders! With 2017 finally over, it is time to sum up our yearly trading results. I still have one open position carried over from 2017 (symmetrical triangle in GBP/USD), but that is not a problem since I calculate profits and losses based on the trade’s closure date — my 2017 results include one trade that had been opened in December 2016 and was closed […]

December 31
2017

Forecast for 2018 — Interest Rates, Forex, Gold, Oil

There is no trading on the final day of 2017, which offers a perfect opportunity to prepare a long-term forecast for the markets in 2018. I will also review my forecast for 2017 to see where and why I have failed and where I succeeded in my last attempt to predict the year-end prices and rates. Contents 1 Interest rates 2 EUR/USD 3 GBP/USD 4 USD/JPY 5 USD/CAD 6 USD/CHF 7 AUD/USD 8 Gold 9 Oil This […]

December 18
2017

Strongest Currency in 2018? Analysis, Forecast, and Poll

With just two weeks left till the New Year, it is now possible to assess which currency was the strongest in 2017 and try to perform an analysis of the potential Forex winners in 2018. My 2015 poll about the long-termbest-performing currency (2015–2020) looks to be quite accurate so far — the euro is still the clear leader among the majors. The year 2017 was one of the best for the EUR and one of the worst for the USD: Contents […]

December 5
2017

When Forex Will Be Legal in India?

Currency trading is a lucrative profession which can be started with a low investment. However, citizens of several countries across the globe are not permitted to participate in the Forex market. India is one such country where currency trading, exclusive of INR (Indian Rupee) based pairs, is deemed illegal and a non-bailable offence. As of date, citizens residing in India are allowed to trade derivative contracts underlining four currency […]

December 4
2017

When Does Your Forex Day Start?

Much of the trading activity, at least in such currency pairs as EUR/USD, GBP/USD, and the like, takes place during the intersection of the London and New York trading sessions. The most of the important movements in JPY pairs normally appear during the Asian session. If you live in Central Europe or on the US East Coast, you will have little trouble adjusting your timetable to trade active FX hours in the London/NY session. If you live in Japan […]

November 29
2017

UK-Based Forex VPS with Interesting Offers

MyForexVPS is a rather old (by the industry measure) Virtual Private Server provider operating from the United Kingdom. Its cheapest Windows Server 2012 plan may seem rather expensive at £7.99 per week, but the good thing about this VPS is that they offer a special Autobroker plan for just £2.40 per week. In this plan, you get a platform connected to a broker of your choice hosted on a Windows […]

November 20
2017

Will Jerome Powell Continue Yellen’s Policy or Start a Revolution?

Jerome Powell was nominated for the position of the US Federal Reserve Chair on November 2. His appointment is still to be approved by the Senate, but there is little doubt that Powell will be the one who takes the most powerful office in the financial industry on February 1. Trump’s picking Powell raised some eyebrows among analysts because he has no PhD in economics but is a lawyer. However, […]

November 17
2017

Which Forex Pair Trends the Most

A successful currency trader needs a proven trading strategy. Many traders prefer strategies based on trends. Such strategies work best with currency pairs that trend well. Monitoring a predominantly range-bound currency pair (USD/KRW, for example) would yield little result, even with a solid trading strategy. The success of a trader depends on the list of currency pairs chosen for trading. The following study uses basic statistics to identify the Forex pairs […]

November 6
2017

Biggest Forex Myth You Believed in but Later Found out to Be False

The trading world is full of misconceptions, myths, and poorly understood ideas. When a new person joins the ranks of traders, his or her mind is usually crowded with such myths. From the coveted holy grail strategies to the get-rich-quick aspect to the widely advertised easiness of Forex trading — there is no end to the illusions that may hurt the trader’s understanding of the foreign exchange market. The important thing about Forex trading myths […]

October 16
2017

How Do You Spend Your Free Time?

If you do not want to get disappointed in Forex even when your trading results are not too bad, you have to pay attention to how you manage your free time. Spending your periods of leisure in a way that would give your mind and body enough rest and would motivate you for better trading achievements is a great psychological help to any trader. Facing a 24/5 market, […]