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Five Tricks To Acquire Wealth In Forex Trading

One of the interesting paradoxes of trading is that while there are not that many millionaires or billionaires among retail traders, there are no real secrets about how you can be successful or profitable in forex trading. The main principles of trading have been expounded by successful teachers of this art over the decades. Even in the relatively young field of technical analysis, most facts are well-established and the way to success is generally well-understood and publicized in many online and offline publications and discussions. The main obstacle against a successful career does no lie in some theoretical curiosity, but rather in the difficulty encountered by the trader as he tries to apply the lessons learned into practice. Here we’ll offer you some guidelines which can make this an easier task, as you mature your emotional attitude and weld a disciplined, cautious, approach to trading. Be Methodical and Disciplined The first step that you must take is systematizing your...

Special Topic: Outlook of Feds Reduction to Quantitative Easing

In the monetary policy meeting the Fed announced the latest issue of the continued reduction in QE, and to abandon the policy interest rate forward-looking guidance. There was also a hint that they might raise interest rates ahead. The dollar index once again embarked on the cusp of the market. From the point of view of yesterday’s Fed monetary policy decisions, the Fed continued to shrink QE 100 billion to $ 55 billion, and will abandon the original threshold of unemployment and inflation rates. The market was once considered a hawkish approach, even after the proposed reduction in QE was completed. From the point of view of other monetary economies, Japan’s recent “Abe economics” was severely tested. Japan will increase in the near future consumption tax; while Britain maintains good momentum of domestic recovery. While the pound has a boost; eurozone recovery is slow, and the economic data is not ideal. Fear of the future remains under pressure. China benefited from the impac...