Tag Archives: trading psychology

Simple Forex Tester

The Simple Forex Tester is a software suite that hooks DIRECTLY into the most powerful Forex trading platform on the planet MetaTrader 4. It utilizes the power of your computer and the data feed from your broker to very accurately re-play the market TICK FOR TICK, ….A software suite that hooks DIRECTLY into the most powerful trading platform… Read More »

Forex Copy Trading Software

Local Trade Copier Is A Special Mt4 Add-on Which Allows To Link Many Accounts On The Same Computer And Copy Trades Between Them Instantly And Simultaneously. Very Popular Among Forex Traders That Use Metatrader 4 Platform.One of the fastest and most popular trade copier software for MT4.

Forex Made Simple

Forex Made Simple is the essential guide for anyone who wants to make money trading foreign exchange, without all the fuss You don’t need to be a financial wizard or spend all day glued to a computer screen to trade forex profitably. Including the information you need to know (and nothing more), this book provides straightforward strategies anyone… Read More »

U.S. Consumer Sentiment Unexpectedly Improves In February

Reflecting an improvement in expectations, the University of Michigan released a report on Friday showing an unexpected increase in U.S. consumer sentiment in the month of February. Preliminary data showed the consumer sentiment index rose to 100.9 percent in February from the final January reading of 99.8. The uptick surprised economists, who had expected the index to edge down to 99.5. The unexpected increase by the headline index came as the index of consumer expectations climbed to 92.6 in February from 90.5 in January. On the other hand, the report said the current economic conditions expected slipped to 113.8 in February from 114.4 in January. “Net gains in household income and wealth were reported more frequently in early February than at any prior time since 1960,” said Surveys of Consumers chief economist Richard Curtin. However, Curtin added, “These gains in consumers’ economic assessments have also been accompanied by a faint stirring of two powerful sources of uncertainty.” Curtin said just 7 percent of respondents mentioned the coronavirus when asked to explain their economic expectations, while only 10 percent mentioned some aspect of the upcoming presidential election. On the inflation front, the report said one-year inflation expectations were unchanged at 2.5…

Dollar Little Changed After U.S. Industrial Production

Fed’s Industrial Production for January has been released at 9:15 am ET Friday. The greenback changed little against its major rivals after the data. The greenback was trading at 1.0856 against the euro, 109.81 against the yen, 0.9808 against the franc and 1.3022 against the pound around 9:20 am ET. The material has been provided by InstaForex Company – www.instaforex.com…

*U.S. Industrial Production Drops 0.3% In January

U.S. Industrial Production Drops 0.3% In January The material has been provided by InstaForex Company – www.instaforex.com…

Finland Economy Shrinks In Q4

Finland’s economy contracted in the final three months of 2019, preliminary estimates from Statistics Finland showed on Friday. Seasonally adjusted gross domestic product decreased 0.4 percent from the previous quarter, the agency said. In the three months to September, the economy expanded 0.7 percent. On a working-day adjusted basis, GDP grew 1.4 percent from the fourth quarter of 2018. In the third quarter, growth was 2.2 percent. The statistical office also reported that the number of employed rose by around 0.6 percent from the previous year during the fourth quarter. In December, the output of the national economy grew by a working day adjusted 0.5 percent year-on-year after a 1.6 percent increase, which was revised from 2.3 percent. Primary production decreased by around 3.3 percent and secondary production grew by about 0.8 percent. Services output rose by around 0.3 percent from December 2018. On a seasonally adjusted basis, output fell 0.4 percent from the previous month. The material has been provided by InstaForex Company – www.instaforex.com…

Dollar Slightly Down After U.S. Retail Sales Data

After the release of U.S. retail sales and import and export prices for January at 8:30 am ET Friday, the greenback fell slightly against its major rivals. The greenback was trading at 1.0840 against the euro, 109.83 against the yen, 0.9812 against the franc and 1.3004 against the pound around 8:32 am ET. The material has been provided by InstaForex Company – www.instaforex.com…

BTC analysis for 02.14.2020 – Watch for potential down breakout of the trading range and eventual test of $9.732

Industry news:Starting with The Bank of China’s announcement that it would be exploring the potential of a state-sponsored digital currency and continuing into the World Economic Forum in Davos, Switzerland that produced guidance for central banks navigate the digital landscape, 2020 is increasingly looking like the year governments take real steps into the world of cryptocurrencyTechnical analysisBTC has been trading sideways at the price of $10.250. Due to the breakout of the support trendline in the background, I do expect potential for further downside movement and eventual test of $9.723 and $9.150.I would watch for eventual breakout of the support at $10.057 to confirm downside movement towards the levels at $9.732 and $9.150.MACD oscillator is showing neutral stance and it’s not that relevant under the trading range condition.Major resistance level is seen at the price of $10.513Support levels are set at the price of $9.732 and $9.150The material has been provided by InstaForex Company – www.instaforex.com…

The euro is going downhill

A strong economy is a strong currency, a weak economy is a weak currency. This truth is as old as the world and continues to work like a clock. At the end of the fourth quarter, German GDP failed to grow, expanding by a modest 0.6% in 2019, which is the weakest result since 2013. These figures can not be compared with the American indicators, which allows the EUR/USD pair to determine the direction. It goes south and has already reached its lowest level since April 2017. Will there be more?
The dynamics of German GDP

Gross domestic product is an important but lagging indicator. Is it worth focusing on it, because it’s February, and the data came out for October-December? The problem is that little has changed since the fourth quarter and the emergence of a new external stimulus, the coronavirus, will only worsen the situation in the German economy. It is open, export-oriented and has a significantly higher share of deliveries to China and Asia in general compared to the United States. Consequently, the slowdown in China’s GDP to 4.5% in January-March, according to the forecast of Reuters experts, will bring more pain to the eurozone than to the States. It…