Forex trading is one of the most difficult career paths to take. With a lot of uncertainties in the market, it takes great confidence and knowledge to survive in the forex market.  As we all know, there is no such thing as a sure-fire trading strategy to be profitable in the forex market. It is all about finding high probability trading set ups and the outcome will always be unexpected.  There will be days when you win and some days when you lose.  The stress of forex trading may affect the trader mentally and may lose his confidence along the way. That’s why it is also i ..read more

  In November, business activity in UK has contracted due to a new wave of coronavirus that affected the huge services industry, but news of possible vaccines in early 2021 boosted hopes of businesses in UK as shown on a survey on Monday.   The HIS Markit/CIPS UK Composite Purchasing Manager’s Index (PMI), fell to a 5-month low of 47.4 in November 52.1 in October.  It is the first time the index has fallen below the 50.0 growth threshold level since June.  The decline was smaller than a slump to 42.5 forecast in a Reuters poll of economists, however, and less seve ..read more

  Trading is just like everything else that we do. Once we do something for a long time, say for a couple of years, you feel like you’ve lost your interest and it’s like you’re going through a loop and you feel that you’ve lest your interest and trading mojo. You may be starting all over again maybe because you took a break from trading, had a streak of losses, lost the feel of the market or maybe blew your account and there will be times when you feel like you just want to quit altogether to stop the agony. And if you choose to start from scratch, then you’ve only made the beginning to p ..read more

  On Wednesday, British finance minister Rishi Sunak will release his spending plan and says that there is no returning to austerity despite the damage that the coronavirus inflicts in the British economy.  He said he would announce “quite a significant” increase in funding for public services.  “You will not see austerity next week,” Sunak told Sky News on Sunday. His priority in the plan was to fight the crisis that is brought to the British health service and economy.  More than 3 billion pounds will be set aside in extra help for the health service.  Sunak said, on ..read more

  As a trader, have you experienced the need to find the “perfect” set up before executing your trades? Some traders or even most of them are too focused in finding a perfect set up, tinkering on indicators and waiting on a secret information that nobody yet knows that may impact the trade or whatever it is that you think as long as you can spot a perfect set up. What we are saying here is that if you are always waiting for that perfect setup, you end up wasting your time “waiting”. We all know that in forex trading, there no such thing as a “perfect set up” or a “perfect strategy” that w ..read more

We all know that there a lot of different traders and each of them has their own strategies. Some prefer trading in the long-term trends and some prefer to lock-in their profits within the day by day-trading or scalping.  Day trading or scalping means you will trade in the lower time frames such as the 1-hour charts down to the 15-minute charts. Trading for a short period of time also means you’ll be spending less time in trading and more time for your other activities.  Unfortunately, there are also some things that you should consider because everything that we do has pros and cons ..read more

On Thursday, Brexit negotiators suspended direct talks after a member was positive on a test for COVID-19. However, officials are still working remotely to reach a UK-EU deal which is due in 6 weeks.  Talks could still continue and a “comprehensive” deal be agreed in time before UK’s transition on December 31, 2020 says Finland’s European affairs minister, Tytti Tuppurainen.  “We are at a critical stage of the negotiations,” Tuppurainen told Reuters in a phone interview. “The time pressure is huge and we all realize that time is running out … I haven’t given ..read more

You often hear the words bullish and bearish from traders. These words may sound foreign to you but here, we will discuss these terms as simple as possible. Basically, the terms “Bull” (bullish) and “Bear” (Bearish) are used to describe the overall financial market is performing in general. Bull market means that the trend is going upwards meanwhile bear market means that the market is going down. Remember that a single day cannot tell you whether the market is in bullish or bearish form. It takes weeks or months to tell which direction the market is heading.  What happens in a ..read more

On Tuesday, Bank of England’s Governor Dave Ramsden said that the positive news on the COVID-19 vaccine may help boost the economy and reduce the risks facing Britain’s economy.  Over the last two weeks, announcements that two vaccines were effective in the last trials have raised hopes for economies affected by the COVID-19 pandemic and hopes that the virus will be defeated over the coming year is increasing.  “Assuming the recent positive developments do translate into delivery of vaccinations, then they could … bolster resilience and mitigate some of the risks of long-term scarrin ..read more

  The economy of Britain grew slower by 1.1% in September compared from that of August while lagging other rich nations as it struggled to recover from the shock of the pandemic even before the latest Covid-19 lockdown.  The slowdown in the data that is shown on Thursday, gave expectations that the economy will shrink once again as 2020 ends with the uncertainty of UK getting a Brexit deal on December 31.  Gross domestic product grew by a quarterly record of 15.5% between July and September but that failed to make for its losses of 20% during the lockdown between April ..read more