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Best Forex Trading Course For Beginners 2022 | Learn to Trade Step by Step

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PA Market Report: Overview (Apr 26 – Apr 30) & Upcoming Events May’21

Apr 26: OPEC+ technical committee keeps oil demand growth forecast unchanged OPEC+ technical committee meeting ends, keeps oil demand growth forecast unchanged - two sources Apr 27: Le Maire: EU has lost too much time since recovery fund deal (Euro Zone) FRANCE'S FINANCE MIN. LE MAIRE: THE EUROPEAN COMMISSION CAN EXAMINE NATIONAL RECOVERY STRATEGIES AS QUICKLY AS POSSIBLE SO THAT THEY CAN BE ACCEPTED BY THE EUROPEAN COUNCIL BY THE END OF JULY. Apr 28: Consumer Price Index, (Australia) Key statistics: • The Consumer Price Index (CPI) rose 0.6% this quarter. • Over the twelve months to the March 2021 quarter, the CPI rose 1.1%. • The most significant price rise was Automotive fuel (+8.7%). • The most significant price fall was Furniture (-3.0%). tables At the All groups level, the CPI rose in all eight capital cities, ranging from 0.3% in Melbourne to 1.4% in Perth and 2.6% in Darwin. In all capital cities: • Automotive fuel rose, reflecting a further recovery in world oil consumption following large falls in early 2020 as a result of the COVID-19 related lockdowns. RBNZ Harris: No need to remove stimulus, low rates only one factor behind soaring house prices -BBG (New Zealand) RBNZ Policy Maker Peter Harris: No need right now to remove monetary stimulus, low rates only one factor behind soaring house prices -BBG $NZDUSD #RBNZ Schnabel: We expect a rebound of the economy in H2 2021 but inflation to remain low (Euro Zone) @Isabel_Schnabel: We expect a rebound of the economy in H2 2021 when containment measures are lifted & large parts of the population are vaccinated. But inflation is currently projected to remain low in the medium term, which justifies our highly accommodative stance. Apr 29: Federal Reserve issues FOMC statement (United States) The Federal Reserve is committed to using its full range of tools to support the U.S. economy in this challenging time, thereby promoting its maximum employment and price stability goals. The COVID-19 pandemic is causing tremendous human and economic hardship across the United States and around the world. Amid progress on vaccinations and strong policy support, indicators of economic activity and employment have strengthened. Fed's Powell: We are very worried about scarring in labor market (USA) FED'S POWELL: WE ARE VERY WORRIED ABOUT SCARRING IN LABOR MARKET. Gross Domestic Product, 1st Quarter 2021 (Advance Estimate) (USD) Real gross domestic product (GDP) increased at an annual rate of 6.4 percent in the first quarter of 2021 (table 1), according to the "advance" estimate released by the Bureau of Economic Analysis. In the fourth quarter of 2020, real GDP increased 4.3 percent. Apr 30: Personal Income and Outlays, March 2021 (USD) Personal income increased $4.21 trillion (21.1 percent) in March according to estimates released today by the Bureau of Economic Analysis (tables 3 and 5). Disposable personal income (DPI) increased $4.18 trillion (23.6 percent) and personal consumption expenditures (PCE) increased $616.0 billion (4.2 percent). Real DPI increased 23.0 percent in March and Real PCE increased 3.6 percent; goods increased 7.3 percent and services increased 1.7 percent (tables 5 and 7). The PCE price index increased 0.5 percent. Upcoming events May 3: ISM Manufacturing PMI May 4: - Fed Chair Powell Speaks - RBA Rate Statement - Cash Rate May 5: - Crude Oil Inventories - RBNZ Financial Stability Report - Employment Change q/q - Unemployment Rate - RBNZ Gov Orr Speaks - RBNZ Gov Orr Speaks - EU Economic Forecasts - ADP Non-Farm Employment Change - ISM Services PMI May 6: - BOC Gov Macklem Speaks - Prelim ANZ Business Confidence - Asset Purchase Facility - BOE Monetary Policy Report - MPC Asset Purchase Facility Votes - Monetary Policy Summary - MPC Official Bank Rate Votes - Official Bank Rate - Unemployment Claims May 7: - RBA Monetary Policy Statement - Inflation Expectations q/q - ECB President Lagarde Speaks - MPC Member Broadbent Speaks - Employment Change - Unemployment Rate - Average Hourly Earnings m/m - Non-Farm Employment Change - Unemployment Rate - Ivey PMI Read the full article

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Struggling Forex Traders Should Try These Tips

Recognizing and being in tune with yourself is vital in doing identical to the market of trading. Creating financial goals, help people to reach forex trading. Remembering the selection of the broker is essential. this text should outline some tips about the way to had the best during this area and make a profit. Using stop losses may be an excellent advantage. By applying stop losses to your orders, you'll easily protect yourself from too great a loss. Also by doing this you create an automatic exit for your order should the market end up in your favor. With a stop loss in situ you recognize the worst you may face and might prepare to maneuver on. Trading against trends may be an error unless you're in it for the long run. the most forces of market momentum can become very obvious quickly, and maybe paid close attention to. Not doing so has ruined over one trading career. Try to not overtrade, concentrate on your strategies. simply because something big comes up doesn't suggest you would like to leap thereon. Something big will always come up if you are trying to catch all you may find yourself spreading yourself to thin and something will give. concentrate on your major markets. High rewards for minimal risk is what every Forex trader is searching for. Be wary of fraud companies and scam artists that take advantage of this desire, though. There are limits to the probabilities in Forex, and no trader can generate profits without taking risks. Once a replacement trader gets a sympathize with the market he or she is going to have a far better nose for the "too good to be true" scams. When you are researching Forex brokers and corporations, be careful with fake reviews. Many brokers and brokerage companies pay people to write down positive reviews, and these are hard to differentiate from real reviews. If an internet site features only positive reviews, you ought to also find another source of knowledge on the corporate. When you try to maximize your profit on your forex, ensure you're staring at bigger windows of your time than those you have got chosen to figure with. Trends may be invisible in an exceedingly very short window of your time. Something trending upward can just be ticking up a notch in an exceedingly larger slide downward. Never try to do something you do not understand when it involves forex trading, as you'll risk losing profit or make an uninformed decision. Realizing that probability is involved and sticking to an inspiration, will facilitate your success. Remember the information from this text to continue participating in forex trading and share your experiences. Read the full article

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PA Market Report: Overview (Apr 19 – Apr 23) & Upcoming Events Apr’21

Apr 19: Australia is in no rush to reopen its international borders, Prime Minister Scott Morrison said.  Apr 20: US is very concerned about Russia's plans to obstruct international naval and state vessels in areas of the Black Sea (USA) THE US HAS CALLED ON RUSSIA TO STOP HARASSING VESSELS IN THE AREA AND TO REVERSE ITS MILITARY BUILDUP ALONG UKRAINE'S BORDER, ACCORDING TO THE STATE DEPARTMENT. Minutes of the Monetary Policy Meeting of the Reserve Bank Board (Australia) Members commenced their discussion of international developments with a cross-country review of economic activity and developments in labour markets during the pandemic. A recurring theme was that Australia had fared relatively well in terms of output levels and labour market outcomes. The December quarter 2020 national accounts showed that GDP in Australia had recovered to close to pre-pandemic levels, whereas GDP was still considerably below pre-pandemic levels in many other countries. US House Judiciary Committee passes bill opening OPEC to antitrust lawsuits over production cuts (USA) U.S. House Judiciary committee passes bill that would open #OPEC to antitrust lawsuits over production cuts, but it is uncertain whether the legislation would be considered by the full chamber - RTRS Apr 21: Consumer Price Index, March 2021 (Canada) The Consumer Price Index (CPI) rose 2.2% on a year-over-year basis in March, up from a 1.1% gain in February. A significant proportion of this increase was attributable to a steep decline in prices in March 2020, as the monthly CPI rose 0.5% in March 2021.  Rumour doing the rounds that BoC may have maintained QE purchases  (Canada) Rumour doing the rounds that BoC may have maintained QE purchases. Bank of Canada will hold current level of policy rate until inflation objective is sustainably achieved, adjusts quantitative easing program (Canada) The Bank of Canada today held its target for the overnight rate at the effective lower bound of ¼ percent, with the Bank Rate at ½ percent and the deposit rate at ¼ percent. The Bank continues to provide extraordinary forward guidance on the path for the overnight rate, reinforced and supplemented by the Bank’s quantitative easing (QE) program. Apr 22: ECB's Lagarde: Near term outlook is clouded; Covid continues to constrain activity in the near term (Euro Zone) ECB's Lagarde: - Near term outlook is clouded - Persistently high rates of Covid and associated containment measures continue to constrain activity in the near term #ECB $EUR Biden to propose capital gains tax as high as 43.4% for wealthy (USA) For New Yorkers, the combined state and federal capital gains rate could be as high as 52.22%. For Californians, it could be 56.7%. *BIDEN TO PROPOSE CAPITAL GAINS TAX AS HIGH AS 43.4% FOR WEALTHY Apr 23: Looser pandemic restrictions result in fastest UK private sector growth since late-2013 (UK) April PMI® data compiled by IHS Markit and CIPS illustrated a strong revival in UK private sector output after the downturn seen at the start of 2021 during the full national lockdown. Moreover, for the first time since the COVID-19 pandemic began, service activity growth outperformed manufacturing production. Upcoming events: Apr 26 German ifo Business Climate Apr 27 - BOJ Outlook Report - Monetary Policy Statement - BOJ Press Conference - CB Consumer Confidence Apr 28 - BOC Gov Macklem Speaks - CPI q/q - Trimmed Mean CPI q/q - OPEC-JMMC Meetings - Core Retail Sales m/m - Retail Sales m/m - ECB President Lagarde Speaks - Crude Oil Inventories Apr 29 - FOMC Statement - Federal Funds Rate - FOMC Press Conference - Advance GDP q/q - Advance GDP Price Index q/q - Unemployment Claims - Pending Home Sales m/m Apr 30 - Manufacturing PMI - SNB Chairman Jordan Speaks - German Prelim GDP q/q - GDP m/m Read the full article

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Forex Predictions: How To Predict the Forex Market

Predicting how the Forex market will move is not an easy task but with the available tools and resources, traders have more opportunity to try to predict forex movements and exchange rates. On what basis can we predict the movement of the market? Let’s find out. What is Forex? Before we proceed, we need to answer the question - what is the Forex market? Simply put, It is a global decentralized market for trading currencies. Moreover, it is the largest market in the world, processing trillions of dollars worth of transactions every day. The key participants in it are international banks, hedge funds, commercial companies, various central banks and, of course, retail FX brokers and investors. Forex Predictions Forecasting in FX means predicting current and future market trends by utilizing existing data and different facts. Being an analyst, one should rely on both fundamental and technical statistics in order to predict the directions of the economy, stock market and individual securities. For those who trade in Forex, knowing the techniques of how to forecast the FX market can be the resounding difference between those who trade successfully and those who end up losing money. As soon as you start to learn about Forex trading, you should also start learning how to forecast the FX trading market.

What approach should investors use to predict forex movements? Before deciding what approach to take forex investors to need to define the basics of their strategy, including what currency pairs to trade. The majority of trading volumes in the forex market are concentrated on major currency pairs, like EUR/USD, GBP/USD, and USD/JPY, but some find opportunity by focusing on other, less popular pairs. Another major factor that will influence what approach to take is the timeframe in which to trade. Many short-term forex traders will start afresh each day, closing out all of their positions before the end of the day (wherever they are) in order to avoid any drastic price movements that could occur overnight, known as day trading. Others look to hold positions over a slightly longer period, typically between two to 14 days, known as swing trading. Those in it for the longer term use the likes of position trading, which sees traders hold positions for months or even years while trying to refrain from reacting to any up or down price movements in the meanwhile. Using fundamental analysis to predict forex movements As the name suggests this is all about analyzing the fundamentals of the market, considering all the factors that influence exchange rates - everything from monetary and government policy to the state of the labor and housing markets. The core belief behind fundamental analysis is that it can identify a currency that is mispriced and will eventually correct itself. This is part of the reason why fundamental analysis is generally better at predicting longer-term price movements, although it does have its uses for short-term strategies. There are certain economic figures, which when announced, nearly always have a heavy impact on the movement of the FX market. They are: Interest rates Situation of employment Budget, trade balance and treasury budget GDP How can a trader utilize all the points above to make Forex market predictions? First, always keep an economic calendar to hand. Then it's a matter of knowing which prediction indicator is gaining the most attention because it will eventually become the catalyst for future price movements in the Forex market. And finally, pay attention to news revisions - the situation on the market can change in a blink of an eye. Using technical analysis to predict forex The essence of technical analysis is that it attempts to forecast future price movements in the FX market by thoroughly examining past market data, particularly price data. The idea is that history may repeat itself in predictable patterns. In turn, those patterns, produced by movements in price, are called Forex signals. This is the goal of technical analysis - is to uncover current signals of a market by inspecting past Forex market signals. This may help traders perform daily Forex predictions. In addition, prices move in trends.  FX traders can rely on volume charts, price charts, and other mathematical representations of market data (further referred to as studies) to discover the ideal entry or exit points for a trade. This is something else that can assist a trader in learning how to predict Forex.  There is no perfect system you can use when trying to do a forex forecast, but with technical analysis, you can at least be able to make some forex prediction of what happens daily.

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Gold Trading Strategies and Tips: How to Trade Gold?

Gold is one of the most traded commodities in the world and over the centuries has become the most traded asset in history. XAU/USD is one of a number of gold pairings forex brokers now offer, making it easier than ever to incorporate gold as part of your forex trading strategy. 

Different ways of Trading Gold #Physical metalInvestors can purchase actual physical metal, either as gold bars, gold bullion, or even through jewelry that can be worn decoratively, but later melted down and sold as raw gold.#Gold certificatesGold certificates are a certificate proving ownership of gold, issued by another entity storing the gold owned by the investor. Many years ago, gold certificates were used as paper currency in the United States.#Gold futuresGold futures are contracts that essentially bet on a change in the future price of gold. These futures contracts often come with expensive fees that can eat into the profits of traders.#Gold-Based ETFsThose investors looking to gain exposure to gold without owning the underlying asset may opt to invest in a gold-based ETF or exchange-traded fund.#Contracts For DifferenceContracts for difference, or CFDs, one of the better options for traders who want to gain exposure to gold markets. CFDs can be executed faster than other financial instrument types.Gold Trading Strategies and Tips#Trade with the New York Close in MindGold is a nearly 24-hour market, but peak liquidity is typically found during New York trading hours. Whether you should target trades during or after New York trading hours depends on your goals. Whereas trades during peak activity offer high liquidity and low volatility, making them good targets for safe-haven positions, off-hours trading can provide the extra volatility needed to execute scalping strategies. At the same time, this extra volatility increases the relative risk of any trade.#Use the Right Broker

The best gold trading websites offer reliable charting software. Trading gold on MetaTrader 4 (MT4) is particularly popular.But regardless of the system you chose, your software will need easy-to-follow price charts and signals. Any additional free tools so that data, symbols, and patterns are explained will also help. Essentially, the best brokers help inform your predictions and market outlook. Keep an eye out for extra learning resources that offer details of alternative gold trading methods too.#Consider Geopolitical ImplicationsWhen political or economic uncertainty creates concerns about currency prices, gold can be a stable safe haven that protects your liquid assets. Gold tends to be strongly correlated to the U.S. dollar, as well as other stable currencies such as Japan’s yen, and opening a position with XAU/USD can be a reliable means of protecting your assets from unpredictable situations affecting other forex markets.#Short-Term StrategyFor short-term traders, a classic way to try to profit from the frequent trends in gold is to use a moving average crossover strategy. In this strategy, a trader would look to buy gold if a shorter-term moving average crosses above a longer-term moving average and sell when the shorter-term moving average crosses below the longer-term average.#Long-Term StrategyLonger-term position traders and investors can focus more on the fundamentals that drive gold’s price, such as the level of real interest rates. The chart below shows the relationship between gold prices and the yield on TIPS, a proxy for real interest rates in the United States.#Read the Long-Term ChartTake time to learn the gold chart inside and out, starting with a long-term history that goes back at least 100 years. Looking at different timescales will help in identifying longer and shorter-term trends and check on consolidation. #Supply and DemandVolume per day data shows half of the global demand is driven by jewelry production. Another 40% represents investment accounts. Take a look at price charts and you’ll see that when demand is up and supply is down price rises. In contrast, if supply increases and demand drops, live price rates will fall.If you can effectively analyze gold’s price movements and develop a trading strategy to capitalize on this opportunity, gold trading can be a reliable safe haven for investment.ENHANCE YOUR FOREX TRADING- If you’re new to forex trading, download our Forex for Beginners Trading guide. - Learn to do your own TRADING ANALYSIS in a short period of time. Check out The Complete Guide To Forex Trading.  - If you want to get FREE Forex signals and make a profit consistently, join our free channel on Telegram here Read the full article

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Top 10 Forex Trading Tips That Will Make You A Successful Trader

Want to know the best Forex trading tips that will help you to get on the right path in your journey to trading profitability? The best traders always try to improve their trading skills through practice and discipline. In this blog, we will break down good forex trading tips that will help you in improving your skills and becoming a successful trader. 

10 Forex Trading Tips That Will Make You A Successful Trader

#01:  Define Your Goals Before you set on a journey, you must know what is your destination and how you plan to get there. One of the first things you should do as a trader is to understand what your goals are in trading. Each trading style has a different risk profile, which requires an approach to trade successfully.

Once you have an idea of what your trading goals are and what type of trading will best suit you, then you must work on creating a detailed trading plan that you can use to systemically trade the markets so that the process of trading becomes effortless. #02: Choose the Right Broker One of the important forex trading tips in choosing the right broker for you. You need to make sure that you have chosen the right broker and the right trading platform to help you achieve your trading goals. 

You must know each broker's policies and how they go about making a market. Also, make sure your broker's trading platform is suitable for the analysis you want to do.  #03: Choose a Strategy

No list of forex trading tips can make you successful, a trader is complete, without mentioning strategies. A trader’s strategy means everything. There are plenty of strategies out there, suitable for beginners, as well as more experienced traders. At the end of the day, you have to find something that resonates with you, resonates with the kind of money you want to make in the Forex market, and makes sense with your goals and overall trading strategy. #04: Create a Trade Plan

You need a plan of action. Yup, you heard it right. You may be wondering why you need a trading plan in the first place? A trading plan that outlines all the fine details that go along with your trading strategy is essential in keeping you focused and accountable. Carefully calculate your Forex trades before you make them. Don't make trades without formulating a strategic plan.  #05: Keep a Trading Journal A trading journal is a good forex trading tip not just for beginners but for experienced traders as well. It will help you monitor the performance of your trading system, trading consistency, help you self-assess your winning trades, etc.

Successful traders follow this forex trading tip. They go over their decisions and carefully review the path that led them to make that choice. #06: Stop Focusing on Losses

There is no forex trading trick or secret that will ensure constant success. It is important that you accept there is a risk of failure involved with every trade you make. Losses are an inevitable part of forex trading and you cannot improve your trades or become a consistently profitable trader if you can’t accept that.  #07: Control your Emotions

Another important forex trading tip for you is to keep your emotions under control when you’re trading. Because getting too emotional will bring you nothing but stress and anxiety.  #08: Don't Overtrade Over-trading has the potential to be extraordinarily harmful to your trading account. As you develop your trading plan, set yourself a maximum amount of trades you will make per day or week. #09: Study Price Action

One of the most important forex trading tips is paying close attention to learn about price action. Price action allows a trader to assess the market and make intuitive decisions based on current and definite price movements, as opposed to relying only on technical indicators. #10: Learn & Practice: Never stop learning and practicing! With each passing day you trade, there’s always a new lesson to be learned. Forex is a dynamic market and you have to keep up. Study, practice, study, practice! Practice brings a big change to your trading. When you practice on demo accounts you have a chance to understand the market and come up with strategies that will help you in bagging good profits. It will also help you in understanding how to take losses and rise from them.  So we come to the end of the Top 10 Forex trading tips and what have we learned from these lessons? Hopefully each tip will be able to provide you some information and if you want, you can apply it in your own trading. These Forex trading tips will prepare you but remember that becoming a successful trader is still in your hands. So think carefully before you make a decision. Fight against all odds and never back done. If you believe in yourself you will be able to do it.  ENHANCE YOUR FOREX TRADING - If you’re new to forex trading, download our Forex for Beginners Trading guide. - Learn to do your own TRADING ANALYSIS in a short period of time. Check out The Complete Guide To Forex Trading.  - If you want to get FREE Forex signals and make a profit consistently, join our free channel on Telegram here.  Read the full article

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PA Market Report: Overview (Apr 12 – Apr 16) & Upcoming Events Apr’21

Apr 12 NZ's cenbank to stand pat as it assesses travel resumption, property curbs (New Zealand) New Zealand’s central bank is expected to leave interest rates and its quantitative easing program unchanged this week as it assesses the economic impact of some international tourists returning and the government’s new housing market measures. In a Reuters poll, all 11 economists forecast the Reserve Bank of New Zealand (RBNZ) to stand pat on Wednesday and predicted it will keep the official cash rate (OCR) at the historic low of 0.25% for the rest of the year. ECB holdings under PEPP rose by EU17.1B in week ended April 9 (European Zone) ECB HOLDINGS UNDER PEPP ROSE BY EU17.1B IN WEEK ENDED APRIL 9 Tailing 10Y Auction Sees Sufficient Demand To Avoid Puke (USA) Shortly after today's first bond auction, the $58BN in 3Y notes which saw brisk demand at 1130am ET this morning, moment ago the US Treasury held the second coupon sale for the day when it sold $38 billion in a closely watch 9-year 10-month reopening. This auction was less enticing to buyers, stopping at a yield of 1.680%, which was the highest since January 2020 and also tailed the When Issued 1.678% by 0.2bps. Apr 13: BoJ Kuroda: Will Take Time, But Can Achieve 2% Inflation Will Keep Easing Efforts Persistently (Japan) BoJ's Kuroda: Will Take Time, But Can Achieve 2% Inflation BoJ Will Keep Up Easing Efforts Persistently BoJ's March Review Made Easing More Nimble, Sustainable Industrial production The index measures the monthly evolution of the volume of industrial production (excluding construction). With effect from January 2018, the indices are calculated with reference to the base year 2015 using the Ateco 2007 classification (Italian edition of Nace Rev. 2). The US Will Ask For A Temporary Stop On The J&J Vaccine: NYT (USA) AFTER CLOTTING CASES, THE US WILL ASK FOR A TEMPORARY STOP ON THE J&J VACCINATION - ACCORDING TO THE NEW YORK TIMES. Consumer Price Index - March 2021 The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.6 percent in March on a seasonally adjusted basis after rising 0.4 percent in February, the U.S. Bureau of Labor Statistics reported today. The March 1-month increase was the largest rise since a 0.6-percent increase in August 2012. Over the last 12 months, the all items index increased 2.6 percent before seasonal adjustment. Andy Haldane to become Chief Executive of the Royal Society for Arts, Manufactures and Commerce (UK) Andy has worked for the Bank for over thirty years, leading both its financial stability and monetary analysis areas during that time and serving as a member on both the Bank’s Financial Policy Committee (FPC) and Monetary Policy Committee (MPC). In addition to his contribution to the Bank, Andy has also led HM Government’s Industrial Strategy Council, as well as co-founding Pro Bono Economics, a charity dedicated to using economics to empower the social sector. Treasury auction results (USA) One day after we got a two-fer of a solid 3Y and a mediocre 10Y auction, some rates traders were afraid that between today's (hot) CPI print and the flood of new issuance, today's 30Y auction would be ugly. It was anything but. Moments ago the Treasury announced that it auctioned off the last coupon for the week when it sold $24 BN in ultra long dated paper in the form of a 29-year 10-month reopening. Apr 14 Monetary Stimulus Continued (New Zealand) The Monetary Policy Committee agreed to maintain the current stimulatory level of monetary settings in order to meet its consumer price inflation and employment objectives. The Committee will keep the Official Cash Rate (OCR) at 0.25 percent, and the Large Scale Asset Purchase and Funding for Lending programmes unchanged.  WTI Spikes Above $62 After 3rd Straight Weekly Crude Draw, Optimistic IEA Report (Global) despite growing vaccine hesitancy and global COVID cases resurging, oil prices are rising for a third straight day after the IEA lifted its forecasts for demand and API's report pointed to another decline in US crude stockpiles. Additionally, news that China is clamping down on independent oil refiners in an effort to curb overcapacity and stamp out illegal practices is helping push WTI back above $61 ahead of today's official production and inventory data. Apr 15: Labour Force, Australia, March 2021 (Australia) Key statistics: Seasonally adjusted estimates for March 2021: • Unemployment rate decreased to 5.6%. • Participation rate increased to 66.3%. • Employment increased to 13,077,600. • Employment to population ratio increased to 62.6%. • Underemployment rate decreased to 7.9%. • Monthly hours worked increased by 38 million hours. tables Unemployment: In seasonally adjusted terms, in March 2021: • The unemployment rate decreased 0.2 pts to 5.6% (0.4 pts higher than a year ago) US retail sales explode in March as consumers use stimulus checks to spend heavily (USA) A fresh batch of stimulus checks sent consumer purchases surging in March as the U.S. economy continued to get juice from aggressive congressional spending. Retail sales rose 9.8% for the month, the Commerce Department reported Thursday. That compared to the Dow Jones estimate of a 6.1% gain. A separate report showed that first-time filings for unemployment insurance plunged, with the Labor Department reporting 576,000 new jobless claims for the week ended April 10.  Apr 16: Treasury Releases Report on Macroeconomic and Foreign Exchange Policies of Major Trading Partners of the United States (USA) The U.S. Department of the Treasury today delivered to Congress the semiannual Report on Macroeconomic and Foreign Exchange Policies of Major Trading Partners of the United States. In this Report, Treasury reviewed and assessed the policies of 20 major U.S. trading partners during the four quarters through December 2020. Upcoming events: Apr 21 - CPI q/q - Retail Sales m/m - CPI y/y - BOE Gov Bailey Speaks - CPI m/m - BOC Monetary Policy Report - BOC Rate Statement - Overnight Rate - Crude Oil Inventories - BOC Press Conference Apr 22 - Monetary Policy Statement - Main Refinancing Rate - ECB Press Conference - Unemployment Claims Apr 23 - Retail Sales m/m - French Flash Services PMI - French Flash Manufacturing PMI - German Flash Manufacturing PMI - German Flash Services PMI - Flash Manufacturing PMI - Flash Services PMI - Flash Manufacturing PMI - Flash Services PMI - Flash Manufacturing PMI Read the full article

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The Automated Forex Trading Technology

Forex market is a constant and also synchronized trading that happens in the globally. It does not only occur in the United States and also Europe, various nation's money, as well as money worldwide, is being brought and also offered. In Foreign exchange trading, the capitalist profits from the movements of foreign money. Now, if it is done in real-time, it is claimed that the profits might raise. This is the purpose of having an automatic Forex trading modern technology.

Forex can alter quickly based upon the particular as well as real-time conditions. It might raise in worth, or decrease based upon conditions. If the money that has been bought boosted in value, you can also market it to raise or secure a profit. The Foreign exchange market is claimed to be speculative. It means that the individual or the business/ establishment that has actually gotten the currency might not have a definite plan with the money. They are simply hypothesizing on the movement of that currency. A lot of individuals are taking interest in Forex trading due to its rewarding facets. It has long trading hours, that is 24 hr a day and also 5 days a week. In addition to that, according to the Triennial Central Bank Study of the Bank of International Settlements done in April 2004, conventional foreign exchange market turnover is around $1.88 trillion every day. It is estimated to increase by another $2 to $3 trillion within the following 8 to ten years. These reasons made plenty of individuals to curious about purchasing the Foreign exchange trading riches. Having Foreign exchange trading automated, really, opened great deal opportunities to those who would love to spend. If you have an interest in buying the forex, you would certainly have to develop a trading system as well as discover it to be successful. You would certainly need to learn more about the Forex market and also it's guidelines. This would require time as well as perseverance. Yet with the automated Foreign exchange trading, those that want investing do not need to undertake the extensive procedure of learning the trading system. You have a system that can be configured as well as check the progress of Foreign exchange trade real-time. You can examine the regular monthly profits as well as losses. This would assist you to examine the previous trading outcomes. However, this does not dictate or anticipate future results. This automatic system is capable of managing the automated profession within 24 hr. Significant transforming points in professions happen within milliseconds. This is why it is important for some to promptly keep track of the changes in the Forex trade. For example, if a person would endure constant losses during the Foreign exchange trade, the automated system would certainly reveal it and also would help the capitalist to make assisted choices. Obviously, it is essential that you would likewise know as well as material with the trading system your automated Foreign exchange trading program makes use of. This would assist you to handle the automatic actions your program is doing. Success in the trading field does not depend upon whether you are using a guidebook or a computerized system. Other than this, you would certainly also require to have sufficient money management abilities. Applying sensible financial monitoring abilities would assist the financier to minimize losses and also raise profits. Apart from this, it is also essential that the investor recognizes and also completely satisfied with the trading system. The huge amount of cash that you can get from successful Forex trading can be a big tourist attraction for you to spend your money. So if you want to get in Forex trading or boosting your earnings, then you can consider automated Foreign exchange trading as an alternative. Read the full article

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HOW TO OVERCOME THESE PSYCHOLOGICAL OBSTACLES

1. Invest in forex education

Forex trading education is very critical ingredient for overcoming the above-mentioned psychological impediments. With proper training, you will gain essential skills for making good decisions, instead of relying on your gut feelings and prediction.If you want to blindly enter and exit trades without having sufficient reasons for making the decisions, you’ll become emotional, and hurt your trading capital. You need to understand how the forex market is being operated and the factors that cause its movements. For example, if an economic news report had been released, you need to know how it is likely to affect movements in the market, instead of becoming fearful and starting to close and open trades whimsically. A proper forex education will help you in creating a strategy capable of generating consistent profits. Trading without a profitable and inconsistent strategy gives too much room for disaster. However, a reliable and proper trading strategy will help you to relax and be calmer, as it reduces your risk and your anxiety. 2. Follow your trading plan

Trading with a robust plan lowers risks and assists you in keeping your emotions under control. Typically, a trading plan consists of a set of guidelines and perfect strategies for executing trade decisions.A trading plan is usually created after doing extensive analysis and a lot of study about the market behavior. It is what you need to maintain consistency and profitability in your trading.For example, a good trading plan should answer the following questions.*How many pips should I target per trade? At what times do I trade? Do I follow the risk management properly? What rules should I use for entering trades? How should I manage open trades? What rules should I use for exiting trades? Emotions can wreck your control if you let doubt and fear live freely. However, a well designed trading plan will assist you to stay focused and trade profitably without being sidetracked by your gut feelings.Trading without a plan will leave you at the mercy of your emotions. Consequently, you’ll be taking trades based on your gut feelings and without making any meaningful analysis of the market behavior.With a plan, whenever there is a sign of trouble in the market, you’ll not need to adjust your trade decisions fearfully or greedily. All your choices to enter and exit the market will be based on your predefined set of guidelines—giving no room for any kind of emotion to cloud your mind.For an example, if your trade plan specifies that you will be entering retracement trades whenever the market bounces off one of the Fibonacci levels, you should stick to that rule as much as possible because constantly changing of plans is too much harmful.  3. Practice risk management

Proper risk management is a must. It distinguishes a trader from a gambler. If you expose too much capital to the market because of revenge, you could end up with immense losses and probably you'll blow your account. To avoid becoming an emotional trader, do not risk an amount of cash in your account which you cannot lose comfortably. A common rule of thumb is to risk only 1% of your capital for each trade because it'll not affect you much. Apart from using leverage wisely, you should also avoid fearfully moving or ignoring stop losses and take profit targets and definitely closing halves. Emotionally managing trades increases risks and detrimental for your account too. 4.Change your mindset

An overwhelmed mindset is a major cause of emotional trading. If you are not focused on your trading decisions, you will easily gather the dangerous habit of being fearful, greedy, revengeful, or euphoric. You need to have a realistic mindset and become an emotionally mature trader. You should train yourself to approach the market with discipline and avoid decisions based on your gut feelings or any other emotions. With a clear and logical mindset, your emotions will lack enough strength to control your trade decisions and you can be strong all the time. Conclusion The psychology of forex trading is very important for becoming a successful trader. For most traders, this is what triggers the biggest percentage of trading mistakes. Therefore, you need to strive to keep your emotions in check. If you fail to control them, they will surely control you—and after that, you’ll regret it all the time. The success or failure of your forex trading career depends on your expertise at eliminating emotions from trading decisions, and in that case PRICE ACTION FOREX will be always with you.  Read the full article