Investors confidence rouse more then expected, the published result was -7.5
In Germany the industrial production increased, but it was still with 0.5% lower then the 1.1% result expected.
EUR
Fundamental Analysis
Today for the euro will be published the trade bance of France, which is expected to have a slightly increase from -4.3 bilions of euro to -3.9 bilions.
Technical Analysis
Last week was one with a lot of price movement mostly because of the important economic data published.
Both in Europe and USA, unemployment rate fell to 9.9% and 9.7%. The interest rates for both euro and British pound where unchanged from the lowest levels in history, 1% and 0.5%.
Eur/Usd
Fundamental Analysis (more…)
Forex brokers earn from the spread, the difference between the buying and the selling price of a currency pair at one moment. They are happy to offer leverage because the higher the volume of a trade is the valuable are the pips in the spread.
For example: (more…)
Before you start trading the forex market, there are a couple of questions that need to be answered. How to chose a boker? Should I use a demo account? What do I need to know before I make my first trade? Let’s talk about this things.
1. Choosing a broker
This is a personal decision for every trader. Some forex brokers offer different options and different benefits that can be very attractive for some traders while at the same time other traders may consider them useless. It is very important that you compare and analyze carefully every forex brokers options and to chose the one that you feel comfortable with.
When you start trading on the forex market there are a couple of mistakes that you must avoid. Below are the most common mistakes that occur in forex trading.
1. To much leverage
One of the best advantages of the forex trading is the posibility of using the leverage. One of the most common mistake the trades do is that they use to much leverage. Using to much leverage means that you make a big transaction when you have to little money in the account. If the market moves a little against your position that could result in a big loss for you.
Popular Forex Scams
Forex scams can have many forms. Some of them can seem very convincing and legal. They all have in common the fact the traders are looking for that magic formula that can make them profits. Unfortunately, there are no easy answers. Below is a short list of the most common forex scams.
1. Signals sellers
